Dubai — Saudi Arabia is kicking off its $50bn renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand. Bidders seeking to qualify to build 700MW of wind and solar power plants should submit documents by March 20, and those selected will be announced by April 10, Saudi Arabia’s energy ministry said Monday. Qualified bidders will be able to present their offers for the projects starting on April 17 through July. "This marks the starting point of a long and sustained programme of renewable energy deployment in Saudi Arabia that will not only diversify our power mix but also catalyse economic development," Khalid Al-Falih, the energy minister, said in the statement. The ministry’s Renewable Energy Project Development Office intends to set up "the most attractive, competitive and well-executed government renewable energy investment programmes in the world", he said. Middle Eastern countries such as ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.