PIF has $925 billion in assets under management, and 95 companies across 13 strategic sectors. In July 2024, PIF signed three joint ventures to localize renewable energy in Saudi Arabia. These ventures aim to manufacture wind turbines and components, photovoltaic cells, and modules, and ingots and wafers for solar power. These agreements have been entered into by the Renewable Energy Localization Company, which is fully owned by PIF. As of 2023, PIF had raised $8.5 billion by issuing two green bonds, of which $1.3 billion had been deployed and invested in 35 green projects, as of June 2023.