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Saudi Arabia will be active user of renewable energy to 2023

Tue, 21.02.2017 14:48



The world’s biggest oil exporter on Monday took the first step towards a goal of generating 9.5 GW of energy through solar and other renewable means.

It invited local and international firms to try to qualify for bidding on two projects. One is for 300 MW of solar energy to be built in Al-Jouf province, in the kingdom’s north.

The second is for a 400 MW wind power development in Tabuk, northwestern Saudi Arabia, the energy ministry said in a statement. Government estimates say Saudi peak energy demand is expected to exceed 120 gigawatts by 2032.

The world’s biggest oil exporter on Monday took the first step towards a goal of generating 9.5 GW of energy through solar and other renewable means. It invited local and international firms to try to qualify for bidding on two projects. One is for 300 MW of solar energy to be built in Al-Jouf province, in the kingdom’s north.

The second is for a 400 MW wind power development in Tabuk, northwestern Saudi Arabia, the energy ministry said in a statement. Government estimates say Saudi peak energy demand is expected to exceed 120 gigawatts by 2032.

Reaching the 9.5 GW target will cost between $30 billion and $50 billion, Falih said last month. Companies will have until March 20 to file documents for bidding pre-qualification. Those which are successful will be announced by April 10.

Formal proposals can then be presented until July, the ministry said.

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Source: Al Arabiya

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