Aramco aims for 10% solar power by 2020
May 20th 2010, 11:59 am
#1
Hit 16's
Thread Starter
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Aramco aims for 10% solar power by 2020
...by investing US$80 billion.
http://www.straitstimes.com/Breaking...ry_529019.html
Yeah, great. Assuming they pump 9 million barrels per day, with a selling price of say $75 and production costs of (a very generous) $10, that leaves them with a profit of $214 billion per year. That's $2,140 billion over the next 10 years. They've got as much sun as they have oil. Spend some more on renewables, please.
http://www.straitstimes.com/Breaking...ry_529019.html
Yeah, great. Assuming they pump 9 million barrels per day, with a selling price of say $75 and production costs of (a very generous) $10, that leaves them with a profit of $214 billion per year. That's $2,140 billion over the next 10 years. They've got as much sun as they have oil. Spend some more on renewables, please.
May 20th 2010, 12:05 pm
#2
Shikra
Joined: Apr 2010
Location: Sandy Park
Posts: 192
Re: Aramco aims for 10% solar power by 2020
...by investing US$80 billion.
http://www.straitstimes.com/Breaking...ry_529019.html
Yeah, great. Assuming they pump 9 million barrels per day, with a selling price of say $75 and production costs of (a very generous) $10, that leaves them with a profit of $214 billion per year. That's $2,140 billion over the next 10 years. They've got as much sun as they have oil. Spend some more on renewables, please.
http://www.straitstimes.com/Breaking...ry_529019.html
Yeah, great. Assuming they pump 9 million barrels per day, with a selling price of say $75 and production costs of (a very generous) $10, that leaves them with a profit of $214 billion per year. That's $2,140 billion over the next 10 years. They've got as much sun as they have oil. Spend some more on renewables, please.
May 20th 2010, 1:20 pm
#3
BE Forum Addict
Joined: Aug 2008
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Posts: 1,024
Re: Aramco aims for 10% solar power by 2020
Problem is the production of huge amounts of electricity needed from solar just isn't feasible even with todays advances in panel technology.
Even Masdar it seems are sitting scratching their heads and realising it not going to be as easy as they initially said and and quietly changing some of the rules they set out?
Even Masdar it seems are sitting scratching their heads and realising it not going to be as easy as they initially said and and quietly changing some of the rules they set out?
May 20th 2010, 1:22 pm
#4
Hit 16's
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Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Aramco aims for 10% solar power by 2020
Problem is the production of huge amounts of electricity needed from solar just isn't feasible even with todays advances in panel technology.
Even Masdar it seems are sitting scratching their heads and realising it not going to be as easy as they initially said and and quietly changing some of the rules they set out?
Even Masdar it seems are sitting scratching their heads and realising it not going to be as easy as they initially said and and quietly changing some of the rules they set out?
May 25th 2010, 9:32 am
#6
Hit 16's
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Posts: 13,112
Re: Aramco aims for 10% solar power by 2020
...'cept that solar panels don't generate heat, they convert it into other forms of energy.
May 25th 2010, 4:31 pm
#7
Roving Donny fan.
Joined: Aug 2008
Location: Doncaster, UK. But not for long!!! Where's my visa!!!
Posts: 385
Re: Aramco aims for 10% solar power by 2020
I was working with a guy a few years back who was installing fields full of solar panel farms in Spain, not sure how its going it would be interesting to find out.
May 25th 2010, 4:59 pm
#8
BE Forum Addict
Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,805
Re: Aramco aims for 10% solar power by 2020
I just shipped 21 x 40' Containers of panels to Italy for a new development. Sale value of the panels was just shy of 10mil USD installation and engineering all on top. It either works, or some-ones got far too much money to throw away.
May 26th 2010, 5:09 am
#9
Remember
Joined: Oct 2003
Location: The Land of Sindbad
Posts: 1,275
Re: Aramco aims for 10% solar power by 2020
Of course they generate heat- a massive amount of reflected heat. It is one of the major downsides of using solar power in this region.
