18 Hrs
Source:
وكالة الأنباء القطرية
Saudi Arabia signs 4 energy storage deals
The Saudi Power Purchase Company signed four agreements for energy storage projects using battery technology with a total capacity of 2,000 MW for 4 hours, with investments reaching up to $1.16 billion. These projects aim to increase and store renewable energy capacity, targeting a renewable energy mix of approximately 50% by 2030. The initiative seeks to enhance the reliability and efficiency of the electricity system, support energy supply security in Saudi Arabia, and establish the Kingdom's leadership in the global energy sector.
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