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Our view on the latest developments in saudi arabia.

Potentially Game-Changing Saudi Arabian Government Restructuring Bolsters 9.5 GW Renewable Energy Target by 2023

Potentially Game-Changing Saudi Arabian Government Restructuring Bolsters 9.5 GW Renewable Energy Target by 2023

Deputy crown prince Mohammed bin Salman of Saudi Arabia announced first cornerstones for the deployment of renewable energy in the country on April 25, 2016, followed by a comprehensive restructuring of responsible government bodies. The “Saudi Arabia Vision 2030” paper states an initial target of 9.5 gigawatts (GW) of renewable energy by 2023, translating to annual installations of 1.6 GW.

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