Saudi Arabia is investing 8.3 billion: green effort starts!

Saudi Arabia is investing 8.3 billion: green effort starts!

Saudi-Arabien - Saudi Arabia plans to extend its renewable energies with a total investment of $ 8.3 billion. This project is part of the National Renewable Energy Programs (NREP), which aims to achieve 130 gigawatts in total. The heart of the project are several solar and wind projects that are from a consortium around acwa power

The signing of the contracts that include over 31 billion riyal (about $ 8.3 billion $) for seven different projects took place in the presence of Saudi Arabia's Minister of Energy Prince Abdulaziz Bin Salman. This means that the largest capacity for renewable energy projects worldwide is ever signed in a phase. In total, the systems are said to have a capacity of 15 gigawatts that are spread over five solar power plants (11 GW) and two wind farms (4 GW). The first facilities should go online by 2027, with a complete commissioning by 2028 at the latest, reports The commitment of ACWA Power

ACWA Power, the main developer, has so far implemented a variety of projects in different countries and also wants to take a pioneering role in Saudi Arabia. In addition to the Public Investment Fund (PIF) and the Saudi Power Procurement Company (SPPC), the water and electricity company Badeel and the subsidiary of Aramco are significantly involved in the implementation. So far, the Principal Buyer has launched projects with a total output of 43 gigawatts through public tenders. Sports have already been signed for 38 gigawatts.

The solar projects include the 3-gigawatt project in Bisha and a 2-gigawatt system in Makkah. The projects in Riyadh with a capacity of 2 gigawatts and 1 gigawatts in Shaqra are particularly noteworthy on the wind side. These initiatives are not only crucial for the energetic diversification of Saudi Arabia, but also part of the national "Vision 2030", which strives to reduce dependence on the oil sector.

expectations and challenges

With over ten thousand expected jobs in the areas of construction, operation and maintenance, the expansion of renewable energies could also promote social mobility in Saudi Arabia. This could in particular offer young people better training and promotion opportunities. Nevertheless, there are technical challenges to cope with, such as network stability and infrastructural requirements, which can be complex, especially in view of the extreme climate, including sandstorms.

The ambitious program could not only position Saudi Arabia as a responsible player in the global climate discourse, but also change the international perception of the country from skepticism to cautiously recognition. With constant growth of renewable energy generation in the Middle East, which is expected to increase by 14 percent per year by 2027 and could increase the share of the total energy supply from 5 to 7 percent, Saudi Arabia is on a promising way to take on a central role in future energy supply.

like ÖKONEWS reports, the projects remain in a state-owned man at the same time offers important lessons for other countries in the Middle East.

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