Saudi Arabia receives four bids for $500 mn wind farm

      Published on Monday, 30 July , 2018      14 Views     
Saudi Arabia receives four bids for $500 mn wind farm

  • Science & Technology

Saudi Arabia has received bids from four consortiums competing to build a $500 million Saudi wind farm project, officials said Wednesday, as the world’s top oil exporter pushes to diversify its energy sector.

France’s EDF Energies Nouvelles placed the lowest bid for the 400-megawatt Dumat al-Jandal wind project in the northern Al Jouf province, while the second lowest was submitted by the French firm ENGIE, the Saudi energy ministry said.



Saudi Arabia’s ACWA Power and Italy’s Enel Green Power were among the other pre-qualified bidders for what is billed as the country’s first utility-scale wind energy project, part of the government’s reform plan to wean the kingdom off oil.

The winning bid is set to be announced on December 18, the ministry added.

“The kingdom’s first utility-scale wind project opens a new chapter in our journey towards a diversified energy mix,” Saudi energy minister Khalid al-Falih said in a statement.

“The development of a wind energy industry in Saudi Arabia is an important component of our wider industrial diversification strategy.”

The project will generate power to supply up to 70,000 Saudi households, he added.

The Saudi national energy programme aims to raise the share from renewables to 3.45 gigawatts in 2020 and up to 9.5 GW three years later.

Saudi Arabia and other Gulf monarchies have been looking into ways to cut their energy bills and diversify their power sources away from oil, their main export commodity.

Virtually all of Saudi Arabia’s power currently comes from crude or refined oil and natural gas.

Earlier this year Crown Prince Mohammed bin Salman unveiled plans to develop the globe’s biggest solar power project for $200 billion in partnership with Japan’s SoftBank group.



The memorandum of understanding seeks to produce up to 200 gigawatts of power by 2030 —- about 100 times the capacity of the current biggest projects.

Keywords:
Category Science & Technology | 2018/07/30 latest update at 7:00 PM
Source : Internet | Photocredit : Google
15 Views
Comments Add comment



Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Bahraini crown prince meets Saudi officials in Riyadh King

Bahraini crown prince meets Saudi officials in Riyadh

Bahrain Crown Prince Salman bin Hamad Al-Khalifa held talks with Saudi officials in Riyadh this week. His visit…

King Salman: Iran creates chaos devastation in the region Gulf TV, Saudi Arabia

King Salman: Iran creates chaos devastation in the region

SaudiArabia’s King Salman said that #Iran creates chaos and devastation in the region, interferes in surrounding countries’ internal…

Saudi Arabia King Salman meets president of Niger at Riyadh palace King

Saudi Arabia King Salman meets president of Niger at Riyadh palace

King Salman met the President of Niger, Mahamadou Issoufou, at his palace in Riyadh on Monday. The leaders held talks on boosting…

King Salman unveils $35.6 billion project for industrial city King

King Salman unveils $35.6 billion project for industrial city

Boosting the country’s mining infrastructure, Saudi Arabia has unveiled a SAR 86 billion ($35.6bn) project, Wa’ad Al Shamal,…

GULF TV

Popular in GULF TV

PIRELLI “DREAMING” – THE CAL 2019 making of Full Version | Fashion Channel

1703 Views

A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government