Saudi Arabia Could Hit 130 Gw Of Renewables by 2030, Says Globaldata
GlobalData say it is -plausible- that Saudi Arabia could close in on its target of 130 GW of renewables by 2030 by strengthening policies, competitive auctions and other financial measures.
PV Magazine International 8:19 pm on April 18, 2024
Saudi Arabia could potentially reach 130 GW of renewable energy capacity by 2030, according to a report by GlobalData. The country has seen significant growth in renewables since 2022, with a CAGR of 40.1% predicted between 2023 and 2030. Solar accounted for the majority of renewable capacity at 82.6% in 2023. Saudi Arabia has announced fifth round bidders for its renewable energy tender program, with potential sites identified for wind and solar projects.
- Saudi Arabia could reach 130 GW of renewables by 2030
- Added 2.1 GW in 2022, a 300% increase from previous period
- CAGR of 40.1% predicted between 2023 and 2030
- Solar accounted for 82.6% of renewables in 2023
- Fifth round bidders announced, potential sites identified for wind and solar projects
https://www.pv-magazine.com/2024/04/18/saudi-arabia-could-hit-130-gw-of-renewables-by-2030-says-globaldata/