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Saudi Arabia Eyes a Future Beyond Oil
An anonymous reader shares a report: At a two-hour drive from Riyadh, Saudi Arabia's capital, rows of solar panels extend to the horizon like waves on an ocean. Despite having almost limitless reserves of oil, the kingdom is embracing solar and wind power, partly in an effort to retain a leading pos...
Despite having almost limitless reserves of oil, the kingdom is embracing solar and wind power, partly in an effort to retain a leading position in the energy industry, which is vitally important to the country but fast changing. Looking out over 3.3 million panels, covering 14 square miles of desert, Faisal Al Omari, chief executive of a recently completed solar project called Sudair, said he would tell his children and grandchildren about contributing to Saudi Arabia's energy transition. "They have a lot of investment capital, and they can move quickly and pull the trigger on project development," said Ben Cahill, a senior fellow at the Center for Strategic and International Studies, a research institution in Washington.
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