Vision 2030

Energy: Saudi Arabia aims to use renewable energy by 50% in 2030 for electricity production

 

On the 19th of January, the Chairman of King Abdullah City for Atomic and Renewable Energy (KACARE), Dr. Khalid bin Saleh Al-Sultan, delivered an opening speech at the 11th session of the General Assembly of the International Renewable Energy Agency (IRENA). 

 

During this speech, he affirmed that the Kingdom of Saudi Arabia is working to build a strong sustainable renewable energy sector. The aim of the Kingdom is to adopt electricity production using renewable energy by 50% in 2030, while the remaining percentage will depend on gas.

 

The Saudi Ministry of Energy approved policies that stimulate the participation of the private sector in this field, in addition to updating regulations for renewable energy projects to achieve the goals of the National Renewable Energy Program, in line with the Kingdom's Vision 2030. 

 

In this regard, Dr. Al-Sultan said that “this will make the energy organization a unified center for the Kingdom's capabilities in energy research, measurement, and data collection, organization, and development, in addition to offering tenders related to renewable energy, in cooperation among all relevant authorities in the energy sector in the Kingdom.

He also pointed out that “Saudi Arabia has launched several projects and initiatives in this context, including the green hydrogen project in NEOM”, among many others. 

 

In line with the Saudi Vision 2030, Saudi Arabia began planning to stimulate the private sector in investing in the renewable energy sector and committed to creating a local competitive market for renewable energy with a fair and competitive methodology. 

All the projects and initiatives of the Kingdom include enabling new technologies in the field of renewable energy, increasing the local content in industrial and service value chains and qualifying the necessary human capital. 

 

King Abdullah City for Atomic and Renewable Energy (KACARE) is a scientific, research and governmental entity with an independent corporate personality. Its board of directors is headed by the Minister of Energy, Industry and Mineral Resources. It handles the affairs of nuclear and renewable energy in the Kingdom of Saudi Arabia and contributes to the sustainable development of the energy sector in the Kingdom.

 

To read more:

https://www.spa.gov.sa/viewfullstory.php?lang=en&newsid=2181891#2181891

https://www.energy.gov.sa/en/Pages/fq.aspx

 

Archivio Vision 2030