Monday, April 17, 2017

Saudi Arabia seeks 10 pct renewable energy in six years: minister

Saudi Arabia wants 10 percent of its electricity to come from renewable sources within several years as part of a transformation in its power sector, the energy minister said Monday.

Khaled al-Falih said his country, the world's biggest oil exporter, will also sell renewable energy and its technology abroad.

At a forum seeking investment in the sector, he announced "30 projects to be implemented" in order to reach a goal of about 10 gigawatts of renewable energy production early next decade.

Virtually all of the kingdom's domestic power currently comes from crude, refined oil or natural gas.

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