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SoftBank Is Planning a $1.2 Billion Solar Plant in Saudi Arabia

  • Japanese firm’s relationship with kingdom is under scrutiny
  • Public Investment Fund invested $45 billion in Vision Fund
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SoftBank Plans Saudi Arabia Plant
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SoftBank Group Corp. is planning to develop a $1.2 billion solar power plant in Saudi Arabia, even as it faces growing scrutiny over its relationship with the kingdom, according to people with knowledge of the matter.

The plant, to the north of Riyadh, would generate 1.8 gigawatts of power, the people said, asking not to be identified because the plans are private. SoftBank has started preliminary talks with banks and developers to gauge interest in the facility, they said.