Saudi Arabia Steps Up Renewable Energy Projects

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabia is embracing the energy transition by adding more renewables in its power mix. The biggest development in this direction was setting up the National Renewable Energy Program (NREP) in 2017, a strategic initiative under Vision 2030 and King Salman's Renewable Energy Initiative. Recently, the Kingdom gave approval for 3.3 gigawatts (GW) of renewable energy projects. The capacity of wind is expected to be 1.8 GW, followed by solar with 1.5 GW.

Projects approvals included the massive 1.1-GW Madinah East solar power station in Medina, which is planned to start construction in 2024. The project is expected to be completed in 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the detailed report.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).