Up to two years less than two years ago, Saudi Arabia was 99.8% dependent on fossil fuels. You are far from your goal, which was half of your energy to be renewable by 2030, six years left to the deadline when it started. solar expansion and the Spanish company is going to be a partner in it.
Pure chocolate alone. Cox is a Spanish company together with Glasspoint I have signed a contract for the “GlassPoint Ma’aden Technology Tabs (GMTS)” project, developed together with the Saudi Ministry of the Treaty. GMTS is the first part of the world’s largest solar thermal megaproject: Ma’aden I.
The investment in the project will be 30 million in cash from Glasspoint and the Saudi Government, but the total amount is reported to be up to 1.5 billion.
This contract makes the Spanish company, which provides water and energy solutions, a strategic industrial partner in GlassPoint, a company known for producing solar steam for industrial processes.
Ma’aden I The large-scale solar thermal project will combine direct solar heat generation technology with thermal storage to accelerate the decarbonization of the supply chain, generating 1,500 MW of thermal power.
Focus on renewables. Saudi Arabia came forward with the name of the project Vision 2030where it intends to diversify its economy based on oil and focus on other areas such as tourism, technology and innovation. It placed in the last country, Saudi Arabia in the sun of paradise and in green hydrogenas Helios in Theph NEOM megaproject.
China, the best partner. In all these great investment in renewable energy or related megaprojects, one name always resonates strongly and that is China. Faced with problems caused by the United States tariffs, the Asian country does not decreased for these reasons. On the other hand, China in Saudi Arabia has found that its country is expanding and growing in the renewable energy sector, and it is becoming the greatest benefit.
Many megaprojects. Not only do they have a voracious investment in common innovations, both countries have a preference in megaprojects. Saudi Arabia does not stop growing and GMTS joins the index. First of all, the NEOM project or the a futuristic city 500,000 million dollars that also included AI, robots and the artificial moon, although now the CEO . left The country continues with its roadmap. On its part, it is another big initiative of the Saudi region city ”On line”where more than 300,000 inhabitants want to live, and the city will be 170 km in a straight line, they have only one stadium of 2.4 km.
This does not prevent the fact that there are several megaprojects here and there, which Saudi Arabia adds to its portfolio, and it is a matter of geometric buildings. A new shapeless cubic building, 400 meters high, wide and long will call Mukaab and is under construction. We are also found a 1,000 meter skyscraper or to the building of mirrors the greatest in the world in solitude.
Faced with so many megaprojects, it seems that the roads of the country are following that line and together with the GMTS projects are aimed at renewable energy. China was one of the first countries to invest progress in this area. Several companies have responded to this news and it seems that this is only the beginning.
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