Saudi solar energy comes of age at the stroke of midnight in New York | Arab News:
"The tension had been building for some hours in New York City, but when the deal finally came it was well worth the wait. The provisional agreement that was announced just before midnight could well turn out to be the tipping point in the global quest for renewable energy.
Mohammed bin Salman, crown prince of Saudi Arabia, the world’s biggest exporter of oil, and Masayoshi Son, the far-sighted founder of high-technology finance house SoftBank, signed a memorandum of understanding that looks set to revolutionize the solar energy industry.
With a potential value of $200 billion by the time the project is completed in 2030, the deal is one of the biggest in the history of the Kingdom. Only the project to develop Neom, the futuristic urban development straddling the northern borders of the Red Sea, is bigger — with an estimated cost of $500 billion."
'via Blog this'
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