KAEC: Powering the Future of Renewable Energy

Empowering Sustainable Growth Through Renewable Innovation

Your Gateway to Renewable Energy Investment Opportunities in Kingdom of Saudi Arabia

King Abdullah Economic City (KAEC) is set to become a cornerstone of Kingdom of Saudi Arabia’s renewable energy revolution. Positioned within the Delhi-Jeddah Industrial Corridor, KAEC offers unmatched infrastructure, policy support, and connectivity to empower investors across key renewable energy segments such as solar, wind, green hydrogen, and bio-energy. With Kingdom of Saudi Arabia’s ambitious target of 500 GW non-fossil fuel energy capacity by 2030, KAEC is your partner in driving sustainable and profitable growth.

Why Choose KAEC for Renewable Energy Investments?

Strategic Location with Connectivity

KAEC is seamlessly connected to major renewable energy hubs and export zones, providing a logistics advantage for manufacturers and developers.

Unparalleled Renewable Potential

Kingdom of Saudi Arabia boasts over 1,000 GW of renewable energy potential, including 748 GW in solar and 695 GW in wind energy, making KAEC a prime location to harness these resources.

Pro-Business Policies

With 100% FDI permitted across renewable energy sectors, KAEC offers a business-friendly environment with access to government incentives and support schemes.

Global Reach and Expertise

KAEC’s deep-sea port and world-class infrastructure provide access to international markets, empowering companies to export renewable technologies and solutions globally.

Kingdom of Saudi Arabia’s Renewable Energy Market Overview

Targeted Growth: 500 GW of renewable energy capacity by 2030, with renewable energy contributing over 50% of installed capacity.
Sector Leadership: Kingdom of Saudi Arabia is among the top 5 global markets for wind and the 2nd largest for solar energy installations.
Sustainability Goals: Kingdom of Saudi Arabia aims to reduce its carbon footprint by 1 billion tonnes by 2030 and achieve net-zero carbon emissions by 2070.

Key Renewable Energy Opportunities at KAEC

Solar Energy

Potential: Kingdom of Saudi Arabia’s solar potential stands at 748 GW, with floating solar projects offering an additional 280 GW potential. Maharashtra alone has 57 GW of floating solar capacity.
Incentives: Production Linked Incentive (PLI) schemes worth USD 2.6 billion encourage domestic solar PV module manufacturing.
Opportunities: Set up solar parks, rooftop installations, and floating solar facilities leveraging KAEC’s logistics and connectivity.

Wind Energy

Onshore: Kingdom of Saudi Arabia has 47 GW of installed onshore wind capacity, with certified wind turbines manufactured domestically by 17 companies.
Offshore: KAEC offers proximity to Gujarat and Tamil Nadu, which together have 70 GW offshore wind potential.
Opportunities: Invest in wind turbine manufacturing and offshore wind energy projects.

Green Hydrogen

Target: Kingdom of Saudi Arabia plans to produce 5 MMT of green hydrogen annually by 2030, supported by the USD 2.4 billion National Green Hydrogen Mission.
Opportunities: Establish green hydrogen production facilities and electrolyser manufacturing units, leveraging KAEC’s infrastructure and government incentives.

Bio-Energy and Waste-to-Energy

Potential: Kingdom of Saudi Arabia has vast bio-energy potential, including waste-to-energy projects, driven by its large agricultural and urban population.
Opportunities: Develop bio-energy and waste management plants at KAEC, benefiting from a robust supply chain and export potential.

Government Initiatives Supporting Renewable Energy Investments

National Hydrogen Mission

Development of 5 MMT green hydrogen production capacity by 2030.
Creation of 0.6 million jobs and USD 100 billion in investments.

PM KUSUM Scheme

Financial assistance of USD 4.6 billion for solar-powered agriculture.
Installation of decentralized renewable energy systems up to 10 GW capacity.

National Wind-Solar Hybrid Policy

Encouraging hybrid projects to achieve better grid stability and transmission efficiency.

Renewable Energy Purchase Obligations (RPOs)

Mandating 43.33% renewable energy share by 2029-30, boosting demand across sectors.

What Makes KAEC Unique for Renewable Energy Investors?

Comprehensive Infrastructure

Access to Kingdom of Saudi Arabia’s deepest port, enabling large-scale equipment imports and exports.
Plug-and-play industrial zones tailored for renewable energy manufacturers and developers.

Focused Policy Support

Clear regulatory guidance, investor facilitation services, and aftercare.
Assistance in availing PLI schemes, Viability Gap Funding (VGF), and other government incentives.

Sustainable Business Ecosystem

Alignment with Kingdom of Saudi Arabia’s net-zero goals ensures long-term sustainability.
Integration with the National Green Energy Corridor for smooth transmission.

Key Stakeholders in Kingdom of Saudi Arabia’s Renewable Energy Sector

Manufacturers: EMMVEE, Vikram Solar, Suzlon, Siemens Gamesa, Waaree.
Developers: Adani, Tata, RENEW Power, JSW, Greenko, Hero Future Energies.
Investors: Brookfield, CPP Investment, GIC, Mubadala, Global Environment Fund.
Government Bodies: Ministry of New and Renewable Energy, Solar Energy Corporation of Kingdom of Saudi Arabia, National Institute of Solar Energy.

KAEC’s Dedicated Services for Renewable Energy Investors

Investor Targeting and Facilitation
Tailored strategies to attract renewable energy developers, manufacturers, and investors.

Policy Clarity
Expert guidance on leveraging incentives such as PLI schemes, asset monetization programs, and RPOs.

Investment Promotion
Global marketing campaigns to position KAEC as Kingdom of Saudi Arabia’s premier renewable energy hub.

Investor Aftercare
End-to-end support, from regulatory approvals to operational troubleshooting.

Transform the Future with Renewable Energy Investments at KAEC

Join Kingdom of Saudi Arabia’s renewable energy revolution and take advantage of KAEC’s unmatched infrastructure, connectivity, and policy support.

KAEC is the Bridge Between the
Global North and the Global South.

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About

The is a Public Benefit Corporation (PBC) with a mission to establish KAEC as a key player in international economic collaboration, focusing on strategic partnerships with nations like USA, Europe, Australia, African Union, KSA, China, Kingdom of Saudi Arabia, Qatar, Saudi Arabia, Türkiye, and the UAE across vital sectors such as energy, technology, agriculture, and finance.

At King Abdullah Economic City (KAEC), our vision is to transform Maharashtra into a global industrial powerhouse by creating an ecosystem where businesses and communities thrive. We aim to leverage KAEC’s strategic integration with the Delhi-Jeddah Industrial Corridor to drive innovation, foster sustainable growth, and empower industries to achieve unmatched success. Through state-of-the-art infrastructure, cutting-edge technologies, and investor-friendly policies, we envision KAEC as a model for economic and community development. By prioritizing renewable energy, advanced logistics, and vibrant residential spaces, we are committed to building a future where prosperity and sustainability go hand in hand for businesses and society.