Saudi Arabia aims to exceed renewable energy target

Above, a field of solar panels at Saudi Arabia’s King Abdulaziz City of Sciences and Technology. (Reuters)
Updated 25 August 2017

Saudi Arabia aims to exceed renewable energy target

JEDDAH: Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy annually, to highlight its long-term commitment to green energy, a senior government official said.
“We plan to exceed 9.5 gigawatts,” Turki Al-Shehri, head of the energy ministry’s Renewable Energy Project Development Office told the Sino-Saudi investment forum in Jeddah on Thursday.
“The whole idea of this is to give investors a sense of comfort that the Kingdom has a long-term vision for renewable energy,” he later told Reuters.
The government has said it plans to generate 9.5 gigawatts (GW) of electricity from renewable sources a year by 2023 through 60 projects, involving an estimated investment of between $30 billion and $50 billion.
Shehri declined to give further details on when the government expects to exceed the target or other details, saying such an announcement would be made by the energy minister.
Expressions of interest in Saudi’s first utility-scale solar project had come from China more than any other country, he said.


Saudi Aramco appoints Mark Weinberger to Board of Directors

Updated 05 April 2020

Saudi Aramco appoints Mark Weinberger to Board of Directors

  • Weinberger, who replaces Andrew Gould, also serves as a director on the boards of Johnson & Johnson and Metlife
  • Weinberger was an active member of the US government, having worked across different administrations

DUBAI: Oil giant Saudi Aramco has appointed the former chairman of global firm EY (previously known as Ernst & Young) Mark Weinberger as an independent member to its board of directors, the company said in a statement.

Weinberger, who replaces Andrew Gould, also serves as a director on the boards of Johnson & Johnson and Metlife.

He is a member of several boards of trustees, including the United States Council for International Business (USCIB).

“I am honored to be joining the board of Aramco at this important time in the company’s history and world events,” Weinberger said.

Weinberger was an active member of the US government, having worked across different administrations – from George W. Bush to Donald Trump.