Saudi Arabia Has Signed An Agreement for 500 MW Solar Power Projects, with Plans To Produce Up To 130 GW of Capacity by 2030

In the presence of Saudi Prince and Energy Minister Abdulaziz bin Salman bin Abdulaziz Al-Saud, the consortium formed by the Saudi Power Procurement Company and Aramco Power, a fully owned subsidiary of Saudi Aramco. Starting in 2024, Saudi Arabia will tender renewable energy projects every year, with a total capacity of 20 GW, with the goal of reaching 100-130 GW by 2030, depending on the growth rate of electricity demand.