Reports: Oil giant Saudi Aramco considering $5bn of renewables investments

Michael Holder
clock • 1 min read

World's largest oil company said to be seeking foreign renewables expertise from banks

One of the world's largest oil companies, Saudi Aramco, is mulling plans to invest around $5bn in renewable energy firms in a bid to diversify its income streams beyond fossil fuels, reports have suggested....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Octopus Energy to spin-out software arm Kraken at $8.65bn valuation

Octopus Energy to spin-out software arm Kraken at $8.65bn valuation

Energy giant to sell $1bn-worth of equity in Kraken as part of major funding round from new and existing investors announced today

BusinessGreen staff
clock 30 December 2025 • 3 min read
EDF 'Sunday Saver' scheme to return in January

EDF 'Sunday Saver' scheme to return in January

Energy giant confirms popular energy saving incentive programme will be available from next month

BusinessGreen staff
clock 30 December 2025 • 2 min read
Could Britain wake up to its 'greenest' Christmas Day on record this year?

Could Britain wake up to its 'greenest' Christmas Day on record this year?

A combination of favourable weather conditions, low energy demand and more clean power capacity than ever could make Christmas Day 2025 the 'greenest' ever in Britain

clock 22 December 2025 • 5 min read