Energy, Oil & Gas

Saudi announces plans for five renewable energy projects

The Saudi Power Procurement Company (SPPC) plans to float five new renewable energy projects across the kingdom with a total capacity of 3,300 MW as part of the fourth phase of the kingdom's National Renewable Energy Program's projects. 
Of these projects, three will be utilising wind energy to produce electricity, while the other two will make use of solar energy, stated SPPC, which is the principal buyer.
The Saudi group said once operational, the total production from these wind energy projects will hit 1,800MW (Yanbu facility output at 700MW, the Al Ghat plant at 600MW and Waad Al Shamal at 500MW), while the total production from solar projects will hit 1,500MW, distributed through its 1,100MW Al Henakiyah project and 400MW Tubarjal project.
SPPC said floating these projects was part of the National Renewable Energy Programme, a key initiative being implemented under the supervision of the Ministry of Energy.
The programme is aimed at helping Saudi Arabia achieve its Net Zero target through the best energy mix of renewable energy resources and gas with 50% for each of them and replacing the fuel used to produce electricity by 2030, in bid to realize goals of the Saudi Vision 2030.-TradeArabia News Service