Saudi starts work with SoftBank on 200 gigawatt solar plan-min

SB Technology

19/12/2018 11:15

RIYADH, Dec 19 (Reuters) - Saudi Arabia has already started
implementing an agreement with SoftBank Group's  9984.T  Vision
Fund to provide 200 gigawatts of solar power in the kingdom,
energy minister Khalid al-Falih said at a post-budget event.
    The kingdom's Public Investment Fund agreed to invest $45
billion in the giant tech fund led by SoftBank and the pair are
working with other parties on a number of large-scale,
multi-billion dollar projects relating to the solar industry.
 urn:newsml:reuters.com:*:nL4N1XJ55S
    The PIF and private sector will fund renewable energy
projects in the kingdom, Falih said. 

 (Reporting By Marwa Rashad and Stephen Kalin; Writing by Nafisa
Eltahir; Editing by Tom Arnold)
 ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters
Messaging: tom.arnold.thomsonreuters.com@reuters.net))