Investment leader Samer Choucair stated that the world has effectively entered a new phase where renewable energy is no longer just an environmental alternative, but has transformed into the most efficient and profitable option on both economic and strategic levels.
Choucair added that the International Renewable Energy Agency (IRENA) report on 24/7 renewable energy systems revealed a historic turning point in energy markets, after solar and wind energy supported by storage systems proved their ability to provide stable electricity at a competitive cost that often outperforms traditional fossil fuels.
IRENA Report Confirmed the Changing Rules of the Global Energy Market
Samer Choucair explained that the “24/7 Renewable Energy” report issued by IRENA showed that the integration of solar, wind, and modern battery storage technologies has become capable of producing electricity at a cost ranging between 54 and 82 dollars per megawatt-hour in regions with abundant natural resources.
Choucair pointed out that these costs have become significantly lower than the costs of building and operating new gas and coal plants in a large number of global markets.
Choucair added that the world witnessed during the year 2025 the addition of about 692 gigawatts of new renewable capacities, bringing the total global renewable energy to more than 5.15 terawatts, while clean energy sources accounted for about 85.6% of the total new additions in global electrical capacity.
Choucair emphasized that these figures no longer reflect just an environmental shift, but indicate a comprehensive restructuring of the global energy and economic system.
Geopolitical Tensions Redefined Energy Security
Samer Choucair said that recent geopolitical crises, especially regarding disturbances in the Strait of Hormuz, revealed the fragility of traditional reliance on oil and gas routes.
Choucair explained that the near-total slowdown experienced by one of the world’s most important energy transport corridors brought back to the forefront the importance of diversifying energy sources and enhancing the strategic security of nations.
Choucair added that what is happening today is not just a temporary crisis, but a clear message that excessive reliance on fossil fuels has come to carry increasing economic and geopolitical risks.
Choucair pointed out that investment in renewable energy is no longer a decision linked only to environmental sustainability, but has transformed into a key element in the national and economic security strategies of major countries.
Saudi Arabia Moves at the Heart of the Global Energy Transformation
Samer Choucair emphasized that the Kingdom of Saudi Arabia has become one of the most prominent countries leading this global transformation within the targets of Vision 2030.
Choucair explained that the Kingdom aims to reach 50% of the electricity energy mix from renewable sources by 2030, alongside plans to produce about 58.7 gigawatts of solar energy.
Choucair noted that massive projects such as Sudair, Al-Rass, and NEOM clearly reflect that Saudi Arabia is no longer just a consumer of global technologies, but has become a major player in reshaping the future of energy globally.
Choucair said that Vision 2030 has transformed renewable energy from an environmental goal into a massive economic and investment driver, especially with strong government support and the expansion of international partnerships.
Choucair added that the Kingdom possesses exceptional elements of superiority including geographical location, abundance of solar energy, and modern infrastructure, making it one of the most attractive markets for investment in clean energy.