Posted on 03/29/2018 2:20:50 AM PDT by CincyRichieRich
Saudi Arabia wants to pour $200 billion into solar to build the world’s largest solar project.
The Saudi sovereign wealth fund and SoftBank Group Corp. of Japan jointly announced plans to build a solar project that is staggering in size – 200 gigawatts (GW) by 2030. That would be about 100 times larger than some of the largest projects in the world right now. “It’s by far the biggest solar project ever,” Masayoshi Son, CEO of SoftBank said at a news conference Tuesday in New York after signing a nonbinding agreement with Saudi Crown Prince Mohammed bin Salman (MbS).
The project would begin with a $5 billion investment, initiated this year, which would translate into about 7.2 GW, slated to come online in 2019.
The logic of massive and aggressive development of solar in Saudi Arabia is obvious. Sunshine is not a scarce resource. The country burns oil for about a third of its electricity, a costly way of generating power both environmentally and in terms of lost oil exports. SoftBank’s Son said the 200 GW of solar would cut electricity costs by $40 billion while creating some 100,000 jobs.
(Excerpt) Read more at oilprice.com ...
PDJT met with Saudis...lots of CIA-controlled family were captured...he made it clear their oil game was over, and we would be #1 in oil.
Duh.
More evidence that Arab inbreeding is creating a race of idiots.
The maintenance cost alone would be staggering. There is no ROI on such a project. It’s as money pit hole.
Better to take that money and invest it in some real alternative energy research groups — not these groups who merely advocate global warming and build models using spreadsheets and high school math to lay it all out how cost effective these money pits are.
Thorium.
$10 billion for squiggies to clean off the panels.
100,000 jobs... 90 thousand of them squeegee workers. Such a rewarding job though... They are sure to get the cream of the crop.
You really want the Saudis to have nuclear reactors...
You can’t weaponize Thorium. That’s why the US abandoned it in the 50s.
https://newatlas.com/thorium-salt-reactor-experiment/51051/
The largest electrical load is in the daytime due to air conditioning.
No need to store the electricity.
Not a lot of clouds there.
How many Saudis would do manual labor with a squeegee?
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