Saudi Arabia Looks to Secure $109 Billion to Develop its Solar Industry
The
Kingdom Abdullah City for Atomic and Renewable Energy (Ka-care), is
agency set up by Saudi Arabia in April 2010 in order to organise and
oversee the nations renewable energy strategy. Saudi Arabia hopes to
drastically cut its oil consumption, and believes its current plans will
help it to save an average of 523,000 barrels a day over the next 20
years.The latest part of the plan is to secure $109 billion investment
to create a solar industry that can provide a third of the Arab state’s
electricity demand within 20 years.Maher al-Odan,…Read more...
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