New Record Set for World’s Cheapest Solar, Now Undercutting Coal!

2.99 U.S. cents per kilowatt-hour is 15% lower than old record Cheaper than new coal-fired electricity in the Gulf emirate Solar power set another record-low price as renewable energy developers working in the United Arab Emirates shrugged off financial turmoil in the industry to promise projects costs that undercut even coal-fired generators. Developers bid as [...]

By |May 12th, 2016|International, Solar|0 Comments

Why the Saudis are going Solar

Solar power in a country where gasoline is 50 cents / gallon and electricity is 1c/kwh! This may be the biggest testimonial to the power of the sun. Linked article from  written by Jeffrey Ball August 2015 issue. Read on. Prince Turki bin Saud bin Mohammad Al Saud belongs to the family that rules Saudi Arabia. He wears a white thawb and ghutra, the traditional robe and headdress of Arab men, and he has a cavernous office hung with portraits of three Saudi royals. When I visited him in Riyadh this spring, a waiter poured tea and subordinates took notes as Turki spoke. Everything about the man seemed to suggest Western notions of a complacent functionary in a complacent, oil-rich kingdom. But Turki doesn’t fit the stereotype, and neither does his country. Quietly, the prince is helping Saudi Arabia—the quintessential petrostate—prepare to make what could be one of the world’s biggest investments in solar power. Near Riyadh, the government is preparing to build a commercial-scale solar-panel factory. On the Persian Gulf coast, another factory is about to begin producing large quantities of polysilicon, a material used to make solar cells. And next year, the two state-owned companies that control the energy sector—Saudi Aramco, the world’s biggest oil company, and the Saudi Electricity Company, the kingdom’s main power producer—plan to jointly break ground on about 10 solar projects around the country. The Saudis burn about a quarter of the oil they produce—and their domestic consumption has been rising at an alarming 7 percent a year. […]

By |July 7th, 2015|International, Solar|0 Comments