Accelerating towards a future build on sustainable energy, The Kingdom of Saudi Arabia is expected to soon announce a solar energy project that will generate electricity at the lowest cost per kilowatt soon, said Prince Abdulaziz Bin Salman, Saudi Energy Minister.
Speaking at Saudi Arabia’s Future Investment Initiative Institute (FII-I) organized event, “Don’t Forget Our Planet” conference which discussed environmental sustainability, Prince Abdulaziz Bin Salman stated that the Kingdom intends to produce 50 percent of its electricity from renewables by 2030, emphasizing that the Kingdom is preparing to expand the use of wind energy.
“The work is currently underway to analyze solar energy projects that will produce the lowest cost per kilowatt of electricity in the world,” remarked Prince Abdulaziz. He continued that Saudi Arabia is now among the most serious and committed to energy efficiency programs.
The Kingdom is reported to be working on the process of activating various programs, including increasing the use of electricity by 30 percent through renewable energy, while 50 percent will be generated through hydrocarbon sources. Several projects are underway to take advantage of the wind energy project to harness it in generating power.
Prince Abdulaziz affirmed that the Kingdom will not back down from its commitment to the energy efficiency project. In fact, it has become a role model for high commitment in all related applications. Saudi Arabia is currently working seriously and with a high commitment to a set of energy efficiency programs, including a national energy efficiency program, energy price reform program, and a program for sustainable energy.
