Cheapest Electricity in the World from Solar
Currently the cheapest electricity in the world, 5.8 cent/kwh, is produced in Dubai from the 100 MW Mohammed bin Rashid Al Maktoum Solar Park in Seih Al Dahal, Dubai. With energy prices like these, the Gulf states would be well advised to use their oil wealth to invest in a renewable energy producing future, after the end of the fossil fuel era. How about using cheap solar energy to desalinate seawater and produce fresh water? Or use electricity to produce hydrogen or even fossil fuel from water and CO2 in the air? This way the Gulf states can prevent a fallback to the camel-based economies of the past, when oil & gas run out.
There clearly will be a life after the end of the oil age.
[cleantechnica.com] – Cheapest Solar In The World