Saudi Arabia Enters JVs With Chinese Solar Firms

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Saudi Arabia Enters JVs With Chinese Solar Firms
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Saudi Arabia has entered intojoint ventureswith two Chinese solar firms to build solar

Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom's campaign to boost renewable power production.

, the world's second-largest maker of solar wafers, and Vision Industries Co. on a $2.08 billion plant. Three years ago, Saudi Arabia's Crown Prince Mohammed bin Salman unveiled Saudi Vision 2030, the Kingdom's ambitious roadmap for economic diversification, global engagement, and enhanced quality of life.

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