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Saudi Arabia Shelves Work on SoftBank’s $200B Solar Project

28 pointsby yazrover 6 years ago

3 comments

yazrover 6 years ago
<a href="http:&#x2F;&#x2F;archive.is&#x2F;wLsRa" rel="nofollow">http:&#x2F;&#x2F;archive.is&#x2F;wLsRa</a><p>&gt; An alternative plan is to be announced in late October 18.
olivermarksover 6 years ago
&#x27;...the officials and the adviser said the Saudi kingdom is working up a broader, more practical strategy to boost renewable energy, to be announced in late October around the time of an investment conference in Riyadh. The announcement will help clarify the kingdom’s renewable energy goals, a Saudi official said&#x27;.<p>SA&#x2F;MBS &amp; Softbank are making some big bets and are being pretty agile about it IMO, this isn&#x27;t another big project that&#x27;s out of date by the time they get going on it...
wrong_variableover 6 years ago
Its a wise move considering solar might get much cheaper by 2030.<p>At this point though the main expense is not the panels but the more complex task of logistics, operational, etc.<p>It could also generate a lot of jobs for Saudi citizens but I do not think the average Saudi would be interested doing the job of installing solar panels.<p>Solar is a really good bet for the Saudis, they just need to execute it well.
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