The Solar Power Project, which is part of SoftBank's Vision Fund initiative, aims to develop 200 gigawatts (GW) of solar power by 2030 in Saudi Arabia. To put this into perspective, this capacity is capable of powering millions of homes and is an immense leap in the nation's energy. . Saudi Arabia is located in the Arabian Peninsula, where it receives 12 hours of sun a day. [1] Saudi Arabia has the potential to supply its electrical needs solely with solar power. [citation needed] As the largest oil producer and exporter in the world and one of the largest carbon dioxide. . SoftBank & Saudi Arabia to Build World's Largest Solar Power Plant In recent years, the world has witnessed an increasing commitment to renewable energy sources, especially solar power, as nations strive to reduce carbon emissions and combat climate change. Among the significant developments in. . World's largest solar power development is being built as a collaboration between Saudi Arabia and the SoftBank Group Corp. Saudi Arabia and. . In remarks made to reporters on March 27, SoftBank CEO Masayoshi Son and Saudi Crown Prince Mohammed bin Salman announced they had signed a memorandum of understanding to build the largest solar project in history.
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