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The Usain Bolt of Solar Power - Ep130: Paddy Padmanathan

Cleaning Up: Leadership in an Age of Climate Change

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The Subsidy of Oil-Based Power

In 2013, I had written a piece about Twilight in the desert for oil-based power and said, if you're pulling oil out of Saudi Arabia, don't burn it for power. That paper disappeared without trace. Fast forward. The plant is operating very well. It's been consistently delivering energy. We're making the money that we expect you to make. We're paying back the loans, everything. Within one year there was another tender from D-Wah. Guess what? The numbers were 2.99. And not only is it 25% below anybody else, but it's also matching the costs of Fossil Power.

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