Key Market Indicators
Saudi Arabia's renewable energy generation is projected to surge to approximately 2 terawatt-hours by 2028, up from the current 1.4 terawatt-hours in 2023. This marks an average annual growth rate of 5.6%. This growth trajectory reflects a significant expansion in the kingdom's renewable energy sector. Notably, since 2013, Saudi Arabia's renewable energy supply has increased by an impressive 46% each year. The consistent rise underscores the nation's commitment to diversifying its energy sources and reducing its reliance on fossil fuels.
