The United Kingdom and Saudi Arabia signed a Memorandum of Understanding last week which commits both countries to working together on developing new clean energy technologies to reduce carbon emissions and sharing technical knowledge with one another.
On Friday, the UK’s Business Secretary Greg Clark signed a Memorandum of Understanding (MoU) on Clean Energy with Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid A Al-Falih, which commits the two countries to working together on developing technologies with the potential to reduce carbon emissions that nevertheless help grow their respective economies.
As such, the two countries will share technical knowledge and expertise on clean energy with one another, including information on smart grids, electric vehicles, and carbon capture technology.
Read more about this story at Clean Technica.
Clean Energy is the Future of Saudi Energy
A commitment to renewable energy, especially wind and solar power, is a cornerstone of plans for Vision 2030. To build up the sector, the Kingdom has set an initial target of generating 9.5 gigawatts of renewable energy. Saudi Arabia will also localize a significant portion of the renewable energy value chain in the Saudi economy, including research and development, and manufacturing, among other stages.
At the World Economic Forum in Davos, in January Saudi Energy Minister Khalid Al-Falih announced the Kingdom’s intention to become a major exporter of renewable energy, especially to Europe. “If the region gets connected to Europe for example, then solar (power) that is produced in Saudi Arabia can be exported all the way to Europe through a network,” he told Arab News on the sidelines of Davos. “When it’s sunny in the region, it’s dark and cloudy sometimes in Europe… So we can be a major exporter.”