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FinancialNews


  • 26-08-17

    Saudi Arabia to boost renewable energy target

    (MENAFN) Saudi Arabia plans to increase its aim to produce 9.5GW of elect from renewable energy in order to highlight its long-term commitment to green energy.

    Accordingly, the whole idea of this is to give investors a sense of comfort that the country has a long-term vision for renewable energy.

    Furthermore, the government proclaimed its plans to generate 9.5GW of elect from renewable sources a year by 2023 amid 60 projects.

    The energy ministry declined to give more details on when the government predicts to increase the target or other details.

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