Vermont family of woman killed on Southwest flight: 'God needed her'
Another school walkout over gun violence planned for Friday
Bezos declares Amazon Prime has 100M members
Tesla again halts Model 3 production
Guggenheim Capital LLC Increases Holdings in Morgan Stanley (EDD)
Riyadh, Softbank partner for US$200bn solar deal
29 March 2018, 02:08 | Melanie Burgess
Soft Bank Group Corp is seen at the company's headquarters in Tokyo
If built, the farm would almost triple the country's electricity generation capacity, which stood at 77GW in 2016 and is comprised entirely of natural gas and oil.
Saudi Arabia also plans to build at least 16 nuclear reactors in the next 25 years at a cost of more than 80 billion Dollars.
"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.
The sale of about a 5 percent stake in oil giant Saudi Arabian Oil Co.is expected to provide more funds for investments.
A statement released a year ago in October by PIF revealed that a MoU had been signed to create the "Solar Energy Plan 2030" which would happen through the Saudi Electricity Company (SEC).
By 2030 the collaboration could yield 200GW of generation capacity including energy storage and Saudi-based manufacturing for PV modules.
Second wave of flu making the rounds
There were five pediatric deaths reported between March 10 and March 17 related to influenza B, and one related to influenza A. During the week ending March 17, almost 58-percent of all confirmed cases of the flu were caused by the B-strain.
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.
Speaking about the possibilities offered by Saudi Arabia, Masayoshi said at the briefing, "The kingdom has great sunshine, great size of available land and great engineers, great labour, but most importantly, the best and greatest vision". That's about how long it's anticipated it will take to build out all 200 gigawatts of the project.
The solar power project is expected to have the capacity to produce up to 200 gigawatts (GW) by 2030.
The Saudi investment is Softbank's second major global solar project.
Saudi Crown Prince Mohammed Bin Salman is on a three-week tour of the USA, his first visit since being designated the successor of his father, King Salman bin Abdulaziz. A factory unit is being planned in the kingdom to manufacture the panels locally.
Softbank plans to invest roughly 950-million dollars in the project. The kingdom's sovereign wealth fund has reportedly committed $45 billion to the massive technology investment vehicle, which counts Uber, Nvidia and WeWork among its largest investments. The fund is now closed.
Defending Andrew Cuomo Against the Sensitivity Police
Nixon said the only way to deal with a bully is to stand up and "send a message loud and clear that you will not be bullied". Cuomo as "Andrew the Bully", a "wannabe Republican" and a member of the "old boys club" ruling ny politics.
Last Shot: Long-Time US Gun-Maker Remington Goes Bankrupt
In the bankruptcy plan, Remington lists corporate backlash as a possible risk that could impact future earning potential. BlackRock is a major shareholder in gunmakers Sturm Ruger, American Outdoor Brands, and Vista Outdoor Brands.
First non-stop Australia - UK flight arrives in London
Previously, travellers had to take the short but fiddly trip from the domestic airport to the separate worldwide terminal. The flight has improved air quality and lower cabin noise to make the gruelling journey more bearable.
EC to announce Karnataka Assembly polling dates today
On May 8, 2013, Siddaramaiah assumed the chair of Chief Minister from his predecessor and BJP leader Jagadish Shettar. On May 12 , Karnataka Assembly Elections will be held and the result will be declared on May 15 , 2018.
Census: Decision to add citizenship question draws protest
The state of California has perhaps the most to lose if the citizenship question does influence participation in the census count. Andrew Cuomo released a statement on Tuesday slamming a decision to include a question about citizenship status on the 2020 U.S.