Saudi Arabia poised to become solar powerhouse

NEW YORK (CNNMoney) — The United States may be known as the Saudi Arabia of coal thanks to its large deposits. But under an expected investment push, Saudi Arabia could soon become the Saudi Arabia of solar power.

Early next year the oil rich kingdom is expected to announce a plan to get up to 10% of its electricity from the sun by 2020 — a more aggressive national policy than what’s in place in the United States.  Read more

Categories: Economics, United States

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