Canadian Politics Today

When the Bank of Abu Dhabi abandons investments in fossil fuels in lieu of renewables, you can bet they have done their research.

The report in question was dealing with the viability of solar in a country in a tropical desert that currently uses oil to generate electricity. The article attempted extend the analysis beyond the scope of the report which is nonsense. In any case, the cost of solar is not from the cost of solar panels - the cost comes from the backup power and/or grid scale storage required to deal with the variability. Hand waving assurances that the 'storage cost is coming down' does not make solar cheaper than the alternatives - especially in northern latitudes with half the solar isolation. If we actually get real low cost storage solutions the economics will change. But we don't have them today and pretending we do is not helpful.