SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia inaugurates GCC electricity market connection with Iraq worth $300m

    Saudi Arabia has inaugurated the Gulf electricity market project's connection platform with Iraq, and the electricity exchanged with the neighbouring country could contribute to energy sales volumes reaching up to $300 million annually. The plan is to expand the initiative to other countries, Prince Saud bin Nayef, the governor of Saudi Arabia's eastern province, said during the platform's inauguration at the GCC Interconnection Authority's headquarters in Al Dammam city. “This platform creates opportunities for the Gulf market to facilitate the exchange and trade of electric power among the countries of the Gulf Cooperation Council and the Republic of Iraq,” Yaqoob Saif Al Kiyumi, vice chairman of GCCIA, said in a statement on Wednesday.

  • What Electricity Sources Power the World?

    Coal still leads the charge when it comes to electricity, representing 35.4% of global power generation in 2022, followed by natural gas at 22.7%, and hydroelectric at 14.9%.

  • Saudi Arabia in race against time to achieve 2030 green electricity goal

    The largest Arab economy is in a race against time. It needs to bring online 50 times more renewable power‑generating capacity over the next seven years to meet its ambition of 58.7 gigawatts (GW) of clean electricity generation by 2030, compared to only 1.2 GW as of now. Global Energy Monitor, a US-based nonprofit, estimated that there are plans for 19.3 GW of solar and wind projects in Saudi Arabia as of August, but only 45% of that is under construction.

  • Saudi Arabia in race against time to achieve 2030 green electricity goal

    The largest Arab economy is in a race against time. It needs to bring online 50 times more renewable power‑generating capacity over the next seven years to meet its ambition of 58.7 gigawatts (GW) of clean electricity generation by 2030, compared to only 1.2 GW as of now. Global Energy Monitor, a US-based nonprofit, estimated that there are plans for 19.3 GW of solar and wind projects in Saudi Arabia as of August, but only 45% of that is under construction.

  • Saudi Electricity Company awards $198mn contract for NEOM substation

    Saudi Electricity Company (SEC) has awarded a major contract for the setting up of a 380/132kV substation within the mega futuristic city NEOM in the northwest of Saudi Arabia. The contract worth SR744 million ($198.3 million) for NEOM Mountain BSP was clinched by local firm Al Gihaz Contracting Company. A diversified Saudi company, Al Gihaz boasts more than 40 successful years of providing integrated solutions for conventional energy, renewable energy, communications infrastructure, security services, and entertainment projects.

  • From Egypt to Iran, heatwave compounds Middle East electricity problems, climate change burdens

    Countries like Iraq are particularly susceptible to climate change, as recurring blackouts make it harder to stay cool indoors.

  • Saudi Arabia funds $20m electricity project in Rwanda 

    Saudi Arabia is providing a soft loan of $20 million to fund an electricity project in Rwanda that would help boost the country’s social and economic development, the Saudi Press Agency reported on Tuesday. The agreement was signed between the Saudi Fund for Development’s CEO Sultan Al-Marshad and Rwanda’s Minister of Finance and Economic Planning Ndagijimana Uzziel in the capital, Kigali. The aim is to build a network of medium- and low-voltage lines and power distribution transformers for homes and government social services in Rwanda’s Kamonyi region.

  • France and Saudi Arabia to cooperate on hydrogen and electricity development from renewable resources

    Both countries have decided to join forces in the search for innovative solutions to produce hydrogen in the most effective and competitive way, and to develop its use in industry, mobility, power generation, buildings and other relevant applications. To facilitate this cooperation, a ‘French-Saudi Task-Force’ will be established with the goal of achieving mutually beneficial outcomes in the field of hydrogen and other related domains.

  • Iraq to pay $2.76 bln in gas and electricity debt to Iran

    Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said. Iraqi Foreign Minister Fuad Hussein was given the clearance during a meeting with U.S. Secretary of State Antony Blinken on the sidelines of the Riyadh Conference on Thursday, the foreign ministry source, who spoke on condition of anonymity because he is not authorised to speak to the media, told Reuters reports. .

  • Saudi Minister Of Energy And Iraq’s Minister For Electricity Discusses Electrical Connection Project

    The meeting discussed Saudi Arabia’s pioneering experiences in the field of smart meters and possible ways of transferring this technology to Iraq. It also addressed opportunities for Saudi Arabian and Iraqi companies participating as contractors and manufacturers in developing smart meters.