HomeHelpSearchLoginRegister  
 
Latest Threads 
Page Index Toggle Pages: 1
Print
Oil saving win-win drives Saudi solar power boom (Read 2559 times)
electron
Senior Member
****
Offline



Posts: 340
Oil saving win-win drives Saudi solar power boom
May 28th, 2013 at 5:06pm
 
"Solar panel prices have fallen more than 80 percent over the last five years, because of global over-supply and lower demand in Europe, while average annual Brent crude prices have risen by a third, making the sun a very cheap source of electricity for a country that currently burns oil which it could export for over $100 a barrel."

"A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost."

"Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years, but to date has built only 12 MW - or less than even Britain installed in early May."

http://www.reuters.com/article/2013/05/22/us-saudi-solar-idUSBRE94L0NO20130522
Back to top
 
Page Index Toggle Pages: 1
Print