Oil exporter Saudi starts hunt for solar, wind firms

February 20, 2017
Saudi Minister of Energy, Industrial and Mineral Resources, Khaled al-Falih, said the kingdom will begin its plan to wean itself off oil

The world's biggest oil exporter on Monday took the first step towards a goal of generating 9.5 GW of energy through solar and other renewable means.

It invited local and international firms to try to qualify for bidding on two projects.

One is for 300 MW of to be built in Al-Jouf province, in the kingdom's north.

The second is for a 400 MW wind power development in Tabuk, northwestern Saudi Arabia, the ministry said in a statement.

Government estimates say Saudi peak energy demand is expected to exceed 120 gigawatts by 2032.

Virtually all of the kingdom's power currently comes from crude, refined oil or natural gas.

But as part of the Vision 2030 economic reform plan to wean the kingdom off oil, it has set a target of 9.5 GW of renewable energy by 2023.

"This marks the starting point of a long and sustained program of renewable energy deployment in Saudi Arabia," Khaled al-Falih, Minister of Energy, Industry and Mineral Resources, said in the statement.

He said this will not only diversify the kingdom's mix but will also catalyse economic development.

Reaching the 9.5 GW target will cost between $30 billion and $50 billion, Falih said last month.

Companies will have until March 20 to file documents for bidding pre-qualification. Those which are successful will be announced by April 10.

Formal proposals can then be presented until July, the ministry said.

Explore further: Saudi minister hails 'bold' fund deal with Japan's SoftBank

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6 comments

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gkam
1 / 5 (6) Feb 21, 2017
They understand how oil is a drug for industrial economies, and like a smart pusher, do not want to become hopelessly addicted to it, . . like us.
WillieWard
2.3 / 5 (3) Feb 21, 2017
They know that intermittent renewables represent no menace for their business (mainly in the transportation sector), and help to put their main competition (carbon-free nuclear power) out of business.
barakn
not rated yet Feb 22, 2017
Their main competition in the transportation sector is nuclear power? I hate to break it to you, but the fusion-powered flying car in the Back to the Future movies isn't real.
gkam
1 / 5 (5) Feb 22, 2017
"They know that intermittent renewables represent no menace for their business (mainly in the transportation sector), . . "
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Sorry, wrong again. The symbiosis between PV and EV is too good to pass up.

It will become the new "thing", to make your own clean and cheap house power and horsepower, and not have to buy it.

WillieWard
5 / 5 (1) Feb 22, 2017
"What's new is old - An electric car charging in 1919. The company struggled and closed down in 1939"
https://s-media-c...f567.jpg
http://www.pbs.or...ine.html
"Renewable Energy is all Firsts:"
"First battery 1749"
"First solar cell 1877"
"First windmill generator 1887"
"Unreliables are a very mature technology, no matter the propaganda do expect any major breakthroughs. We need to go with what we have and find real scalable solutions."
https://pbs.twimg...A4Q1.jpg
"Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy." - Dr. James Hansen(climate scientist)
WillieWard
5 / 5 (1) Feb 22, 2017
Their main competition in the transportation sector is nuclear power?
Nuclear-powered aircraft carriers(e.g. Minitz 194 MW 20 years without refueling), icebreakers and submarines are real, safe, and carbon-free.
"World's 15 Biggest Ships Create More Pollution Than All The Cars In The World"
"just one of the world's largest container ships can emit about as much pollution as 50 million cars. Further, the 15 largest ships in the world emit as much nitrogen oxide and sulphur oxide as the world's 760 million cars."
http://www.indust...rld/8182
https://scontent-...58B418FC
https://pbs.twimg...fYrP.jpg
Where are the wind-powered ships? In the medieval ages.

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