See this post. Updates at that post:
March 28, 2018: ready to roll. Will start with $5 billion this year; initial $1 bill from Saudi/SoftBank Vision Fund.It is now being reported that Saudi Arabia has scrapped SoftBank's $200 billion solar energy plan. Wow! Link here.
February 19, 2018: solar will not be enough. The $7-billion solar project will be eclipsed by an $80-billion nuclear energy project.
30-second elevator speech: instead of $109 billion, Saudi Arabia will now build a solar energy project costing upwards of $7 billion; paid for by the developer.
Renewable implications for the rest of the world? None. Saudi and solar energy is a one-off; possibly the only country where solar energy might make sense. But if truth be told nuclear energy would be a better bet.
Saudi Arabia has put on hold a $200 billion plan with SoftBank Group Corp. to build the world’s biggest solar-power-generation project, Saudi government officials said, in a complication for another eye-catching transformation project in the kingdom.
The stalled project marks a setback for a partnership between Saudi Arabia and SoftBank that has pursued ambitious ideas. Together, they have created a $100 billion fund for technology company investments that has resulted in a rush of new money flooding into startups.
The project would have turned the world’s most important oil producer into a giant in solar power, ultimately generating about 200 gigawatts of energy—more than three times what the country needs every day.
Former Olympians, Future Olympian
Our oldest granddaughter, today, attended a one-day training camp with three former water polo Olympian swimmers.
Is it just me, or does it appear you have to be really attractive to be an Olympic champion?