"However, there seems no obvious reason why 200GW by 2030 is impossible if Saudi Arabia needs the daytime electricity; the solar industry can deliver it, Softbank has an appetite for making investments", Chase continued by email.
"Saudi Arabia generally releases big numbers on long time frames, which are then subject to revision, and Softbank likes to announce big numbers too", said Bloomberg New Energy Finance solar analyst Jenny Chase in an email.
SoftBank CEO Masayoshi Son established the Vision Fund, in concurrence with the Delta Fund set up to invest in Chinese ride-hailing firm Didi Chuxing, has funnelled $27.5 billion.
SoftBank's Son added that the electricity produced in the first phase will be sold and that would help financers to earn money for the forthcoming stages.
SoftBank chief executive Masayoshi Son told reporters that the solar push is "by far the largest solar power project ever".
The deal deepens SoftBank's ties with the world's largest crude exporter and advances the crown prince's ambition to diversify Saudi Arabia's economy.
Included in that would be training facilities, and a complete research and development center in order that new technology can continue to evolve.
Saudi Arabia also plans to build at least 16 nuclear reactors over the next 25 years at a cost of more than US$80 billion.
Masayoshi Son said the project would create 100,000 jobs and reduce the cost of producing by 40 billion United States dollars.
The kingdom, which is one of the world's largest oil producers, estimates its local energy consumption will increase three-fold by 2030.
Saudi Crown Prince Mohammed Bin Salman is on a three-week tour of the U.S., his first visit since being designated the successor of his father, King Salman bin Abdulaziz.
The Public Investment Fund (PIF) invested about $54 billion past year according to data from the Sovereign Wealth Fund Institute. The project is also set to more than quadruple Saudi Arabia's solar capacity, which is now around 60GW.
The fund, which was at $93 billion, reached its target after raising $7 billion from USA corporates and managers of the Vision Fund in the last few months, according to a source familiar with the fund.
Showers, or a wintry mix in some higher elevations, may threaten early Monday , otherwise it is dry into early Tuesday . Highs will be around 50 degrees both Thursday and Friday with cooler 40s both Saturday and Easter Sunday .
Despite this, there were concerns over regulatory interference, as seen in other Chinese commodities like iron ore and coal. Brent and WTI, in contrast, were down by that time, weighed down by concerns over a looming US trade dispute with China .
United States equity markets appeared to have calmed in response to the news, following a tempestuous past week. For the first time in a long time, our workers are being counted for more than an open China trade policy.
Her family hired a private investigator to help find her and offered a $25,000 reward for information leading to her whereabouts. Shabani, who went missing in February, was identified by her tattoos, according to the Nevada County Sheriff's Office.
Southgate said he was pleased with individual performances, but also with the fact his team looked like it was having fun. England plays Italy on Tuesday at Wembley in its last friendly before Southgate names his World Cup squad.
A Wrinkle in Time , Love, Simon , Paul, Apostle of Christ , Game Night , and Midnight Sun rounded out the top ten respectively. Opening poorly at #4 was animated comedy sequel Sherlock Gnomes , which tallied $10.6 million for its debut weekend .
The Acer Chrome OS tablet is supposed to ship next month in the U.S. , and in May in other regions around the world. The tablet comes backed up by a 34Wh battery which would last for an estimated 9 hours on a single charge.
Sixteen-year-old Mya Middleton shared her first-hand experience with gun violence at the March For Our Lives rally on Saturday. On the other side of the debate, gun rights advocates cite constitutional guarantees of the right to bear arms.
There should be intervals of afternoon sun pushing our temperatures into the lower 80s Tuesday , and low-mid 80s Wednesday . An area of low pressure rides up along this front during the day on Thursday , keeping the shower chances in place.
Death toll in Russian shopping mall fire reaches 64
Some theaters in Russian Federation reportedly lock doors after the movie starts screening to avoid ticketless viewers. An emergency services official confirmed on Sunday night that the missing people included 40 children.
NY looks to block census question on citizenship
Census data is used to determine where federal funds are spent and how congressional districts are drawn, among other uses. However, Ross said the commerce department was unable to determine how the citizen question would affect responsiveness.
Europeans Join US In Kicking Out Russian Diplomats
And it is almost three times more than the expulsion of 23 Russian diplomats by Great Britain earlier this month. However, the White House said later it would like to have a "cooperative relationship" with Russian Federation .