BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth
Green Car Congress
DECEMBER 22, 2014
With oil at $100/barrel, the replacement of these generators or their hybridization with renewables was just beginning to take off. There could be a question mark over Saudi Arabia’s plan, announced in 2012, to invest $109bn in 41GW of solar power by 2032. Oil at $60/barrel could mean a natural gas price as much as $0.90/MMBtu
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