Mecca, Saudi Arabia Will Be The First Solar City

0
Mecca, Saudi Arabia Will Be The First Solar City

Mecca, the birthplace of Muhammad, and Islam’s holiest city, has plans to become the first city in Saudi Arabia to run completely on solar power.

Mecca, Saudi Arabia Will Be The First Solar City

The Saudi Arabian government has said that it will invest $109 billion to establish a strong solar industry across the nation. The King Abdullah City for Atomic and Renewable Energy program is the jewel in this crown, and aims to develop 41 gigawatts of solar capacity over the next 20 years. 25 gigawatts will be installed in the form of solar thermal plants, and the remaining 16 gigawatts will be supplied by photovoltaic panels.

Despite 60% Loss On Shorts, Yarra Square Up 20% In 2020

Yarra Square Investing Greenhaven Road CapitalYarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More


Adnan Amin, the director general of the International Renewable Energy Agency, said that “Mecca’s program complements that work and may provide a guide for other Middle Eastern cities on how to adopt the technology.”

Osama al-Bar, the Mayor of Mecca, is waiting to receive bids from developers to construct and operate the solar power plants, and will make a decision as to the winner by the 5th of January next year. The city will need 385 gigawatt-hours of power each year and the whole project should be finished by 2018.

Source

No posts to display