Saudi Arabia needs to invest hundreds of billions of dollars for power by 2030

Posted on:
Key Points

Saudi Arabia will need to attract investment in the hundreds of billions of dollars this decade to expand renewable energy and natural gas-fired electricity to meet its generation capacity targets, according to the head of Riyadh-based ACWA Power Co...

The project will require building 60 to 80 gigawatts of power plants using renewable sources like wind and solar and about 30 GW of gas-fired plants, ACWA Power Chief Executive Officer Marco Arcelli said in an interview in the Saudi capital..

ACWA Power is mandated to take part in developing 70% of Saudi Arabias renewable energy needs...

Full story at Economic Times | 

You might be interested in

Renewables to form 65% of new power capacity: Official

18, Apr, 23

40-45 GW total capacity addition likely in FY24

Read at Financialexpress Key Points

Australia to significantly bolster green energy investment

23, Nov, 23

The country's climate minister said he wants to avoid energy shortfalls caused by coal power plants going offline before new alternatives are available.

Read at Hindustan Times Key Points

India can be part of renewable power deal after terms bargain

03, Dec, 23

India Business News: India's commitment to increase non-fossil power capacity by 2030, in line with the Paris Agreement, is balanced with its priority to lift millions out

Read at Times Of India Key Points