GCC
Saudi Arabia targets 9.5 gigawatts from renewable energy by 2030
Saudi Arabia plans to generate 9.5 gigawatts of electricity from renewable energy by 2030, as revealed by its Vision 2030 reform plan. This plan is a package of economic and social policies and is designed to free the kingdom from its dependence on oil exports.
“Even though we have an impressive natural potential for solar and wind power, and our local energy consumption will increase threefold by 2030, we still lack a competitive renewable sector at present. To build up the sector, we have set ourselves an initial target of generating 9.5 gigawatts of renewable energy,” stated the text of the vision on the state news agency SPA.
In 2012, Saudi Arabia had said it would install 17 gigawatts of nuclear power by 2032 as well as around 41 GW of solar capacity. Last year, the president of the King Abdullah City for Atomic and Renewable Energy, the government department responsible for the programme, said the outlook has been revised to focus on 2040 as the major milestone for long-term energy planning in the kingdom.
-
Alamaliktistaad Magazines2 months agoAlam Al Iktisaad – September 2025 Edition
-
News2 months agoKitchenomiKs Secures Investment of US$3.2M Led by Jasoor Ventures
-
Banking & Finance2 months agoOman Arab Bank Highlights Its Ongoing Strategic Initiatives and Future Plans
-
News2 months agoIEA Expects Global Oil Market to Remain Oversupplied in 2026
-
Energy2 months agoWLGA Middle East LPG Summit & Expo 2025 to be held at OCEC on November 10 and 11
-
Real Estate2 months agoAl Mouj Muscat Unveils Azura Beach Residences Phase 2: A New Chapter in Waterfront Living
-
Leaders Speak1 month agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Events1 month agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman

You must be logged in to post a comment Login