If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?
Private sector fossil fuel spending on exploration is drying up just as modest rises in clean energy investments are being observed. With stock market investors increasingly embracing renewables, the IEA has observed positive signals in its latest energy investment report, but warned we are still doing far too little to keep global heating at bay.
Scientists in Qatar have developed a new model for setting up standalone EV recharging stations based on the hybridization of multiple renewable energy sources and different types of storage. The system includes power generation devices from CPV/T, wind, and biomass and is designed to fast-charge 80 electrical vehicles daily.
With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.
The State of Qatar is a World Bank high-income economy, backed by the world’s third-largest natural gas and oil reserves. Qatar has the third-highest GDP per capita in the world, with very high human development. Similar to other Gulf Cooperation Council states – the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain – Qatar is wrestling with the fluctuations in global hydrocarbons prices that started in 2014 and are now compounded by the Saudi-led embargo since 2017.
The 1 MW/4 MWh storage system will be used for a peak shaving application to store power during off peak hours or when the station reaches minimum load and use the stored energy during peak load as well as for improving network voltage
Qatar General Electricity and Water Corporation has announced financial close on the 800 MW Siraj-1 solar project with Mizuho Bank and the state-owned Japan Bank for International Cooperation. The project, secured in a tender by France’s Total and Japan’s Marubeni, will sell power for $0.01449/kWh.
Utility Kahramaa has revealed the winning consortium initially offered $0.01745/kWh with the price then reduced based on financial market indices.
The resulting project will sell power to Qatar General Electricity and Water Corp under a 25-year power supply deal. French oil and gas giant Total and Japanese conglomerate Marubeni will hold a combined 40% stake in the power plant, which will be built near Doha, the Qatari capital.
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