startling headlines that have emerged from the energy sector that would have seemed impossible just a few years ago.
The Dubai Electricity and Water Authority in May received bids to develop solar power projects that would deliver electricity costing less than three cents per kilowatt hour. This price is well below the benchmark of what the emirate and other countries typically pay for electricity from coal-fired stations.
In the UK, renowned for its miserable overcast weather, solar panels contributed more power to the grid than coal plants for the month of May.
In energy-hungry Los Angeles, the electricity company AES is installing the world’s largest battery, with capacity to power hundreds of thousands of homes at times of high demand, replacing gas-fired plants which are often used at short notice to increase supply to the grid.
Trina Solar, the Chinese company that is the world’s largest solar panel manufacturer, said it had started selling in 20 new markets last year, from Poland to Mauritius and Nepal to Uruguay.
Cargoes of liquefied natural gas have been heading from the US to the Gulf, making the surplus in North America available to the markets of Dubai and Kuwait even though they sit within the world’s largest oil and gas producing region.