Saudis Expects To Exceed Renewable Energy Targets

25 Aug 2017   Saudi Arabia

Riyadh plans to surpass its commitment to generate 9.5 gigawatts of energy from renewables in order to boost its commitment to green energy and climate-friendly initiatives, according to a government official who spoke to Reuters. “We plan to exceed 9.5 gigawatts,” Turki al-Shehri of the Renewable Energy Project Development Office said during a Sino-Saudi investment forum in Jeddah. “The whole idea of this is to give investors a sense of comfort that the Kingdom has a long-term vision for renewable energy.” Saudi plans to meet its 9.5 GW goal by 2023 by investing between $30 billion and $50 billion in 60 green energy projects. The end goal is to generate 30 percent of the Kingdom’s electricity from renewable sources by 2030, with the remainder to come from natural gas. Shehri did not offer more details on the extent of the KSA’s plan to surpass this goal. The Saudi government […]

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