Saudi Arabia will invest in renewable energy

The largest oil exporter in the world, Saudi Arabia has "turned its eyes" to other energy sources renewable. According to the Saudi government, the intention of the country is developing a project to produce 300 megawatts (MW) of solar energy in the North and another 400 MW of wind power in the Northwest.

The purpose of the change of energy investments is to reduce the country's oil dependence. Currently, crude oil (crude oil), refined and natural gas are the main sources Saudis energy. According to government information, the decision is a starting point for introducing a sustainable program in Saudi Arabia. The goal is to produce 9.5 GW of renewable energy by 2023.

In addition, the world's largest oil company, Saudi Aramco, consider investing up to 5 billion in renewable energy companies. The oil company wants to bring foreign knowledge of the area for the country and reportedly investments should already occur this year 2017. In 2030, the kingdom wants to produce 30% energy from sustainable sources.

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