Saudi leads renewable energy developments with $7bn in new tenders

Spread the info

Time: June 23, 2018

Saudi Arabia, the world’s biggest oil exporter, is expected to lead renewable energy developments this year with up to $7 billion worth of new tenders, according to an official from the International Renewable Energy Agency.

“Saudi Arabia has huge potential because it has a big market and has very ambitious renewable energy targets,” said Rabia Ferroukhi, head of policy unit at the Abu Dhabi-based agency “The regulatory environment is well established now to conduct auctions and attract investors.”

This article was first published in The National

If you want more interesting news or videos of this website click on this link The National Home 


Spread the info