Japanese to build the world's largest solar power plant in Saudi Arabia
29 March, 2018, 01:19 | Author: Samuel Sharp
Speaking at the launch in New York, SoftBank founder Masayoshi Son said the project will help Saudi Arabia to get rid off its dependence on oil for electricity and create 100,000 job opportunities. The project itself is expected to cost $100 billion with the capability to produce 200 gigawatts of renewable energy.
Saudi Arabia's Crown Prince Mohammed bin Salman described the oil-rich nation's "bold, risky" move into renewable power as a "huge step in human history".
The Saudi investment is Softbank's second major global solar project. "The Kingdom has great sunshine, great size of available land, and great engineers". The fund has already invested in companies in the U.S., India and Europe.
In light of this new agreement, a new solar company will be established to start-up two solar plants with a capacity to generate 3 gigawatts and 4.2 gigawatts. Electricity demand in the country has risen by as much as 9 per cent a year since 2000, according to BNEF.
SoftBank chief executive Masayoshi Son told reporters that the solar push is "by far the largest solar power project ever".
Included in that would be training facilities, and a complete research and development center in order that new technology can continue to evolve. It is also expected to save the kingdom $40 billion by obviating the need to burn domestically produced oil to generate power. The 32-year-old king-in-waiting and a Saudi delegation are cementing ties with the Trump administration and lining up American investors as the kingdom embarks upon an ambitious plan to diversify its economy.
Softbank has also raised over $93 billion for the Vision Fund, the world's largest private equity fund with backers including Saudi Arabia's sovereign wealth fund, Apple and Foxconn.
To start $5 billion will be used as the initial investment, of which the Japan-based SoftBank fund will give $1 billion.
Netanyahu maintains he is innocent and has denounced allegations against him as a media and police witch hunt. Netanyahu submitted to more than four hours of questioning in the case on Monday, the outlet reported .
Bleecker Street and Soderbergh's Fingerprint Releasing are handling the movie, which reportedly cost a mere $1.5 million to make. DeKnight (in his feature-film directorial debut) and written by DeKnight, Emily Carmichael, Kira Snyder , and T.S.
Nearly 40 percent of respondents believe that the attempted murder was orchestrated by opponents of the Russian authorities. Russian President Vladimir Putin delivers a televised address to the nation in Moscow on March 23, 2018.
Fox released photos from Dark Phoenix earlier this year , and it's been confirmed that Hans Zimmer will be composing the score . After testing the film, 20th Century Fox has elected to bring the film back into production ahead of its release.
Earlier this month, Snapchat drew the ire of many of Rihanna's fans when it posted an ad for the game "Would You Rather". Someone criticized her, and she replied, "you'll never understand the simple reason of 'because I don't want to'".
Families of the victims sued Remington, and while the suit was ultimately dismissed, multiple investors withdrew from the company. Profit growth at Sturm, Ruger & Co.is under severe pressure and the company's shares are down 18 percent this year.
As part of the deal, Uber will take a 27.5% stake in Grab while its chief executive Dara Khosrowshahi will join Grab's board . Grab provides services in Singapore , Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia.
The landmark USA summit - the first meeting between leaders of the USA and North Korea - has been earmarked for May. Photos and video of the train at a Beijing train station circulated online late Monday local time.
Overseas, the film earned an estimated $12.9 million this weekend, bringing its worldwide total to $1.237 billion. The Avengers and Avengers: Age of Ultron are now the top two, with $1.5 billion and $1.4 billion, respectively.
So via this Doodle Google actually display and mark their gratitude to the very famous and fruitful Chipko Movement . The aim of this movement was to raise voice against the rising deforestation for maintaining the ecological balance.
The country also hopes that yuan-denominated futures contracts will help its currency play a bigger role in the global economy. This did not stop global commodity trading giant Glencore from buying the Chinese futures on the first day of trading.
More Spring snow possible
Thursday and most of Friday will feature a little quieter weather, but more and snow will scatter across the area Friday night . Easter Sunday's forecast calls for a 30 percent chance of showers, otherwise it'll be partly sunny, the weather service said.
Germany v Brazil: Back visitors to take their revenge
But it was the Brazilians who were more aggressive in the second half, threatening through Paulinho and Philippe Coutinho . Against Germany , we will want to play football, to be competitive, mentally strong, and put our ideas into play.
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The Senate passed the spending bill by a 65-32 vote early Friday after the House of Representatives approved the measure Thursday. Senator Dianne Feinstein said: "If there is no DACA fix today it's because the president didn't want one".
Rahul Gandhi to tour Vokkaliga heartland
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Michigan Basketball is headed to the Final Four
Loyola's ride has been even more improbable. "Do you think the game came down to the final seconds of the game?" he said. Phil Cofer scored 16 points for Florida State, which shot 7-for-30 from the floor in the second half.