$50B Project Could Make Saudis Major Renewable Energy Exporters

[OKIsItJustMe]

http://oilprice.com/Latest-Energy-News/World-News/50B-Project-Could-Make-Saudis-Major-Renewable-Energy-Exporters.html

[font face=Serif][font size=5]$50B Project Could Make Saudis Major Renewable Energy Exporters[/font]

By Damir Kaletovic - Jan 19, 2017, 5:55 PM CST

[font size=3]Saudi Arabian Energy Minister Khalid Al-Falih says the Kingdom has designs of becoming a “major exporter” of renewable energy, targeting the European market for starters.

“If the region gets connected to Europe for example, then solar (power) that is produced in Saudi Arabia can be exported all the way to Europe through a network,” Al-Kalif told the World Economic Forum meeting in Davos.

“When it’s sunny in the region, it’s dark and cloudy sometimes in Europe… So we can be a major exporter. “

…

“The projects are aimed to reach a capacity of 10 gigawatts by 2023 and will cost between US$30 and US$50 billion” Al-Falih said, adding that they will include solar and wind power projects. “Ten gigawatts is only the beginning,” he said.

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http://www.breakbulk.com/ale-supports-saudi-push-wind-power/

[font face=Serif]
January 20, 2017

[font size=5]ALE Supports Saudi Push For Wind Power[/font]

[font size=3]Project cargo specialist ALE has transported one of the first wind turbine blades in Saudi Arabia, as part of the Saudi Vision 2030 strategy for renewable energy.

Saudi Arabia is expected to start issuing tenders for new wind projects in the next few weeks as part of an estimated US$30 billion to US$50 billion investment program, a strategy that is expected to drive significant breakbulk demand across the country.

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“These wind turbines will be the first ever to be constructed in the country. Making this a milestone project not only for ALE, but for Saudi Arabia,” a spokesperson for ALE said.

State-run energy firm Saudi Aramco has already started work developing a number of wind farm project in partnership with GE. The first wind turbine in the country was commissioned this month in Turaif in northwestern Saudi Arabia, providing electricity directly to a Saudi Aramco bulk plant.

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[PatrickforO]

1. Interesting. I wouldn't be surprised if the US now begins a propaganda

campaign against the House of Saud and ends up forcing a regime change who will instead uphold US (read big gas and oil) interests.

We do have a history of that...

[physioex]

2. Possibly....

But electric cars are coming, and it can't be stopped.