Executive Summary
The Gulf Region has some of the world’s best solar resources. However, governments in the region have historically valued oil and gas at cost and have provided their populations with subsidised electricity, two factors which have impeded the development of renewable energy.
This study shows that falling costs of photovoltaic (PV) technology mean that solar energy is already a viable option for power generation in the region where it can be used to replace the burning of oil for power generation, as long as that oil is valued at the international selling price.
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