6,551 MW renewable energy projects in operation by 2024-end: GASTAT

one of renewable energy projects

Saudi Arabia launched around 10 renewable energy projects – since the start of construction work until 2024-end – nine of which have a total capacity of 6,151 megawatts.

In addition, one wind energy project has a total capacity of 400 megawatts.

According to the 2024 renewable energy statistics bulletin issued by the General Authority for Statistics (GASTAT), five solar power projects were commissioned during 2024, with a total capacity of 3,751 megawatts.

Investments in operational renewable energy projects in the Kingdom by the end of 2024 amounted to approximately SAR 19.8 billion, including SAR 18.26 billion invested in solar power projects. The investment in the wind power project amounted to SAR 1.58 billion.

The value of investments in projects commissioned during 2024 alone stood at approximately SAR 12 billion, as detailed in the table below:

Al Shuaiiba 1 Solar PV Power Plant recorded the lowest levelized cost of energy (LCOE) in the Kingdom, at 3.9 halalas per kilowatt-hour (kWh), compared to other renewable energy projects, ranging between 4.65-11.18 halalas kWh, as shown in the table below:

The total number of residential units estimated to be supplied with electricity from renewable energy projects – commissioned by the end of 2024 – reached approximately 1.14 million units, including 622,200 units in 2024 alone, as shown in the table below: