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Saudi Arabia to produce 130 GW of renewable energy by 2030

Investing in renewable energy projects worth $188 billion
Saudi Arabia to produce 130 GW of renewable energy by 2030
Kingdom eyes producing additional 20 GW of renewable energy annually

Saudi minister of energy Prince Abdulaziz bin Salman announced that the kingdom is aiming to produce 130 gigawatts (GW) of renewable energy by 2030. It will do this by producing an additional 20 gigawatts of renewable energy annually.

The minister added, during the  eleventh session of the Saudi Arabia Smart Grid Conference in Riyadh, that the kingdom is ready “to export up to 150 gigawatts of electricity, whether green electricity or hydrogen.”

Sustainable initiatives

The kingdom is implementing more than 80 initiatives – worth more than SAR705 billion ($188 billion) – in the public and private sectors in the field of renewable energy. These initiatives include energy production from solar and wind SOURCES, the most notable of which are:

  • Sudair PV Solar Power Plant: One of the largest solar photovoltaic power plants in the world. Its production capacity is 1,500 megawatts. Moreover, it is the first project the Public Investment Fund’s renewable energy program is implementing. The project will be completed in 2025.
  • Dumat Al-Jandal Wind Plant: The first wind plant of this size in the Kingdom and the largest in the Middle East. Its production capacity is 400 megawatts. It is located in the Al Jouf region and is operating since July 2021.

In addition, Saudi is also establishing multiple sustainable projects that rely on renewable energy to reach its environmental goals. One of the most prominent projects is NEOM. It is an ambitious project that aims to achieve a prosperous and sustainable business environment. Thus, it is benefiting from advanced technologies and renewable energy.

Read: Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project

Saudi Arabia Smart Grid Conference

Over 120 local, regional, and international speakers are participating in the conference to discuss the most prominent developments and challenges in the field of networks and renewable energy. The conference will discuss advanced technologies as well as help raise awareness and increase technology use and applications locally.

In its current edition, the conference is putting the spotlight on smart meters and advanced data management solutions. It also addressing regulatory and energy policy aspects. The conference also seeks to review the reliability and flexibility of electrical energy systems and the integration of renewable energy sources with energy transmission networks.

Moreover, the event aims to highlight electric vehicles, energy storage systems, energy efficiency programs and technologies, and systems and legislation related to smart grids.

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