http://money.cnn.com/2011/11/21/news/international/saudi_arabia_solar/index.htm

November 21, 2011

Saudi Arabia poised to become solar powerhouse

It appears that Saudi Arabia will become the next solar power king nation.  They are not just the most powerful country when it comes to oil, but now when it comes to solar power too. This has to do with the fact that “The Saudis currently generate over 50% of their electricity by burning oil, which can consume up to an eighth of the country’s total oil output.” As a result to this, the electricity consumption is said to double within the next nine years.

This may seem off for the Saudis to be doing this as it will decrease their oil exports, but it is surprisingly a great business opportunity for them.

They realize the limitations of oil and that they will not last long and therefore are searching for alternative opportunities, in this case the extensive sunburning desserts they have. Saudis are becoming a very powerful country and an economic efficient too. Specially, at this times of economic crisis. They truly are rising up the bar.