We aim to have the share of each gas and renewable energy in this mix at 50 per cent by 2030,” Prince Mohammed Bin Salman said in comments reported by the Saudi Press Agency. Growth in the use of renewables and gas could replace about one billion barrels of oil per day used for electricity and water desalination, he added.
The Crown Prince was speaking at the signing of seven power purchase agreements for new solar photovoltaic plants in Saudi Arabia following the inauguration of the Sakaka plant.
The 300 megawatt Sakaka power plant is the kingdom s first-ever solar utility-scale project. It has been built at a cost of 1.2bn Saudi riyals ($320m) and is part of the kingdom s plan to add 27.3 gigawatts of clean energy to its grid by 2024.