T: 01242 620894 E: info@mypoweruk.com

Even with oil prices falling there is still demand for renewables

Three facts jump out in this article from today’s FT,  which speculates on the impact of lower oil prices on the market for electric cars.  The first is that the UAE is building a solar farm in Dubai which will supply electricity at $0.06/kWh which is 2-3 cents lower than the cost of electricity from the emirate’s gas powered stations.  Given that the UAE has access to some of the cheapest gas in the world,  this shows the potential for PV generation without the need for subsidy.

Secondly,  we were astonished to read that over a fifth of global electricity generation was produced by renewable sources last year and thirdly,  that half of new electrical generation capacity added since 2011 has come from renewable technologies. 

The fact that it is a Saudi company which is building the solar plant in Dubai is especially interesting,  given the kingdom’s reliance on oil exports.  It’s a fact that the oil rich middle east is one of the best places in the world to generate electricity from solar energy.  They have huge tracts of otherwise useless land and high levels of reliable sunshine.  Couple this with a massive domestic demand for electricity -  life in Dubai without air conditioning would be unbearable for most ex-pats -  and this scheme makes perfect sense.


News Headlines

Tesla will soon face serious EV competition from Porsche

Gas, nuclear and coal generators told to produce less electricity this summer

British Gas is increasing the cost of energy by 5.5% this month

VW is still dealing with the fallout from #dieselgate in the US

Audi is joining the all electric club with a new SUV

UK electricity demand being generated by renewables just keeps growing

Saudi Arabia is going to build the world's largest solar project

Electric air transport on the horizon

Spat between Aston Martin and Rolls Royce

National Grid planning a network of superfast chargers at UK motorway services

California is racing towards a solar future

Porsche and Daimler Benz increasing EV commitments

UK industry pays 33% more for electricity than the rest of Europe

Former Energy Minster pleas for government to bankroll expensive Swansea tidal lagoon

Gloucestershire drivers are leaders in the electric car uptake

A compelling business argument for solar

The potential for solar across Africa is huge

UK's reliance on imported gas could soon backfire

Fuel forecourt operators have a serious choice to make with EV charging

Mypower shine to win another Solar energy award