Saudi Arabia Set to Build the World’s Largest Solar Project
Conferring to a recent information which was produced from the United States Energy Information Administration (EIA), Saudi Arabia is a big country that produces a large percentage of the world’s oil and it also occupies the second position as the world’s oil-producing nation. It is also necessary to know that this country also gets 60% of its own electricity from petroleum.
However, Saudi Arabia recently signed the Paris Agreement action plan, but it was seen as not been enough or sufficient according to the Climate Action Tracker late last year. Nevertheless, Saudi Arabia is set to become one of the revolutionary countries to take a great action against climate change by building the biggest solar project in history.
On Tuesday, the country publically declared that it is making plans to build the world’s largest solar project in conjunction with Japanese tech conglomerate Softbank, Bloomberg reported.
In another report by Bloomberg, it is estimated that Saudi Arabia’s project will be built in the county and the project is said to produce more than 150,000 jobs and also 200 GigaWatts of power by 2030, which is more than the next biggest project in Australia, called the Solar Choice Bulli Creek PV Plant.
Furthermore, it is also necessary to know that this is an important step in combating climate change and the Saudi Prince, Mohammed Bin Salman stated to Bloomberg that, “it’s bold and risky and we hope we can succeed in this project that we are about to undertake.”
Making use of the solar energy is a reasonable choice by the Saudi government. However, due to the fact that the country’s capital, Riyadh, has an average of 8 to 9 hours of sunshine every day, the country will be greatly affected by climate change if global temperatures hit a point above 1.5 degree centigrade.
The Climate Action Tracker has a made it known that if the temperature of the world increases to three or four degrees Celsius, about 75% of the country, Saudi Arabia, would greatly turn to desert a nation at the end of the century. This is true, due to the excessive temperature as a result of climate change which would greatly make the environment inhabitable.
“Saudi Arabia has a high level of sunshine and large lands which can be exploited by different works of life, like engineers. It also has a powerful labor force, and above all, the country has great plans for the future,” said SoftBank pioneer, Masayoshi Son, in a new project, which was reported by Bloomberg.
In accordance to the great future plans by the country, Fortune has made it clear the summary of all the total solar power projects that exist in the world is close to 400 gigawatts, thus, only doubling the solar power project produced by Saudi Arabia. Another great fact is that Saudi Arabia’s solar power project also quadruples China’s Tengger Desert Solar Park, which is currently the biggest solar power installation and it generates more than 2 gigawatts. Due to the fact that Saudi’s project will produce about 7.2 gigawatts by next year, it will surely surpass the Chinese Tengger Desert, Solar Park.
Although the Saudi’s solar project will certainly cost more than $200 billion; the country is making efforts to achieve its dream despite what it might cost them. In addition, the country would have to purchase solar panels from other countries, and it will also need to produce the battery capacity to the store the solar energy from the sun. it also necessary to keep in mind that the first part of the project will actually cost $5 billion, although, $1 billion will be gotten from the Vision Fund, which Saudi Arabia and the SoftBank are joint investors in.
Furthermore, SoftBank pioneer made it known that the reason why he is collaborating with the Saudi government is that the project that they are about to embark on is actually worth it. Also, the pioneer also said that “The project itself will fund its own expansion and it is a great project that will be worthwhile” This project will not only benefit the Saudi government alone but to the whole world. Nevertheless, as at the time when the Saudi government announced its plans to build the world’s largest solar power project, almost all nations in the world have been astonished.
The Saudi government’s bold investment in solar power greatly shames the U.S., which is now the world’s largest oil-producing nation, according to the EIA data.
Nevertheless, ever since the inception of climate change, the world is beginning to come together to climate change, but the present American government under the leadership of President Donald Trump is not in one accord in the fight against climate change. Instead of encouraging the solar industry to produce more innovative plans powered by solar energy to decrease the manufacturing oil fossil fuels, the American government has announced that 30% tariff should be placed on imported solar panels this January.