【Eng Sub】

The Eng Subworld's biggest solar power project is coming to Saudi Arabia.

And it comes with a high price tag: around $200 billion. The venture, a partnership between Saudi Arabia and Japanese tech giant SoftBank, was revealed Tuesday, according to Bloomberg.

SEE ALSO: Tesla's bringing Powerwall batteries to 50,000 homes in Australia

Expected to be completed by 2030, the project will reach a colossal capacity of 200 gigawatts, SoftBank Chief Executive Masayoshi Son told reporters.

At 200 GW, the Saudi project would be approximately 100 times larger than the next proposed project, according to Bloomberg. That'd be Australia's proposed Solar Choice Bulli Creek PV Plant, which will have a capacity of 2GW.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

Currently, China's Tengger Desert Solar Park is considered the biggest solar farm in the world, with the capacity to produce 1,500 MW.

Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud and Masayoshi Son sign a memorandum of understanding in New York on March 28. Credit: Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency/Getty Images

It's a significant move for oil giant Saudi Arabia, the world's largest exporter of petroleum. This large-scale investment in solar power would reduce Saudi Arabia's reliance on oil, which is part of Saudi Crown Prince Mohammed bin Salman's Vision 3030 plan to diversify the country's revenue sources. (He's long criticized Saudi Arabia's oil addiction.)

According to Bloomberg, Saudi Arabia has a total power capacity of 77 GW (two-thirds natural gas, one third oil), which means 200GW would be way too much solar power for the country to use by itself. Hello, stored power exports.

And that $200 billion? Seems a hefty sum, but it'll reportedly cover the solar panels and battery storage, along with a manufacturing plant to make said panels. The first $5 billion 7.2 GW phase will be driven by $1 billion from SoftBank’s long-term investment Vision Fund, then the rest by what Son referred to as "project financing."

The first of the two solar parks will begin construction this year, and will start rolling out electricity by 2019.

---

Featured Video For You

---

---

• Games
• Life
• Tech
• Deals
• Science
• Social Good
• Entertainment
• Shopping

• New MIT report reveals energy costs of AI tools like ChatGPT
• It's never too early to eat lunch
• 'Yellowjackets' Season 2: Who might die in the wilderness?
• Take a break from stressing and watch these puppies explore an aquarium
• This fat bear's before and after photos are stunning
• 5 freaky things GPT
• Neighbours doing 'socially distant dancing' on their street will warm your heart
• Ashamed of paying for Twitter? Twitter looking into letting Blue subscriber hide their checkmark
• SpaceX's Starlink satellite launch in pictures
• Trish Regan, who called coronavirus an 'impeachment scam,' leaves Fox Business

• Celebrity Publishing, and Other News by Sadie Stein
• Philip Roth Reads “In Memory of a Friend, Teacher and Mentor” by Sadie Stein
• Dolly Parton, Our Lady of Free Books, and Other News by Sadie Stein
• Punk Love by Jason Diamond
• A Visit with Patrick Leigh Fermor, Part 1 by Ben Downing
• 3 Stories of God: 5, 6, and 7 by Joy Williams
• War Memorial by Rebecca Sacks
• Reading in the Bath: Solved by Sadie Stein
• Faulkner’s Outlines, and Other News by Sadie Stein
• Have You Ever Heard Virginia Woolf Speak?

• Your 'wrong person' texts may be linked to Myanmar warlord
• Coronavirus cooking is like a messed
• 'The Lost King' review: Sally Hawkins and Stephen Frears bring whimsy to royal romp
• Ina Garten's ridiculous cocktail recipe is perfect for quarantine
• AMD Radeon RX 550 + Intel Pentium G4560
• Remember FOMO? Yeah, neither do we.
• 'Quordle' today: See each 'Quordle' answer and hints for March 23
• Millions across the UK clap and cheer NHS workers in emotional tribute
• Best vacuum mop combo deal: Save $140 on the Tineco Floor One S5
• What to do when you can't sleep

• Shop Owala's Memorial Day Sale for 30% off tumblers
• Prince Charles, recovered from coronavirus, shares message of hope
• Get up to 32% off Levoit humidifiers at Amazon
• Medical kink store donates scrubs to hospital in need
• This fat bear's before and after photos are stunning
• Twitter's '10 Macbooks' hacker continues to run amok, scamming on the platform
• How to livestream Gonzaga vs. UCLA in the Sweet 16 matchup
• ChatGPT knows Elon Musk better than Elon Musk knows himself
• Astronomers saw one galaxy impale another. The damage was an eye
• Google's AI chatbot Bard gives drab answers, but it does one thing better than ChatGPT