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
There could be a question mark over Saudi Arabia’s plan, announced in 2012, to invest $109bn in 41GW of solar power by 2032. Saudi Arabia burns up to 900,000 barrels of oil per day to generate over 50% of its electricity. since 2007, while demand for finished petroleum products has dropped by 10.5%.
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