Saudi Arabia's efforts to expand its renewable energy capacity may be designed mainly to decarbonize its electricity mix and reduce reliance on oil for power generation, but they are also working to establish the country as a potential exporter of green electrons, hydrogen and technology. The Opec producer plans an enormous ramp-up of renewables capacity, from 5% of electricity generating capacity last year to 50% in 2030, with the other half fed by natural gas. By that time, Riyadh aims to have installed some 130 gigawatts of renewables capacity. It is also exploring plans to export decarbonized electricity, green hydrogen and even products from nascent solar and wind supply chains.
Saudis Eye Export Opportunities as Grid Build-Out Advances
Saudi Arabia is picking up speed in building out its renewable energy capacity as it targets 130 GW by 2030.







