Saudi Arabia’s Vision 2030

The “Saudi Arabia’s Vision 2030” sets among other goals an initial target of generating 9.5 gigawatts of renewable energy by 2023 (timeline was specified on 5 May 2016 by Saudi Government).
The vision also foresees other measures to build a competitive renewable energy sector, such as localising a significant portion of the renewable energy value chain inside Saudi economy, including research & development and manufacturing, and gradually liberalising the energy market. The “King Salman Renewable Energy Initiative” is also to be launched to support reaching the 9.5GW goal.

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