"K.A.CARE was established by Royal order A/35 of H.M. King Abdullah bin Abdulaziz Al Saud on 17th April 2010 with the fundamental aim of building a sustainable future for Saudi Arabia by developing a substantial alternative energy capacity fully supported by world-class local industries."
(Source: https://www.kacare.gov.sa/en/about/Pages/royalorder.aspx)
The K.A.CARE's initial aim was to deploy 54GW of renewable electricity by 2032: solar – 41GW; wind – 9GW; waste-to-energy – 3GW; and geothermal – 1GW.
(Source: https://www.kacare.gov.sa/en/FutureEnergy/Pages/vision.aspx)
The 54 GW renewable electricity target is considered to be de facto national target.
(Source: https://www.irena.org/DocumentDownloads/masdar/Abdulrahman%20Al%20Ghabban%20Presentation.pdf)
In 2015, the timeline for installing the 54GW renewable power capacity was moved backward by 8 years to 2040.
(Source: http://www.bloomberg.com/news/articles/2015-01-20/saudi-arabia-delays-109-billion-solar-plant-by-8-years)