Saudi Arabia is looking to significantly increase its renewable energy production in the coming years, with an ambitious goal of generating 130 gigawatts of renewable energy by 2030; Which requires adding 20 gigawatts of capacity annually over the remaining seven years.

Studies indicate that the Kingdom is on its way to increasing its capacity to generate renewable energy six-fold over the next six years, with the possibility of reaching 31.5 gigawatts by 2030 if it continues at the current pace.

This transformation is driven by a number of factors, most notably the rise in oil prices, the Kingdom’s desire to diversify its economy away from dependence on hydrocarbons, and achieve its ambitious climate goals, which include reaching net-zero emissions by 2060.

This trend presents great opportunities for investment in renewable energy projects in the Kingdom, with an expected increase in demand for solar and wind energy technologies and other clean energy solutions.

Despite the promising potential, the Kingdom faces some challenges in achieving its goals, most notably the need for appropriate infrastructure to improve the efficiency of electrical networks and absorb the increasing amounts of renewable energy.

Saudi Arabia's plans demonstrate its commitment to shifting towards more sustainable energy sources and reducing carbon emissions, and these efforts are essential to combat climate change and create a more sustainable future for future generations.