For a long time, Black Gold is a leader of the world economy, but it seems that the economy is taking an unexpected turn. After Catar said goodbye to oil, the princes now follow their example and they have discovered a much better option.
A farewell to black gold
For many years The Dominant Kingdom of Black Gold It even depended on fossil fuels Until less than two years ago these corresponded to 99.8% of their energy. But now the economy is taking a radical turn, as the ambitious goal of That half of his energy is renewable for 2030.
But why decided to make this change this change? The answer would be necessary to diversify its economy, because the country is one of the world’s most important oil producers, but the prices of black gold are drastically falling, which shows that it is urgent to look for new sources of income.
This contributed to the urgency of reducing harmful gas emissions for our planet, which means that different countries are looking for cleaner options to produce energy and one of them is Saudi Arabia that will surprise us with this radical turn in his economy.
An ambitious and green project
It happens that the Spanish company COX along with Glazing point They have signed an agreement for the project Glaspoint Ma’aden Technology Showcase (GMTS) developed next Ministry of Saudi investments. The GMTS is the first phase of the largest thermal mega project of the sun in the world called Ma’aden I.
The total project investment could arrive Up to 1500 million euros! Really impressive! But this investment is certainly worth it, because the project will be a combination of direct solar technology and thermal storage that achieve it 1500 MW Thermal!
The projects do not end
But that’s not all! Saudi -Arabia has launched an ambitious project called Vision 2030That focuses on the development of other important sectors, such as tourism, technology and renewable energetic.
Also the Saudi Public Investment Fund (PIF) He has announced the signing of three new agreements that try to establish the production and assembly of equipment and components that are needed for solar and wind energy in Saudi Arabia. For this there are 3 companies that become members of the Saudi company Vision Industries.
The first is Propose energyA company for wind energy technology. The collaboration will focus on the production and assembly components of wind turbines, including knives, and it will be estimated to have an annual generation capacity of 4 GW.
The second agreement is with the manufacturer Jinko Solarthat will offer photovoltaic energy technologies and will join Vision Industries. This association will be devoted to the local production of photovoltaic cells and modules for a generation high return solar energy and is estimated that it will have an annual generation capacity of 10 GW.
Finally, the third agreement with Lumetechand focuses on the production of linges and photovoltaic solar waffles, with a sufficient annual generation capacity to reach the 20 GW energy! Isn’t it great?
Saudi -Arabia will be green
As we could see, Saudi Aarabia leads the energy transition that shows that it is possible to reduce the dependence on black gold and demonstrates his dedication to the sustainable future and a more diversified economy.
These projects are also a call for other countries and companies to follow their example and to work together to create a more sustainable future. In conclusion, these performance bring us closer to clean energy, as happened with this discovery of unlimited energy.