• 3 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 6 minutes Forecasts for Natural Gas
  • 14 minutes NordStream2
  • 14 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Communist China Declared War on the US Long Ago Part 1 of the 2-part series: The CCP's War on America
  • 26 mins China's aggression is changing the nature of sovereignty.
  • 15 hours Delta variant in European Union
  • 3 days Ukrainian Maidan after 8 years
  • 22 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 4 days OPEC+ Expects Large Oil Glut In Early 2022
  • 2 days Сryptocurrency predictions
  • 4 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 4 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 4 days Hunter Biden Helped China Gain Control of Cobalt Mines in Africa

Breaking News:

SPR Tender Attracts Two Foreign Bidders

Drilling Is Picking Up In The U.S. Shale Patch

Drilling Is Picking Up In The U.S. Shale Patch

U.S. shale drillers have significantly…

Spain Achieves Grid Parity for Solar Power

Just five years ago subsidised prices of solar power in Spain were around nine times more than those of fossil fuels; but in 2007-2008 Spain installed a large capacity of solar power plants than the rest of the world put together.

The stimulus effect of Spain’s program, along with that of Germany (who spent more than two billion Euros to install 30GW of solar energy capacity), and other European countries, has helped to develop the solar technology and the solar industry for the entire world, leading to falling costs and increasing efficiency.

This means that utilities can seriously consider building solar plants that can produce electricity at grid parity, and Spain can even do so without the need of government subsidies.

Related Article: Advances in Fullerene Technology Boosts Organic Solar Cell Efficiency

Bloomberg reported last week that several solar developers in Spain have just requested permits to connect solar plants to the country’s electrical grid, where it will sell the power it produces at market prices. The permits request for a total of 37.5GW, a fair bit more than the 4.2GW that the country currently has installed, and an indication of the large capacity that will be built in the future.

Some new installations have already been proposed and include some of the largest in Europe, as large as 500MW in size. The solar plants will be comparable to the giant First Solar Agua Caliente facility in Arizona, or the Antelope Valley project in California, but will produce electricity at a far lower price.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News