Fri, 2023-03-03 12:46
RIYADH: Saudi Arabia and the UAE are leading the region’s fight against climate change by producing 90 percent of the Gulf’s renewable energy, according to S&P Global Ratings.
The US-based agency said that by the end of 2021, installed solar capacity in the two countries surged from 165 megawatts in 2016 to three gigawatts.
This increase helped fuel the renewable energy growth, with the UAE responsible for 77 percent of the output in 2021.
According to the report, Saudi Arabia and the UAE intend to continue making investments in the renewables sector.
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