Saudi Arabia has clean power ambitions
Riyadh expands green horizons
Saudi Arabia’s renewables ambitions extend beyond mere domestic electricity provision
Two apparently disparate events in early June testified to gathering momentum behind the twin strands of Riyadh’s clean energy strategy. Developers pitched to install 1GW of solar photovoltaic (PV) capacity under the delayed third round of a central government-led renewable power procurement programme typical of those being executed across the Mid-East Gulf. Two days earlier, local energy titan Acwa Power entered a domestically novel agreement whereby biofuels will power the entire transport network of one of the vast greenfield real-estate projects under development by the Kingdom’s sovereign wealth fund (SWF) on the sparsely populated Red Sea coast—each aspiring to new heights of ‘sustaina
Also in this section
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
8 January 2025
If they are ambitious enough, NDCs can provide investable pathways to deliver each country’s energy transition and keep the world on track to limit global warming
2 January 2025
The hurdles standing in the way of rapid move away from fossil fuels are proving harder to clear than first thought
31 December 2024
Governments, developers, investors and lenders are keen to support and scale up cutting-edge energy transition projects, but funding such projects will require innovative financing and strategic collaboration
