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Last Updated: January 19, 2018
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Renewable Energy

The Saudi Arabian Renewable Energy Project Development Office (REPDO) plans to tender a total capacity of 4 GW of renewable projects worth US$7bn during 2018, including seven solar power projects with a combined capacity of 3,250 MW and 800 MW of wind power projects. This is a very significant rise with 2017, when the country tendered 300 MW of solar projects and 400 MW of wind power.

The Saudi Arabia government is implementing its Vision 2030 programme under the framework of an official plan called Saudi Arabia’s National Renewable Energy Program (NREP) and aims to produce 10% of its power from renewable sources by 2023. To reach this target, up to 9.5 GW of wind and solar capacity will have to be installed. This plan is expected to require investments ranging between US$30bn and US$50bn.

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