- Gulf States declare that they will eliminate oil-fired generation because the cost of solar has dropped below the point at which they are better off implementing solar for domestic electricity and selling their oil on the global market.
- Wind sector announces that installed turbine costs have dropped below 1 Euro/watt for the first time, making it competitive with their cost of coal-fired generation.
- The nuclear plant problems in Japan have caused Switzerland to cancel plans to refurbish or build new nuclear plants and other western nations to review their plans for nuclear in light of natural disaster risk.
- North African instability has caused oil prices to rise again and speculation is again in play.
- Solar panels are forecast to drop a further 15-20% in the coming year.
Solar remains the only renewable option that can be installed on a large scale at demand centers without new transmission and distribution builds.
Monty Bannerman
ArcStar Energy
646.402.5076
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