Saudi Arabia has confirmed plans to meet its target for renewable energy production , as part of efforts to assure investors that the kingdom has a long - term vision for green power . (Reuters) - Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy annually, to highlight its long-term commitment to green energy, a senior government official said. The Saudi government has previously announced a target of generating 9.5 MW of electricity per year from renewable sources by 2020 . Current plans involve 60 projects supported by between $ 30bn and $ 50bn in investment , with interest in its first large - scale solar project coming mainly from China .
Saudi Arabia has confirmed plans to meet 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 MW of electricity per year from renewable sources by 2020 . Current plans involve 60 projects supported by between $ 30bn and $ 50bn in investment , with interest in its first large - scale solar project coming mainly from China .