The answer to this question is not as simple as it might first appear. The Kingdom of Saudi Arabia is a key player in both the oil and gas industries, and as such, the country has a vested interest in keeping both of these energy sources viable and profitable.
That said, the Saudi government has also been investing heavily in renewable energy sources in recent years, with a particular focus on solar power. In 2016, the Saudi government announced plans to build the world’s largest solar farm, which is expected to generate enough electricity to power over a million homes.
There are a number of reasons why the Saudi government is interested in renewable energy, even though oil and gas are still the country’s main sources of income. First, Saudi Arabia is aware of the need to diversify its economy in order to reduce its dependence on oil and gas. Second, the country is keen to reduce its carbon footprint and become more environmentally friendly.
Finally, and perhaps most importantly, the Saudi government recognizes that renewable energy is becoming increasingly cost-competitive with traditional fossil fuels. In fact, according to some estimates, solar power is already cheaper than coal in Saudi Arabia.
The Saudi government’s investment in renewable energy is already paying off, and the country is well on its way to becoming a leading player in the global clean energy market.
Other related questions:
Q: Does Saudi Arabia use renewable energy?
A: As of 2019, Saudi Arabia had installed a total capacity of 7.9 gigawatts (GW) of renewable energy, with 6.3 GW coming from solar, 1.3 GW from wind, and 0.3 GW from biomass. The majority of Saudi Arabia’s renewable energy is generated by photovoltaic (PV) solar panels.
Q: Is Saudi Arabia investing in green energy?
A: There is no definitive answer to this question, as Saudi Arabia’s investment in green energy may vary depending on the source of information. However, according to a report from Arabesque SRI, an investment firm focused on sustainability, Saudi Arabia was the top MENA (Middle East and North Africa) investor in renewable energy in 2016, with a total investment of $7.2 billion.
Q: What renewable energy resources are used in Saudi Arabia?
A: In Saudi Arabia, the primary renewable energy resource is solar. The country has some of the largest solar farms in the world, and is working to increase its solar energy production. Other renewable energy resources used in Saudi Arabia include wind, geothermal, and biomass.