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Solar energy can compete economically for electricity production from oil

(26/01/2011)

According to a White Paper published by Bloomberg New Energy Finance, the falling costs of photovoltaic (PV) technology mean that solar energy is already a more economically attractive option for domestic power generation in the Gulf Cooperation Council Region (GCC) when compared to oil-fired electricity production. Bloomberg New Energy Finance modeled the use of a 100MW PV project built in 2011 to displace oil-fired power generation, freeing... [more]

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