Key Market Indicators
Saudi Arabia's solar energy consumption is projected to hit 0.02 exajoules by 2028, doubling from the 0.01 exajoules recorded in 2023. This growth reflects an average annual increase of 11%. The Kingdom's demand for solar energy has seen a substantial surge since 2022, with a year-on-year growth rate of 38%. These figures underscore Saudi Arabia's escalating commitment to renewable energy sources as it diversifies its energy portfolio.
