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International Desk: Soudi Arabia, the world's largest oil exporter, is witnessing a significant shift towards solar energy as subsidies on fossil fuel-dependent electricity are being phased out.
The government has set ambitious targets: generating 50% of the nation's electricity from renewable sources by 2030 and achieving net-zero carbon emissions by 2060.
The availability of affordable photovoltaic (PV) panels from China, coupled with government incentives for sustainable development, has spurred businesses across various sectors to install solar panels on their rooftops to cut electricity costs.
Experts believe that the Saudi government's economic reforms, particularly the gradual removal of energy subsidies since 2018, have been the primary driver behind this transition.
AI/MR
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