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Tag: Saudi Arabia
Solar Power Forecast: Record-Low Costs Expected to Keep Plummeting as Technology Improves
The already-plummeting costs of installing solar power could fall an additional 60 percent over the next decade, the head of the International Renewable Energy Agency (IRENA) said Monday.
IRENA director general Adnan Amin...
Kite Wind Power Could Help Power Saudi Arabia
“Wind turbines on the Earth’s surface suffer from the very stubborn problem of intermittent wind supply,” said Udaya Gunturu, a researcher with the King Abdullah University of Science and Technology, who is...
Saudi Arabia Gets Cheapest Bids for Solar Power in Auction
Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50 billion program to diversify the oil producer’s domestic energy supplies away from...
Saudi Arabia plans to launch nuclear power tender next month
Saudi Arabia is expected to launch a tender process for its first nuclear reactors as early as next month and will reach out to potential vendors from countries including South Korea, France...
Major solar power project to provide electricity at night
A major solar power project in the Middle East will provide electricity during the night, the developers have said.
The $1bn (£770m) scheme will provide up to 200 megawatts to the grid in...
Saudi Arabia Looks Past Oil and Pushes Ahead with Wind Energy Ambitions
Saudi Arabia has resumed its efforts to launch the kingdom’s first large-scale wind farm, totalling 400 megawatts (MW), according to the country’s energy minister Khalid Al Falih. And there are plans for...
Saudi Arabia To Offer More Than 1 Gigawatt Of Solar & Wind In Second Tender Round
Saudi Arabia is set to offer more than 1 gigawatt of contracts to buy renewable electricity by the fourth quarter of this year, according to an official speaking this week. The plans...
Al-Falih Announces Package of Renewable Energy Projects
Minister of Energy, Industry and Mineral Resources Khalid Al-Falih launched a tender process for the Kingdom’s 300 megawatts Sakaka solar project. He said more wind and solar projects are in the pipeline.
Launching...
World’s Biggest Oil Exporter Sets Ambitious Renewable Energy Goal
Saudi Arabia, the world's biggest crude oil exporter, is launching an ambitious renewable energy program to transform its power sector.
The kingdom is pledging between $30-$50 billion to develop 30 solar and wind...
This Map Shows the Countries with the Most ‘Toxic’ Environments on Earth
Saudi Arabia and Kuwait have been named the most "toxic" nations on Earth in a new report.
The Eco Experts gathered data on and then ranked 135 countries based on five environmental factors:...
Saudis Kick-Start RE Plan
Saudi Arabia has launched the first two tenders of its much-awaited 9.5GW renewable energy program.
Under Round 1, the country has opened requests for qualifications for the 400MW Midyan wind farm in Al...
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming...
Saudi to Launch $30-50 Billion Renewable Energy Program Soon: Minister
Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said...
Global oil demand could peak by 2020, says Shell
The rise of electric cars has led many analysts to make predictions about the future of the oil industry. ExxonMobil and OPEC have both made statements indicating confidence that the majority of...
Electric Cars Pose ‘Resoundingly Negative’ Threat to Oil Companies: Analyst Fitch
So far, though, the oil industry hasn't seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than...
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut...
