The Saudi Arabian King Abdullah Atomic and Renewable Energy City (KACARE) has stated that Saudi Arabia will reach 60 GW of renewable capacity by 2030, including 40 GW of solar capacity and 20 GW from other RES, including onshore wind. The announcement is made under the framework of the KSA Vision 2030 and the National Transformation 2020 Programme.
The Saudi Arabian government's Vision 2030 (launched in April 2016) programme aims to produce 10% of its power from renewable sources by 2023. To reach this target, up to 9.5 GW of wind and solar capacity will have to be installed. This plan is expected to require investments ranging between US$30bn and US$50bn. The National Transformation Program translates the Vision into various implementation plans, including measures to reduce its reliance on oil. The objective is to generate an additional US$100bn per year in non-oil revenues by 2020.
Saudi Arabia’s initial plans (2014) included a target of 27 GW of renewable energy, including 20 GW of solar and 7 GW of wind.
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