Wind Power Gains Traction in Saudi Arabia as Oil Dependence Wanes

Wind Power Gains Traction in Saudi Arabia as Oil Dependence Wanes

Arabian Post -Saudi Arabia, the world’s largest oil exporter, is witnessing a turning point in its energy sector. The kingdom recently signed agreements for a record-setting 1. 1 gigawatts (GW) of wind power capacity, marking a significant stride towards its ambitious target of awarding 20 GW of renewable energy projects this year. This surge in renewable energy is directly contributing to a decrease in the country’s reliance on burning […]

via Wind Power Gains Traction in Saudi Arabia as Oil Dependence WanesArabian Post -

Saudi Arabia, the world’s largest oil exporter, is witnessing a turning point in its energy sector. The kingdom recently signed agreements for a record-setting 1. 1 gigawatts (GW) of wind power capacity, marking a significant stride towards its ambitious target of awarding 20 GW of renewable energy projects this year. This surge in renewable energy is directly contributing to a decrease in the country’s reliance on burning oil for electricity generation.

The first quarter of 2024 saw a slight decline in Saudi Arabia’s oil consumption for power generation. This trend, while positive, needs to be sustained throughout the year to achieve a lasting impact. The Saudi Power Procurement Company (SPPC) is spearheading this transition by signing power purchase