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

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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

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