Saudi Arabia’s sovereign-wealth fund and Japan’s SoftBank Group Corp. announced plans to launch the world’s biggest solar-power-generation project, providing another ambitious goal for two of the world’s richest investors.

The development would start this year with a $1 billion investment from the joint Saudi-SoftBank Vision Fund, said Masayoshi Son, chief executive of SoftBank. It is expected to grow into a $200 billion behemoth that provides about 200 gigawatts of power by 2030, he added—more power than Saudi Arabia would…

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via WSJ.com: Technology https://on.wsj.com/2jyWrmB

March 28, 2018 at 04:51AM