www.fanaticalfuturist.com
I was still in the process of editing my post after crunching the numbers and saw your post afterwards, you are right, I wouldn't go as far as to call it a meme, but there is no precedence for this anywhere.
Doesn't mean we shouldn't try. Every option for energy helps and unlike Ethiopia, Somalia doesn't have a huge population so there are less demands for energy.
Yep oil will be our main source of energy for the foreseeable future. Most of Somalia's investment should go there.
I have revised my post after crunching the numbers for e.g. to power 50 factories in Somalia you will need around 3 million USD if your sourcing it directly from China the panels.View attachment 352030
View attachment 352032
Solar energy is the future for Somalia. Combined with the rapid drop of LFP batteries in China:
View attachment 352031
China's batteries are now so cheap they could enable huge power shifts
China can produce at scale, and produce at very low cast, and that means they can dominate and move global industries and markets unlike any other country.
| Energy Source | Capital Cost (USD) | Annual Operating Cost (USD) | Total Operating Cost (25 Years, USD) | Total Cost Over 25 Years (USD) |
| Coal | $10,075,000 | $900,000 | $22,500,000 | $32,575,000 |
| Natural Gas/Oil | $6,045,000 | $3,000,000 | $75,000,000 | $81,045,000 |
| Hydropower | $27,400,000 | $600,000 | $15,000,000 | $42,400,000 |
| Solar + Batteries | $65,963,152 ($52,273,152 for batteries + $13,690,000 for panels) | $300,000 | $7,500,000 | $73,463,152 |
Building a huge solar farm in Sanaag matching the capacity of Ethiopia's GERD dam would cost $8 billion today. Installation costs is inflated as well I would say, so the figure is likely a bit lower. The batteries would cost $6.6 billion, but in 5-10 years time that figure would probably be $1 billion if not less. Even so, it's still cheaper than how much it cost Ethiopia to build ($10+ billion). Also, it would generate $700 million a year in revenue if sold at $0.05 per kwh.
What you are not factoring in is that those batteries and those panels have 20-25 year lifetime so they will be no good, even if the prices drop 50% in the future (unlikely due to demographics issue China)
Why don't you think the prices of LFP batteries will drop in the future? It has already dropped 50 % in the last year. In 2015, the price was $350 per kwh, now it's $50 per kwh. That's an astronomical decrease in price.
aukehoekstra.substack.com
Somalia has potentially 8,000 hours per year of consistent solar+wind production.
It is the only area in the world that has decent population density with this kind of combination. Tibet and Patagonia are empty. Figure of 8,362 TWH for Africa is mostly Somalia. Keep in mind the US uses only 4,100 TWH a year.
This makes me incredibly hopeful. It means that we will likely be able to have running water and energy for potentially everyone. We need to get urbanization right and make sure our cities have grids and don't sprawl. Service delivery in Somalia may be cheaper than we imagined. We can desalinate water, have cheap air conditioning, and shift to cheap electric vehicles. This would mean that we can reduce our fuel imports and perhaps even export green hydrogen, earning dollars.
Somalia has the highest Business Process ratings in the regions
This one is being the most important. Because AbrahamFreedom said ''about owning the business decades ago and come up with fake paperwork to prove it. Workers are many times denied pay and businesses are regularly fooled by lazy workers who promise to deliver....''
This is basically not true in general, because Somalia performs relatively well in ensuring legal agreements are honored and disputes are resolved more effectively compared to the Sub-Saharan Africa average.
Thats his daughter saying it so it must be true.
Demographic collapse in China is the reason why I am not so optimistic, you will have decline in domestic demand coupled with wide spread labor shortages which will drive up the cost, automation is still too expensive contrary to popular opinion.Why don't you think the prices of LFP batteries will drop in the future? It has already dropped 50 % in the last year. In 2015, the price was $350 per kwh, now it's $50 per kwh. That's an astronomical decrease in price.
Here is a good article on how cheap it can get, especially with the emergence of sodium-ion batteries which is poised to significantly impact the future cost of energy storage.
View attachment 352040
View attachment 352041
Batteries: how cheap can they get?
How dirt cheap batteries will completely transform our electricity grid, paving the way for solar and wind and replacing grid reinforcements with grid buffers.
$8/kwh in 2030, along with decreases in the price of solar panels, would mean building the solar GERD equivalent would cost $2 billion!
I disagree with your statement that you can't forecast and predict solar panels. Pairing solar farms with large-scale battery storage (e.g., LFP or sodium-ion batteries) can store excess energy during sunny periods and release it during nighttime or cloudy days. A solar farm with 6,928 MW capacity and 3 days of storage (124,686 MWh) can provide consistent power even during periods of low sunlight, however Somalia and Sanaag in specific would be one of the most reliable solar farms in the world due to our geography.
I strongly believe that by 2030, it will be more cost effective to build a solar farm than a hydro dam. China is going all in with solar energy for a reason, and that's because it's the future. Sure the lifespan of the GERD is longer, but we also have the benefit of scalability that they don't have. In 20-25 years, those batteries that need replacing would cost a fraction of the price it cost in the first place. Every year, solar is getting cheaper but the same can't be said for hydro. Imagine how many jobs this field would create in Somalia as well. How it would rejuvenate our economy.
| Category | Solar Farm | Wind Farm | Hydropower | Hydrocarbon | Coal |
| Capacity Needed | 250 MW | 143 MW | 100 MW | 56 MW (Cheapest) | 59 MW |
| Total Land Required | 1,250 acres | 4,290 acres | Depends on reservoir | Minimal (Cheapest) | Minimal (Cheapest) |
| Installation Cost | $250M | $214.5M | $250M | $28M (Cheapest) | $177M |
| Annual Maintenance | $2.5M | $4.29M | $5M | $1.4M (Cheapest) | $5.31M |
| Lifetime Maintenance | $62.5M | $107.25M | $125M | $35M (Cheapest) | $132.75M |
| Annual Fuel Cost | $0 | $0 | $0 | $11.2M | $5.9M (Cheapest) |
| Lifetime Fuel Cost | $0 | $0 | $0 | $280M | $147.5M (Cheapest) |
| Storage Cost | $75M (optional) | $42.9M (optional) | $0 (Cheapest) | $0 (Cheapest) | $0 (Cheapest) |
| Total Cost (w/o Storage) | $312.5M (Cheapest) | $321.75M | $375M | $343M | $457.25M |
| Total Cost (w/ Storage) | $387.5M | $364.65M (Cheapest) | $375M | $343M | $457.25M |
| Energy Reliability | Requires storage | Requires less storage | Highly reliable (Best) | Highly reliable (Best) | Highly reliable (Best) |
| Lifetime Energy Output | ~43,800 GWh | ~43,785 GWh | ~54,750 GWh | ~110,000 GWh | ~111,525 GWh (Highest) |
Nah he said that he had an insider source that told him about this. I just didn't expect to happen a day later.
How does the election look right now for the next president
