DeepResource

Observing the world of renewable energy and sustainable living

Saudi-Arabia 10% Renewable in 2023

Ask people which country they identify most with oil, chances are they will answer “Saudi-Arabia”. Yet this country of 33 million inhabitants has announced that it wants to invest a majestic sum of $30-50 billion until 2023 and realize 10 GW in renewable energy capacity, or 10% share of the overall electricity budget, up from less than 1% now. Even oil champ Saudi-Arabia is investing huge sums of money in oil’s successor. It is difficult to find a better indicator that the end of oil age is in sight.

[arabnews.com] – Saudi Arabia to invest $30-50bn in renewable energy by 2023
[wikipedia.org.] – Energy in Saudi Arabia

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