Jeremy Leggett: In 2016, the Kingdom of Saudi Arabia has a major opportunity to develop a new industry, an opportunity that became something of an imperative in 2015. Let me examine first the opportunity, then the imperative. The opportunity involves solar energy, which is fast heading towards becoming the cheapest unsubsidised form of energy on the planet. Last year, solar power plants cheaper than gas plants were built in Dubai and Colorado. A Saudi company, ACWA Power, built the one in Dubai. We can expect to see more such plants around the world in 2016, and many more beyond.
Jeremy Leggett 5th April 2016 read more »