عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Energy Minister, German State Secretary Discuss Climate Action, Clean Energy

Photo by SPA
Photo by SPA
TT
TT

Saudi Energy Minister, German State Secretary Discuss Climate Action, Clean Energy

Photo by SPA
Photo by SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz met Wednesday in Riyadh with State Secretary and Special Envoy for International Climate Action at the Federal Foreign Office of Germany Jennifer Lee Morgan.
During the meeting, the two ministers discussed topics of mutual interest in the field of climate action and explored prospects of cooperation in the areas of clean energy and clean technologies, aiming to strengthen bilateral relations and achieve the goals of the Paris Agreement, the United Nations Framework Convention on Climate Change (UNFCCC), and the outcomes of its Conferences of Parties, SPa reported.
The two sides also reviewed Saudi Arabia’s efforts in renewable energy, clean energy technologies, clean hydrogen, energy efficiency, and emission management within the Kingdom's endeavors to lead the energy transition through local and regional initiatives, including the Saudi Green Initiative and the Middle East Green Initiative.

Most Viewed

 
 
Business

Saudi Energy Ministry, PIF Launch 3 Joint Projects on Localization of Renewable Energy Components

The agreements are the result of the ongoing cooperation between the Ministry and PIF to localize renewable energy components and achieve the goals of Saudi Vision 2030. (SPA)
The agreements are the result of the ongoing cooperation between the Ministry and PIF to localize renewable energy components and achieve the goals of Saudi Vision 2030. (SPA)
TT
TT

Saudi Energy Ministry, PIF Launch 3 Joint Projects on Localization of Renewable Energy Components

The agreements are the result of the ongoing cooperation between the Ministry and PIF to localize renewable energy components and achieve the goals of Saudi Vision 2030. (SPA)
The agreements are the result of the ongoing cooperation between the Ministry and PIF to localize renewable energy components and achieve the goals of Saudi Vision 2030. (SPA)

Saudi Arabia’s Ministry of Energy, in collaboration with the Public Investment Fund, participated on Tuesday in the signing of three new agreements to boost the localization of renewable energy industries in the Kingdom.

The agreements are the result of the ongoing cooperation between the Ministry and PIF to localize renewable energy components and achieve the goals of Saudi Vision 2030.

The agreements cover the fields of wind turbines, solar cells and panels, and solar wafers and ingots.

An agreement was signed with Envision Energy and Vision Industries Company to localize the production of wind turbines and their components in the Kingdom, aiming to establish a joint project with a production capacity of up to 4 gigawatts annually.

An agreement was also signed with Jinko Solar and Vision Industries Company to localize the production of high-efficiency solar cells and panels with a production capacity of up to 10 gigawatts annually.

Additionally, an agreement was signed with a subsidiary of TCL Zhonghuan Renewable Energy Technology and Vision Industries Company to localize the production of wafers and ingots used in solar panels with a production capacity of up to 20 gigawatts annually.

The projects aim to bolster local supply chains, meet the increasing demand for renewable energy both locally and internationally, and contribute to achieving national renewable energy goals.

The agreements will contribute to localizing the latest technologies within the renewable energy sector and achieving the goal of localizing 75% of renewable energy projects in the Kingdom by 2030 in line with the National Renewable Energy Program.

The projects will enable Saudi Arabia to transform into a global hub for exporting renewable energy technologies.