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| Softbank CEO, Masayoshi Son |
Masayoshi Son, is a Japanese businessmen and also the CEO of SoftBank. Son was named world's 45th most powerful person by Forbes Magazine's "List of world's most powerful people 2013".
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| Soudi Crown Prince Mohammad bin Salman |
Mohammad bin Salman is the crown prince of Saudi Arabia which is the second most important position in the country. He was appointed Crown Prince in June 2017.
Masayoshi Son and Mohammad bin Salman signed MoU to create world's largest solar power generation project. During a press conference in New York they said that they are expecting to build solar plant of 200 GW capacity in the country by 2030. In 2019 two plants of capacity 3 GW and 4.2 GW will be launched.
Estimated cost of this project is $200 billion through 2030. This large scale solar plant will thus provide a support to domestic solar equipment manufacturing industry. This project would almost triple the electricity generation capacity in the country.
China's Tengger Desert Solar Park is currently the biggest in the world with capacity of 1500 MW. Being the largest exporter of petrolium, this is a significant move by Saudi Arabia.
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