Saudi Arabia aims to significantly increase the contribution of renewable energy in its power energy mix, in order to diversify its economy, reduce emissions and eliminate the use of liquid fuels in its power system.
In building a global hub for renewable energy, the Kingdom aims to future-proof its economy by relying less on oil export revenues and attracting new technologies into the region. Saudi Arabia is one of the best-placed countries to harness solar energy, with some of the highest solar radiation levels in the world.