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Saudi Arabia Awards Five Renewables Projects Worth $2.4 Billion
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Why This Matters
Saudi Arabia has awarded five renewable energy projects worth $2.4 billion, aiming to increase the share of renewable electricity generation in the country.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
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Saudi Arabia has awarded one wind power and four solar power projects in the country worth a total estimated investment of $2.4 billion (9 billion Saudi riyals), the official Saudi Press Agency reports. Saudi Power Procurement Company, the principal buyer of the projects, awarded the five projects with a total capacity of 4.5 gigawatts (GW), as part of the sixth phase of the Kingdom’s National Renewable Energy Program. Saudi Arabia, the world’s biggest crude oil exporter, aims to hike the share of renewable electricity generation as…
Original article published by
OilPrice.com
on October 28, 2025.
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