INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

7.1 GW of renewable energy under production in Saudi Arabia

An additional 15 GWs are expected in 2022 and 2023. (AFP)
  • The current production capacity of renewable energy projects is 700 megawatts.
  • Energy projects are covered under the National Renewable Energy Program (NREP).

Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are now in various stages of completion, media reports said, quoting S&P Global.

An additional 15 GWs are expected in 2022 and 2023, the agency cited the ministry as saying.

The current production capacity of renewable energy projects operating across the kingdom, under what was proposed in the National Renewable Energy Program (NREP), is 700 megawatts.

A sharp increase in the volume of production capacity of facilities up and running is foreseen over the next two years, the reports said.