Two of the top four oil-producing OPEC members, Saudi Arabia and the United Arab Emirates, have joined forces in a push to secure $1 billion in funding for Middle East solar-power, Bloomberg reports. The joint goal to build solar energy plants with a combined generation of 1,000 MW capacity should result in power for up to 200,000 homes, writes Bloomberg. This project is not related to either the UAE’s other solar energy developments, including the impressive Shams 1 CSP plant, or Saudi’s ambitious intention to spend up to $100 billion to lift itself out of the ranks …
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UAE & Saudi Seek Whopping $1 billion for Solar
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