Saudi Arabia enhances electricity generation from renewable energy
The second highest rate in the world
The platform said that the West Asian region recorded the second highest rate in the world in increasing the ability to generate renewable energy after China.
By the new year 2025, the ambitions of Saudi Arabia are confirmed in terms of renewable energy through which it seeks to maximize its renewed and traditional sources.
A rapid transformation towards renewable energy
In confirmation of the rapid shift towards renewable energy sources in Saudi Arabia, the Saudi Aramco Company, the largest oil company in the world, declared a joint project that is scheduled to start the production of lithium, the main component of batteries early in 2027.
This is not considered in Riyadh and in the Gulf states, such as coincidence, Saudi Arabia, the UAE and their neighbors in the Arabian Gulf are rapidly increasing their use of renewable energy, aware of economic opportunities from harnessing solar panels and air mills.
Competition for clean energy projects
Among the most prominent regional companies such as “Masdar”, “Aqua Power” Saudi Arabia are Asian companies such as “South Korean Kepco”, Japanese “Jerra”, “Jenko Power” Chinese and European companies “EDF” and “Total” among other companies that are among the most active in the region and are strongly competing for the contracts for building renewable energy projects in the Persian Gulf.
Masdar Renewable Energy Company announced in a huge commercial exhibition in Abu Dhabi that it will build a solar power plant at a cost of 6 billion dollars and a 5 giga -energy card and will be supported by more than 19 gigawatts per hour from storing batteries.
Within two years, when the project is ready, it will give the Gulf state enough energy to operate more than 700,000 homes, according to the British Financial Times.
Saudi Arabia and the Arab Gulf states
According to the International Renewable Energy Agency (Irina), the West Asia region – which includes the Arab Gulf region, as well as countries such as Iran, Iraq, Lebanon, Jordan and Syria – possesses less than 1% of the global ability of renewable energy.
However, this region is the second fastest growing region in terms of adding absorptive capacity in the world after China.
The credit for this achievement is largely due to Saudi Arabia and the Arab Gulf states.
Class of renewable energy sources
According to the data of the “Restad” consulting company in the field of energy, it is expected that renewable energy sources will constitute 30% of the total energy production capacity in countries: Saudi Arabia, the Emirates, Bahrain, Iraq, Kuwait, Oman and Qatar within five years, according to the Financial Times. Several major projects have already been announced.
Also read: The most prominent achievements of the renewable energy sector in Saudi Arabia
Electricity generation goals in Saudi Arabia
For example, the Kingdom of Saudi Arabia aims to generate 50% of its electricity from renewable sources by 2030.
To achieve this goal, the country needs to install 130 GB of renewable energy in the coming years, which is enough to operate about 25 million homes.
However, Kuwait granted a contract last July to the American engineering company “KBR” to develop 17 GB of renewable energy capacity, enough to supply about 500,000 houses with energy.
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In addition, Kuwait plans to produce 25 GB of green hydrogen by 2050.
Factors support renewable energy
The motivation behind renewable energy also feeds with aspirations to build artificial intelligence databases and emerging plans for the production of “green” hydrogen – a transitional fuel that is analyzed electrically using renewable energy – and export it to other countries where high energy prices make it unemployed.
Both Saudi Arabia and the UAE have long been working on their abundant reserves of fossil fuels and planning to increase oil and gas production significantly in the coming years and in an innovative way, during this to enormous economic diversification.
Economic benefit
About this, Figard Wake Volsit, head of the Renewable Energy Department at Restad, commented: “They (Saudi Arabia and other Gulf countries) now have a large amount of strength and a savings of oil and gas, so they are trying to become less dependent on one source of energy.”
He added: “This is also an economic benefit because they already have the best conditions for solar energy for almost anywhere in the world. If you can obtain electricity cheaper than the cost of gas, you can export gas and achieve greater saving.”
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