Tag Archives: Saudi

4.9cents/kWh solar – project in Saudi at US$49 per MWh contract

Posted on August 5, 2015 by groundswellbasscoast

PV Tech is reporting that Saudi Electric Company has agreed to build a 50MW solar PV power project under a power purchase agreement paying a rate per kWh or US$49 per megawatt-hour (MWh) without any additional subsidy…companies are already co-operating on another … Continue reading →

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Graph of the Day: Collapse of US shale oil industry

Posted on February 4, 2015 by groundswellbasscoast

…without huge surge in shale oil since 2009, global crude-oil output would have been lower in 2014 than 2005. This is the very supply that Saudis and OPEC have been targeting. What the sudden drop in rig count suggests…the market is starting … Continue reading →

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