52.26% of Saudi households want to use solar energy in their homes

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The report on the development index of the renewable energy sector in the Kingdom dealt with the elements of success in this sector and the advantages that the Kingdom enjoys in the field of solar energy and wind energy, in terms of location within the global solar belt, in addition to the high number of households that want to use photovoltaic (solar) energy. In the housing sector, to about 52.26 percent at the level of the Kingdom, reviewing the efforts to gradually transform the use of alternative and renewable energy sources in the Kingdom, by clarifying the Kingdom’s goals to increase the capacity of generating electricity and desalinated water from renewable energy by 2030.
The Riyadh Chamber, represented by the Business Support Sector Observatory, issued the report of the Renewable Energy Sector Development Index report in the Kingdom, which aims to monitor the sector’s situation and the development of the most important indicators of its sources, and to shed light on the projects of the National Renewable Energy Program, with the aim of improving the general investment climate of the Kingdom for local and foreign investors alike. In light of the Kingdom’s 2030 vision, it is expected that the volume of investments in the projects of the National Renewable Energy Program will reach about 60 billion riyals.
The report indicated that the Kingdom, through the vision and its national renewable energy program, is striving to increase the actual generation capacity of renewable energy sources to approximately 58.7 gigawatts by 2030, of which 40 gigawatts from the solar energy source, 16 gigawatts of wind energy and 2.7 gigawatts of other renewable energy sources, Note that according to the Kingdom’s new renewable energy strategy, the solar target for 2023 has been raised from 5.9 GW to 20 GW, with the aim of modifying renewable energy sources from 9.5 GW to 27.3 GW.
The report shows that the size of the renewable energy market in the countries of the Gulf Cooperation Council reaches 17 gigawatts and in the Middle East and North Africa region reaches 70 gigawatts, indicating that the Kingdom has achieved sixth place in the world in the possibility of producing solar energy and the 13th in the world in the possibility of producing wind energy. The total generating capacity of the projects of the National Renewable Energy Program in the Kingdom reaches about 5.6 million megawatt hours, raising the participation rate in the total energy used to 30 percent by 2030, and that the per capita share of the total electric energy in the Kingdom is about 8.954 kilowatt / hour.





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