Energy: Saudi Arabia Is Holding the World’s Biggest Solar Party
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 5 April 2018
⏱️ 27 minutes
🧾️ Download transcript
Summary
The Crown Prince of Saudi Arabia announced last week a plan to partner with Japanese-based SoftBank to fund a $200 billion solar farm in the desert. We discuss the project, the state of the U.S. solar industry, and solar stocks to buy (and avoid).
Transcript
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| 0:00.0 | Support for the Motley Fall Industry Focus comes from TurboTax live, new from TurboTax. |
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| 0:21.3 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every day. |
| 0:26.0 | Today we're talking Energy and Industrials. |
| 0:28.0 | It is Thursday the 5th of, I was going to say March, but it's April. |
| 0:32.0 | April came upon us very quickly. |
| 0:34.0 | I'm your host Sarah Priestley and joining me |
| 0:38.0 | on Skype is Motley |
| 0:40.0 | Premier analyst Taylor Markman. |
| 0:41.0 | Taylor you are preparing for the baseball. |
| 0:44.0 | Yes, that's it. Opening day in Nationals Park. |
| 0:47.0 | Well, I really appreciate you fitting us in. |
| 0:50.0 | To talk a little about solar stocks before you go and enjoy the nachos and all the other good things. |
| 0:56.0 | Yeah, hopefully I'll be soaking up some solar energy of my own. |
| 0:59.0 | So we wanted to talk about solar this week because last week Saudi Arabia announced plans |
| 1:07.0 | to build the world's biggest solar project in the desert. |
| 1:11.1 | So the project could result in 200 gigawatts of power becoming available by 2030 |
| 1:16.3 | which actually is not that long away. To put that into perspective that's the same |
| 1:20.6 | amount as the total global supply last year. |
| 1:23.0 | So it's pretty huge. |
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