Sunday, September 06, 2009

Solar Wow – Half Trillion Dollar Project to provide up to 15% of Europe’s Electrical Power

A consortium of European companies has committed to building a huge group of solar collectors from the Saudi Peninsula to Morocco. The power collected would be transmitted to Europe via undersea cables.  Power collected would also be distributed to power grids in the countries where the generation plants are located. 

It is an amazing amount of money committed despite many details left to be worked out, including the nuts-and-bolts of cost and profit contributions in generator nations, political stability and not least, the financing.  All that, if worked out, and assuming undersea cables not currently available are developed and deployed, would produce still less than 15% of Europe’s electrical demand in 2050.  To me at least, it is not an encouraging indicator that at least this alternative source of electrical power can be a meaningful contributor to the grid.

1 comment:

Josh said...

I think that is the great news.but..
It is an amazing amount of money committed despite many details left to be worked out, including the nuts-and-bolts of cost and profit contributions in generator nations, political stability and not least, the financing. All that, if worked out, and assuming undersea cables not currently available are developed and deployed, would produce still less than 15% of Europe’s electrical demand in 2050.

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