close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Solar state of mind

Solar state of mind

In a region with thousands of hours of sunshine a year, the solar energy industry is in its infancy. Can Saudi Arabia lead the way in harnessing a new source of energy?

0

February 11, 2010 10:36 by



He also says that all solar power plants in the country – either thermal or photovoltaic – are research plants, much smaller than others around the world. For example, the biggest solar thermal power plant in the American state of Nevada produces 64MW and the largest in Europe, in Spain, produces 60MW.

“The total produced in 2008 in Saudi Arabia is approximately 34,000MW. So you can see the magnitude of the power needed in Saudi Arabia, with the power in developed countries being much greater.”

April 2009 estimates released by the American Department of Energy stated  that the cost comparison between fossil fuel and solar power to produce a kilowatt of electricity is 25 cents to 50 cents a kilowatt hour for sun power while oil-fired or conventional power is half that at just 12 cents.

“But in Saudi Arabia that price is even lower at only 3.2 cents a kilowatt,” Bashrahil says. “Solar energy is not feasible compared to conventional fuels and is only feasible at smaller plants in remote areas and for certain applications.”

However, statistics recently published in the ‘Saudi Commerce & Economic Review’ estimated that as much as 7,000 watts of energy per square meter fall on Saudi Arabia for 12 hours each day.

Because of this potential and the increasing electricity demand, many local and international entities are teaming up to bring prices down and make solar energy a feasible energy source.

Saudi Aramco is one just conglomerate that has been involved in researching solar energy and has met with international representatives such as Japanese refiners and solar panel manufacturers Show Shell Sekiyu.

They signed a memorandum of understanding last year agreeing to continue testing and to build a 10-megawatt pilot power plant as the first step in developing a countrywide solar energy strategy.

King Abdullah University of Science and Technology in Thuwal, 80 kilometers north of Jeddah, is also planning to build a 2-megawatt power plant to research solar energy.



Pages: 1 2 3 4

0

Tags: , , , , , ,

Leave a Comment