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FinancialNews


  • 17-01-18

    Saudi Arabia to begin USD7bn renewable energy projects

    (MENAFN) Saudi Arabia plans to initiate renewable projects in 2018 at a worth of up to $7 billion.

    The Renewable Energy Project Development Office chief Turki Mohammed Al Shehri declared tenders to be issued for starting on eight projects amounted to a capacity of 4.125 gigawatts with expenses at $5-7 billion.

    The chief also confirmed Saudi 2018 projects are to cover 3.3 gigawatts of solar photovoltaic power as well as 800 megawatts of wind.

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