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The most prominent of these agreements is the signing of the “Total Energies“France, agreement with Al Jomaih Power and Water Company to establish a power plant.”Rabigh 2“Solar energy with a capacity of 0.3 GV.”
“As concluded”Saudi Energy Supply Company“Electricity purchase agreement with the company”France Electricity(EDF, Inc.)Investment of electricity” of the Chinese government (SPIC), for the development of two solar power plants with a total capacity of 1.4 GW.
These steps come as part of the Kingdom’s efforts to improve its capabilities on the ground Renewable energyIt aims to achieve a production capacity of up to 130 gigawatts of renewable energy by 2030, compared to less than 5 gigawatts currently.
According to estimates by the International Energy Agency, the Kingdom will contribute about a third of the growth of the renewable energy sector in the Middle East and North Africa region in the next five years.
In addition, an agreement was signed at the forum between “Fund for public investments“Saudi Company, “Saudi Investment Recycling Company”, wholly owned by the Fund, and “Saudi Recycling Company”.VeoliaFrench, with the aim of improving waste management and recycling in the Kingdom.
Competent authorities did not disclose the financial value of these deals, but the Kingdom previously announced that the fifth round of renewable energy projects, which includes a production capacity of up to 3.7 gigawatts, is expected to attract investments of more than 8 billion Saudi Arabia. rials (about 2.1 billion dollars).
It is mentioned that Kingdom of Saudi ArabiaIt works to diversify energy sources and reduce dependence on oil, through large investments in renewable energy projects, including solar and wind energy, as part of the Royal Vision 2030, which aims to achieve sustainable development and diversify the economy.
