Trump supporters work to build largest Solar Plant in history, 100 times larger than next biggest solar venture
New York, NY–(Cable-X) The largest most advanced solar energy project in the world has been agreed upon, and will be built under a partnership between Saudi Arabia and SoftBank.
Each group has been very vocal supporters of President Trump and have each met with the President and promised to invest massive amounts of money into the United States.
It seems, just as their friend in the White House, they like to think really big.
The massive solar project is said to be 100 times larger than the next largest planned solar energy project, producing over 200 gigawatts by the year 2030 according to bloomberg.
The special RELATIONSHIPs and how they formed
While the worlds largest ever solar plant is the key feature of the entire deal, what makes it very interesting is the deal is being done between two groups who are lead by two people who are both big supporters of President Trump.
When this deal was first announced the relationships were not a key component of any of the mainstream media which we thought was fairly significant to us in the energy industry here in the United States.
Furthermore, it is important to note that these special relationships have a potential to bring United States companies into the mix on the building and operation of this massive solar energy project.
Trump and the Saudi Prince
President Trump and the Saudi Prince have gotten off to a great partnership not only on selling the Saudi’s military equipment, but also in combining to fight terrorism.
As reported by the BBC, While on his historic Saudi Arabia trip Trump made a speech stating: “The fight against terrorism is a “battle between good and evil,” not a fight between “different faiths, different sects, or different civilizations,”
The relationship between the two seemed to blossom from the start as reported in the New York Times article titled “Saudi Prince’s White House Visit Reinforces Trump’s Commitment to Heir Apparent”
President Trump welcomed Saudi Arabia’s crown prince, Mohammed bin Salman, to the White House on Tuesday, reaffirming his embrace of an ambitious young monarch bent on reforming his country and realigning the Middle East.
The last time Mr. Trump played host to Prince Mohammed at the White House, a year ago, he was jockeying for position in the court of his father, King Salman. This time, with Mr. Trump’s unstinting support, Prince Mohammed arrived after having consolidated his position as Saudi Arabia’s heir apparent as well as a disruptive figure in the region.
“You are more than the crown prince now,” Mr. Trump said to him over lunch in the Cabinet room.
“The relationship is probably the strongest it’s ever been,” Mr. Trump said, turning to reporters. “We understand each other. Saudi Arabia is a very wealthy nation, and they’re going to give the United States some of that wealth hopefully, in the form of jobs, in the form of the purchase of the finest military equipment anywhere in the world.”
Trump and SoftBank
President Trump has a special relationship with SoftBank CEO Masayoshi Son and has had many discussions with Son about investing in the United States to bring manufacturing back and create jobs.
Son was one of the first famous business leaders to meet with Donald Trump at Trump tower in New York City upon Trump winning the election in which after he said “If we achieve any kind of meaningful corporate tax reform I am quite convinced that it is going to change this trajectory in terms of capital investment.” He also added that the company’s business plans were incorporating scenarios for economics growth to be higher than expected, compared with recent years where the focus was on under-performance under the Obama administration.
Son was quoted in the Wall Street Journal stating: “I can’t remember the last time I did an upside sensitivity in a business plan, but we are doing an upside sensitivity right now”.
As Reported by CNBC:
Donald Trump said Monday that Japan’s SoftBank has agreed to invest $50 billion in the U.S., aiming to create 50,000 jobs.
He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor, at Trump Tower in New York. On Twitter, Trump claimed that Son said he “would never do this” if Trump had not won the presidential election.
But the $50 billion will come from a previously announced $100 billion international investment fund set up with Saudi Arabia, according to Dow Jones.
What this Solar Energy Project means for the United States renewable energy industry
The renewable energy industry as a whole should greatly benefit from this venture. This includes the United States renewable industry and secondary industries like insulated wire & cable manufacturing.
While the project is in Saudi Arabia, some United States Solar Cell & energy storage companies like First Solar, SolarCity, Tesla, and Solar Wire & Cable companies like Southwire, General Cable, 1X Technologies, and others could be involved in providing products for the gigantic renewable energy undertaking.
This solar energy project build and shift for the Saudis is most likely happening because their #1 customer the United States is shifting away from importing Oil and is predicted to be 100% energy independent by the year 2035 according to BP oil as reported by the BBC.
We in the energy industry would love to see this investment and we will all keep our fingers crossed and hope we can get a chance to take a swing at providing some of the services needed in building the project.
If nothing else it is interesting to see strong supporters of President Trump (who has been very good to us thus far in the United States Energy industry), combining forces to get big things done for their stakeholders.
It really makes you wonder what could actually be done here in the United States if everything that President Trump and his staff tried to get done was not met with “resistance” from every angle.