HomeWorld RegionsMiddle EastSaudi plans 3.5 GW of renewable power by 2020

Saudi plans 3.5 GW of renewable power by 2020

The Kingdom of Saudi Arabia has announced an ambitious plan to develop 3.5GW of renewable energy by 2020, as part of its Vision 2030.

Riyadh recently invited developers to express interest in first two major standalone renewable energy schemes and details were revealed in announcements on the kingdom’s National Transformation Plan.
Riyadh skyline
Saudi Arabia has set a target for installing 3.5GW of renewable energy capacity by 2020, according to the latest announcements regarding its National Transformation Plan (NTP).

Vision 2030 had set an overall plan for 9.5GW of renewables schemes to assist with meeting future energy demand, with no timelines set for achieving this target.

The announcement of the 2020 3.5GW target provides clarity on the kingdom’s initial renewable energy plans.

It was announced during the approval of Vision 2030 in April that Riyadh was planning to establish the upcoming King Salman Renewable Energy Initiative to play a central role in driving forward its renewable energy programme.

SEC is intending to issue a request for qualifications (RFQ) to developers by 14 July. The UK’s HSBC has been appointed as financial consultant, with the UK’s DLA Piper as legal consultant and the Netherland’s DNV as technical consultant.