Saudi Arabia Unveils $100 Billion Plan To Make Solar ‘A Driver For Domestic Energy For Years To Come’ | ThinkProgress

14 May

In a report from Bloomberg Businessweek on the recent announcement, a consultant with the Saudi government, Maher al- Odan, explained the country’s strategy: “We are not only looking for building solar plants….We want to run a sustainable solar energy sector that will become a driver for the domestic energy for years to come.”

The plan will also help the country save hundreds of thousands of barrels of crude per day. With diplomats and energy experts privately concerned that Saudi Arabia has overstated its oil reserves by as much as 40%, the country will need new resources to make up for declines in production.

via Saudi Arabia Unveils $100 Billion Plan To Make Solar ‘A Driver For Domestic Energy For Years To Come’ | ThinkProgress.

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