Ramaphosa shakes hands with Saudi Arabia in a massive push for renewable energy

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 61%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

South Africa and Saudi Arabia have signed 17 memoranda of understanding related to various industries, says president Cyril Ramaphos – key of which relates to renewable energy and green hydrogen projects.

The president was in the middle eastern nation this weekend, bolstering relations and trying to draw investment amid several crises hitting the country.

“I look particularly forward to welcoming more of your renewable energy firms and technologies to enter our market. We hope to see you partnering with South African firms as we increase our renewable energy generation footprint and manufacture green energy components,” he said. “With plans to source 100% of Neom’s energy from renewable sources, including hydrogen-based power, Saudi investors will find substantial opportunities to leverage in South Africa in this regard. Similarly, there are opportunities for South African businesses to leverage at Neom,” the president said.

“I should say it is embarrassing that we do not have a direct flight from South Africa to Saudi Arabia, and with both of us being embarrassed, I think it creates a great opportunity to ensure that we do ensure that we connect the two countries,” the president said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: Sub-Saharan Africa - Living on The EdgePress Release - Sub-Saharan Africa is projected to grow by 3.6 percent in 2022 – more than one percentage point slower than 2021 mainly due to a worldwide slowdown, tighter financial conditions, and volatile commodity prices. Rising food and energy prices are striking at the region’s most vulnerable, and public debt and inflation are at levels not seen in decades. The most recent turmoil comes on top of a prolonged pandemic, leaving authorities with their most difficult and uncertain policy environment in yea
Source: allafrica - 🏆 1. / 99 Read more »