S Arabia releases EoI for 1.5 GW of solar

Olive Hawkins
February 1, 2019

Global demand for renewable power generation and the associated grid integration continues to increase globally; the latest report from the International Energy Agency* showed that renewable capacity additions of 178 gigawatts (GW) accounted for more than two-thirds of global net electricity capacity growth in 2017.

GE's bid to reposition itself in the renewables space picked up steam yesterday when it announced a simplified management structure for the division, aimed at making the company more nimble and responsive.

According to a statement released, the seven projects will supply enough energy to power 226,500 households and will be generating over 4500 jobs during its construction, operation and maintenance.

Under its renewable energy programme, Saudi Arabia aims to lift its installed wind and solar power capacity to over 25 GW in the next five years and 60 GW over the next decade.

GE's moves are part of the company's broader effort to position itself to meet the power market's evolving needs.

GE Renewable Energy is headed by CEO Jerome Pecresse.

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The plan is to combine GE's grid solutions and hybrid renewables, including solar and storage systems, into the GE renewable energy business, complementing the company's existing onshore wind, offshore wind and hydro offerings.

The firm said it will "intensify its focus" on the growing green energy marketplace with the creation of GE Renewable Energy Business.

To help its ailing power business, GE said in October it would separate natural gas power from coal, nuclear and grid, and named new leaders for the units.

GE also said it will be streamlining its onshore wind structure, "eliminating its headquarters layer and elevating its current regional teams.to improve competitiveness, speed, customer focus, and local execution in the Onshore Wind business".

It also said that the Kingdom aims to allocate 200 GW of solar energy capability in the next decade, spanning the entire value chain from local manufacturing to project development, domestically and overseas.

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