How PIF is redefining the future of renewables
Powering clean-energy innovation in Saudi Arabia and globally
supporting the utilities & renewables sector
of Saudi Arabia’s renewables target by 2030 to be developed by PIF
pledge by PIF to reach net zero
tons of carbon-free hydrogen to be produced by NEOM Green Hydrogen Company (daily average after plant completion)
investment by PIF and its partners in eight renewable energy projects currently under development through ACWA Power and Badeel
In Focus
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![Majed Althagafi, Senior Project Engineer at ENOWA, talks about his dedication to accelerating change in Saudi Arabia and globally.]()
30 October 2024Majed Althagafi, Senior Project Engineer at ENOWA, talks about his dedication to accelerating change in Saudi Arabia and globally.
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03 October 2024PIF’s investments in renewables are positioning Saudi Arabia as a world leader in clean power.
Our investments in Utilities and Renewables
As a pioneering force in global investment, PIF is dedicated to investing across the renewables sector. Our range of investments are revolutionizing the sector, driving innovation, fostering growth within the industry, and amplifying local empowerment and talent recognition. Our vision, efforts and achievements within this industry reaffirm PIF's position as a catalyst for positive change in the world, and the global business landscape.
PIF strengthens renewable energy localization in Saudi Arabia with three new joint ventures
PIF has today announced the signing of three new agreements to localize in Saudi Arabia the manufacturing and assembly of equipment and components needed for solar and wind power.
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Green Finance Framework
PIF is instrumental in supporting Saudi Arabia's green agenda, to accelerate the diversification of the domestic economy and to unlock new sustainable sectors.
