Riyadh, Saudi Arabia — Saudi Arabia’s renewable energy capacity reached 6,551 megawatts in 2024, according to a new report by the General Authority for Statistics (GASTAT). This includes five new solar projects added during the year, contributing 3,751 MW to the national grid.

The full capacity figure covers nine solar projects with a combined output of 6,151 MW and one wind project producing 400 MW. Together, these 10 facilities make up the Kingdom’s operational renewable portfolio as of December 31, 2024.

Investment Totals Nearly SAR 20 Billion

By the end of 2024, Saudi Arabia had invested SAR 19.839 billion in renewable energy projects. Solar initiatives attracted SAR 18.264 billion, and the single wind project secured SAR 1.575 billion in funding.

This installed capacity is estimated to power about 1,140,800 homes, underscoring its role in supporting energy diversification and reducing fossil fuel dependency under Vision 2030.

Lowest Electricity Cost Achieved at Shuaibah 1

Among all current projects, the Shuaibah 1 Solar Project achieved the lowest power purchase cost in the Kingdom, just 3.9 halalas per kilowatt-hour. Other active projects reported costs ranging from 3.9 to 11.18 halalas/kWh, reflecting ongoing efficiency and technology use gains.

The GASTAT report spans data from 2019 to 2024. It relies on the Ministry of Energy figures and highlights the Kingdom’s steady shift toward renewable energy.

 

The Saudi Standard’s View: 6,551 MW Capacity Affirms the Kingdom’s Renewable Energy Execution

GASTAT’s confirmation of 6,551 megawatts in operational renewable capacity by year-end 2024 proves that Saudi Arabia is moving from planning to real delivery. With 10 projects online and nearly SAR 20 billion invested, the country is delivering clean energy with speed, scale, and investor value.

Solar Capacity Drives National Output

Solar energy now contributes 6,151 MW, accounting for most of the Kingdom’s renewable production. This reflects the country’s strong solar conditions, competitive project costs, and active private sector involvement. Moreover, the five solar projects launched in 2024 demonstrate strong momentum in grid decarbonization and energy diversification under Vision 2030.

Investment Efficiency Creates Tangible Results

The competitive power purchase costs—from 3.9 to 11.18 halalas/kWh—highlight Saudi Arabia’s leadership in cost-effective renewable energy. With Shuaibah 1 achieving the national low at 3.9 halalas, the country is setting a benchmark for solar efficiency, especially in emerging markets seeking scalable solutions.

Powering Households, Reducing Reliance on Fossil Fuels

These renewable projects are not only about generation—they are about impact. With the capacity to serve over 1.1 million households, the sector is improving energy access and reducing the grid’s reliance on oil-based electricity. This strengthens both environmental and economic sustainability.

Data Transparency Supports Investor Trust

GASTAT’s five-year data bulletin reinforces the Kingdom’s commitment to transparent reporting. This consistency enhances investor confidence, ensures policy accountability, and aligns with global reporting norms. As a result, Saudi Arabia’s renewable transition gains credibility on the international stage.

In conclusion, Saudi Arabia’s 6,551 MW milestone is more than a number. It represents real readiness, proven capacity, and strategic alignment. As the Kingdom continues toward its Vision 2030 energy targets, it does so from a strong foundation—disciplined, focused, and capable of global leadership in renewables.

 

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