Saudi Arabia Invests $109B To Meet 1/3 Energy Needs From Renewables

Saudi Arabia aims to get 33 percent of its energy from renewable energy sources by 2032, by spending $109 billion.

World’s largest oil producer, Saudi Arabia, is set to discuss its drive towards renewable energy at the forthcoming third annual Solar Arabia Summit, scheduled to be held in Riyadh from September 29-30.

The kingdom’s major investment drive has evoked wide publicity. King Abdullah City for Atomic and Renewable Energy, commonly known as KACARE released a series of documents detailing the revised