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Saudi Arabia Aims to Develop New Plant to Localize Wind Energy

NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
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Saudi Arabia Aims to Develop New Plant to Localize Wind Energy

NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)

The Saudi Public Investment Fund (PIF) and China’s second-largest wind turbine manufacturer are close to a deal to develop a new plant in the Kingdom to help boost renewable power production by building a wind turbine manufacturing plant in Saudi Arabia as part of the country’s efforts to localize supply chains.

The Saudi sovereign wealth fund and Vision Industries, a privately owned renewable-energy manufacturing company, could sign an agreement with Envision Energy Co., as soon as this week, Bloomberg said on Monday, quoting people familiar with the matter.

The deal would involve the PIF, which controls nearly $1 trillion of assets, and the two other partners building a wind turbine manufacturing plant in Saudi Arabia as part of the Kingdom’s efforts to localize supply chains, according to the people.

Envision is expected to be the majority investor in the partnership, they said, declining to be named discussing confidential information.

Envision already has significant business in Saudi Arabia, which is investing billions of dollars in renewables to stop burning oil for power.

The Chinese firm supplies wind turbines for the almost $9 billion Neom Green Hydrogen Co., which will use 4 gigawatts of solar and wind power to create clean hydrogen.

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United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
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United States Imports Eggs from Korea, Türkiye to Help Ease Prices

Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)
Carton of eggs are seen in a box during a free eggs give away in New York City, on March 21, 2025. (Getty Images/AFP)

The United States is importing Turkish and South Korean eggs to ease an avian flu-fueled supply crunch that has pushed up prices across the country, Donald Trump’s agriculture secretary confirmed Friday.

Brooke Rollins told reporters in Washington that imports from Türkiye and South Korea had already begun and that the White House was also in talks with other countries about temporarily importing their eggs.

“We are talking in the hundreds of millions of eggs for the short term,” she added.

The cost of eggs has skyrocketed due to multiple bird flu outbreaks in the United States, forcing farmers to cull at least 30 million birds and sharply constraining supply.

On the political battlefield, egg prices became an unlikely rallying point for Trump on the campaign trail as he sought to capitalize on voters’ frustrations with the rising cost of essential items during his predecessor Joe Biden’s presidency.

After returning to office in January, Trump tasked Rollins with the job of boosting the supply of eggs, and bringing down prices.

In the weeks since, producers in several countries have reported American interest in their produce, with the Polish and Lithuanian poultry associations telling AFP that they had been approached by US diplomatic staff on the hunt for fresh eggs.

“There is a shortage of eggs in many countries,” Katarzyna Gawronska, director of the Poland’s National Chamber of Poultry and Feed Producers, said recently. “The key question would be what financial conditions would be offered by the Americans.”

Speaking to reporters on Friday, Rollins said that imports of eggs would be time-limited, and would stop once US poultry farmers were able to ramp up supply.

“When our chicken populations are repopulated and we’ve got a full egg laying industry going again, hopefully in a couple of months, we then shift back to our internal egg layers and moving those eggs out onto the shelf,” she said.