Saudi Arabia’s big businesses are embracing solar power as they seek to save on energy costs after the government eliminated electricity subsidies in the world’s largest oil exporter.
Encouraged by decreasing photovoltaic panel costs and the state’s sustainability targets, several large companies, in sectors ranging from logistics to retail, have installed rooftop solar panels in recent months.
The Saudi government wants half of the kingdom’s power generation to come from renewable sources by 2030 and to achieve net zero by 2060.
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