Call us on 01242 620894Request a call back

MenuContactPhoneSearch
Covid-19 - Mypower is continuing to operate in line with government advice...

We are taking the advice on social distance and operating with the team working from home.

We can provide an initial desktop survey (no in-person meetings required) and a budgetary estimate that is typically within 5% of the final price.

This budget estimate will demonstrate the value that solar PV can bring your business now and for the long term.

Please get in touch on 01242 620894 or info@mypoweruk.com.

We wish all of our customers well during these extremely challenging times.

Saudi Arabia have agreed a deal on a 50MW solar electricity system

Saudi Arabia have agreed a deal on a 50MW solar electricity system

It’s slowly dawned on the Kingdom of Saudi Arabia that their huge country might be a good fit for solar electricity; loads of sunshine and vast tracts of empty land. It might also mean that they use less of their increasingly less valuable oil resource to produce heavily subsidised domestic electricity. This means more oil for export, even if at $48 a barrel, it isn’t the cash cow it used to be.

Solar is cheap too. Cleantechnica reports today that the Saudis have agreed a deal on a 50MW system which will supply electricity at less than 5 cents (US) per kWh. That’s just over 3 pence a unit. For the next twenty five years at least. This the cheapest installed price for solar electricity we have seen.

Whilst this is undoubtedly good news for a country which is quickly eating into its massive cash reserves to keep its people happy, they must be wondering what impact solar electricity at this price will do to their hydrocarbons business.

Read more at CleanTechnica.