Historically reliant on fossil fuels, Saudi Arabia is leveraging its abundant solar and wind resources to transition towards a more sustainable energy mix, aiming to generate 50% of its electricity from renewables by 2030. 3 The Saudi Power Procurement Company (SPPC) awarded bids for four natural gas-fired power plant projects in October 2023 and began receiving bids. . Saudi Arabia is rapidly scaling up renewables as it works to reduce domestic carbon dioxide emissions, free up more oil, power new industries, and secure a role in the global energy transition. Saudi Arabia's first wind farm, Dumat Al Jandal Wind Farm, November 2023. (Credit: Charles Phillips). . In recent years, Saudi Arabia has emerged as a pioneer in renewable energy adoption, marking a significant shift from its traditional reliance on fossil fuels. For business owners across the Kingdom, this transformation presents unprecedented opportunities to reduce operational costs while. . 1. It was the 11th largest country by electricity demand.
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