Climate Changed
Saudi Arabia Plans Up to $7 Billion of Renewable Energy Projects This Year
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Saudi Arabia expects to start up to $7 billion of renewable energy projects this year, with solar plants leading the way.
Tenders will be issued this year for eight projects totaling 4.125 gigawatts of capacity, Turki Mohammed Al Shehri, head of the kingdom’s Renewable Energy Project Development Office, said Tuesday in an interview in Abu Dhabi. The cost will be $5 billion to $7 billion, he said.