Solar energy becomes commercially viable in MENA
13 Sep 2012

But a new report from the Emirates Solar Industries Association, sponsored by PwC, challenges this conventional wisdom. ESIA’s research, leady by author Robin Mills, indicates that solar electricity generation is now economically viable when fuel costs exceed $80 per barrel equivalent. With further improvements in technology and financing, this break-even price would fall below $60 per barrel, making solar competitive with new regional gas fields.