Starting with the inputs and ending with the strong experience that the leading Saudi companies have in producing various forms of energy, the KSA possesses all the ingredients for success in the field of renewable energy, and it began with the legal and regulatory side. Therefore, it prepared a framework that allows the private sector to own and invest in the renewable energy sector, and provide the necessary financing through concluding partnerships between the public and private sectors in the industry to achieve further progress in the renewable energy industry, and to form the needed competencies base. Work will be made to ensure the competitiveness of the renewable energy market by gradually liberalizing the hydrocarbon market and implementing the Custodian of the Two Holy Mosques' initiative projects.
01
Increasing the contribution of renewable energy sources to local energy consumption, and achieving the targets of the optimal local energy mix.
02
Developing the legislative and regulatory infrastructure that stimulates the renewable energy sectors, in order to maximize the total returns on the national economy.
03
Maximizing the economic, social and environmental returns of renewable energy projects and their relevant industries.
04
Placing the Kingdom as a global pioneer of renewable energy sector.
National Renewable Energy Program
A program aims to support renewable energy initiatives in line with the Kingdom's Vision 2030.
The Ministry of Energy is responsible for implementing the National Renewable Energy Program.
The Kingdom has increased its targets for renewable energy and expanded its vision in this field, focusing on solar PV energy, wind energy and concentrated solar energy.
project Advance development and tendering procedures
Localization of industries, technology, research and development
Empowering and encouraging the role of the private sector .