×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: wsj | saudi | softbank | solar

WSJ: Saudi Shelves $200 Billion SoftBank Solar Project

Renewable, alternative solar energy, sun-power plant on sky background
(Ssuaphoto/Dreamstime)

Sunday, 30 September 2018 03:43 PM

Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp. to build the world's biggest solar-power-generation project, The Wall Street Journal reported on Sunday, citing Saudi government officials.

No one is actively working on the project, and instead, the Saudi kingdom is working up a broader, more practical strategy to boost renewable energy, to be announced in late October, the WSJ reported.

SoftBank Chief Executive Masayoshi Son had announced in March a plan to invest in creating the world's biggest solar power project in Saudi Arabia, a project expected to have the capacity to produce up to 200 gigawatts (GW) by 2030.

Softbank declined to comment. 

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp. to build the world's biggest solar-power-generation project, The Wall Street Journal reported.
wsj, saudi, softbank, solar
108
2018-43-30
Sunday, 30 September 2018 03:43 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved