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Saudi Arabia Aims to Exceed Renewable Energy 9.5 Gigawatts Target - ASHARQ AL-AWSAT English Archive
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Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy annually, to highlight its long-term commitment to green energy, a senior government official said.

“We plan to exceed 9.5 gigawatts,” Turki al-Shehri, head of the energy ministry’s Renewable Energy Project Development Office (REPDO) told the Sino-Saudi investment forum in Jeddah on Thursday.

“The whole idea of this is to give investors a sense of comfort that the Kingdom has a long-term vision for renewable energy,” he later told Reuters.

According to Reuters, the government has said it plans to generate 9.5 gigawatts (GW) of electricity from renewable sources a year by 2023 through 60 projects, involving an estimated investment of between $30 billion and $50 billion.

Shehri declined to give further details on when the government expects to exceed the target or other details, saying such an announcement would be made by the energy minister.

Expressions of interest in Saudi’s first utility-scale solar project had come from China more than any other country, he said.

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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