24 May '14, 10am

Middle Eastern Money Oils Wheels of Solar Expansion

LONDON -- The opportunity cost of oil exports is beginning to drive solar expansion in the Mideast Gulf and beyond, according to Mohamad Asad Khan, a senior investment manager at Kuwait’s Enertech. As part of a state organization with access to $300-$400 billion per year, his opinion counts. “The bottom line now is the opportunity cost of burning oil”, said Khan. “That is the key driver of renewable development here, as countries see domestic consumption from power generation and industrial uses diverting oil production and eating into export earnings…For example, if the world’s biggest oil exporter, Saudi Arabia, does not bring on alternatives — and that means renewables — it will be an oil importer by 2035.” “Every dollar spent on renewable generation here, means more oil is kept available for export, and we also plan to deliver this renewable technology to the wider dev...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

Tweets

Middle Eastern Money Oils Wheels of Solar Expan...

renewableenergyworld.com 22 May '14, 1pm

“The bottom line now is the opportunity cost of burning oil”, said Khan. “That is the key driver of renewable development ...

#Solar PV demand in Middle East and #Africa to ...

solarindustrymag.com 26 May '14, 12am

Solar photovoltaic demand from the Middle East and Africa (MEA) region is set to grow 50% in 2014, according to new resear...

How can #CPF be improved? Insight looks at some...

cpf.gov.sg 31 May '14, 3am

Why does the minimum sum keep rising? Isn't that like shifting goalposts, making it harder for Singaporeans to meet the am...

China PV Exports Rise on Expansion in Emerging ...

renewableenergyworld.com 26 May '14, 11am

“China’s PV products previously were mainly exported to the U.S. and to European countries, but now exports to emerging ma...

China PV Exports Rise on Expansion in Emerging ...

renewableenergyworld.com 26 May '14, 12pm

“China’s PV products previously were mainly exported to the U.S. and to European countries, but now exports to emerging ma...

#Tech Oil Wholesaler Builds Solar Plant Near Coal Mine

#Tech Oil Wholesaler Builds Solar Plant Near Co...

techon.nikkeibp.co.jp 24 May '14, 12pm

Fig. 1: Hiraoka Sekiyu's mega-solar power plant in Arao City, Kumamoto Prefecture (source: Nikkei BP) Fig. 2: Hiraoka Seki...

Iran: The High Cost Of Blood Money via @Strateg...

strategypage.com 26 May '14, 9am

by increasing the price of petroleum products as much as 75 percent. Many Iranians expect inflation to return because of t...

REC Solar warns that UK policy changes will dam...

solarserver.com 27 May '14, 7am

Citing the example of market problems in Germany, REC Solar ASA (Oslo) says that the uncertainty which is being introduced...

Show Me Solar: Missouri's Opportunity for Solar Power

Show Me Solar: Missouri's Opportunity for Solar...

renewableenergyworld.com 29 May '14, 2pm

What can solar power do for a single state? How about 21 percent of its energy, $14 billion in economic activity, and over...

Chinese Solar Manufacturer Wants To Become Solar Power Plant Developer, Too

Chinese Solar Manufacturer Wants To Become Sola...

renewableenergyworld.com 28 May '14, 3pm

Shunfeng plans to sell as many as 600 million new shares at not less than HK$10 apiece, according to a statement to the Ho...

Solar roads. If this becomes cost effective. Wo...

renewableenergyworld.com 22 May '14, 9am

Four years ago, Scott and Julie Brusaw announced their provocative concept of "Solar Roadways ," a system of modular ‘pave...

Climate-Resilient Solar Hot Water Systems at Fi...

renewableenergyworld.com 25 May '14, 6pm

Despite its obscurity, solar hot water heating is a great technology — cost-effective, pollution-free, climate-resilient. ...

Indian billionaires invest almost half their money on #realestate

Indian billionaires invest almost half their mo...

propgoluxury.com 26 May '14, 1pm

Affluent Indians on average invest about 44of their wealth on properties, much higher than global average of 24 percent, a...

Companies Eye Factory Rooftops for Solar Expansion in Japan

Companies Eye Factory Rooftops for Solar Expans...

renewableenergyworld.com 14 May '14, 2pm

Panasonic will start selling panels in June that are able to be installed more efficiently on corrugated factory roofing, ...