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Einvestment Fund: The Middle East Ramps up Investments in Renewable Energy

Einvestment Fund: The Middle East Ramps up Investments in Renewable Energy The Middle East Is Rapidly Developing the Renewable Energy Sector; the Region s Renewable Capacity From Wind and Solar May Increase 18-Fold by 2025; Einvestment Predicts Rapid Market Growth and Highlights Lucrative Investment Opportunities LISBON, PORTUGAL / ACCESSWIRE / April 14, 2021 / The renewable energy sector is on the rise in the Middle East region. According to the data provided by the research firm Frost and Sullivan, the renewable capacity of the region is likely to expand by 18 times in four years. The expected scope of investment by 2025 surpasses $182 billion. These resources are planned to be used in order to increase the capacity by 57 GW.

Saudi Public Investment Fund launches Sudair Solar PV project

Advertisement The Public Investment Fund (PIF) has announced a major milestone in its renewable energy programme with the launch of the Sudair Solar PV plant in Sudair Industrial City, Saudi Arabia, with a PIF-backed consortium signing a power purchase agreement (PPA) with the Saudi Power Procurement Company for 25 years. The announcement came during the inauguration ceremony of the Sakaka solar PV plant, also located in Saudi Arabia, under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Supreme Committee for Energy Mix Affairs for Electricity Production and Enabling Renewable Energy Sector. The ceremony was attended by HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, and HRH Prince Faisal bin Nawwaf bin Abdulaziz Al Saud, Governor of Al-Jouf Region.

Saudi Arabia: Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project

Saudi Arabia: Public Investment Fund (PIF) reaches major milestone in landmark Solar PV project 12 Apr 2021 Sudair Solar PV project is set to become one of the world’s largest Solar PV plants by capacity and Saudi Arabia’s largest. The project is considered a key achievement towards PIF’s commitment to develop 70% of Saudi Arabia’s renewable energy by 2030 With an investment value of approximately SAR 3.4 billion and 1,500MW, Sudair Solar PV project will be capable of powering 185,000 homes and offsetting nearly 2.9 million tons of emissions per year ACWA Power – in which PIF holds a 50% stake – leads the consortium to develop the project alongside PIF portfolio company

Carl Data Solutions (CSE: CRL) brings machine-learning to the $4 2 trillion utilities market

Share this article Share this article VANCOUVER, BC, April 9, 2021 /PRNewswire/ - Carl Data Solutions (CSE: CRL) announced that it has entered into a collaborative agreement with Think Quality Assurance (Think-QA) to accelerate CRL s entry into the Renewable Energy Sector. Carl Data works with new cloud-based mass storage services and machine learning (AI) analytical tools to monitor large amounts of industrial and government data. A developer of Big-Data-as-a-Service (BDaaS)-based solutions and Industrial Internet-of-Things (IIoT) applications – CRL saves clients time and money by aggregating information from any sensor or source to create a real-time decision support system. The physical internet between these

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