The True Post (Web News) Saudi Arabia, once considered the world’s largest oil capital, is now on its way to becoming a solar energy superpower by making a surprising change in its energy policy.
Once synonymous with fossil fuels, the country is now covering its vast deserts with solar panels. The Saudi government has set a goal of generating 130 gigawatts of renewable energy by 2030, a revolutionary and bold move.
New energy map
Saudi Arabia’s solar production is expected to reach 4,340 megawatts in 2024, nearly double the level in 2023. By 2030, 50 percent of the country’s electricity will come from renewable sources. 15 gigawatts of solar and wind projects are under construction, with ACWA Power and Aramco Power investing $8.3 billion.
Why solar energy?
Thanks to China, the prices of solar panels and battery storage have fallen sharply. As a result, Saudi Arabia has set the price of electricity in recent auctions at just 1.3 cents per kilowatt-hour**, much cheaper than oil-generated electricity. The change could save the Saudi economy $20 billion a year.
Challenges and opportunities
Desert weather, sandstorms, and intense heat can affect the performance of solar panels, but with modern technology and support from global institutions, Saudi Arabia is determined to address these challenges.
