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Aramco aims for 10% solar power by 2020

Aramco aims for 10% solar power by 2020

Old May 20th 2010, 11:59 am
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Default 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.
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Old May 20th 2010, 12:05 pm
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by Bahtatboy View Post
...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.
Interesting...
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Old May 20th 2010, 1:20 pm
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by shikra View Post
Interesting...
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?
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Old May 20th 2010, 1:22 pm
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by Jim Smith View Post
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?
I bet if the oil dried up unexpectedly tomorrow they'd find a way...
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Old May 25th 2010, 5:35 am
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by Bahtatboy View Post
I bet if the oil dried up unexpectedly tomorrow they'd find a way...
The heat produced by that many solar panels would heat up the area even more so would need more water, more air conditioning etc.....
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Old May 25th 2010, 9:32 am
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by Desert Dweller View Post
The heat produced by that many solar panels would heat up the area even more so would need more water, more air conditioning etc.....
...'cept that solar panels don't generate heat, they convert it into other forms of energy.
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Old May 25th 2010, 4:31 pm
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Default 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.
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Old May 25th 2010, 4:59 pm
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Default 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.
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Old May 26th 2010, 5:09 am
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Default Re: Aramco aims for 10% solar power by 2020

Originally Posted by Bahtatboy View Post
...'cept that solar panels don't generate heat, they convert it into other forms of energy.
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.
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