A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station May 21, 2012. Image for illustrative purpose. (REUTERS/Fahad Shadeed)

Bloomberg reports that Saudi Arabia has announced a major development plan for solar energy.

The oil-rich nation has signed seven power purchase agreements to produce electricity from solar power that will provide electricity to more than 600,000 households.

So far, Saudi Arabia has been slow to move away from fossil fuels in favour of clean energy.

However, the country’s leadership says there is a huge economic case for an energy transition.

“These projects, along with other renewable energy projects, which are being developed across the Kingdom, constitute essential elements of our plans that seek to optimize the energy mix used to produce electricity,” said Crown Prince Mohammed bin Salman.

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