Home / Metal News / Saudi Arabia’s Solar Revolution: Achieving 50% Renewable Energy By 2030 With 40 GW Of Solar Power

Saudi Arabia’s Solar Revolution: Achieving 50% Renewable Energy By 2030 With 40 GW Of Solar Power

iconFeb 8, 2025 09:46
Source:SMM
Saudi Arabia has been making remarkable strides in renewable energy, with a significant focus on solar power as part of its Vision 2030 initiative.

Saudi Arabia has been making remarkable strides in renewable energy, with a significant focus on solar power as part of its Vision 2030 initiative. The Kingdom aims to generate 50% of its electricity from renewable sources by the end of the decade, with solar energy leading the charge. This commitment is backed by a massive investment of 705 billion riyals (approximately 188 billion US dollars), ensuring rapid growth in the sector.

In 2023, Saudi Arabia took a major leap in solar energy production with several large-scale projects. The Saudi Power Procurement Company (SPPC) initiated the qualification process for four groundbreaking solar projects with a combined capacity of 3,700 MW. These projects include the Al-Sadawi Project in the Eastern Province (2,000 MW), the Al-Massaa Project in the Hail region (1,000 MW), the Al-Hanakiya Project in Medina (400 MW), and the Rabigh Project in Makkah (300 MW). These initiatives will significantly reduce carbon emissions, equivalent to removing 80,000 cars from the roads annually.

Market review

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All