Arabian nights (or days)
(16.01.13) Saudi Arabia has announced an initiative to invest USD 100 bn in new renewable projects over the next years. Saudi Arabia plans to attract about $109 billion in solar investments to generate a third of its electricity by 2032, or about 41,000 megawatts. It currently has about 3 megawatts of solar installations, trailing Egypt, Morocco, Tunisia, Algeria and the U.A.E., according to Bloomberg New Energy Finance.