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ACWA Power commissions 700-MW solar park in Saudi Arabia; First of four planned for 2024
- August 21,2024
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- SUSTG Team
Co-owner ACWA Power has commissioned The 700-MW Ar Rass solar photovoltaic project located in Qassim province, north of Riyadh. The electricity from Ar Rass will go to the national grid under a 25-year offtake agreement with the Saudi Power Procurement Company (SPPC).
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KSA and it’s summer power surge challenge
- August 19,2024
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- SUSTG Team
In terms of oil consumption used for its electricity sector Saudi Arabia matches the entire oil consumption of Italy, Spain or Turkey. The kingdom’s oil for power use spikes over 1 million barrels per day in summer to generate power and water.
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Saudi Arabia leads GCC IPO momentum in Q2 2024
- August 14,2024
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- SUSTG Team
In Q2 2024, the GCC witnessed a significant uptick in IPO activity, with 13 listings raising a combined $2.64 billion. This surge in capital was primarily focused on the healthcare, education, and technology sectors.
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Saudi Solar Power capacity picking up speed
- August 5,2024
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- SUSTG Team
GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035.
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IMG expands partnership with Saudi Pro League and Saudi Arabian Football Federation
- July 25,2024
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- SUSTG Team
The Saudi Pro League (SPL) and Saudi Arabian Football Federation (SAFF) have announced a new five-year production partnership with IMG, a global sports, events, and representation company, for the Roshn Saudi League (RSL), King’s Cup, and Saudi Super Cup, starting from the 2024-25 season.
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Saudi Arabia combats desertification while also reforesting coasts
- July 24,2024
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- SUSTG Team
The National Center for Vegetation Cover Development and Combating Desertification (NCVC) of Saudi Arabia was established in 2014 by the Council of Ministers to manage and invest in the country’s vegetation cover and combat desertification.
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Saudi Green Lights Three Solar Projects Totaling 5.5 GW
- June 28,2024
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- SUSTG Team
The Saudi Power Procurement Company signed power purchase agreements for solar projects with a combined capacity of 5.5GW. The projects include the Haden solar PV plant (2GW), the Al-Muwaih Solar PV plant (2GW) in the Mecca Province, and the Al-Khushaybi PV project (1.5GW) in the Qassim Province.
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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MUST-READS
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In collaboration with Transport General Authority: first hydrogen-powered taxi pilot project launched in Saudi Arabia featuring Toyota Mirai
The Transport General Authority (TGA), Abdullah Hashim Industrial Gases & Equipment (AHG), Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, and Toyota Motor Corporation (TMC) have launched a seven-day trial of the Toyota Mirai, a cutting-edge, hydrogen-powered fuel cell electric vehicle (FCEV), as part of a taxi fleet in Jeddah. A first-of-its-kind in Saudi Arabia, the initiative commenced on 20 October and is aimed at assessing the viability of hydrogen as a zero-emission fuel source for Saudi Arabia’s public transportation system, furthering the Kingdom?s ambitions for sustainable and environmentally friendly transportation solutions.
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Saudi Arabia can achieve clean water entirely by renewable energy-powered desalination, executives say
A nationwide supply of clean water produced entirely by renewable energy-powered desalination in Saudi Arabia is possible, according to top industry executives. Mohammed Al-Hajjaj, CEO of Engie Saudi Arabia, spoke to Arab News about how advances in technology and affordability meant that fully renewable desalination is a possibility. “In recent years, we have seen significant advances in energy storage, making it not only feasible and practical, but also increasingly affordable,” he said on the sidelines of the Solar & Storage Live KSA exhibition in Riyadh on Wednesday.
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Gulen, the powerful cleric accused of orchestrating a Turkish coup, dies
The U.S.-based cleric Fethullah Gulen, who built a powerful Islamic movement in Turkey and beyond but spent his later years mired in accusations of orchestrating an attempted coup against Turkish leader Tayyip Erdogan, has died. He was 83. Herkul, a website which publishes Gulen's sermons, said on its X account that Gulen had died on Sunday evening in the U.S. hospital where he was being treated. Gulen was a one-time ally of Erdogan but they fell out spectacularly, and Erdogan held him responsible for the 2016 attempted coup in which rogue soldiers commandeered warplanes, tanks and helicopters. Some 250 people were killed in the bid to seize power.
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AI is powering Saudi Arabia’s next wave of economic growth: Video
Saudi Arabia is betting big on AI to power its post-oil future, with the technology set to inject over $135 billion into the economy by 2030.
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Saudi Arabia’s ACWA Power, Turkey Discussing Energy Investment
Saudi Arabia’s ACWA Power Co. is in talks with Turkey about investing in the country’s green-energy industry, according to Turkish officials familiar with the negotiations. Turkey’s Vice President Cevdet Yilmaz told a local news channel over the weekend that a “Saudi-owned company” had expressed interest in investing $5 billion in energy and other sectors. The talks are between ACWA Power and the Ministry of Energy and Natural Resources, the officials said, asking not to be identified because the matter is private. It’s not clear how far those talks have advanced.
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Adidas collabs with Saudi influencers to champion female empowerment
Adidas partnered with TikTok influencer Eleen Suliman, Saudi footballers Zara Al-Saif and Mariam Benkirane, and Saudi tennis star Yara Alhogbani to campaign for the opening of the first-ever adidas women's store in the Kingdom.
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Saudi Arabia launches tender for 4.5 GW of wind power and photovoltaic projects
Five projects are being tendered, spread across four of the kingdom’s provinces. These include: 1,500 MWac Dawadmi Wind IPP to be located in Riyadh province. 1,400 MWac Najran Solar PV IPP to be located in Najran province. 600 MWac Samtah Solar Photovoltaic (PV) IPP to be located in Jizan province. 600 MW Ad Darb Solar Photovoltaic IPP to be located in Jizan province. 400 MW As Sufun Solar Photovoltaic IPP to be located in Hail province. Saudi Arabia’s NREP aims to boost the share of renewable energy generation in the country. The kingdom is targeting a 50 percent contribution in RE generation in its power mix by 2030.
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Saudis put on show of soft power as Wembley turns green and white
Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.
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The Complex Reality of Great Power Competition in the Middle East
Today’s Middle East and North Africa (MENA) region is at the core of the competition between the United States and its great power rivals, China and Russia. China has grown increasingly preoccupied with securing energy supplies from the Gulf. Russia has been invested in protecting the few allies it has in the region and in disrupting the U.S.-led regional security architecture.
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Saudi Arabia launches Tamkeen Initiative to empower tech professionals in MSMEs
The Ministry of Communications and Information Technology has partnered with the National Technology Development Program (NTDP) to launch the Tamkeen Initiative, which aims to empower Saudi technical professionals in micro, small, and medium-sized enterprises (MSMEs).
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