Saudi Arabia starts offering loans to develop renewable energy

Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil. The 105 billion-riyal ($28 billion) Saudi Industrial Development Fund opened applications for the program, called Mutjadeda, on Sunday. The program will give loans of as much as 1.2 …

Australian concentrated solar power company wins global innovation award

Australian solar thermal company Vast Solar has taken out the Technology Innovation Award at the International Energy Agency’s SolarPACES 2019 conference held in South Korea. Vast Solar has developed concentrated solar thermal technology, that can be combined with molten sodium thermal storage to deliver dispatchable renewable energy. The company is aiming to use its modular …