NRG Matters – Saudi Arabia set to double capacity in renewable tenders

Mon, 2022-07-25 17:02

RIYADH: Saudi Arabia is set to double the capacity amount in renewable tenders this year and the Middle East’s rapid growth in mostly solar and wind projects in 2023.

This comes as the Kingdom, along with other crude producers, promotes oil production for export as European countries look for alternatives to Russian fuel.

This could be an incentive for Saudi Arabia to accelerate renewable installations, said Miguel Brito, a low carbon electricity analyst at Platts Analytics.

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