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Japanese telecommunications giant SoftBank Group and Saudi Arabia's Public Investment Fund (PIF) are in preliminary financing
talks with lenders on Saudi Arabia's 200 GW solar power plan, Reuters reported.
Saudi Arabia's 200 GW solar power plan starts preliminary financing negotiations
A person familiar with the matter said SoftBank and PIF have been discussing the matter with Saudi Arabia and international banks over the past few weeks to try to determine the appropriate financing options
.
SoftBank Group and Saudi Arabia announced a memorandum of understanding in late March, outlining plans to install 200 GW of PV capacity
in Saudi Arabia over the next decade.
The proposed solar project, estimated at $200 billion, would be the largest of its kind in the world
.
The initial phase will be 7.
2 GW of power plants, requiring $5 billion in investment, including $1 billion from SoftBank's Vision Fund
.
，
Japanese telecommunications giant SoftBank Group and Saudi Arabia's Public Investment Fund (PIF) are in preliminary financing
talks with lenders on Saudi Arabia's 200 GW solar power plan, Reuters reported.
Saudi Arabia's 200 GW solar power plan starts preliminary financing negotiations
Saudi Arabia's 200 GW solar power plan starts preliminary financing negotiationsA person familiar with the matter said SoftBank and PIF have been discussing the matter with Saudi Arabia and international banks over the past few weeks to try to determine the appropriate financing options
.
SoftBank Group and Saudi Arabia announced a memorandum of understanding in late March, outlining plans to install 200 GW of PV capacity
in Saudi Arabia over the next decade.
The proposed solar project, estimated at $200 billion, would be the largest of its kind in the world
.
The initial phase will be 7.
2 GW of power plants, requiring $5 billion in investment, including $1 billion from SoftBank's Vision Fund
.
，
