The EIC > Event Detail

UK Saudi Renewable Energy Forum

28 Jun 2022
Mansion House, London
All companies
Non-EIC Event

About this event

The Forum will focus on investment and partnership opportunities in renewable energy and cleantech, including hydrogen, and the finance available. It will build on the success of the SBJBC’s Sustainable Investment Forum on 13 July 2021 and the increasing cooperation between the two countries in green technology and clean energy development.

The UK is a major hub for green finance and a leader in innovative and green technologies. The renewables share of UK electricity generation averaged more than 40% in 2020 and many wind and solar powered projects are underway.
Saudi Arabia aims to maximise the potential of renewable energy and generate 50% of electricity from renewable sources by 2030. The Saudi Green Initiative aims to reduce carbon emissions through increasing reliance on renewables and investing in clean hydrocarbon technology. Saudi Arabia also pledged to reach net-zero greenhouse gas emissions by 2060.

The Public Investment Fund considers renewables to be a strategic sector and is funding 70% of the current 700MW project pipeline. The largest green hydrogen plant in the world is being developed at NEOM and the Red Sea Development project will be powered entirely from renewable sources. Saudi companies are also investing in UK clean energy projects.

The UK and Saudi Arabia have committed to exchange expertise in carbon capture, utilisation and storage (CCUS), hydrogen and clean fuels. This and the programmes underway present clear opportunities for private sector participation and partnerships.

Should you be interested in attending the forum further information can be found via this link: Event Details - UK Saudi Renewable Energy Forum

Book your place

For any questions regarding this event, please contact the organiser.
Helen Aittis
Office Manager and Event Organiser
The EIC - Dubai Office