Overview
With over 3000 hours of sunshine annually and some of the highest global solar irradiance (up to 2200 kWh/m²/year), Saudi Arabia is uniquely positioned to become a leader in solar power generation. Backed by Vision 2030 and an increasing focus on sustainability, the country is rapidly scaling up its investments in utility-scale solar projects, rooftop systems, and hybrid energy solutions.
Key figures:
- >300 sunny days per year with consistent and predictable generation
- Solar energy production in 2023 is estimated to 3.8 GW
- The target by 2030 is to generate 40 GW of solar power
- The 1.5 GW Sudair Solar PV Plant (operational soon) will be one of the largest in the world
- Solar LCOE (Levelized Cost of Energy) in KSA has dropped to as low as $0.0104/kWh, and is among the lowest globally
- Government support through PIF, MiM and local financing institutions
These figures mean massive opportunities in:
- Utility-scale solar farms
- Industrial rooftop and hybrid systems
- Off-grid and microgrid solar solutions
- Storage & grid integration technologies