US warmists advocate legislation that prices carbon at about $20 to start.
Here’s the math for the plant:
Plant construction: $600 million
Annual CO2 displacement: 175,000 tons — 3.5 million tons over 20 years
$600 million/3.5 million tons = $171.43 per ton of CO2.
It’s worse. The figures don’t include operating & maintenance expenses, nor capital improvements, which are likely to be needed.
A “carbon price of $171 per ton”, well thats a bargain then!
Air-conditioning is a major power use in the Persian Gulf — for that matter, I spend more on the air-conditioning part of my electric bill for 10 weeks than I do on lights for the whole year. It’s still hot at night in the Gulf but it’s hotter in the day. If solar energy were effective, it could take a serious load off of other forms of generation during the day and the other systems would take over when solar cuts out.
That is the whole “green” pipe dream: people willing to use less energy or compelled to use less, then a grid robust enough to switch sources and to match supply and demand. None of this is on the cards in the foreseeable future — well, to some degree the compulsion.
If this actually worked, I’d be a fan. But it doesn’t.
“will power thousands of homes in the United Arab Emirates”
Must be a culture barrier . . . Arab’s don’t use electricity at night?