• 5 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 7 minutes Can LNG Kill Oil?
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes US Shale: Technology
  • 9 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 3 hours CoV-19: China, WHO, myth vs fact
  • 3 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 13 hours Blowout videos
  • 4 hours Has Trump put the USA at the service of Israel?
  • 18 hours Democrats Plan "B" Bloomberg Implodes. Plan "C" = John Kerry ?
  • 3 hours Oil Stocks
  • 2 days Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 2 hours Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days Natural Gas
  • 2 days Cheap natural gas is making it very hard to go green
  • 2 days Energy from thin air?
Oil Prices Fall As OPEC+ Refuses To Act

Oil Prices Fall As OPEC+ Refuses To Act

Oil prices fell on Friday…

Canada Rocked By Anti-Pipeline Protests

Canada Rocked By Anti-Pipeline Protests

Protests against Canada’s new Coastal…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Saudi Arabia Launches its 54GW Renewable Energy Program

Saudi Arabia Launches its 54GW Renewable Energy Program

Saudi Arabia has finally launched its massive renewable energy procurement program which will see a planned 54GW of renewable energy capacity installed by 2032, and turn Saudi Arabia into one of the largest green energy producers in the world.

The King Abdullah City for Atomic and Renewable Energy (KA CARE) has recently released details of the process which will reward tenders to successful companies for the development of PV solar farms, concentrated solar plants, wind farms, geothermal plants, and waste-to-energy plants.

Of the proposed 54GW, the majority will be solar power with 16GW of PV cell capacity, and 35GW to be generated by concentrated solar thermal. 9GW of wind power will be installed, 3GW of waste-to-energy, and 1GW of geothermal power.

Related article: A Look at the Development of China's Renewable Energy Sector

CK CARE hope that solar power, along with storage, will cover the energy needs during the day, while geothermal, waste-to-energy, nuclear, and wind can cover the demands at night.

The first three rounds of contracts will be awarded by 2015, worth around $10 billion, and a total estimated capacity of 7GW. The first round will begin in the first half of this year and focus entirely on concentrated solar power. Two larger rounds will then take place in the second half of the year and during 2014.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News