How investment in solar capacity is powering Saudi Arabia''s
With a goal of sourcing 50 percent of its electricity from renewable sources by 2030, the Kingdom is investing heavily in solar energy, capitalizing on its abundant sunlight.
Looking ahead, several major solar projects are in the planning stages, such as Al-Sadawi Independent Power Producer Solar Power Plant, set to have a capacity of 2,000 MW. Sudair Solar PV Project has a planned capacity of 1,500 MW in Riyadh.
Saudi companies in Saudi Arabia launched 7 new Solar energy projects as a part of Saudi Arabia's vision 2030. These projects will diversify the economy and reduce the reliance on fossil fuels, thus proving to be reliable renewable energy sources.
Sudair Solar PV Project has a planned capacity of 1,500 MW in Riyadh. Al-Masa'a IPP Solar Power Plant will generate 1,000 MW in Hail, while Ar Rass Solar PV Park is expected to have a capacity of 700 MW in Al-Qassim.
Saudi Arabia's first solar power plant was commissioned on October 2, 2011, on Farasan Island. It is a 500 kW fixed tilt photovoltaic plant. Given that the cost of solar projects decreased by roughly 90 percent in the 2010s, petrostates in the Middle East have raised their ambitions.
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