Connect with us

Hi, what are you looking for?

CleanTechnica
Andrew wrote a few weeks ago on Saudi Arabia perhaps becoming the next solar hotspot, and we've written a few pieces recently on big projects or ideas for projects in the Middle East and North Africa (MENA) region. A new analysis by the Emirates Solar Industry Association (ESIA) and sponsored by international consultancy firm PwC contends that we may just be getting started with such stories, as solar photovoltaic (PV) power is now "cost competitive" with conventional fossil-fuel-based electricity generation (not even taking into account massive externalities).

Clean Power

Solar PV Cost Competitive in Middle East, New Analysis Finds

Andrew wrote a few weeks ago on Saudi Arabia perhaps becoming the next solar hotspot, and we’ve written a few pieces recently on big projects or ideas for projects in the Middle East and North Africa (MENA) region. A new analysis by the Emirates Solar Industry Association (ESIA) and sponsored by international consultancy firm PwC contends that we may just be getting started with such stories, as solar photovoltaic (PV) power is now “cost competitive” with conventional fossil-fuel-based electricity generation (not even taking into account massive externalities).

 
saudi arabia solar

Andrew wrote a few weeks ago on Saudi Arabia perhaps becoming the next solar hotspot, and we’ve written a few pieces recently on big projects or ideas for projects in the Middle East and North Africa (MENA) region. A new analysis by the Emirates Solar Industry Association (ESIA) and sponsored by international consultancy firm PwC contends that we may just be getting started with such stories, as solar photovoltaic (PV) power is now “cost competitive” with conventional fossil-fuel-based electricity generation (not even taking into account massive externalities).

This report is titled “Sunrise in the Desert: Solar Becomes Commercially Viable in the Middle East” and was presented at an ESIA press conference on January 17 at the World Future Energy Summit (WFES) in Abu Dhabi, United Arab Emirates (UAE).

“Factors such as falling costs of solar PV panels, rising costs of fuels used in conventional power generation and excellent fit to demand patterns challenge the prevailing view among many policy makers and utilities in the MENA region that solar is expensive unless heavily subsidised,” Sara Ver-Bruggen of pv magazine writes.

“In the case of some countries in the Middle East, such as Saudi Arabia, domestic consumption of fossil fuels is steadily rising creating a demand for new sources of electricity.”

Of course, being a hot and sunny region, solar is an ideal source of power at the time of day when the most energy is needed. Thus, it is especially useful for cutting high peak-demand costs.

“With the introduction of 3.5 GW of nominal solar PV capacity the optimal generation mix changes and the use of open-cycle turbines at midday can be replaced by solar generation saving high-cost fuel,” Robin Mills, the report author, noted at the press conference in Abu Dhabi.

More from Ver-Bruggen:

“In his presentation slides, Mills showed that the cost of solar PV (at USD2.5/W) versus that for gas or oil-fired generation, with solar cheaper than an open-cycle peaking unit at gas prices above USD5/MMBtu, which is equivalent to oil at around USD30 a barrel, but requires USD17/MMBtu to be competitive with baseload combined-cycle power, which is around current LNG prices.”

More info is available on ESIA’s website.

Source: pv magazine | Saudi Arabia solar reflectors via martnpro

 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Comments

You May Also Like

Cleantech News

NASA took its Artemis Accords to Saudi Arabia last week and secured a promise to collaborate on missions to the Moon, and beyond.

Clean Transport

Chevrolet has released another preview of the all-electric Chevrolet Blazer SS and has announced its official reveal date: Monday, July 18th. Stay tuned for...

Clean Power

By Andries Wantenaar of Rethink Energy Azerbaijan has announced a partnership with UAE-based developer Masdar for 1 gigawatt (GW) each of solar and onshore...

Events

Can we allow ourselves to enjoy the F1 racing, knowing that human rights violations are pervasive amidst all the excitement?

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.