Soon we will be in the presence of largest thermal solar park in the worldwhich will take place in nothing more and nothing less than a desert. This is the country that is risking everything to increase its level of sustainability and the country that will help it achieve this goal.
It shows Saudi Arabia It is one of many countries pursuing a high target of dependence on renewable energy. In the case of In this Middle Eastern country, the government has proposed getting half of its energy from renewables by 2030. This seems very risky, since today almost all energy source is fossil fuels.
However, it plans to turn the tables with this mega project that is owned by the government of Saudi Arabia, a multinational thermal energy company, and a company from Spain that has agreed to collaborate with this incredible initiative to have.
It’s one thermal solar park that will be located in the middle of the desert and it will capture energy like no other, because it is the largest in the world.
The mega thermal solar park that will be built in the desert of Saudi Arabia
The company that makes solar steam generators that use solar thermal technology to generate steam called Glass pointsigned an agreement with another very important Spanish company to implement this project, known as “GlassPoint Ma’aden Technology Showcase (GMTS)”.
This mega park will take place in Ras al Khair, a city in Saudi Arabia. Moreover, it was learned that both the GlassPoint company and the Saudi government will make an investment of approx $30 million euros only for the first phase, but it was already known that this would be a total number for the entire project 1.5 billion euros.
Yet it is important to make that clear “GlassPoint Ma’aden Technology Showcase (GMTS)” It is only the first phase of the entire project that is mentioned “Ma’aden I”. This would be a combination of technology consisting of direct solar heat generation with thermal storage. What this achieves is accelerating the decarbonization of the supply chain. Thanks to this, 1,500 thermal MW could be generated.
Saudi Arabia is joining forces with Spain to make this immense project a reality
This project involving the government of Saudi Arabia and the company GlassPointgets the help of a Spanish giant: the multinational renewable energy company Cox Energy.
The Spanish company Cox signed an agreement and entered into a business alliance with GlassPoint for the 50 industrial solar thermal projects from GlassPoint, which are distributed by United States and the Middle East.
What business leaders say about this alliance
“We are seeing growing demand for zero-emission heat around the world as industrial facilities look to meet decarbonization targets in a cost-effective manner. GlassPoint differentiates itself by offering the only solution proven to reduce carbon emissions at scale while being cost-effective. “We look forward to working with them on this groundbreaking project, together with the Saudi Ministry of Investments, and on many more projects within our shared portfolio,” the spokesperson said. Cox Executive President Enrique Riquelme.
Furthermore, the GlassPoint CEO Rod MacGregorsaid: “We are proud to partner with the Kingdom of Saudi Arabia and Cox to develop, not only the largest thermal industrial project in history, but also our groundbreaking technology in a solar thermal production facility. Decarbonizing industrial heat is essential to produce low-carbon materials to meet net zero emissions commitments, which represent a global market worth $444 billion (about €418 billion). Together with the Saudi Ministry of Investment, Ma’aden, we are on track to expand our solution to meet the highest efficiency standards.”