Saudi Arabia invests in CSP
Renewable Energy Policy Design in Saudi Arabia
Saudi Arabia has big plans for Renewable Energy with a target of 9.5GW by 2023. The government intends to invest between $30 billion and $50 billion across 60 projects, with 1 GW of capacity earmarked for Concentrated Solar Power (CSP), according to the Renewable Energy Project Development Office (REPDO), established in February 2017 to implement the country’s National Renewable Energy Program (NREP).
Saudi Arabia aims to exceed its target to generate 9.5 gigawatts of electricity from renewable energy, to highlight its long-term commitment to green energy and to give investors a sense of comfort that the Kingdom has a long-term vision for renewable energy.
