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FINANCIAL NEWS
Saudi Aramco, Japan’s Showa Shell to produce solar cells
05 Oct 2011
(MENAFN) Saudi Aramco’s chief executive, Khalid Al-Falih, said that in 2-3 years, the company would start producing solar cells in the Kingdom in a joint venture with Showa Shell Sekiyu KK, a Japanese thin-film solar cell maker, reported Reuters.
Al-Falih added that the two companies inked a deal two years ago to establish small-scale pilot solar-power facilities in Saudi, moreover, in 2011; Saudi Electricity Co. (SEC) and the Japanese company inaugurated a 500-kilowatt (kW) solar power plant in the Kingdom.
He also said that Saudi Aramco owned 15 percent of Showa Shell, whereas Royal Dutch Shell owned one-third of the company, furthermore, Showa Shell considered constructing a fourth solar cell plant in Saudi.
It is worth noting that Saudi plans to build nuclear and renewable power plants in order to cut its use of fossil fuels.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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