popular articles

Saudi Arabia: renewable energies on course for 2030

Saudi Arabia is accelerating the diversification of its energy mix, targeting 130 GW of renewable capacity by 2030 to meet its growing demand for electricity.
Arabie Saoudite énergie renouvelable 2030

Please share:

Initiated in 2016, Saudi Arabia’s Vision 2030 represented a major strategic turning point to reduce the kingdom’s dependence on oil by diversifying its economy and, in particular, its energy mix. Initially, the plan called for the deployment of 9.5 GW of renewable energy by 2030. However, in view of the growing demand for energy and the imperatives of sustainable development, the target has been significantly revised to 130 GW by 2023. This ambitious revision reflects not only a desire for energy transition, but also alignment with global targets for reducing carbon emissions.

Current development of renewable capacities

By the end of 2023, Saudi Arabia already had more than 8 GW of renewable energy projects under construction. This rapid development is the direct result of several projects awarded via competitive auctions over the past eighteen months. In addition, a further 13 GW are under development, marking significant progress towards the new targets. These projects cover a range of technologies, including solar photovoltaics and wind power, with solar power predominating due to the region’s abundant sunshine.

Accelerating growth in renewable capacity

According to GlobalData, since 2022, Saudi Arabia has added 2.1 GW of renewable capacity, a 300% increase on the cumulative addition of 700 MW during the previous decade. This acceleration is partly due to the kingdom’s goal of achieving carbon neutrality by 2060, requiring the annual addition of 20 GW of renewable capacity to reach 130 GW by 2030. This strategy is supported by increased investment in renewable technologies and a strong government policy encouraging private and international investment.

Impacts and long-term forecasts

Between 2015 and 2023, renewable power capacity in Saudi Arabia grew at a compound annual growth rate (CAGR) of 82.4%, from 0.02 GW to 3 GW. This impressive rate is set to continue with a CAGR of 40.1% between 2023 and 2030, reaching a planned capacity of 31.5 GW in 2030 and an estimated 63.1 GW in 2035. The continued efforts of political decision-makers and the strict implementation of policies give the kingdom a good chance of meeting or even exceeding its targets.

Saudi Arabia’s commitment to renewable energy is more robust than ever, with significant progress being made towards the ambitious target of 130 GW of renewable capacity by 2030. By aligning its energy policies with its environmental and sustainable development objectives, the kingdom is positioning itself not only as a regional but also as a global leader in the energy transition.

Register free of charge for uninterrupted access.

Publicite

Recently published in

French electricity exports generated a record €5 billion in 2024, driven by increased volumes despite falling market prices. Italy, Germany, and Belgium are among the main importers.
France’s electricity exports generated €5 billion in 2024, an unprecedented level driven by increased volumes despite declining market prices. Italy, Germany, and Belgium were among the main importers.
France’s electricity exports generated €5 billion in 2024, an unprecedented level driven by increased volumes despite declining market prices. Italy, Germany, and Belgium were among the main importers.
Engie announces an exceptional increase of €50 for energy vouchers benefiting eligible customers and doubles its contribution to the Housing Solidarity Fund (FSL). This measure comes as rising electricity taxes impact consumers.
Engie announces an exceptional increase of €50 for energy vouchers benefiting eligible customers and doubles its contribution to the Housing Solidarity Fund (FSL). This measure comes as rising electricity taxes impact consumers.
La Lituanie, la Lettonie et l'Estonie vont couper leurs derniers liens avec le réseau électrique russe. Ce basculement, prévu le 8 février, marque leur intégration complète au réseau européen après des années de préparation et d'investissements.
La Lituanie, la Lettonie et l'Estonie vont couper leurs derniers liens avec le réseau électrique russe. Ce basculement, prévu le 8 février, marque leur intégration complète au réseau européen après des années de préparation et d'investissements.
Indonesia must manage ambitious climate commitments while maintaining energy stability. The Just Energy Transition Partnership (JETP), aimed at mobilizing $20 billion, faces financial obstacles and uncertainties regarding international funding.
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.
The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.
The BloombergNEF 2024 report reveals a historic record of global investments in the low-carbon energy transition, driven by electrified transport, renewable energy, and power grids.
The High Council for Climate (HCC) presents six conditions for the energy transition. The opinion outlines areas to strengthen, particularly regarding budget mobilization and planning for the phase-out of fossil fuels.
The High Council for Climate (HCC) presents six conditions for the energy transition. The opinion outlines areas to strengthen, particularly regarding budget mobilization and planning for the phase-out of fossil fuels.
At the heart of the vast northern expanses, Sami communities see their ancestral ways of life challenged by the rise of renewable projects. A factual narrative revealing the tensions between economic modernization and the preservation of millennia-old traditions.
At the heart of the vast northern expanses, Sami communities see their ancestral ways of life challenged by the rise of renewable projects. A factual narrative revealing the tensions between economic modernization and the preservation of millennia-old traditions.
The 15% tariff reduction affects over 24 million subscribers in France, with disparities depending on regulated and market offers, amid fluctuations in energy costs, taxes, and transmission fees.
The 15% tariff reduction affects over 24 million subscribers in France, with disparities depending on regulated and market offers, amid fluctuations in energy costs, taxes, and transmission fees.
Myanmar faces recurrent power outages linked to civil conflict and outdated infrastructure, affecting daily life and economic activities.
The Greenfin label, launched in 2013, is being updated to better match European requirements, particularly in sustainable finance and climate objectives. The revisions published on January 29, 2025, strengthen its alignment with the green taxonomy and European standards.
The Greenfin label, launched in 2013, is being updated to better match European requirements, particularly in sustainable finance and climate objectives. The revisions published on January 29, 2025, strengthen its alignment with the green taxonomy and European standards.
The US Senate has approved the nomination of Lee Zeldin to lead the EPA. The choice made by Donald Trump has been praised by fossil fuel industry players but criticized by environmental NGOs.
The US Senate has approved the nomination of Lee Zeldin to lead the EPA. The choice made by Donald Trump has been praised by fossil fuel industry players but criticized by environmental NGOs.
Sylvain Waserman, CEO of Ademe, reaffirmed the importance of the ecological transition agency during his testimony before the Committee on Sustainable Development, highlighting its key role in reducing France’s energy dependence.
Sylvain Waserman, CEO of Ademe, reaffirmed the importance of the ecological transition agency during his testimony before the Committee on Sustainable Development, highlighting its key role in reducing France’s energy dependence.
The Norwegian Sovereign Fund posted a historic return of 214 billion euros in 2024, driven by investments in major tech companies. However, the dominance of these giants is now being questioned.
In response to geopolitical and economic challenges, the European Union is realigning its energy policy to enhance its competitiveness. Regulatory simplifications and efforts to secure energy supplies are at the heart of the new strategy, while maintaining environmental commitments.
In response to geopolitical and economic challenges, the European Union is realigning its energy policy to enhance its competitiveness. Regulatory simplifications and efforts to secure energy supplies are at the heart of the new strategy, while maintaining environmental commitments.
The Constitutional Council censored a retroactive measure aimed at modifying contracts between EDF and renewable energy producers, citing a disproportionate infringement on contractual rights.
The Constitutional Council censored a retroactive measure aimed at modifying contracts between EDF and renewable energy producers, citing a disproportionate infringement on contractual rights.
The Zambia-Tanzania Interconnector (ZTIP) project, backed by international financing, aims to strengthen electrical exchanges between Zambia and Tanzania, with major implications for energy integration in sub-Saharan Africa.
The Zambia-Tanzania Interconnector (ZTIP) project, backed by international financing, aims to strengthen electrical exchanges between Zambia and Tanzania, with major implications for energy integration in sub-Saharan Africa.
The U.S. Department of Energy grants Pacific Gas and Electric a loan to modernize infrastructure, integrate more renewables, and improve grid reliability.
As the United States considers another withdrawal from the Paris Agreement, major economic powers organize to maintain leadership in a rapidly transforming energy sector.
As the United States considers another withdrawal from the Paris Agreement, major economic powers organize to maintain leadership in a rapidly transforming energy sector.
Zhecho Stankov, Bulgaria's new Minister of Energy, emphasizes energy security and supply diversification while aligning with European goals for sustainable transition.
Zhecho Stankov, Bulgaria's new Minister of Energy, emphasizes energy security and supply diversification while aligning with European goals for sustainable transition.
The Indonesian government’s plan to convert 20 million hectares of forests for food and energy sparks criticism from NGOs, which warn of irreversible environmental consequences.
The Indonesian government’s plan to convert 20 million hectares of forests for food and energy sparks criticism from NGOs, which warn of irreversible environmental consequences.

Advertising