Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka IPP PV powerplant, the Kingdom’s first renewable energy project, the Saudi Press Agency (SPA) reported on Thursday. The launch of the Sakaka IPP PV and the signing power purchase agreements (PPA) for seven new projects are the result of King Salman’s directives and the Kingdom’s aim to develop its economy, in accordance with the Vision 2030’s renewable energy initiatives, according to SPA. For the latest headlines, follow our Google News channel online or via the app. Saudi Arabia aims “to nationalize the renewable energy sector, promote the local content in it, and enable the manufacturing of the components of solar and wind energy production locally, allowing the Kingdom, within the next ten years, to become a global hub for conventional energy, renewable energy and their technologies,” the crown prince said. “A few weeks ago, the ‘Green Saudi’ initiative and the ‘Green Middle East’ initiative were announced. I explained that, as...read more...
SectorOil & Gas