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Title : Solar Energy Project In Saudi Arabia Called Off -- WSJ -- September 30, 2018
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Solar Energy Project In Saudi Arabia Called Off -- WSJ -- September 30, 2018

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March 28, 2018: ready to roll. Will start with $5 billion this year; initial $1 bill from Saudi/SoftBank Vision Fund.

February 19, 2018: solar will not be enough. The $7-billion solar project will be eclipsed by an $80-billion nuclear energy project. 

30-second elevator speech: instead of $109 billion, Saudi Arabia will now build a solar energy project costing upwards of $7 billion; paid for by the developer.

Renewable implications for the rest of the world? None. Saudi and solar energy is a one-off; possibly the only country where solar energy might make sense. But if truth be told nuclear energy would be a better bet.

It is now being reported that Saudi Arabia has scrapped SoftBank's $200 billion solar energy plan. Wow! Link here.

Saudi Arabia has put on hold a $200 billion plan with SoftBank Group Corp. to build the world’s biggest solar-power-generation project, Saudi government officials said, in a complication for another eye-catching transformation project in the kingdom.

The stalled project marks a setback for a partnership between Saudi Arabia and SoftBank that has pursued ambitious ideas. Together, they have created a $100 billion fund for technology company investments that has resulted in a rush of new money flooding into startups.

The project would have turned the world’s most important oil producer into a giant in solar power, ultimately generating about 200 gigawatts of energy—more than three times what the country needs every day.

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