Saudi Arabia and Japanese conglomerate SoftBank set out plans to deploy 200GW of PV in the Middle Eastern kingdom by 2030.
The massive solar build – equivalent to roughly double the entire global capacity additions seen in 2017 – will cost $200bn, SoftBank CEO Masayoshi Son told reporters in New York, where he unveiled the plans.
The initiative will be backed by Softbank’s Vision Fund technology investment vehicle, with a first 7.2GW
