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    Home > Chemicals Industry > International Chemical > SoftBank announced a $200 billion Saudi solar power project

    SoftBank announced a $200 billion Saudi solar power project

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    On March 38, SoftBank Group CEO Masayoshi Son announced a $200 billion solar power project
    in Saudi Arabia.
    It would be SoftBank's largest investment
    ever.

    SoftBank announced a $200 billion Saudi solar power project

    The project is in collaboration
    with Saudi Arabia's Crown Prince Mohammed bin Salman.
    The crown prince is a partner
    in the SoftBank Vision Fund, which was established in 2016.

    The fund has invested in companies
    in the United States, India and Europe.
    The deal, announced at a press conference in New York, is Saudi Arabia's first major deal
    .

    Son said the abundance of sunshine and land, as well as Saudi Arabia's engineers and tech crowd, make solar energy lucrative here
    .

    Son said the project will create 100,000 jobs, reduce Saudi Arabia's dependence on oil, generate 200 gigawatts of electricity by 2030, and sell electricity internationally
    .

    Son described the project as "the world's largest solar power project.
    "
    According to reports, at first solar panels will be imported, but later projects will include a panel manufacturing and assembly plant
    .

    Construction of the solar power project will begin immediately, and electricity generation
    is expected to begin next year.

    On March 38, SoftBank Group CEO Masayoshi Son announced a $200 billion solar power project
    in Saudi Arabia.
    It would be SoftBank's largest investment
    ever.

    Solar power generation

    SoftBank announced a $200 billion Saudi solar power project

    SoftBank announced a $200 billion Saudi solar power project

    The project is in collaboration
    with Saudi Arabia's Crown Prince Mohammed bin Salman.
    The crown prince is a partner
    in the SoftBank Vision Fund, which was established in 2016.

    The fund has invested in companies
    in the United States, India and Europe.
    The deal, announced at a press conference in New York, is Saudi Arabia's first major deal
    .

    Son said the abundance of sunshine and land, as well as Saudi Arabia's engineers and tech crowd, make solar energy lucrative here
    .

    Son said the project will create 100,000 jobs, reduce Saudi Arabia's dependence on oil, generate 200 gigawatts of electricity by 2030, and sell electricity internationally
    .

    Son described the project as "the world's largest solar power project.
    "
    According to reports, at first solar panels will be imported, but later projects will include a panel manufacturing and assembly plant
    .

    Construction of the solar power project will begin immediately, and electricity generation
    is expected to begin next year.

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