The President of King Abdullah City for Atomic and Renewable Energy, Dr. Khaled bin Saleh Al-Sultan, affirmed that the Kingdom is working to build a sustainable renewable energy sector that includes industries and services, localization of technologies, and qualification of human cadres by defining the main frameworks for building the sector, stressing the importance of relying 50% on electricity production on renewable energy
He said: The Ministry of Energy in the Kingdom approved policies that stimulate the participation of the private sector in this field, and to update the regulations for renewable energy projects to achieve the goals of the National Renewable Energy Program, noting that the Kingdom aims to adopt 50% of the electricity production by 2030 on renewable energy.
While the remaining percentage will depend on gas.
This came in the Kingdom’s speech delivered by the President of the King Abdullah City for Atomic and Renewable Energy, head of the Kingdom’s delegation participating in the work of the eleventh session of the General Assembly of the International Renewable Energy Agency (IRENA) on the occasion of the opening of the current session, in which he expressed the Kingdom’s appreciation to the International Renewable Energy Agency for what it was doing. Efforts to achieve its goals towards promoting the use of renewable energy at the global regional level. He pointed out that the Kingdom launched several projects and initiatives in this context, including the green hydrogen production project in NEOM, and the projects of SABIC and Saudi Aramco to capture, store and use carbon in the manufacture of various products such as blue ammonia, which was endorsed by the leaders of the G20 countries, and to increase the local content in value chains. Industrial and service sectors, settling technical know-how, investing it commercially, and qualifying the necessary human capital