It appears the Saudi's are smarter than Abbott and they have the cheapest oil on the planet.
As its economy grows, the Saudi government estimates that electricity demand alone will require more than 120 gigawatts (GW) of capacity by 2032, and has set a goal that half of that should be generated from non-fossil fuels such as nuclear, solar, wind, waste and geothermal. It wants solar energy, for example, to provide up to 41 GW by 2032, or almost 30 per cent of the total capacity, with nuclear providing 17 GW and wind 9 GW.
http://www.theaustralian.com.au/bus...energy-agreement/story-e6frg9df-1227025276198
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