Re­new­ables on the rise

The Africa Report - - BRIEFING -

Crude-de­pen­dent Saudi Ara­bia in­tends to di­ver­sify its econ­omy away from oil and gas amidst the cur­rent down­turn in prices. En­ergy min­is­ter Khalid Al-falih an­nounced in Jan­uary that the gov­ern­ment is launch­ing a bid­ding round for ini­tial projects that will be part of a re­new­able en­ergy pro­gramme worth as much as $50bn. The first slate of projects should gen­er­ate 700MW. The coun­try has few op­er­a­tional re­new­able projects and is also bet­ting big on nu­clear power, as con­trac­tors are now work­ing on the de­sign of two re­ac­tors that will pro­duce 2.8GW in to­tal.

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