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Saudi Arabia Launches $50B Renewable Energy Plan

by hydrogenfuelnews.com posted 1year ago 541 views
Saudi Arabia has launched an ambitious renewable energy plan&nbsp;<a href="https://www.bloomberg.com/news/articles/2017-02-20/saudis-kick-off-50-billion-renewable-energy-plan-to-cut-oil-use" rel="nofollow">in order to curb domestic consumption of oil and accommodate a growing demand for electricity</a>. The government has introduced a $50 billion plan, which calls for a greater focus on both solar and wind power. Now, energy developers are being asked to bid on some 700 megawatts worth of solar and wind projects, with documents concerning these projects having to be submitted by March 20 of this year.