Saudi Arabia aims to generate 3,300 megawatts of electricity from new projects
Saudi Arabia announced the launch of five new projects to generate electricity from renewable energy, with a capacity of 3,300 megawatts, according to what was published by the official Saudi News Agency (SPA) on Sunday.
The report indicated that the Saudi Energy Procurement Company is entrusted with the implementation of those projects that are scheduled to produce electricity from solar and wind energy.
The five projects come within the fourth phase of the projects of the National Renewable Energy Program, which is supervised by the Saudi Ministry of Energy.
Three of the new electricity generation projects rely on wind energy, while two others rely on solar energy.
The production capacity of wind energy projects is scheduled to reach 1800 megawatts; 700 megawatts of them are produced by a project in Yanbu, while a wind energy project in the Ghat region produces 600 megawatts, while the third project – which is being held in the Waad region – produces 500 megawatts.
In terms of solar energy projects, the production capacity of solar energy projects is expected to reach 1,500 megawatts, distributed over a project in Hanakiya with a capacity of 1,100 megawatts, and a project in Tabarjal with a capacity of 400 megawatts.
Vision “Kingdom 2030”
The launch of these projects comes “within the framework of the Kingdom’s goals to reach the optimum energy mix to produce electricity from renewable energy sources, use gas for 50%, and displace liquid fuel used to produce electricity by 2030, achieving the goals of the Kingdom’s Vision 2030,” according to the Saudi Press Agency. .
The Ministry of Municipal and Rural Affairs announced earlier this week a plan to invest $10 billion in local infrastructure projects.
The Saudi Ministry said that it has allocated 90,000 km to establish infrastructure projects that provide services to about 150,000 housing units in 11 cities, efforts aimed at providing housing for about 750 people.
It also allocated 54,000 km to establish public places, facilities, parks, a road network and a public transport network to serve the population in more than one area.
The National Center for Debt Management in Saudi Arabia announced that the Ministry of Finance signed an agreement in early September with local banks to finance infrastructure projects worth $6.65 billion, which is scheduled to start in 2023-24.
These projects fall under the “Kingdom 2030” vision set by Saudi Crown Prince Mohammed bin Salman with the aim of strengthening the country’s strategic situation, supporting investment forces and placing Saudi Arabia in a distinguished position among the countries of the region.
The launch of renewable energy projects coincides with a global energy crisis due to the war in Ukraine that has continued since the start of the Russian invasion of Ukraine in
Last February, which led to disruptions in the flow of energy products from this important center in Eastern Europe and raised prices to unprecedented levels.