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Saudi Arabia invites companies to bid for colossal renewables contracts

2013-02-22 12:12:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: 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...

Tags: companies bid contracts arabia

Today's oil prices plunge on Saudi Arabian crude supply speculation

2013-02-20 01:00:00| Offshore Technology

Oil prices slipped today over speculation that Saudi Arabia might raise its crude supply, while investors kept a close watch on economic and inventory data from the US, to get an indication of what demand is like in the world's largest oil consumer.

Tags: prices supply oil saudi

Saudi Arabia: EIA: Riyadh going green to free up oil

2013-02-13 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

United Press International: Saudi Arabia has one of the largest expansion plans for electricity in the Middle East, with the bulk of renewables coming from solar power, the EIA said. The U.S. Energy Department's Energy Information Administration updated its profile for Saudi Arabia, saying population growth and a rapidly expanding industrial sector are leading to increased electricity demand in the oil-rich country. Saudi Arabia aims to diversify its local energy mix in order to free up more of its oil for exports. The...

Tags: free up green oil