Saudi Arabia has confirmed plans to exceed its target for renewable energy production, as part of efforts to assure investors that the kingdom has a long-term vision for green power. The Saudi government has previously announced a target of generating 9.5 gigawatts of electricity per year from renewable sources by 2023. Shehri declined to give further details on when the government expects to exceed the target or other details, saying such an announcement would be made by the energy minister. In an interview with Bloomberg in April, King Salman said his country would increase production capacity and invest more than $22 billion over five years on solar power projects.
Saudi Arabia has confirmed plans to exceed its target for renewable energy production, as part of efforts to assure investors that the kingdom has a long-term vision for green power. The Saudi government has previously announced a target of generating 9.5 gigawatts of electricity per year from renewable sources by 2023. In an interview with Bloomberg in April, King Salman said his country would increase production capacity and invest more than $22 billion over five years on solar power projects.