How much power does Saudi Arabia need?

Saudi Arabia has established a goal to source at least 50 percent of its power from renewable energy by 2030, expanding its capacity to 130 gigawatts (GW), 58.7 GW of which is expected to come from solar and 40 GW from wind. This target is the most ambitious of its kind among Gulf Cooperation Council (GCC) countries (Figure 1).

Can Saudi Arabia achieve net zero emissions by 2060?

SGI supports Saudi Arabia’s ambition to reach net zero emissions by 2060 through the Circular Carbon Economy approach and is also accelerating the country’s transition to a green economy. Three overarching targets guide SGI’s work - emissions reduction, afforestation, and land and sea protection.

Does Saudi Arabia use biomass?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Saudi Arabia: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.

Why is Saudi Arabia undergoing a significant economic transformation?

Saudi Arabia is experiencing a significant economic transformation under its Vision 2030 plan to reduce the country’s dependence on oil revenues by diversifying its economy.

Why is Saudi Arabia's break-even oil price rising?

But challenges remain. Saudi Arabia’s fiscal break-even oil price—the price per barrel needed to balance the budget—has risen, indicating continued sensitivity to oil price fluctuations. Its external break-even oil price has also increased, reflecting ongoing reliance on oil exports to finance imports.