Saudis to seek bids for 700-megawatt wind and solar projects
As part of a plan to transform the Saudi economy by weaning it off oil and creating new industries, Saudi Arabia will begin seeking bids next week for a 300-megawatt solar plant and a 400-megawatt wind farm.
BY ANTHONY DIPAOLA, BLOOMBERG
Saudi Arabia will begin seeking bids next week from renewable-energy companies to build wind and solar plants with a combined capacity of 700 megawatts as part of the kingdom's USD 50 billion program to boost power generation and cut its oil consumption.
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