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Saudi Arabia’s $109 billion solar energy plan

Saudi Arabia Plans $109 Billion Boost for Solar Power Bloomberg, By Wael Mahdi and Marc Roca – May 10, 2012  Saudi Arabia  is seeking investors for a $109 billion plan to create a solar industry that generates a third of the nation’s electricity by 2032, according to officials at the agency developing the plan….

“We are not only looking for building solar plants,” al- Odan said in an interview in Riyadh yesterday. “We want to run a sustainable solar energy sector that will become a driver for the domestic energy for years to come.”…

May 11, 2012 - Posted by | renewable, Saudi Arabia

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