NEWS COMMENTARY

Saudi Arabia explicitly positions itself as exporter of renewable energy

Published:
March 01, 2021
Coverage:
Owning the Energy Transition More...
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Very important

Our analysis in 2018 showed that Saudi Arabia could be a bigger exporter of energy than it is today by covering 1% or 2% of its land with solar panels and exporting the energy in the form of hydrogen. The country could become a global powerhouse of renewable energy. It has the required land space and favorable climate conditions. Moreover, its geographic position makes it suitable to export to many regions that need renewable energy imports like Europe, India, and China. The "offer" the country made to transport green hydrogen by pipeline to Europe shows that the kingdom recognizes the opportunity and is actively working to exploit it. A pipeline may not be optimal, and this idea will take years to develop, yet clients should pay attention.

For the original news article, click here .


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