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Building The World’s Largest Solar Project

April 2nd, 2018
Categories: Past News

Link: https://oilprice.com/Alternative-Energy/Solar-Energy/Building-The-Worlds-Largest-Solar-Project.html

Saudi Arabia wants to pour $200 billion into solar to build the world’s largest solar project.

The Saudi sovereign wealth fund and SoftBank Group Corp. of Japan jointly announced plans to build a solar project that is staggering in size – 200 gigawatts (GW) by 2030. That would be about 100 times larger than some of the largest projects in the world right now. The country burns oil for about a third of its electricity, a costly way of generating power both environmentally and in terms of lost oil exports. SoftBank’s Son said the 200 GW of solar would cut electricity costs by $40 billion while creating 100,000 jobs.

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