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Saudi Arabia: Softbank mega-project boosts confidence in renewables

A deal signed between the government and Japan’s Softbank Group to develop 200GW of solar power over the next 12 years has given fresh hope that the kingdom’s green energy industry may finally get off the ground, after previous false starts. Crown Prince Mohammed Bin Salman (MBS) signed a memorandum of understanding on 27 March with Softbank Group chairman and chief executive Masayoshi Son to set up what will be the world’s largest solar energy investment programme.

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