Saudi Arabia to Revive Its Solar Power Program at Smaller Scale
- Kingdom to add 9.5 gigawatts of renewable energy in 2030 plan
- Target is below the 41 gigawatts previously envisioned
How Saudi Arabia Plans to Move Beyond Oil
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Saudi Arabia is seeking to revive its stalled solar-power program, scaling back more ambitious targets it set four years ago after making little headway in transforming the energy supply of the world’s biggest oil exporting nation.
The kingdom plans to install 9.5 gigawatts of renewable energy under its Vision 2030 program announced last month, about a quarter of the previous goal. The new target is about 14 percent of the country’s current generating capacity and is achievable because of a plunge in the cost of photovoltaics, government officials said.