Renewable energy group Masdar opens office in Riyadh.

Masdar, one of the world’s fastest-growing renewable energy companies, has pledged to strengthen its support for Saudi Arabia’s clean energy objectives, with the opening of a new dedicated office in the kingdom. 

The strategic move comes at a time when Saudi Arabia is planning to generate 50% of its electricity from clean sources by the end of this decade, targeting 58.7 GW coming from renewable sources. 

The world’s biggest oil exporter has also pledged to cut its carbon emissions to net zero by 2060, with plans to invest more than $180 billion to reach that goal. 

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