Saudi ACWA Power Leads $8.3 B Renewables Investment

In mid-July 2025, Saudi Arabia unveiled its largest-ever renewable investment—$8.3 billion for seven solar and wind projects led by ACWA Power. Aligned with Vision 2030, the projects aim to supply 50% of the Kingdom’s electricity from renewables by 2030. While backed by Aramco and the Public Investment Fund, long-term success will depend on environmental safeguards, local engagement, and delivering inclusive benefits.