Close Menu
The Oasis Report
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

Saudi firm completes first locally produced THAAD components with Lockheed Martin

May 11, 2025

US, China Reach Deal to Cut Trade Deficit, US Officials Say

May 11, 2025

Saudi Industrial Production Index Up 2.0% in March 2025

May 11, 2025
Facebook X (Twitter) Instagram
Trending
  • Saudi firm completes first locally produced THAAD components with Lockheed Martin
  • US, China Reach Deal to Cut Trade Deficit, US Officials Say
  • Saudi Industrial Production Index Up 2.0% in March 2025
  • Saudi Awwal Bank named “Best Bank in Saudi Arabia for 2025” for the 6th year in a row
  • How Oil Forged the US-Saudi Strategic Alliance
  • Saudi oil giant Aramco posts 5% dip in first-quarter profit
  • Trump to Visit Saudi Arabia as Major Announcements Expected
  • US, Chinese Officials Start Geneva Talks on Easing Trade War
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
The Oasis ReportThe Oasis Report
Monday, May 12
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report
Home » Vision 2030 Sets Saudi Arabia on the Path to Energy Sustainability, Emissions Reduction

Vision 2030 Sets Saudi Arabia on the Path to Energy Sustainability, Emissions Reduction

adminBy adminApril 28, 2025 Startups No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


For decades, Saudi Arabia heavily relied on traditional energy sources as a cornerstone of its national energy mix. This reliance led to significant fossil fuel consumption and a rise in carbon emissions. Despite the Kingdom’s abundant natural resources in solar and wind energy, previous investments in these renewable sources were not scaled to their full potential.

However, with the launch of Vision 2030, a transformative shift began. Diversifying energy sources became a strategic priority for achieving environmental sustainability and reducing carbon emissions. Saudi Arabia introduced the National Renewable Energy Program and the Custodian of the Two Holy Mosques Initiative for Renewable Energy. According to the Vision 2030 Report for 2024, these initiatives have significantly accelerated the diversification of the national energy portfolio.

Under these frameworks, Saudi Arabia has achieved notable milestones in the renewable energy sector, including setting a global record for the lowest cost of electricity production from solar and wind energy. The Kingdom has also begun implementing sustainable transportation solutions utilizing hydrogen, while actively supporting the broader transition to a low-carbon energy future.

As part of these efforts, Saudi Arabia has taken practical steps to develop hydrogen-powered transportation solutions and to expand its reliance on low-carbon energy sources. These initiatives are aimed at ensuring the long-term sustainability of the Kingdom’s energy resources, thereby advancing sustainable development and supporting the creation of a thriving green economy.

In the field of energy storage, Saudi Arabia now ranks among the world’s top ten markets. Current projects provide 26 gigawatts of storage capacity, with a target of reaching 48 gigawatts by 2030. Among these projects is the Bisha Energy Storage Project, one of the largest of its kind in the Middle East and Africa, boasting a capacity of 2,000 megawatt-hours and housing 488 state-of-the-art battery containers.

The Kingdom has also made significant advancements in the conventional energy sector. Two new oil fields and two unconventional reservoirs were discovered in the Eastern Province, reinforcing Saudi Arabia’s standing as a leading global energy supplier. These new discoveries produce approximately 11,437 barrels per day of Arabian oil and 9.39 million standard cubic feet per day of associated gas.

In addition, two natural gas fields and two reservoirs were discovered in the Empty Quarter, yielding 140 barrels per day of condensates and 19.5 million standard cubic feet per day of associated gas.

 

 

 



Source link

admin
  • Website

Keep Reading

US, China Reach Deal to Cut Trade Deficit, US Officials Say

Saudi Industrial Production Index Up 2.0% in March 2025

How Oil Forged the US-Saudi Strategic Alliance

Trump to Visit Saudi Arabia as Major Announcements Expected

US, Chinese Officials Start Geneva Talks on Easing Trade War

Saudi Arabia Strengthens Relations with Danish Private Sector to Boost Bilateral Trade

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

On the vain hunt for black swans in dynamic Dubai

May 9, 2025

US moves to fast-track deals with Middle East nations

May 9, 2025

Morocco aims to reclaim its emerging market status

May 8, 2025

UAE and Saudi Arabia diverge on US treasuries

May 8, 2025
Latest Posts

Saudi oil giant Aramco posts 5% dip in first-quarter profit

May 11, 2025

Trump heads to Middle East with oil, arms, nuclear ambitions in focus

May 9, 2025

Saudi fund deepens investment in women’s professional golf

May 7, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to The Oasis Report, your trusted source for the latest news and insights on startups, markets, business, economy, and finance in Saudi Arabia. We are dedicated to providing timely, accurate, and in-depth coverage of the ever-evolving financial and business landscape in the region.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.