RIYADH - Saudi Arabia's energy minister on Monday said that the kingdom plans to invest 380 billion riyals ($101 billion) in renewable energy projects and a further 142 billion riyals in energy distribution through 2030.

Prince Abdulaziz bin Salman al-Saud was speaking at a budget conference in Riyadh. ($1 = 3.7513 riyals)

(Reporting by Yousef Saba Editing by David Goodman ) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))