Saudi Arabia aims to secure more than $20bn of investment for its renewables drive over the next decade. Ibrahim al-Jarbou, CEO of the National Grid SA, told the Siemens MEA Energy Week that the kingdom is keen to attract private sector investment to achieve its renewables targets.
Mr Jarbou reaffirmed the kingdom’s plan to develop 60GW of renewables capacity by 2030. “We are targeting by 2030 60GW of renewables. It is ambitious, a very fast, rapid plan to achieve this, and by 2025 we are targeting 30GW. It’s a big investment, very fast projects that are going to be there.” (CONTINUED - 588 WORDS)