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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 EDT

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. 

© 2022 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
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