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.
-
Banking & Finance2 months agoBank Muscat posts net profit of RO137.49 million in H1 2026
-
Magazines2 weeks agoOER Magazine July Edition 2026
-
Highlights3 weeks agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Banking & Finance1 month agoOman Housing Bank launches digital waiting list for housing loans
-
Magazines2 weeks agoAl Mar’a Magazine July 2026
-
News4 weeks agoMade by Google 2026: Top 10 Biggest Launches You Need to Know – From the New Pixel 11 to a Life-Saving AI Watch
-
Alamaliktistaad Magazines2 weeks agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Oil & Gas2 months agoOman’s refinery production declines 6.8 percent to 89.91 million barrels in May 2026

You must be logged in to post a comment Login