Saudi Arabia has the world’s second best solar resource after Chile’s Atacama Desert, making investment in solar a no-brainer as an alternative to burning its most precious resource.
The Kingdom has for several years been talking up its plans to become a major player in solar power.
Four years ago a senior oil ministry official told Reuters: “We can export solar power to our neighbors on a very large scale and that is our strategic objective to diversify our economy. It will be huge.”
The goal is to go 30 percent solar by 2030.