Why Saudi Arabia?

Well-known for its colossal oil reserves and petroleum-based economy, nowadays Saudi Arabia still generates 99% of its power from fossil fuels, however, the Kingdom is ambitious in its clean energy revolution.

The government aims to invest a total of SR380bn (US$101bn) in a bid to raise renewable energy to 50% of power generating capacity (about 58.7 GW) by 2030. We expect investment in clean energy projects to rise, assisted by high oil prices in 2023-24, as Saudi Arabia seeks to add 15 GW of renewable energy capacity in 2022-23, supporting the government’s climate objectives and economic diversification strategy.

In this context, the Saudi Arabia Clean Energy Week 2024 will be held in Riyadh on March 4th-5th, the event will focus on the solar PV & green hydrogen sector, it is expected over 200 participants will join the event and share the latest industry development and discuss the green energy projects in KSA & MENA region.