FINANCIAL NEWS

Saudi Arabia to boost renewable energy target

26 Aug 2017

(MENAFN) Saudi Arabia plans to increase its aim to produce 9.5GW of elect from renewable energy in order to highlight its long-term commitment to green energy.

Accordingly, the whole idea of this is to give investors a sense of comfort that the country has a long-term vision for renewable energy.

Furthermore, the government proclaimed its plans to generate 9.5GW of elect from renewable sources a year by 2023 amid 60 projects.

The energy ministry declined to give more details on when the government predicts to increase the target or other details.

MENAFN2608201700450000ID1095773723

MENAFN2608201700450000ID1095773723

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