Saudi Arabia Battery Storage Pricing at $73/kWh Reshapes Global Energy
Saudi storage projects are priced between USD 73/kWh & USD 75/kWh, compared to global average of USD 165/kWh in 2024, lowering battery storage costs outside China.
Riyadh, February 14, 2025, SPA -- The Kingdom of Saudi Arabia has achieved a leading position among the top ten global markets in the field of battery energy storage, coinciding with the launch of the Bisha Project, which has a capacity of 2000 MWh and is one of the largest energy storage projects in the Middle East and Africa.
Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, stated at an event that Saudi Arabia plans to deploy 48GWh of battery energy storage systems by 2030.
According to Saudi Arabia's plans, the installed capacity of energy storage will show a rapid growth trend. In the short term, Saudi Arabia plans to have 8GWh of energy storage projects in operation by 2025, and this figure will increase to 22GWh by 2026.
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