Saudi Arabia Ranks Among World’s Top 10 Renewable Energy Investors

Saudi Arabia has entered the world’s top 10 renewable energy investors in 2025 after deploying nearly $34 billion into electricity transition projects, according to a study by the Arab Energy Organisation.

The report notes that investment levels increased by nearly 70% year-on-year, following five consecutive years of growth ranging between 20% and 35% annually. The Kingdom moved into the top tier after overtaking Canada.

Globally, renewable energy investment reached approximately $2.3 trillion in 2025, with spending heavily concentrated in China and the United States, which accounted for around $800 billion and $378 billion respectively.

The expansion in investment is accompanied by progress in project delivery. By the end of 2025, around 64 gigawatts of renewable capacity had been tendered, including 20.6 GW during the year, with 12.3 GW connected to the national grid. Battery storage tenders reached nearly 30 gigawatt-hours, with 8 GWh already operational.

Estimates indicate that renewable capacity could reach around 58 GW by 2030, including approximately 40 GW from solar power, with the potential to supply electricity to millions of households.

Recent project rounds under the National Renewable Energy Programme have included 4.5 GW awarded in October 2025 and a further 5.3 GW by January 2026, supporting continued expansion of the sector.

Despite the growth trajectory, challenges remain in areas such as land allocation, regulatory compliance, grid integration and pricing risks, alongside external factors that may affect investment decisions.