Gulf nations are diversifying their economies from oil and focusing on sustainability, with Saudi Arabia leading the way with an ambitious target for renewable energy and a shift to blue hydrogen production.
In the economic plan, Saudi Arabia has set a target to develop ~60 GW of renewable energy capacity by the end of the decade, which compares with an installed capacity of roughly 80 GW of power plants burning gas or oil.
Two years ago, Aramco announced that instead of chilling all that gas and exporting it as LNG, it will convert it into a much cleaner fuel: Blue hydrogen. The Saudi government is also building a $5 billion green hydrogen plant that will power the planned megacity of The European economic powerhouse has realized it cannot do this alone, and will require low-cost suppliers like Saudi Arabia especially as it doubles down on its green energy commitments following a series of Back in 2021, the Emirates Nuclear Energy Corporation announced the commissioning of the The 1,400-megawatt nuclear plant has become the single largest electricity generator in the UAE since reaching 100% power in early December, and is now providing"constant, reliable and sustainable...
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