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Follow The Money: Oil Can’T Match Solar On Cost
Views: 1458
Mar 02 2015 03:40 AM | eds in Economy & Politics
The National Bank of Abu Dhabi says,
. . . even at $10/barrel for oil,
. . . solar is still a cheaper option.
The report is important,
. . . because they need to add another 170GW of electricity in the next decade, and
. . . the major financiers recognize that the cheapest and most effective way to go,
. . . is through solar and wind.
It also highlights how,
. . . even the biggest financial institutions in the Gulf,
. . . are thinking about how to deploy their capital in the future.
Saudi said that the end of the oil era, was already on the horizon.
03-01-2015 Source: Oil can’t match Solar on cost
. . . even at $10/barrel for oil,
. . . solar is still a cheaper option.
The report is important,
. . . because they need to add another 170GW of electricity in the next decade, and
. . . the major financiers recognize that the cheapest and most effective way to go,
. . . is through solar and wind.
It also highlights how,
. . . even the biggest financial institutions in the Gulf,
. . . are thinking about how to deploy their capital in the future.
Saudi said that the end of the oil era, was already on the horizon.
03-01-2015 Source: Oil can’t match Solar on cost
