Saudi’s Solar Energy Will Equal Its Oil Exports, Al-Naimi Says

Saudi Arabia plans to generate solar electricity equaling the amount of its energy from crude exports, Oil Minister Ali Al-Naimi said.

Saudi Arabia, the world’s largest oil exporter, has the potential by 2020 to produce enough solar power to meet more than four times global demand for electricity, al-Naimi said yesterday in a speech in Krakow, Poland, posted on the Saudi Press Agency website.

Saudi Arabia and other Persian Gulf oil producers are boosting power supplies to service growing economies and populations. They are also looking for ways to use less of their exportable oil and gas as fuel for power stations.

The Kingdom may need to burn as much as 3 million barrels of oil a day by 2020 if it doesn’t improve efficiency. That’s up from 800,000 barrels of oil equivalent now to generate power facilities that are under development, Ziyad Al Shiha, the executive director of Saudi Aramco Power Systems, told reporters on May 15 at a conference in Dhahran, Saudi Arabia.

Al-Naimi said that Saudi Aramco is planning to build the Kingdom’s biggest solar energy plant that would produce 10 megawatts of power.

bloomberg.com

Same Category

Clean energy brings stable electricity supply to Truong Sa Archipelago

02/11/2022

Energy shifting towards a green economy 07/10/2021
Reduce your energy bills this fall with these tips 28/09/2021
Looking to save on your energy bill? Here are some easy tips 28/09/2021
10 ways to save water at home 26/09/2021

Saving electricity – Practical tips that cut through the noise 26/09/2021

Power is essential for lighting and running appliances at homes and in businesses. With its ever-increasing costs, consumers constantly compare electricity in addition to other practical ways to save electricity.
Energy saving tips for the home – 7 ways to lower your bills 26/09/2021

Worried about soaring gas prices? Our energy saving tips for the home are a great way to lower gas and electricity bills and save precious cash
Quantum chemists conjure recipe to turn gold, silver and copper into vessels of green energy 23/09/2021

Quantum chemists believe gold, silver and copper could help the world take a leap towards green energy after discovering that compounds based on these metal elements and hydrogen are very promising candidates for hydrogen storage.
As heating bills go up, put your energy into keeping costs down 16/09/2021

With wholesale energy prices soaring, millions of householders will face bigger bills next month. But there are ways to save.
5 easy ways to improve energy efficiency 16/09/2021

In addition to navigating a deadly pandemic, improving energy efficiency is likely the top priority for today’s building owners facing costly, mandatory retrofits by 2025.
How to solve the investment puzzle of clean energy transitions in the developing world 19/02/2021

This article looks into three areas where efforts are needed to accelerate investments in clean energy transitions
Viet Nam News Economy Lessons from solar: Rush to invest in wind power plants to get high tariffs could overload grid 09/02/2020

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.
Viet Nam Energy Outlook Report 2019 announced 04/02/2020

The Viet Nam Energy Outlook Report 2019 revealed enhanced energy efficiency and development of renewable energy at the highest level can deliver large and cost-effective carbon dioxide reductions, and reduce air pollution and dependency on fuel imports.