KSA’s solar energy investment pivotal to achieving climate action and economic objectives of Vision 2030

KSA’s solar energy investment pivotal to achieving climate action and economic objectives of Vision 2030

By Nava Akkineni The opening of the Sakaka solar power plant coupled with the announcement of seven new solar power projects as part of the new Saudi Arabia Green initiative makes a powerful statement that one of the world’s leading oil producers is absolutely committed to being a leader in the global fight against climate change. The country plans to employ a healthy mix of solar, wind, green hydrogen and nuclear to eliminate more than 130 tons of carbon emissions using clean energy technology. But solar power will serve as the core pillar of Saudi Arabia’s commitment to producing 50 percent of all electricity in the nation through renewable energy sources. Solar energy is expected to represent nearly 70% of Saudi’s future clean energy capacity. A recent report by the Riyadh Chamber showed the current pipeline of solar projects in the Kingdom represents SR60 billion ($15.9 billion) in project investments and that at least half of all families in the country want to use solar in their homes. The Saudi commitment to and investment in climate action will do far more for the country than just combat climate change. It will build the foundation of a new Green Economy that