Yes, you read that right : the oil superpower is willing to tap into its significant solar potential by installing no less than 41 gigawatts of solar capacity by 2032. The project is estimated to cost $109 billion (84 billion euros).
Out of the 41 GW of capacity, 16 will be brought by solar photovoltaic (PV) and the remaining 25 will be coming from Concentrated Solar Power (CSP). This will be a smart use of the Kingdom’s huge deserts.
As Green Prophet notes the project will enable the country to save half a million barrels of oil per day. Solar would then account for a third of the electricity production.