The Middle East Continues to make new records Saudi Arabia recently held its first large solar energy reverse auction and discovered another abysmally low price of below 2 cents/kWh. Even though some analysts have said that the real price may be higher as the contract terms and conditions may provide additional allowances to the project […]
Saudi Arabia might face a downturn with falling Oil Saudi Arabia is the world’s largest exporter of oil and gas products and has been so for a long time. The country’s vast cheap reserves of oil has made it one of the richest countries in the world, despite a pathetic human rights record, a despotic […]
Saudi Arabia wants to invest big bucks in solar power plants, but the country’s progress has been abysmally slow. The country which has one of the largest oil reserves in the world and is one of the biggest exporters of oil faces a population explosion. Saudi Arabia is blessed with billions of barrels of crude […]
SunEdison partners with Saudi Arabia Saudi Arabia plans to invest heavily into building one of the world’s largest silicon technology based integrated solar factory. The country is taking the help of SunEdison (SUNE), which is one of the biggest solar installers in the world. SunEdison was also one of the world’s biggest polysilicon and wafer […]
Saudi Arabia to diversify in Nuclear Power Saudi Arabia is one of the richest companies in the world with gargantuan foreign reserves which keep increasing each year, thanks to its massive oil production. Despite not having any other industry, Saudi Arabia’s oil riches have ensured that the country remains one of the richest in the […]
Saudi Arabia has recently unveiled a new plan to add almost 40 Gigawatts of solar power over the next 20 years investing more than $100 billion. This environment friendly solar power has huge advantages & its costs are declining at a rapid pace. The country wants to generate almost 30% of its power from solar […]