Saudi Arabia recently announced it will invest $100 billion in developing renewable energy, and particularly solar power. Whilst a third of this amount will be allocated to building nuclear power plants, the majority will be used to develop other sources, in particular solar power.
According to Saudi Aramco, the Kingdom experiences roughly 3000 hours of sunlight annually, and features “empty stretches of desert that can host solar arrays and vast deposits of clear sand that can be used in the manufacture of silicon photovoltaic cells”.
The drivers for the development of solar infrastructure and its monetarization are plentiful. Aside from having one of the highest solar radiation averages in the world, the Saudi Arabian private sector has the financial strength to launch solar power generation and manufacturing once the technologies reduce opportunity costs and supported by governmental incentives.
by rizrazi15 months ago
I came to know that the Rape as a Crime is highest in USA, Here i would like to know the views of peoples .. WHY???
by Deforest4 years ago
Saudi Arabia ruled by the Saudi house, no need to say that it is a dictatorship, is aiming at acquiring the nuclear weapon. It is one if not the most extremist and fundamentalist muslim country in the world. Iran's...
by Susie Lehto5 months ago
Barack Obama will be lucky to average a 1.55% GDP growth rate.According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the...
by Deforest2 years ago
For the Atlanticist press, the Islamic State in Iraq and the Levant (ISIL). which has just invaded the north and west of Iraq. is a group of jihadists led by their faith, the Koran in one hand and a Kalashnikov in the...
by Madame X6 years ago
Said only the way a Brit could say it http://dotsub.com/view/84f5c72d-b0ba-40 … c40995e011
by Stacie L5 years ago
RIYADH, Saudi Arabia (AP) Saudi Arabia's King Abdullah, considered a reformer by the standards of his own ultraconservative kingdom, decreed on Sunday that women will for the first time have the right to vote and...
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.