Saudi Arabia Wind Power Market: Capacity Expansion, Clean Energy Growth Ahead

Saudi Arabia’s wind power market is gaining steady momentum as the country accelerates its clean-energy transition and expands its renewable generation mix. According to IMARC Group's latest research publication, The Saudi Arabia wind power market size reached USD 873.45 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,369.48 Million by 2033, exhibiting a growth rate (CAGR) of 4.60% during 2025-2033. This measured growth reflects several structural shifts shaping the Kingdom’s power landscape: rising commitments under national sustainability programs, increasing investment in utility-scale wind projects, and supportive policy mechanisms driving diversification away from conventional energy sources. IMARC highlights how large-scale renewable tenders, improved grid readiness, and a strong push toward energy security are key factors supporting the sector’s expansion.

How Vision 2030 is Transforming Saudi Arabia Wind Power Industry?

Saudi Arabia's Vision 2030 is revolutionizing its wind power market by aiming for 16 GW of capacity by 2030, within a 58.7 GW renewable energy target. Landmark projects like the 400 MW Dumat Al Jandal Wind Farm, the Kingdom's first large-scale onshore initiative, exemplify this shift. Backed by $8.3 billion in investments for 15 GW of wind and solar, these efforts attract foreign direct investment, create jobs, and drive technological innovation, diversifying the economy and curbing oil reliance.

Saudi Arabia Wind Power Market Growth:

Saudi Arabia's wind power market is growing rapidly due to the country's abundant wind resources, particularly along the Red Sea coast. Wind speeds in these areas often exceed 7 meters per second, providing ideal conditions for efficient wind turbine operations. The government's commitment to diversifying its energy mix is evident in programs aiming to generate 50% of electricity from renewables, with wind playing a critical role. Major projects like the 1.5 GW Dawadmi Wind IPP Plant highlight large-scale investment, setting new benchmarks for low-cost electricity generation at approximately 1.34 US cents per kilowatt-hour, reinforcing wind’s economic viability.​

Regulatory support and centralized procurement by the Saudi Power Procurement Company streamline project development, foster transparency, and stimulate investor confidence. Recently, multi-billion-dollar wind energy tenders attracted global players such as KEPCO, which secured contracts worth $2.4 billion. The government’s facilitation of public-private partnerships accelerates infrastructure growth, while policies incentivizing local manufacturing and supply chain participation bolster domestic industry. These strategic actions enable rapid expansion of wind capacity and integration into the national grid, supporting Vision 2030’s clean energy targets.​

Saudi Arabia Wind Power Industry Segmentation:

The report has segmented the market into the following categories:

Location Insights:

• Onshore
• Offshore

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent Developments in Saudi Arabia Wind Power Market

• August 2025: Saudi Arabia's Ministry of Energy launches comprehensive wind resource mapping project utilizing artificial intelligence and cutting-edge data collection technologies to rank sites for optimal renewable energy project development nationwide.
• July 2025: NEOM megacity announces integration of advanced offshore wind farms with 2 GW capacity, featuring next-generation turbine technology and smart grid connectivity to power the futuristic urban development project.
• June 2025: Saudi Arabia's Public Investment Fund (PIF) commits USD 5 billion investment in domestic wind energy projects, focusing on hybrid renewable systems combining wind, solar, and battery storage technologies.

Future Outlook

Saudi Arabia’s wind power market shows a promising future outlook, supported by expanding renewable energy goals, accelerating project development, and strong government backing. Growing investor interest, improved turbine performance, and enhanced transmission networks are expected to boost efficiency and deployment across key regions. As the nation intensifies efforts to diversify its energy mix, rising clean electricity demand and strategic collaborations will further elevate wind power’s role in strengthening long-term sustainability and energy resilience.