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Saudi Arabia says shortlists companies for its solar, wind projects

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Top oil exporter Saudi Arabia has shortlisted companies for its solar and wind power projects, as part of its first round of the renewable energy initiative, the energy ministry said on Monday.

The ministry added it would announce the next phase of its renewable energy projects in Riyadh on April 17-18.

"The market response to the Kingdom's invitation to its first renewable energy projects has been overwhelmingly positive, demonstrating market confidence in our vast renewable energy potential and investment environment," Saudi Energy Minister Khalid Al Falih said.