The Renewable Energy and Green Hydrogen Workshop

[M167-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:07 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

That tells you a lot about transitioning, you know, from Marco to Ra’ad to me.

[M167-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:13 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

You see how fast we transition?

[M167-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:22 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

Bless you, by the way, Mohamed? I have already recruited Sherup.

[M167-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:29 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

finish

[M167-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:31 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

I want to take it easy and simple for everybody. I believe we are amongst friends, all of us are amongst friends. Friends with a mission.

[M167-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:46 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

That mission has been Longley awaited for. As you may recall we have signed a memorandum of understanding during the G20 in Delhi, and it was September 2023.

[M167-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:10 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

That says nothing about what how much we've been doing ever since that date.

[M167-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:17 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

Number of you here know very well how much we've been actively engaged on bilateral arrangements, signing agreements or memorandum of understanding on bilateral joint cooperation between so many of the countries here present, in fact, all of them.

[M167-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:40 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

The only one that we are awaiting for is the signing of a bilateral agreement with the commission itself and it's ready and we are hoping just to have the right occasion for it to happen.

[M167-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:59 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

But all of that was done on the basis of building the legal instrument and infrastructure to get us here to this moment to this meeting. I believe that our approach in attending to this endeavour which -by the way I have to say it- we were the ones who spearheaded, we were the one who drafted and I don't want to repeat the months and the efforts I placed and so as many of my colleagues in getting the nine parties to sign to it.

[M167-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:49 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

That night flying from the UK, although it's a Brexit country, but this here you go, all the way to Delhi I can never forget that night because I only managed to sleep for an hour or a half before landing to and it all was done just trying to bring the parties together.

[M167-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:12 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, it encompasses us, the US, the commission, Germany, France, Italy, UAE and India.

[M167-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:24 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

And the idea here is very simple. We have to reach out to our minds, the high calibre people that we all have to, just to address this question of wanting to u see, not only actually to see but actually with the existing will, with the existing political will, that we should reach out to each other and try to figure out what we could do collaboratively in a way where we could transition all together.

[M167-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:17 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

In a way that recognize the fact that there are some of us that are somewhat endowed with some resources that some of the others don't have and it's the embers.

[M167-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:34 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, it is not about racing on who is better, It's actually more collaboratively working with each other to enhance our ability to transition in a proper way, sustainable way, economical way, because we in Saudi Arabia believe that our transitional approach must take into account the economics for it to be sustainable, for it to be enduring. for it to gain the anchor which is economic visibility, without which people will abandon it simply because it is not providing benefits but it's actually incurring cost and it becomes a burden as it was intended to be a facilitator of prosperous economic growth.

[M167-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:44 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We believe wholeheartedly that our commitment to our trilmma is a must which is basically energy security, affordability and sustainability.

[M167-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:01 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

And in everything that we do, we try to take it to this through this litmus, lenses or tests to assure ourself that yes, we will be transitioning.

[M167-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:16 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

But again, we will be transitioning with convenience and with rationale, and that transition path will probably be different than others, but it really get us all to the point that we want, which is to have energy at a cost that is competitive at a cost that is enabling to the economy to growth and yet make sure that also we achieve our reduction targets in the form of our respected NDCs. It's a very simple approach.

[M167-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:04 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

I know we've been challenged and I know that we will be continually challenged on how faithful we are to this approach and how committed we are to this approach, but we do in a very transparent way, publish what we do.

[M167-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:24 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, just recently we've signed 15 giga of renewables in, just this week actually last week and I know some of you have seen the prices, so any country in planet earth and proudly and with the -I can afford a bit of arrogance here- we're even cheaper than China and India and it is actually I keep saying catch us if you can.

[M167-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:09 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, even in batteries we are as competitive as China. Last of which was a project Co in Bisha.

[M167-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:19 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We started it a bit expensive, still less than your cost -European cost- but we managed, than last round to catch up with China

[M167-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:32 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, we're doing the renewable at a very competitive price both wind, solar. We're exporting actually hydrogen as we speak, we are engaging in a 48 giga projects of batteries.

[M167-24] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:52 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We are working on carbon sequestration and we have a project being constructed as we speak, with its pipelines and what have you.

[M167-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:03 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We're expanding like no other when it comes to gas production, and enhancing our fleet of electricity generation units -with the most- at most efficient units that there is in planet earth.

[M167-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:23 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

But what you need to check is check with Siemens, GE and Mitsubishi and ask them the question who had booked 56 units, 56 units from here until 28.

[M167-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:38 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

In fact, with great deal of pleasure, I have to say that we are the one who created this almost monopoly on units and we are the one responsible for increasing the cost and prices for these units simply because you will not find it available anywhere in planet earth.

[M167-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:01 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

And it was our prudent decision that we booked all of that in 23, so people now are paying the 40 - 50% increase on those gas units simply because it's not available and by the way we are booking some more for 29 and 30 and we will be booking more if this idea come to fruition.

[M167-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:25 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

That's why we come with a rational and reaching out to everybody, demonstrating our willingness to cooperate, reaching out to ensure that people can listen to us, that we with this competitive edge, we're willing to share that competitive edge with everybody, ensure that it's not only monetized for the benefit of the Saudi economy, but also enable others to tap into our resources.

[M167-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:58 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We have instigated a national program where we would be identifying more and more resources in terms of lands that could be utilized for wind and solar projects. It's a unique program and I would wish if you could allow us to show it to you just to ensure that we will be having a huge amount of properties that will be available at any time with data that is available spontaneously.

[M167-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:43 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So all what we need is just to draw from our file on what would be the next project, the data will be available, bankable data for companies to come and do it, don't have to wait for the year and year and a half or two to verify the data and validate it.

[M167-32] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:04 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

we're also if, and you will see it soon, We're working in our NDC and we're providing it with a bit of mystery, simply because we're anxiously waiting for the EU Commission to issue its own. As you know, this is a hot potato issue now in Europe and there is a bit of discussion about it.

[M167-33] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:36 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We are also waiting for China to issue its own numbers. Somehow, we would like to be mysterious and shroud our things with what we may do just before the forthcoming cup in 2030 cup in Brazil.

[M167-34] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:55 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

The one thing I assure you and actually after this event, I chair the designated national authority that sits with everybody including the large companies including Aqua, Aramco, Sabic, PIF the government agency to assert and to validate what number we may issue for our NDC target for 2040.

[M167-35] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:28 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

The one thing I assure you of this discussion hasn't finished, in fact, we'll have a couple of meetings to finalize it, but I assure you that it will be very impressive.

[M167-36] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:41 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

I don't want to prejudge what others may submit, but again, we have a pretty good chance to say, we're even better. But again, we're not in a race to compete about who delivers what.

[M167-37] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:01 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

We're in a race to deliver our path which is could be an ideal path for others who are endowed with the similar resources and have its own particularities, and this is what we have been advocating ever since Cup 28 in Dubai.

[M167-38] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:29 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

Luckily, I was lacking sleep and tired, and then I remembered Paris, and I remember the style of how Brazilian used to put together their menu, the structure of their menu, so I came up with this idea that we should have a French menu of choices on how we transition to the future.

[M167-39] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:00 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

And I convinced everybody that the word transitioning should be the one used. By the way, it's our word and I have an evidence to show it.

[M167-40] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:10 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

It's not phasing out, phasing in, phasing below. It's transitioning.

[M167-41] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:15 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

And we enumerated few choices, quite a few choices, and we made sure that people should have the choice to elect and choose any approach that they feel is appropriate for them to deliver and to deliver the substance which is emission reduction.

[M167-42] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:38 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

It's not about choosing or advocating a technology. It's about refocusing people onto the cause, which is the emission reductions of all greenhouse gases that contribute to climate change.

[M167-43] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:54 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, Saudi Arabia had not or has not been now or at least for the last few years being an advocate of or so-called climate change denier. No, we know it. It is happening, but we also know that it will have to take every other tool in the kit to deliver.

[M167-44] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:20 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, instead of wasting time about choosing for people what is the right path for them to deliver that, it should be the altar which is hold people accountant to the choices that they make but ensure that they deliver what they say and it comes to their contribution to the attendance of this situation. I think it will become much more cohesive, much more inclusive and this is probably the best thing that we all need to do for climate change.

[M167-45] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:57 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

I don't want to take much of your time. I actually told, asked Mohamed and Ra’ad if they can allow me, I fail to see myself available here without enabling our friends here if they have a choice, I'm sorry, if they have a question or query or anything that they might want to see, say for me while I'm here, the one thing I know is as a Saudi government, we with the help of other governments which is -by the way- this is our approach, our approach is to bring corporate to work with each other and the government's role is to provide enablers for them to these things to succeed and that's why we felt strongly that it should be the companies that take the charge and take the lead and then our governments should participate with a view that they are, we are here to as enablers.

[M167-46] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:05 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

Certainly, the task is big and we are not just talking about electricity and hydrogen just in case some of you don't know we're actually targeting railroad, airports, I'm sorry ports and even data you know, cables, because in the memorandum of understanding it talked about quite a few different approaches of what we mean by connectivity.

[M167-47] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:40 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, it's going to be transmission line, pipelines, data cables, all of the above, and again, it is the will. If we have the corporate will amongst the governments and people are there to faithfully exhaust these premises, and exhaust what they can do to deliver these premises.

[M167-48] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:12 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

There is a luckily chance that we could all deliver for all of ourselves including if we are challenged with technology because I can't think of a better pool of technology developer than the pool we have today and the pool what we may have in the future.

[M167-49] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:36 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

So, I'm -you know- we are here as a government to help, support, and faithfully exercise what we have been advocating.

[M167-50] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:51 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

There is no way there is a one hand that can clap, clapping happens with so many hands. So, let's hope one day that we all gather here and clap for what we have successfully -hopefully- achieved.

[M167-51] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:08 · The Renewable Energy and Green Hydrogen Workshop · 2025-07-20 · مشاهدة عند هذا التوقيت

Thank you.