Saudi Arabia sun electricity venture ushers in renewable generation
We’ve mentioned earlier than approximately the large motion remote places towards a renewable power future and this includes the house of one-fifth of the world’s validated oil reserves — Saudi Arabia. For many, Saudi Arabia symbolises opulent oil wealth, a wasteland kingdom so awash in the black stuff that fortunes are measured in billions no longer thousands and thousands.
All presided over through the astute al-Saud clan.
Which brings us neatly to this week’s rant. The latest Saudi Arabia sun strength undertaking is a part of a massive $US100 billion funding in sun strength with the intention to deliver an envisioned forty one GW of renewable power by 2032. Saudi company Abdul Latif Jameel has teamed up with Spain’s Fotowatio Renewable Ventures in a three-12 months assignment to construct solar strength flowers well worth $US130 million every in the desolate tract kingdom and the Gulf area.
This activates the question: have the oil sheikhs visible the renewable writing at the wall? Or is there one hell of a peak oil crisis on its manner, possibly plenty in advance than we think?
Of course that is a sun narks’ worst nightmare. After ignoring the breakthroughs in sun storage, as well as the contributions made via Australian universities in key areas which includes sun cell efficiency (hats off UNSW), what if one of the foremost pillars of the fossil fuel industry began to dry up…literally?
For a begin the narks could ought to alter their advertising pitch (clenches tooth, holds nostrils and does Tony “The Fossil Fuel Monk” Abbott’s rasping voice: “When the wind doesn’t blow, whilst the sun doesn’t shine”). How’s height oil Tone? Had a examine Saudi Arabia recently? “When the oil doesn’t drift etc…”.
Claims approximately height oil had been made for many years with estimates as to while oil will give up varying in step with the specific research findings (once in a while the vested pastimes backing the studies comes into play). Many don't forget that “top oil” has already been reached and we are properly down the steep slope of the curve heading in the direction of the stop faster than a Tony Abbott press convention.
While we seem to have sufficient oil to remaining for many many years but (even though once more estimates vary) what is generally agreed is that the price of extraction of oil will upward push. This is as more inaccessible reaches of fossil gasoline, previously left out due to value, are explored. Of course this makes renewable strength inclusive of sun electricity, even more fee effective in contrast.
The oil-rich (for now) Saudis, with their collective hands on the state’s oil balance sheet, may understand this higher than maximum.
However let’s lot be too harsh at the oil sheikhs or our Tone, possibly the al-Saud royal family has seen the light (you had been waiting for that weren’t you?) and is investing inside the future of, not simply the oil-wealthy usa, nor the strife-torn area, however the international. Perhaps some younger (any royal underneath 65 is taken into consideration younger) prince/princess of the ruling circle of relatives has knocked on the king’s door, pointed out the big pollutants brought in oil tankers round the arena and and next destruction of the surroundings and impact on weather alternate and said this may’t pass on.
Sounds acquainted? Except with coal replacing oil? On this conventional Australia Day long weekend will someone knock on King Tone’s door and say something comparable?
This may additionally all sound a touch quaint, even laughable. After all the figures show a great difference in potential in sun power among the 2 countries with Saudi Arabia’s $US100 billion application to supply 41GW contrasting with Australia’s installed quantity of sun amounting to a paltry 3GW.
However is evaluating the contemporary Saudi Arabia sun energy mission tasks with Australia to this point-fetched? Are we not the “Saudi Arabia of the sun”? On that thought your correspondent, on behalf of SQHQ, needs all readers a very secure and fun Australia Day weekend. Enjoy or aggrieved by this week’s rant?
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