Saudi Arabia has a plan to wean its economy off oil. In the biggest sign of what the future of the Gulf state would look like, Saudi Arabia’s crown prince, Mohammed Bin Salman, has signed a memorandum of understanding with Japanese multinational Softbank to build 200 GW of solar power by 2030 at a cost of $200 billion.
These are eye-popping numbers. If built, that solar-power plant will be about 200 times the size of the biggest solar plant operating today. It would more than triple Saudi Arabia’s capacity to produce electricity, from about 77 GW today.
With current technology, solar panels capable of generating 200 GW would likely cover 5,000 sq km—an area larger than the the world’s largest cities. More at Qz.com