posted on Jul, 13 2010 @ 08:05 AM
That's 7 dollars per watt of installed capacity. However adjusted for the intermittent nature of sunlight the actual cost is going to be between $17
to $40 per watt of average power level, not including the cost of natural gas backups. This compares highly unfavorably to the 900 megawatt nameplate
capacity Tomari-3 reactor, Japan which cost $3.0 per watt adjusted for average power
. If you're talking about delivering reliable, cheap electricity then I'm sorry to say that solar is not the way to go. Solar on average
runs at 15%-40% of nameplate capacity depending on technology, whereas Nuclear is up around 80%-95% which the most reliable of any power source.
Contrary to common belief, every little bit does not make a difference, and every dollar spent on solar is a dollar not spent on far more useful
energy sources, like Nuclear, micro-generation, or wind.
Egypt has already 11% hydro, by '20% renewable' they probably really mean expanding hydro somewhat, with wind doing the rest of the lifting, and
then a tiny negligible contribution by solar.
[edit on 13/7/2010 by C0bzz]