Sinan.47 Posted March 28, 2018 Posted March 28, 2018 With a $ 200 billion investment agreement signed between the Saudi Arabian government and Japanese SoftBank, the world's largest solar energy facility will be established. Muhammad bin Selman, the crown prince of Saudi Arabia, who was in contact in the US, and Masayoshi Son, the founder of SoftBank, announced the project at a press conference they held. WANT TO REDUCE PETROLE DEPENDENCES Saudi Arabia, the world's largest crude oil exporter, is taking steps to reduce the country's economy's dependence on oil. Solar energy investment is also a step taken in this direction. SOLAR ENERGY ESTABLISHMENT The project envisions the construction of a 200 gigawatt solar energy field. This ratio is twice as high as that of China, which has 100 gigawatts of installed solar energy power. Prince Mohammed, who said the project is an important step, said: "It is a big step for the history of humanity, it is an ambitious and risky project. ELECTRICITY PRODUCTION INCREASES THREE FLOOR If the giant solar energy project planned by Saudi Arabia is outdated, it is likely that the kingdom will triple its electricity generation. By 2016, Saudi Arabia's electricity production was at 77 gibawatt. Two thirds of this production is provided by natural gas, and the remaining three units are supplied by oil. SoftBank founder Masayoshi Son stated that the project will create jobs for 100,000 people. Lastly, "Saudi Arabia has a magnificent sun, there are vast landmarks and wonderful engineers for Panels, but most importantly there is an appreciated vision."
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