Solar Energy Prospects in Oman

Even the fleetest of glances at a map of worldwide solar energy levels shows Oman to be well placed to exploit the energy-giving rays of the sun. In fact, over the last few years, a gaggle of reports have been published extolling the virtues of exploiting this renewable energy source. However, with increasing and more urbanised populations consuming greater and greater amounts of energy, only now are governments across the Gulf and wider MENA regions seriously looking at harnessing solar power to help fill potential energy deficits.

Mr Jigar Shah, quoted in a recent article, said investors were “desperate to invest in the Middle East solar industry” and were waiting for clear instructions from the governments in the region. He said, “The economics of switching to solar energy are far better here than in South Africa, India, Brazil, China and the US. Now that the costs of developing solar technologies have significantly declined, it is time for the Middle East to turn talk into action.”

That there is huge potential in the solar industry was underlined in no uncertain terms by the announcement last year of a $2 billion project to develop solar energy power resources in Oman. The plans also envisage creating industrial plants for the manufacture of solar panels and aluminium frames, to be used by the power station and also for local consumption and export.

Knowledge and technology transfer were also critical contributors to the success of the project which also aimed to tie-up with major international technology companies and international universities with expertise in renewable energy education, to help train the local population in servicing this burgeoning industry.

David Heimhofer, Chairman of Terra Nex Group and Managing Director of Middle East Best Select Fund, said, “By attracting foreign direct investment in the growing renewable energy sector and using German expertise, Oman will become not just a regional leader in the field, but also benefit from the great intrinsic value within the complete value chain associated with this economic sector. He says“In addition to generating new jobs for the Omani people and boosting exports, this project creates an entire industry that Oman can be proud of.”

The project is expected to deliver more than 2000 jobs for Omanis across a diverse range of industrial sectors and services. In order to increase the skill set of the local population to help service these new jobs, the University of Zurich proposed the setting up of an educational institution in the Sultanate specialising in the field of renewable energy engineering.

ROI of Commercial Solar Panels for Business Owners

The way business owners think about solar panels has changed. Less than ten years ago, businesses were concerned about whether solar power would provide them with the energy they need. Now, that question is almost never asked, because it’s been answered. Two of the biggest companies in the world, Google and Walmart, have installed dozens of solar plants at their headquarters. Solar energy has been shown to work well for big business.

Now small businesses want to know how solar panels can provide them with a strong ROI.

It’s said money doesn’t grow on trees, but in the case of solar panels, it does fall from the sky.

Commercial Solar Panels Decrease Energy Costs

Solar panels cut down on the amount of energy you pay for, because all day every day, you’re producing your own.

There is a common misconception that solar panels only work when the sun is blaring but this isn’t the case. Even on an average day in the depths of a British Winter, solar panels produce enough energy.

When you generate your own solar power, you only have to switch to the National Grid at night. With most small businesses using less power at night, this can offer huge savings.

More than that, small business owners protect themselves from losses due to energy price increases. As the cost of using the National Grid rises, solar panels save a small business owner more and more money.

Generate a Passive Income

Feed-in-tariffs (FIT) offer a big ROI for business owners who want to install solar panels. FIT is a government scheme which intends to encourage people to adopt low-carbon and renewable energy technologies, by paying them to do so.

Under FIT, every unit of energy your solar PV system generates is paid for whether you use that energy or not, and you’re paid for any energy your system produces that goes back into the national grid.

This allows small business owners to generate a passive income for twenty years, guaranteed by the UK government. As if it couldn’t get any better, all the money earned under FIT is completely tax free.

The Cost of Installation Has Decreased

Many small business owners were reluctant to switch to solar panels because of the high initial outlay. Since the launch of the FIT scheme, the cost of installation has decreased dramatically, which means business owners will see their solar panels generate returns faster now than at any other point.

There are plenty of subsidies available to those who are looking to install commercial solar panels, because the government wants renewable energy to work for individuals and businesses. This also means the return on investment for solar panel technologies is at a high.

Helping the Environment Helps Your Business

If businesses are looking for sustainable and long-term growth, thinking conscientiously about the environment is crucial. With global temperatures rising, the rising costs of food and energy are going to have a massive impact on how consumers spend their money.

Solar panels have low maintenance cost

Switching to sustainable energy now has a positive impact on the ecosystem, which protects the pockets of consumers of your products for years to come. Decreased outgoings for energy means greater savings, and a show of environmental care can increase your prestige in a crowded market.

The Return on Investment

Solar panels cost very little to maintain once they’re installed, and can last up to thirty years. The estimated savings for residential properties over a twenty-year period is around £9,000, and for commercial properties that figure extends even higher; a small business can look to save £16,000.

No planning permission is required for businesses to install solar panels, saving you time which can save you money. Low installation costs, a decrease in energy outgoings and the generation of a passive income means the ROI of solar panels is higher now than at any other point. Solar energy works wonders for your business and the planet.

Clean Energy Investment Forecast for 2016

renewables-investment-trendsGlobal interest in clean energy technologies reached new heights last year and 2016 promises to be another record-breaker. The year 2015 witnessed installation of more than 121 GW of renewable power plants, a remarkable increase of 30% when compared to 2014. With oil and gas prices tumbling out to unprecedented levels, 2016 should be a landmark year for all clean energy technologies. As per industry trends, solar power is expected to be the fastest-growing renewable power generation technology in 2016, closely followed by wind energy. Among investment hotspots, Asia, Africa and the Middle East will be closely watched this year.

Investment Forecast for 2016

Clean energy is rapidly becoming a part of mainstream investment portfolios all over the world. In 2016, a greater attention will be focused on renewable energy, mainly on account of the Paris Framework and attractive tax credits for clean energy investments in several countries, especially USA.

Infact, the increasing viability of clean energy is emerging as a game-changer for large-scale investors. The falling prices of renewable power (almost 10% per year for solar), coupled with slump in crude oil prices, is pulling global investors away from fossil fuel industry. At the 2016 UN Investor Summit on Climate Risk, former US vice president Al Gore said, “If this curve continues, then its price is going to fall “significantly below the price of electricity from burning any kind of fossil fuel in a few short years”.

There has been an astonishing growth in renewable generation in recent years. “A dozen years ago, the best predictors in the world told us that the solar energy market would grow by 2010 at the incredible rate of 1 GW per year,” said Gore. “By the time 2010 came around, they exceeded that by 17 times over. Last year, it was exceeded by 58 times over. This year, it’s on track to be exceeded by 68 times over. That’s an exponential curve.”

China will continue to dominate solar as well as wind energy sectors

China will continue to dominate solar as well as wind energy sectors

As per industry forecasts, China will continue its dominance of world PV market, followed closely by the US and Japan. Infact, USA is anticipated to overtake Japan as the second largest solar market this year. India, which is developing a highly ambitious solar program, will be a dark horse for cleantech investors. The top solar companies to watch include First Solar, Suntech, Canadian Solar, Trina Solar, Yingli Solar, Sharp Solar and Jinko Solar.

Morocco has swiftly become a role model for the entire MENA. The government’s target of 2GW of solar and 2GW of wind power by 2020 is progressing smoothly. As for solar, the 160MW Noor-1 CSP is already commissioned while Noor-2 and Noor-3 are expected to add a combined 350MW in 2017.

China will continue to lead the global wind energy market in 2016, and is on course to achieve its target of 200 GW of installed wind capacity by 2020. Other countries of interest in the wind sector will be Canada, Mexico, Brazil and South Africa. The major wind turbine manufacturers to watch are Siemens, Vestas, Goldwind, Gamesa and GE.

Conclusion

To sum up, the rapid growth of global renewable energy sector in the past few years is the strongest signal yet for investors and corporations to take the plunge towards green energy and low-carbon growth. As the UN chief Ban Ki-moon famously said, “It marks the beginning of the end of growth built solely on fossil fuel consumption. The once unthinkable has now become unstoppable.”

Global Waste to Energy Market

Waste-to-Energy is the use of modern combustion and biochemical technologies to recover energy, usually in the form of electricity and steam, from urban wastes. These new technologies can reduce the volume of the original waste by 90%, depending upon composition and use of outputs. The main categories of waste-to-energy technologies are physical technologies, which process waste to make it more useful as fuel; thermal technologies, which can yield heat, fuel oil, or syngas from both organic and inorganic wastes; and biological technologies, in which bacterial fermentation is used to digest organic wastes to yield fuel.

The global market for waste-to-energy technologies was valued at US$6.2bn in 2012 which is  forecasted to increase to US$29.2bn by 2022. While the biological WTE segment is expected to grow more rapidly from US$1.4bn in 2008 to approximately US$2.5bn in 2014, the thermal WTE segment is estimated to constitute the vast bulk of the entire industry’s worth. This segment was valued at US$18.5bn in 2008 and is forecasted to expand to US$23.7bn in 2014.

The global market for waste to energy technologies has shown substantial growth over the last five years, increasing from $4.83 billion in 2006, to $7.08 billion in 2010 with continued market growth through the global economic downturn. Over the coming decade, growth trends are expected to continue, led by expansion in the US, European, Chinese, and Indian markets. By 2021, based on continued growth in Asian markets combined with the maturation of European waste management regulations and European and US climate mitigation strategies, the annual global market for waste to energy technologies will exceed $27 billion, for all technologies combined.

Asia-Pacific’s waste-to-energy market will post substantial growth by 2015, as more countries view the technology as a sustainable alternative to landfills for disposing waste while generating clean energy. In its new report, Frost & Sullivan said the industry could grow at a compound annual rate of 6.7 percent for thermal waste-to-energy and 9.7 percent for biological waste-to-energy from 2008 to 2015.

The WTE market in Europe is forecasted to expand at an exponential rate and will continue to do so for at least the next 10 years. The continent’s WTE capacity is projected to increase by around 13 million tonnes, with almost 100 new WTE facilities to come online by 2012. In 2008, the WTE market in Europe consisted of approximately 250 players due in large to the use of bulky and expensive centralized WTE facilities, scattered throughout Western Europe.

Renewable Energy Trends in Germany

Germany has been called “the world’s first major renewable energy economy” as the country is one of the world’s most prolific users of renewable energy for power, heating, and transport. Germany has rapidly expanded the use of clean energy which now contributes almost one-fourth to the national energy mix. Renewable energy contribute as much as one-fourth of the primary energy mix and the country has set a goal to producing 35 percent of electricity from renewable sources by 2020 and 100 percent by 2050.

Solar Energy

Germany is the world’s biggest solar market and largest PV installer with a solar PV capacity of more than 32.3 GW in December 2012. The German new solar PV installations increased by about 7.6 GW in 2012, with a record 1.3 million PV systems installed across the country. Germany has nearly as much installed solar power generation capacity as the rest of the world combined and gets about 5 percent of its overall annual electricity needs from solar power alone.

Wind Energy

Germany’s wind energy industry is one of the world’s largest, and it is at the forefront of technological development.  Over half of all wind turbines in Germany are owned by local residents, farmers and local authorities which have tremendously improved the acceptance of wind turbines among local communities as they directly profit.

Being Europe’s primary wind energy market, Germany represents around 30 percent of total installed capacity in Europe and 12 percent of global installed capacity. Total wind energy capacity in Germany was 31.32 GW at the end of year 2012. Currently Germany is ranked third worldwide in installed total wind capacity with its share of total domestic electricity production forecasted to reach 25 percent by 2025.

Biomass Energy

Biomass energy is making a significant contribution to renewable energy supply in Germany and accounts for about 5.5 percent of the total electricity production in the country. Germany is the market leader in biogas technology and is also Europe’s biggest biogas producer. Last year around 7,600 systems with a cumulative capacity of 3,200 MW generated 21.9 billion kWh in the country, thus consolidating Germany’s status as a pioneer in clean energy technologies.

Renewable Energy Investment

Germany’s plan to phase out all 17 of its nuclear power plants and shift to renewable energy by 2022 is the largest infrastructure investment program in Europe since World War II. The country’s transition from nuclear energy-based power network to renewable energy systems will require investments of much as $55 billion by 2030.

Germany is the world’s third largest market for renewable energy investment which totalled $31billion in 2011. Sixty-five percent of investment in Germany was directed toward solar, with 29 percent ($8.5 billion) directed to wind. In addition, 700 MW of biomass capacity was added in 2011

The country offers generous feed-in-tariffs for investors across all renewable energy segments which is attracting huge private capital in cleantech investments. In 2010, the majority ($29 billion) of cleantech investment came from corporate investors across all sectors of the economy, including farmers, energy utilities, and industrial and commercial enterprises.

In the first six months of 2012, the amount of electricity produced from renewable resource rose from 20% to 25%, bringing Germany closer to its targets of 35% by 2020 and 80% by 2050. According to figures released by the government agency Germany Trade and Invest, 38% of the electricity produced by renewable energy during that period was through wind power, and almost 16% from solar.