(MENAFN- Trend News Agency)
Saudi Arabia announced the launch of five new projects to
produce electricity using renewable energy, the official Saudi
Press Agency (SPA) reported on Sunday, Trend reports citing Al
Arabiya .
SPA added that the projects were launched by the Saudi Power
Procurement Company as part of the fourth stage of the National
Renewable Energy Program (NREP), which is under the supervision of
the Ministry of Energy.
The scheme will include three projects to produce power through
wind with a capacity reaching 1,800 megawatts and two projects to
produce power through solar energy reaching a capacity of 1,500
megawatts, reaching an overall capacity of 3,300 megawatts, SPA
added.
The NREP, according to a statement on the Ministry of Energy's
website, aims to maximize the use of renewable energy in Saudi
Arabia that comes hand-in-hand with Vision 2030.
One of the main goals of Vision 2030 is for the contribution of
renewable energy to reach up to 50 percent of the overall energy
mix by 2030.
“The NREP program sets out an organized and specific road map to
diversify local energy sources, stimulate economic development and
provide sustainable economic stability to the Kingdom in light of
the goals set for Vision 2030, which include establishing the
renewable energy industry and supporting the advancement of this
promising sector while working to fulfill the Kingdom's commitments
to reducing carbon dioxide emissions,” the statement said.
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