With a goal of sourcing 50 percent of its electricity from renewable sources by 2030, the Kingdom is investing heavily in solar energy, capitalizing on its abundant sunlight. This commitment is part of the broader National Renewable Energy Program strategy, aimed at diversifying its energy portfolio and reducing reliance on fossil fuels.
“Saudi Arabia has a yearly energy demand of about 400 terawatt hours,” Michael Salvador, co-founder and CEO of Mirai Solar and technology lead at the King Abdullah University of Science and Technology’s Solar Center, told Arab News. “To meet this need solely through renewables, approximately 200 GW of installations would be required.”
In 2024, Abdulaziz bin Salman, the Saudi minister for energy, announced plans to tender new renewable energy projects with an annual capacity of 20 GW. This could potentially lead to a total capacity of 100-130 GW by 2030.
The environmental benefits of Saudi Arabia’s push for solar energy are significant. Salvador calculates that generating 4 TWh of energy from solar could potentially avoid 2.8 million tons of CO2 emissions annually, equivalent to the greenhouse gas emissions from approximately 6.5 million barrels of oil.
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