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Saudi Arabia plans to issue fresh tenders to generate 15,000 MWs capacity of electricity with the renewable energy projects in 2022 and 2023 said Energy Minister Prince Abdul Aziz bin Salman of the kingdom.
These projects are a part of the government’s strategy to expand the usage of renewable energy sources in the energy mix of the country. The kingdom also plans to reduce the usage of crude oil in generating power.
“We have plans to issue tenders for new renewable energy projects with a combined capacity of around 15,000 MW during 2022-2023 within our strategy to increase reliance on renewable and cut crude oil consumption in power generation,” he said.
He added, “This will allow us to shift from the use of liquid fuels in electricity production to cleaner sources, mainly natural gas and renewable energy.”
Recently, Jinko Power Technology Co., Ltd, (the “Company” or “JinkoPower” announced that it was awarded the Saad 300MWp Solar PV Project in the recent public auction for Round 3 Category “B” solar PV projects by Saudi Arabia’s Ministry of Energy.