Saudi Arabia and Japan’s SoftBank Group Corp. signed a memorandum of understanding on Tuesday to develop 200 gigawatts of solar power capacity by 2030 in the desert kingdom, with a price tag of $200 billion. Here’s a few points to keep in mind:
It’s a hundred times larger than anything else on the drawing board worldwide and double what the global photovoltaic industry supplied last year, according to data compiled by Bloomberg New Energy Finance.
