Saudi Arabia makes major strides in renewables, offers low-risk investment climate
Saudi Arabia is advancing rapidly in renewable energy and providing a lower-risk environment for investors, according to energy expert Dr. Hussein Bassi.
Key Takeaways
AIRenewable energy expert Dr. Hussein Bassi said Saudi Arabia is making significant progress in the renewable energy sector and offering a lower-risk investment environment for investors.
Speaking in an interview with Al Ekhbariya TV, he added that the Kingdom has succeeded in providing a range of factors that reassure investors in this field.
Saudi Arabia’s transition to renewable energy is accelerating, with operational project capacity expected to surge by 88 percent in 2025, reaching 12.313 gigawatts by the end of the year. This growth is accompanied by investments exceeding 36 billion riyals (9.6 billion dollars) in ongoing projects, signaling a shift from launching initiatives to operating and expanding on a larger scale.
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