Renewable Energy
other hand is much more predictable; the fuel price is always the same: zero,” notes MESIA.
Economic models Finally is the difference in economic models between solar and oil. MESIA points out that as demand for fossil fuels goes up, so do prices. But with solar, as consumption goes up, prices come down because of the economies of scale involved. Plus, as demand for solar booms in the region, prices will continue to fall, regardless of the price of oil. “Te cost of large scale solar PV is similar to the cost of generating power with oil at US$20/barrel,” said Vahid Fotuhi, President of MESIA and Director of Origination at Access Power MEA. “As long as oil remains above US$20/barrel it is more economically attractive to use solar for electricity generation and keep oil for more valuable purposes such as transport fuels.”
Among the other major projects likely
to proceed in 2015 are: a further 500MW of capacity in Egypt, a 200MW project for the Ministry of Energy and Mineral Resources in Jordan, and a 200MW
project for the Moroccan Agency for Solar Energy (MASEN). At the other end of the scale are local, roof-top projects including a 0.4MW scheme for mall heating in Qatar and a 1MW scheme for the Al Ain hospital in UAE.
Reducing consumption One smaller project already completed in 2015 is Saudi Aramco’s installation of its first rooftop solar voltaic system – on an office in Dhahran. Te company’s stated aim is to reduce non-industrial energy consumption by 35% by 2020 through the installation of energy efficient LED lights, the testing and installation of solar panels and other renewable energy sources, and the application of new standards and requirements related to thermal insulation in homes and buildings.
Te solar installation consists of 144 PV modules interconnected to the existing electrical system, ensuring the delivery of about 35 kilowatt peak (kWp) of power. Over its lifespan, the project will generate 1.2 million kWh of clean energy, mostly during peak-demand time of the day, when energy is most needed. l
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P.O.Box 11 40 95456 Bad Berneck Germany Phone: +49 9273 72-0 Fax: +49 9273 72-102
expansion-joints@frenzelit.de www.frenzelit.com
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