• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 2 hours UK, Stay in EU, Says Tusk
  • 12 mins Socialists want to exorcise the O&G demon by 2030
  • 9 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 3 hours Nuclear Power Can Be Green – But At A Price
  • 20 mins Chevron to Boost Spend on Quick-Return Projects
  • 6 hours Venezuela continues to sink in misery
  • 7 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 4 hours Maritime Act of 2020 and pending carbon tax effects
  • 21 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 19 hours How Is Greenland Dealing With Climate Change?
  • 19 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Solid-State Batteries
  • 23 hours Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 1 day Orphan Wells
Can The U.S. Keep Its Nuclear Industry Afloat?

Can The U.S. Keep Its Nuclear Industry Afloat?

The United States is severely…

There Is Still Room To Run For Oil Prices

There Is Still Room To Run For Oil Prices

Morgan Stanley claims that the…

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

Oilprice - The No. 1 Source for Oil & Energy News