Aramco plans 12GW renewables investment – MEED
- Date: 23-Jun-2022
- Source: MEED
- Sector:Oil & Gas
- Country:Saudi Arabia
Aramco plans 12GW renewables investment – MEED
Oil giant aims to reach net-zero carbon emissions from operation of its assets by 2050
Saudi Aramco’s plan to invest in 12,000MW of renewable energy by 2030 entails investing in the kingdom’s national renewable energy programme as well as through affiliate investments in renewables and purchase of renewable energy certificates.
“Those will likely primarily come in the form of investments in Public Investment Fund’s (PIF’s) solar and wind projects,” an industry source tells MEED.
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