Saudi Arabia will invest as much as 1 trillion riyals to produce clean energy Saudi state TV reported, citing HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy.
Prince Abdulaziz bin Salman said that the investments also aim to add transport lines to distribution networks to eventually export energy worldwide and produce clean hydrogen.
Recently, Saudi Arabia, an OPEC member, plans to implement 10 new renewable energy projects in a strategy to increase reliance on solar power as well as wind power and reduce oil use in electricity generation.
The largest oil exporter in the world approved 10 projects in its budget for 2023, which it announced this week as a surplus, the first time in many decades.
