Saudi Arabia will invest up to 7 billion U.S. dollars in renewable energy projects in 2018

        Turki Mohammed Al Shehri, head of Saudi Arabia's renewable energy project development office, said in an interview in Abu Dhabi recently that Saudi Arabia will spend 5-7 billion U.S. dollars in developing renewable energy projects in 2018, especially solar energy.
        According to the plan, in 2018, Saudi Arabia will tender eight renewable energy projects, with a total installed capacity of 4.125 GW. At the same time, Saudi Arabia and other Middle East oil-producing nations will also work together to develop renewable energy projects to meet the growing domestic demand, promote the diversification of energy and economy, and reduce dependence on fossil fuels.
        Saudi Arabia plans to achieve wind power and solar power generation capacity of 9.5 GW by 2023.