According to Saudi Energy Minister Prince Abdulaziz bin Salman, the nation has set a goal of deploying 48GWh of battery energy storage systems by 2030. This ambitious target not only supports Saudi Arabia's energy transition but also injects fresh momentum into the global renewable energy and energy storage markets.
Under the National Renewable Energy Program, which is overseen by the Ministry of Energy, Saudi Arabia aims to develop a total storage capacity of 48 gigawatt-hours by 2030. To date, projects totaling 26 gigawatt-hours have been tendered and are currently in various phases of development.
The Kingdom enters the top ten global rankings for battery energy storage with ambitious future capacity goals. Saudi Arabia is establishing itself as a significant player in the energy storage sector, now ranked among the top ten global markets for battery energy storage.
The selected bidders will sign 15-year energy storage service agreements with SPPC for four 500MW/2000MWh BESS projects. The bidders will retain 100% ownership of their special purpose vehicle (SPV) projects. The four upcoming energy storage projects, all identical in scale, are strategically located within Saudi Arabia.
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The four upcoming energy storage projects, all identical in scale, are strategically located within Saudi Arabia. As part of the Saudi Vision 2030 policy, the country aims to generate 50% of its
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The goals outlined in the Saudi Vision 2030 initiative are aligned with this ambitious energy production strategy. The Kingdom plans to operate 8 GWh of energy storage projects by
Saudi Electricity Company (SEC) awards the contracts for Battery Energy Storage Systems (BESS) having Combined Capacity of 2,500 MW/10,000 MWh, across Saudi Arabia.
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