Riyadh – Sharikat Mubasher: Saudi Arabia entered the ranks of the world’s top ten investors in renewable energy for the first time, reflecting the Kingdom’s accelerating efforts to diversify its energy mix.

According to a recent study by the Arab Energy Organization, Saudi Arabia invested nearly $34 billion in electricity transition projects in 2025, pushing it ahead of Canada in the global ranking of renewable energy investors.

The report noted that Saudi renewable energy investments increased by around 70% compared with the previous year, marking one of the fastest growth rates among major energy markets.

Despite the strong expansion, the Kingdom’s spending remains significantly lower than that of the world’s largest investors. The study indicated that China and the United States together accounted for more than half of global energy transition investments, with spending of about $800 billion and $378 billion, respectively, out of a worldwide total estimated at $2.3 trillion.

The report also highlighted that Saudi Arabia’s renewable energy investments have grown steadily over the past five years, increasing by roughly 20 to 35% annually. The expansion reflects the Kingdom’s broader strategy to preserve its hydrocarbon resources while building a more diversified energy system.

Saudi Arabia aims to generate 50% of its energy from renewable sources by 2030, part of a wider national energy transition plan that targets net-zero emissions by 2060. The study suggested that the Kingdom is likely to maintain strong momentum in renewable investments in the coming years as these initiatives continue to expand.