Energy powerhouse Saudi Arabia launches global stimulus for the renewables sector, creating new opportunities for sponsors and lenders.

The Saudi Arabia Renewable Energy Investment Forum (SARIEF)1 took place in Riyadh this week on 17 and 18 April. The two-day forum introduced the National Renewable Energy Program (NREP) through a series of presentations and workshops led by various government stakeholders. This Client Alert provides insights into the NREP, the opportunities for sponsors and lenders, and how the Government of the Kingdom of Saudi Arabia intends to support the NREP in securing of 9.5GW of renewable energy generation by 2023.