Saudi government officials told The Wall Street Journal that the implementation of the world's largest solar energy project worth $200 billion in the country has been postponed indefinitely. It was planned that the project in partnership with the Japanese corporation SoftBank Group would help reduce the dependence of Saudi Arabia on oil, and also create 100,000 new jobs. Its generating capacity should have exceeded the country's daily needs by more than 3 times by 2030. According to officials, the Saudi authorities are currently working on a broader strategy to increase the use of renewable energy.
Oil hikes after Trump says Saudi, Russia likely to resolve price war02.04.2020
SoftBank cancels $3 billion deal for additional WeWork Shares20.03.2020
US crude gains after White House says plans to intervene Saudi-Russia dispute20.03.2020
First round of QE sees Australia central bank buy $2.9 billion bonds