Saudis move into solar
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December 24, 2011, 00:13
Filed under: Uncategorized | Tags: electricity, peak oil, Saudi Arabia, solar energy
Filed under: Uncategorized | Tags: electricity, peak oil, Saudi Arabia, solar energy
Saudi Arabia is paying a heavy price for its continued reliance on oil to generate electricity. Its power plants consume 800,000 barrels a day of oil equivalent, Ziyad Al Shiha, the executive director of Saudi Aramco Power Systems, told reporters in May. With the price of crude above US$100 a barrel on international markets, the opportunity cost is high, making investments in alternative sources of power more attractive.
via Saudis kicking off major move into solar – The National.
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