New coronavirus hospital in Madinah named after late Saudi nurse Nujood    Finance leaders discuss capital flows volatility over coronavirus fears    Arab Coalition did not commit rights violations in Yemen: Joint assessment team    Wall Street Closing    UAE sets up new office to support frontline workers    Dubai launches cyber index to promote online safety standards    Fernando Alonso joins Renault DP world F1 team    DSC marks official opening at DWTC    Joint Incidents Assessment Team issues a statement regarding allegations against Coalition Forces    Completion of First Batch of Privatization of the Flour Milling Sector    Bahrain Bourse Rises    Saudi gold production jumped 143% by 7.3 tons since 2016    Emergency Center for Epidemic Control Provides Medical Services in Hajjah Governorate, Yemen    Custodian of the Two Holy Mosques Approves Nominating Hani Al-Muqbel as Representative of Saudi Arabia in ALECSO's Executive Council    Al-Baha produces 800 ton of fine quality honey annually    Kingdom's Najd beats Australia's Jessica in FIFA 20 e-Football    Comprehensive online Arabic book platform hits the market    Jordan's Princess Raiyah weds Roald Dahl's grandson    Kuwait confirms 762 new COVID-19 cases    With 1,210 new cases, Oman corona infections top 50,000    Amman Stock Market Rises    Kuwait to disburse $780mn to support citizens in pvt. sector    Asian Shares Fall    West Bank festivities spark fresh corona outbreak    KSrelief continues water and sanitation project in Yemeni districts    Saudi Press: NEOM Signs Agreement for $5 billion Production and Export of Green Hydrogen    142 governmental initiatives to mitigate financial, economic effects of consequences of Coronavirus    Pandemic: 56% of women prefer child birth at home    Bahrain Bourse Rises    Aircraft Accessories and Components Company Appoints Eng. Mazen Johar as CEO    Saudi Special Olympics to Take Part in Special Olympics World Winter Games 2022    SFA and WHO sign accord in several strategic areas    DSC honors winners of Pocari Sweat 19K Run    Greenwood shines as 5-star Man United crush Bournemouth    Vardy nets 100th Premier League goal as Leicester beat Palace    Veteran Bollywood choreographer Saroj Khan dies aged 71    Bayern Munich Sign Leroy Sane from Manchester City    Complementary, Alternative Medicine Practicing 1st Manual Version Issued    Actor Sushant found hanging in his Mumbai residence    Wives detect polygamy: Divorces up 30% in Saudi Arabia    Council of Senior Scholars advises old people to pray at home    Saudi Ithra center launches dialogue sessions with most famous creators in the world    SFDA Implements National Program to Ensure Safety of 10,000 Food Samples    Saudi Surgeon Managed to Remove Kuwaiti Girl's Brain Tumor, as French Physician Declined, in the last Moments    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Kingdom's solar power is a no-brainer, says analyst
Published in The Saudi Gazette on 28 - 02 - 2013

RIYADH — Saudi Arabia has the world's second best solar resource after Chile's Atacama Desert, making investment in solar a no-brainer as an alternative to burning its most precious resource.
The Kingdom has for several years been talking up its plans to become a major player in solar power, Gerard Wynn, a leading market analyst has said.
Four years ago a senior oil ministry official told Reuters: “We can export solar power to our neighbors on a very large scale and that is our strategic objective to diversify our economy. It will be huge.”
Since then the country has installed about 10 megawatts, a tiny fraction of cloudy England.
But the country has now detailed plans for installed renewable power capacity in 2020 and 2032 which could put the country among the world's top five solar power producers, Wynn wrote in his column.
The competitiveness of solar photovoltaic (PV) power depends on the installed cost (including the price of solar modules and installation costs); local solar irradiation; and the cost of the alternative, as illustrated by the retail power price plus subsidies.
NASA solar irradiation data show that parts of Saudi Arabia are second only to the world's driest desert, in Chile.
Solar module demand would be boosted by a similar shift in other sunny, emerging economies with subsidized fossil fuel power.
Saudi Arabia is dependent on electricity both for energy and water through desalination.
The main source of electricity is burning crude oil and increasingly, natural gas.
The country burned some 192.8 million barrels of crude to generate 129 million megawatt hours (MWh) of power in 2010, Saudi and International Energy Agency data show.
Saudi power generators pay about $4 per barrel for their oil, industry data show.
That works out at a running cost of $0.006 per kilowatt hours (kWh) in 2010, excluding all other capital, fixed and operating costs.
But accounting for the opportunity cost of exporting crude oil at international prices of $113 per barrel raises the economic cost of oil-fired power generation to $0.13 per kWh, ignoring all non-fuel costs.
A simplified solar cost calculator developed by the US Department of Energy's National Renewable Energy Laboratory (NREL) estimates the cost of solar power at $0.07 per kWh under Saudi conditions.
That assumes a capacity factor of 33 percent as can be expected in sunnier locations in southern Saudi Arabia and a full capital cost of $1.5 per watt, a conservative estimate for utility-scale installations.
That is before taking into account the annual degradation of solar modules, and losses as result of dust, sand and high temperatures, none of which are deal-breakers. — Reuters


Clic here to read the story from its source.