How global firsts are defining PIF’s sweeping renewable energy strategy
- The partnership directly addresses the growing demand for skilled professionals in the green hydrogen sector
- Saudi youth will have the opportunity to receive world-class tuition at EWA’s dedicated training centre
NEOM, Saudi Arabia – September 2024: NEOM Green Hydrogen Company (NGHC) and the Energy & Water Academy (EWA) today announced a strategic collaboration to deliver a specialised vocational training programme equipping Saudi nationals with the skills and experience needed to support the operation, maintenance, and optimisation of the green hydrogen plant, and excel in the rapidly growing green hydrogen sector. This is the first green hydrogen training programme of its kind available in the Kingdom.
How global firsts are defining PIF’s sweeping renewable energy strategy
Giga-Projects: Ecosystems with Renewable Synergies
PIF is the first SWF to build giga-projects as an investment pool. At sheer scale, they catalyze key-industry growth with synergies for energy, infrastructure and innovation.
NEOM, PIF’s future-oriented “laboratory” for human progress on the Red Sea, will host an entirely renewables-based system, leveraging abundant solar radiation and high wind speeds.
This emphasis on sustainability also extends to NEOM’s water system, with water desalinated with renewables, wastewater kept out of the environment (zero liquid discharge) and brine reclaimed for industrial use.
NEOM is also developing the world’s largest “green” hydrogen (generated by renewables-based electrolysis) project.
Saudi Arabia’s highly competitive renewable electricity production costs mean the NEOM Green Hydrogen Company, a joint venture with PIF-backed ACWA Power and Air Products, will affordably produce an average of 600 tons of green hydrogen daily, converted to 1.2 million tons per annum of green ammonia (addressing storage and transport issues) for global export and de-carbonization.
برنامج “الرياض الخضراء” يعلن عن افتتاح تطوير شعيب غذوانة أحد روافد وادي حنيفة بعد تأهيله وتشجيره
يخترق #شعيب_غذوانة أحد روافد وادي حنيفة حي البديعة والسويدي والزهرة جنوب غرب مدينة الرياض ويقع على مساحة 700 ألف متر مربع بامتداد 5.2 كيلو متر
#الرياض_الخضراء
Aramco plans $100m funding for KAUST to support cutting-edge R&D
Ali A. Al-Meshari, Aramco Senior Vice President of Technology Oversight & Coordination, and Ian Campbell, Vice President of KAUST’s National Transformation Initiative, sign the MoU in the presence of Ahmad O. Al-Khowaiter, Aramco Executive Vice President of Technology & Innovation, and Tony Chan, KAUST President
Al-Jouf Emerges as Major Fig Producer in Saudi Arabia
Al-Jouf Region has established itself as a significant contributor to Saudi Arabia’s fig production, ranking fifth in the Kingdom with an annual output of 874 tons, which contributes to the nation’s overall fig yield of 28,000 tons.
Local farmer Bassam Al-Haboub planted 1,200 fig trees two years ago. Focusing on having high-quality soil and water, he cultivates a fig variety known for its abundant yield, firmness, and transportability, he said.
A graduate in agriculture, Al-Haboub has leveraged his expertise to market his produce locally. He praised the Ministry of Environment, Water, and Agriculture for organizing festivals that provide a platform for farmers to display their products and access valuable support services.
According to the ministry, Saudi Arabia is entirely self-sufficient in fig production, which it cultivates on 1,421 hectares in 11 regions.
China Energy Engineering Signs Solar Deal with Saudi Partners
China Energy Engineering signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a filing with the Shanghai Stock Exchange showed.
The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power and Saudi Aramco Power Company, Reuters reported. Construction is expected to take 31 months, according to Monday’s filing. Last month, China’s TCL Zhonghuan Renewable Energy Technology tied up with Saudi partners including PIF in a $2.08 billion silicon crystal and wafer manufacturing project.