NRG Matters – Saudi Arabia set to double capacity in renewables tenders

RIYADH: Saudi Arabia is set to double the capacity amount in renewables tenders this year and in 2023 in preparation for the Middle East’s faster growth in mostly solar and wind projects. 

This happens as the Kingdom, alongside other crude producers, boosts oil production for export as European countries seek an alternative to Russian fuels.

This could be an incentive to get Saudi Arabia to accelerate renewable installations, said Miguel Brito, low carbon electricity analyst at Platts Analytics.

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