Saudi Gazette report

RIYADH — Saudi Arabia is now implementing renewable energy projects at costs even lower than China and India, Energy Minister Prince Abdulaziz bin Salman said, emphasizing the Kingdom’s global leadership in green hydrogen, battery technologies, and clean energy.

“Saudi Arabia has become cheaper than China and India,” the minister said during the International Workshop on Renewable Energy and Green Hydrogen Exports held in Riyadh on Sunday. “As I always say: catch up with us if you can.”

Prince Abdulaziz stressed the Kingdom’s ability to compete with China even in battery manufacturing, citing the recent project in Bisha and the latest tender round where “we managed to catch up with China.”

The minister highlighted the signing of renewable energy projects with a combined capacity of 15 gigawatts last week, with prices among the most competitive globally.

He said the Kingdom is executing these projects at exceptionally low costs across both wind and solar power sectors.

Prince Abdulaziz also confirmed that Saudi Arabia is already exporting green hydrogen and that the country is working on battery projects with a combined capacity of 48 gigawatts.

He noted that Saudi Arabia is simultaneously advancing carbon capture initiatives, including pipelines and related infrastructure.

In addition to its renewable energy push, the Kingdom is undergoing an unprecedented expansion in gas production and is enhancing its fleet of power generation units with the most efficient systems available globally.