RIYADH: Saudi Ministry of Energy announced that small-scale solar photovoltaic (PV) systems are ready to produce electricity for consumers’ houses and enterprises, to be later connected to the Kingdom’s grid, Saudi Press Agency reported on Tuesday, citing a ministry statement.
The economic feasibility of installing the small-scale solar PV systems will be studied, while determining the estimated costs and the measures related to the safe connection to the grid, in addition to the related applicable specifications.
In this regard, the Electricity & Co-Generation Regulatory Authority (ECRA) developed a new platform, “Shamsi”, as other governmental authorities assume their responsibilities according to respective competencies.
Wednesday, 3 February, 2021 - 11:15
Saudi Arabia begins using small-scale solar PV systems to generate electricity. (Asharq Al-Awsat) Riyadh - Asharq Al-Awsat
Small-scale solar photovoltaic (PV) systems are ready to generate electricity for houses and enterprises, to be later connected to Saudi Arabia’s grid, announced the Saudi Ministry of Energy on Tuesday.
The systems will help provide renewable energy and enhance local content usage, in addition to encouraging Saudization in several energy fields, in line with Saudi Vision 2030, it said in a statement.
Qualified companies and contractors, which will be responsible for installing and connecting these systems to the country’s grid, will be shortlisted according to specific criteria, it explained.
Here are a few things you need to know as Saudi stocks start trading on Thursday.
Halwani Bros. Co.’s shareholders will vote on the board of directors’ recommendation of a cash dividend for FY2020, at SAR 1.5 per share, or 15 percent of capital, totaling SAR 47.14 million.
Gulf Union Cooperative Insurance Co. sold 5,453 fractional shares on Dec. 10, 2020 at SAR 19.87 per share for a total of SAR 108,326.48.
Al Kathiri Holding Co.’s subsidiary, Alian Industry Co., secured certification from the Saudi Standards, Metrology and Quality Organization (SASO).
SABIC Agri-Nutrients Co. opened, on Jan.6, nominations for the board membership for the vacant seat created after Article 17 of the company’s bylaw was amended to ensure eight board members.
Organizations faced a number of unforeseen challenges in nearly every business sector throughout 2020 – and continuing into 2021. Until now, businesses have been on the defensive, reacting to the shifting workforce and economic conditions, however, COVID-19 proved to be a catalyst for some to accelerate their long-term technology and digitalization plans.
This is now giving decision-makers the chance to take a proactive approach to mitigate current and post-pandemic risks. These long-term technology solutions can be used for today’s new world of social distancing and face mask policies and flexibly repurposed for tomorrow’s renewed focus on efficiency and business optimization.
For many, this emphasis on optimization will likely be precipitated by not only the resulting economic impacts of the pandemic but also the growing sophistication and maturity of technologies such as Artificial Intelligence (AI) and Machine Learning (ML), technologies that are coming of age just whe