Saudi Arabia's Vision 2030 and its delivery plan

The "Saudi Arabia's Vision 2030" sets among other goals an initial target of generating 9.5 gigawatts of renewable energy by 2023 (timeline was specified on 5 May 2016 by Saudi Government). The vision also foresees other measures to build a competitive renewable energy sector, such as localising a significant portion of the renewable energy value chain inside Saudi economy, including research & development and manufacturing, and gradually liberalising the energy market. The "King Salman Renewable Energy Initiative" is also to be launched to support reaching the 9.5GW goal.