{"id":3374,"date":"2014-01-27T16:20:03","date_gmt":"2014-01-27T05:50:03","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=3374"},"modified":"2024-10-04T06:18:44","modified_gmt":"2024-10-03T20:48:44","slug":"solar-narks-worst-nightmare-saudi-arabia-solar-power-project-ushers-renewable-era","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solar-narks-worst-nightmare-saudi-arabia-solar-power-project-ushers-renewable-era\/","title":{"rendered":"Solar nark’s worst nightmare: Saudi Arabia solar power project ushers in renewable era"},"content":{"rendered":"
\"oil<\/a>

The balance has tipped in favour of solar in Saudi Arabia.<\/p><\/div>\n

We’ve mentioned before about the huge movement overseas towards a renewable energy future and this includes the home of one-fifth of the world’s proven oil reserves — Saudi Arabia. For many, Saudi Arabia symbolises opulent oil wealth, a desert kingdom so awash in the black stuff that fortunes are measured in billions not millions.<\/span><\/p>\n

All presided over by the astute al-Saud clan.<\/p>\n

Which brings us neatly to this week’s rant. The latest Saudi Arabia solar power project is part of a massive $US100 billion investment in solar energy which will deliver an estimated 41 GW of renewable energy by 2032. According to this 21\/1\/2014 SMH article, Saudi company Abdul Latif Jameel has teamed up with Spain’s Fotowatio Renewable Ventures in a three-year venture to build solar power plants worth $US130 million each in the desert kingdom and the Gulf region.<\/p>\n

This prompts the question: have the oil sheikhs seen the renewable writing on the wall? Or is there one hell of a peak oil crisis on its way, perhaps a lot earlier than we think?<\/p>\n

Of course this is a solar narks’ worst nightmare. After ignoring the breakthroughs in solar storage, as well as the contributions made by Australian universities in key areas such as solar cell efficiency (hats off UNSW<\/a>), what if one of the main pillars of the fossil fuel industry began to dry up…literally?<\/p>\n

For a start the narks would have to adjust their marketing pitch (clenches teeth, holds nostrils and does Tony “The Fossil Fuel Monk” Abbott’s rasping voice: “When the wind doesn’t blow, when the sun doesn’t shine”). How’s peak oil Tone? Had a look at Saudi Arabia lately? “When the oil doesn’t flow etc…”.<\/p>\n

Claims about peak oil have been made for many years with estimates as to when oil will cease varying according to the different research findings (occasionally the vested interests backing the research comes into play). Many consider that “peak oil” has already been reached and we are well down the steep slope of the curve heading towards the end faster than a Tony Abbott press conference.<\/p>\n

While we appear to have enough oil to last for many decades yet (though again estimates vary) what is usually agreed is that the cost of extraction of oil will rise. This is as more inaccessible reaches of fossil fuel, previously ignored because of cost, are explored. Of course this makes renewable energy such as solar power, even more cost effective in comparison.<\/p>\n

The oil-rich (for now) Saudis, with their collective fingers on the nation’s oil balance sheet, may understand this better than most.<\/p>\n

However let’s lot be too harsh on the oil sheikhs or our Tone, perhaps the al-Saud royal family has seen the light (you were expecting that weren’t you?) and is investing in the future of, not just the oil-rich country, nor the strife-torn region, but the world. Perhaps some young (any royal under 65 is considered young) prince\/princess of the ruling family has knocked on the king’s door, pointed out the massive pollution delivered in oil tankers around the world and and subsequent destruction of the environment and effect on climate change and said this can’t go on.<\/p>\n

Sounds familiar? Except with coal replacing oil? On this traditional Australia Day long weekend will someone knock on King Tone’s door and say something similar?<\/p>\n

This may all sound a little quaint, even laughable. After all the figures show a vast difference in capacity in solar power between the two nations with Saudi Arabia’s $US100 billion program to deliver 41GW contrasting with Australia’s \u00a0installed amount of solar amounting to a paltry 3GW.<\/p>\n

However is comparing the latest Saudi Arabia solar power project initiatives with Australia so far-fetched? Are we not the “Saudi Arabia of the sun”? On that thought your correspondent, on behalf of SQHQ, wishes all readers a very safe and enjoyable Australia Day weekend. Enjoy or aggrieved by this week’s rant? Please take a moment to comment either here or over at our Facebook<\/a> Page.<\/p>\n","protected":false},"excerpt":{"rendered":"

We’ve mentioned before about the huge movement overseas towards a renewable energy future and this includes the home of one-fifth of the world’s proven oil reserves — Saudi Arabia. For many, Saudi Arabia symbolises opulent oil wealth, a desert kingdom so awash in the black stuff that fortunes are measured in billions not millions. All […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[68],"tags":[],"class_list":["post-3374","post","type-post","status-publish","format-standard","hentry","category-utility-scale-solar","entry"],"acf":[],"yoast_head":"\nSolar nark's worst nightmare: Saudi Arabia solar power project ushers in renewable era - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"is comparing the latest Saudi Arabia solar power project initiatives with Australia so far-fetched? 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Such a defining moment occurred in Paris this week when Reuters, the Financial Times and The Guardian all reported Minister Ali Al-Naimi as admitting the days of oil exports\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"oil on solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/oil-on-panels.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/oil-on-panels.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2015\/05\/oil-on-panels.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":2091,"url":"https:\/\/www.solarquotes.com.au\/blog\/whats-behind-the-qatari-enthusiasm-for-solar-power\/","url_meta":{"origin":3374,"position":1},"title":"What\u2019s behind the Qatari enthusiasm for solar power?","author":"Staff Writer","date":"December 3, 2012","format":false,"excerpt":"Every now and then here at Solar Quotes HQ we like to tear ourselves away from the short sighted solar power policies of our elected representatives and gaze at overseas solar energy trends. Are other countries\u2019 solar sectors hamstrung by suffering cutback after cutback in solar feed-in tariffs? Do they\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3856,"url":"https:\/\/www.solarquotes.com.au\/blog\/public-support-australia-renewable-energy-superpower\/","url_meta":{"origin":3374,"position":2},"title":"Public support for Australia as a renewable energy superpower","author":"Staff Writer","date":"August 4, 2014","format":false,"excerpt":"It's been mentioned more than a few times that Australia could be the next renewable energy superpower. With our wide open spaces, almost unlimited sun and centres of research excellence we could show the world the way in solar power and other forms of renewable energy. Jeremy Rifkin, author of\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"solar panels in front of cooling towers","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/08\/solar-cooling-towers.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/08\/solar-cooling-towers.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/08\/solar-cooling-towers.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":32819,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-emissions-exports-mb1180\/","url_meta":{"origin":3374,"position":3},"title":"Australia A Typhoid Mary Of Fossil Fuel Emissions","author":"Michael Bloch","date":"August 20, 2019","format":false,"excerpt":"One of the excuses for not taking real climate action in Australia is the argument that in the scheme of things, Australia is a bit player in emissions. A new report from The Australia Institute (TAI) shows that's not the case. It's not just what we generate here that counts,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australia - fossil fuel exports","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15180,"url":"https:\/\/www.solarquotes.com.au\/blog\/abbott-solar-power-subsidies-mb0216\/","url_meta":{"origin":3374,"position":4},"title":"Ditch Wind And Solar Power Subsidies, Forget The CET : Abbott","author":"Michael Bloch","date":"September 21, 2017","format":false,"excerpt":"Ex-Prime Minister Tony Abbott's latest dummy spit on renewables is same-old, same-old - but it has turned up the coal-fired heat on the Turnbull Government. Mr. Abbott has been a very busy backbencher over the last couple of days - first an interview on Sky News on Tuesday night where\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Tony Abbott takes aim at wind and solar power","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/tony-abbott-renewable-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/tony-abbott-renewable-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/tony-abbott-renewable-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/09\/tony-abbott-renewable-energy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":42674,"url":"https:\/\/www.solarquotes.com.au\/blog\/anu-cheap-hydrogen\/","url_meta":{"origin":3374,"position":5},"title":"ANU Claims Hydrogen At $2-3 A KG By 2030 — I Say Not Bloody Likely","author":"Ronald Brakels","date":"September 7, 2020","format":false,"excerpt":"Hydrogen is the car fuel of the future.\u00a0 Just not our future.\u00a0 But I'm sure in some alternate future Jack Nicholson is President and Australians are labouring in underground hydrogen mines to fill the transport blimps of the California Federation.\u00a0 https:\/\/youtu.be\/TjfONpsFvyM?t=26 The cars in our future will run off boring\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"Hydrogen vs. emission offset natural gas","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/hydrogen-car.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/hydrogen-car.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/hydrogen-car.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/hydrogen-car.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/09\/hydrogen-car.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=3374"}],"version-history":[{"count":7,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3374\/revisions"}],"predecessor-version":[{"id":87371,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3374\/revisions\/87371"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=3374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=3374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=3374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}