Saudi Arabia to fall short of 130GW renewables target by 2030

GlobalData’s latest report, 'Saudi Arabia Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035' is the latest marketplace investigation study from GlobalData, the manufacture investigation specialist. This study discusses the powerfulness marketplace operation of Laos and provides humanities and forecast numbers for capacity, generation, and depletion up to 2035. Detailed investigation of the country’s powerfulness marketplace regulatory structure, competitory landscape, and a database of large powerfulness plants are provided.

The study besides gives a snapshot of the powerfulness assemblage successful the state connected wide parameters of macroeconomics, proviso security, procreation infrastructure, transmission and organisation infrastructure, grade of competition, regulatory scenario, and aboriginal potential. An investigation of the deals successful the country’s powerfulness assemblage is besides included successful the report.

Saudi Arabia aims to execute a sustainable vigor mix, with star and atomic powerfulness perchance accounting for much than fractional of its powerfulness proviso by 2040. Saudi Arabia's Vision 2030 has undergone respective revisions, astir precocious successful 2023, raising the people to execute 130GW of renewable powerfulness capableness by 2030. However, with lone 13GW renewable capableness achieved by 2025, the conception is expected to scope 74.2GW successful 2030, falling good abbreviated of the target.

The state would request to adhd implicit 23GW a twelvemonth to execute its 130GW target. Saudi Arabia is self-sufficient successful gathering its energy requirements. With respect to vigor security, it possesses 1 of the largest lipid reserves successful the world, which is utilized for powerfulness procreation and export. Natural state is besides disposable for powerfulness generation, but nary of the state produced is exported.

In October 2025, Saudi Arabia awarded 4.5GW of caller star and upwind capableness successful the sixth auction circular of the National Renewable Energy Program (NREP). In September 2025, Saudi Power Procurement Company (SPPC) announced the qualified bidders for the seventh circular of Saudi Arabia’s NREP, which by January 2026 encompassed 5.3GW of combined star and upwind projects.

Despite having enactment mechanisms specified arsenic nett metering and renewable auctions, the state has not done capable to bolster its renewable capableness successful enactment with its targets. Although the auctions person been reasonably successful, the authorities needs to absorption connected establishing much acquisition powerfulness agreements (PPAs) for large-scale renewable powerfulness plants.

Saudi Arabia is strategically positioned to make a sizeable magnitude of energy from star power, fixed its precocious levels of star irradiation. There has been mean maturation successful onshore upwind arsenic good successful the country. However, a monolithic overhaul is the request of the hour.