Wednesday 19 June 2019

UK renewable energy firms to attend Saudi meetings

RIYADH, March 17, 2019

A delegation of 20 innovative UK renewable energy companies will visit Saudi Arabia from tomorrow (March 18) for meetings to be held with governmental and private sector stakeholders.

The meetings, organised by the UK’s Department for International Trade and the Saudi British Joint Business Council (SBJBC), will run until March 20.

The delegation includes both small and larger companies with expertise in a range of renewable energy technologies including grid management, low carbon desalination, solar and wind energy solutions and legal and advisory services.

The companies will participate in meetings and roundtables hosted by the Saudi General Investment Authority (Sagia), Renewable Energy Programme Development Office (Repdo), Sabic, Acwa Power and the Council of Saudi Chambers (CSC) over three working days in Riyadh.

As well as focussing on the major projects recently launched by Saudi Arabia to generate 59 gigawatts of electricity from solar and wind by 2030, the programme will include a roundtable hosted by the Council of Saudi Chambers on the opportunities for on and off grid renewable energy generation through private Power Purchase Agreements (PPA) and rooftop solar.

Jeremy Short, Department for International Trade, said: “Saudi Arabia has an ambitious renewable energy programme stretching across both large scale and local schemes in support of its Vision 2030 objectives around the energy transition.”

“The UK is keen to support the Kingdom in these ambitions and hopes that this mission is the start of a dialogue leading to provision of UK knowledge and expertise in this market,” he said.

Gary Hunt, director of the British Trade Office in Al Khobar, said: “Saudi Arabia is embracing new technology and innovation as part of its National Transformation Plan (NTP). This mission is a fantastic opportunity to match UK capability with Saudi Arabia’s aspirational goals in the renewable energy sector.”

Chris Innes-Hopkins, SBJBC UK executive director, said: “We are delighted to partner with the Department for International Trade, Sagia and CSC in organising this important visit which follows SBJBC’s Smart Cities Mission to Saudi Arabia in November 2018.”

“We look forward to a productive visit,” he added.

Hashim Alawadi, SBJBC Saudi deputy chair, said: “We continuously work with our British counterparts to enhance trade and further strengthen the commercial relationships between businesses in both countries.”

“Renewable energy is indeed a very promising arena for cooperation and we hope that this visit will result in another strategic long term area of partnership between the private sectors in our countries,” Alawadi added. – TradeArabia News Service


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