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  • stock_trader_00l stock_trader_00l Feb 22, 2013 3:33 PM Flag

    SAudis much smarter than GOP

     

    "Saudi Arabia invites companies to bid for colossal renewables contracts

    Green businesses have welcomed the official launch of Saudi Arabia's massive renewable energy procurement programme, which could see 54GW of new capacity added to the grid by 2032.

    The government-backed K.A. CARE (King Abdullah City for Atomic and Renewable Energy) yesterday unveiled a white paper detailing the tender processes for new solar PV and solar thermal power plants, wind farms, geothermal facilities and waste-to-energy plants.

    The first three rounds of contracts are now expected to be awarded before 2015, with a view to creating more than 7GW of new capacity, the majority of which will come from solar power.

    A smaller introductory round will be launched in the first half of this year solely focusing on concentrated solar power. It will be followed by two larger tendering rounds over the period to 2015 for a range of technologies. "

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