this post was submitted on 02 Jan 2024
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22
World’s Biggest Solar Thermal Plant To Be Built In Saudi Arabia (www.forbes.com)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 10 months ago (1 children)

The less oil they burn, they more they can sell to the West.

[–] [email protected] -2 points 10 months ago (1 children)

I assure you they have no issue with that.

They could probably double their output if they wanted. But they don't, they want high prices not more oil.

[–] [email protected] 1 points 9 months ago

Saudi Arabia has a policy to reduce oil consumption locally. The government subsidizes power to the people, so if solar/wind is cheaper they will be adopted as it will save the government money.