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Monday, 16 January 2017

Saudi Arabia seeks $30bn-$50bn solar and wind energy investment

Saudi Arabia seeks $30bn-$50bn solar and wind energy investment:

"Saudi Arabia will “within weeks” start issuing tenders for a big solar and wind power programme that envisages investment worth $30bn-$50bn by 2030, the country’s oil minister said on Monday. The oil-rich kingdom was also in the early stages of feasibility and design proposals for the country’s first commercial nuclear power stations, with capacity of 2.8 gigawatts, added Khalid al-Falih. “There will be significant investment in nuclear energy,” he said at a renewable energy event in Abu Dhabi. Mr Falih gave no further details on the programme’s timeframe and cost."

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