Today the MENAT region is facing energy crisis due to excess demand and low supply of energy from crude oil reserves. Hence, it is mandatory to develop renewable forms of energy to be able to sustain in the future. Abdul Latif Jameel has taken a step in that direction and has collaborated with Fotowatio Renewable Ventures to develop Photovoltaic solar power.
There is a continuous demand for energy globally and more so in the Middle Eastern region mainly due to increasing population, infrastructural development and industrialization. Also, the Middle East North Africa region is home to most of the crude oil reserves in the world. Hence, it is one of the most demanding consumers of energy as well. This trend is expected to increase till 2030. In fact the energy demand from the MENAT region is estimated to expand by 7% annually until 2020. Thus, it is imperative to explore newer sources of energy that are sustainable. Governments and private enterprises are both making efforts to promote and propagate sustainable development using solar, wind and hydro resources so that the use of fossil fuel reserves is minimized. In fact both the United Arab Emirates and Saudi Arabia have undertaken many measures to control energy consumption. Abdul Latif Jameel- A Supporter of Renewable Energy One of the main players in this field is Abdul Latif Jameel. It has started a new business sector only for developing renewable energy sources. It aims to develop power infrastructure, generate solar power and increase the energy efficiency. It has got finance from partners for the same. This will help residents of Saudi Arabia enjoy energy efficient ways of using power and remove the threat of the looming energy crisis. Abdul Latif Jameel’s main focus is on infrastructure, solar power and to increase the energy efficiency Photovoltaic solar power for which it has acquired Fotowatio Renewable Ventures, a leading international developer of solar projects. With this acquisition Abdul Latif Jameel will be able to tap into the international developer’s excellence in engineering, construction, development and installation of solar power panels. The combination of the global power and the local will pave the way for generating around 3.8W of energy, which is the primary goal. This acquisition is part of Abdul Latif Jameel Energy and Environmental Services’ effort in becoming a global independent power producer and develop Photovoltaic solar power. Both the companies had collaborated earlier on a JV to develop solar projects in the MENAT region. With the latest deal, Abdul Latif Jameel will have all of FRV’s solar project pipeline and operation assets including 94 MW of power plants in Australia, 65 MW in Uruguay, 175 MW in Brazil and 60 MW in Egypt. The remaining 3.4 GW pipeline is in the project development phase. Now other organizations are also making efforts to explore the potential of photovoltaic opportunities in the MENAT region for better utilization of the same. This is a good step towards becoming self-reliant in the field of energy.
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Presently, there has been a decrease in the energy supply of MENAT region. The crude oil reserves of the area are undergoing massive depletion and this specific aspect is playing the perfect catalyst in depleting the natural energy resources of the area. For avoiding the upshots of this predicament, the development of renewable and sustainable energy resources have become mandatory. Leading energy conservation companies are partnering with economic partners for support and creating an alternative niche for energy known as the Photovoltaic Solar Power.
With whopping demand for power and energy in the MENAT region, development of alternative energy resources has become inevitable. Apart from that, there is more to this picture. The Gulf Cooperation Council countries have set new and unique energy conservation targets for themselves and the greater part of MENAT is also included in this endeavor. Quite inevitably, important opportunities and avenues of energy conservation are opening up. Cultivating Photovoltaic Solar Power can prove to be a beneficial move, in this regard. Conversion of solar power into electricity will efficiently reduce utilization of non-renewable energy resources. Beneficial partnerships of the leading energy conservation companies’ result in greater energy save. Alongside technical support, there exists financial support too. Building strong power infrastructure Perhaps, the foremost step towards achieving sustainable energy growth and development is creating a robust power infrastructure. Also to this, the pioneering conservers of energy must strive towards ensuring proper utilization of alternative energy resources. Now, the establishment of Photovoltaic Solar Power Energy plants requires considerable effort and systematic approaches. Firstly, there is need for financial support. Other than that, diligent engineering approaches are also important. The solar panel installations require precision, experience and perfect knowledge. And it is not only the installations; solar panel construction also happens to be an important aspect. Finally, the amalgamated upshots of all these approaches will result in the power generation of almost 3.8GW. According to the reports of the World Energy Council, renewable energy resources will account for the largest global growth. The next 40 years will experience a massive upsurge in the demand for these energy resources. Therefore, Photovoltaic Solar Power Energy cells will account for almost 30% to 40% of the cumulative energy mix. Therefore, you can easily gauge the significance of developing solar power as an alternative energy resource. It will also hasten the reduced utilization of finite energy reserves. Sustaining the future Controlled energy consumption not just secures your present but also the future. Minimal energy consumption will result in more energy reserves for the future generations. Additionally, there will be abounding economic sustainability in the regions. While discussing the significance of energy conservation in MENAT, there is no denying the potential of these countries as the largest energy pools of the world. Moreover, the best energy conservation companies work both regionally and locally. So, each and every sector is targeted for energy conservation. Installations of solar power cells involve a major portion of the local workforce and generate considerable employment opportunities in the area. Today, the world is facing a global energy crisis due to a rise in population, industrialization and investment in infrastructure. It is imperative to find alternative and sustainable sources of energy such as solar energy, before the situation get worse. The government in the MENAT region is taking special initiatives to develop renewable energy and so are various private entities such as Abdul Latif Jameel.
Today, the world is facing energy crisis with the ever increasing demand but the supply is not matching up to it. This phenomenon is especially noticed in the MENAT region where the energy demand is set to grow by 7% annually till 2020. A boom in population, rapid industrialization and heavy investment on infrastructure are the main reasons for this hike in consumption. Hence, it is imperative to tap into alternative and renewable energy sources such as solar energy to maintain equilibrium between supply and demand as well as to conserve the non renewable sources of energy. The government is also taking initiatives to help this situation and has started many key projects to conserve energy and also to tap into different sources of energy so that the consumption of fossil fuel reserves can be minimized. Many private organizations have also included energy conservation and development of sustainable in their corporate social responsibility. Abdul Latif Jameel- A Visionary in Renewable Energy Abdul Latif Jameel is one such conglomerate that plays a significant role in this endeavour of saving energy and developing alternate sources of energy. It has always laid great emphasis on environmental and social responsibility and prioritized energy efficiency and reduction in consumption of finite resources. With this aim in mind it has partnered with energy experts and used its own financial acumen and operational strength to develop sustainable energy. It plans to indulge in energy audits, retrofitting, and remote monitoring to cut down on energy and water consumption of both public and private buildings. Photovoltaic solar energy- A Good Start! Abdul Latif Jameel has initiated its efforts in this direction with photovoltaic solar energy and has acquired Fotowatio Renewable Ventures (FRV), a leading international developer of large-scale solar projects for the same. They will use their local knowledge and financial capability and blend it with FRV’s extensive knowledge and experience in engineering, development and construction of solar installations to explore photovoltaic solar opportunities within the MENAT region. Abdul Latif Jameel aims to create job opportunities also via this project that will include training localities to create renewable energy expertise in Saudi Arabia. Alternate Resources Abdul Latif Jameel is also looking at more partnerships and investments to tap into more renewable energy sources like wind, waste-to-energy, concentrated solar power (CSP), combined cycle and hydropower generation. They also plan to evaluate and invest in other resource needs such as water and would later include desalination and waste management in their business sectors. Automobile industry is one of the biggest sectors in the market. This industry being related to engineering, design, distribution and marketing processes provides employment in this sector as well. This industry has grown incredibly in last few years. There is a very diverse demand for automobiles in areas with less population or remote areas of the country, whereas the demand is growing day by day in the developing countries and highly populated regions. Due to an extreme rise in the industry India has also grown substantially in this sector in past few years.
Few of the recent surveys have stated that automobile industry has fetched USD 12232.06 million in last few years. There is a quite increase in the automobile dealers and distributors over the period of time. The changes in the worldwide inflation, interest rates and fuel prices are the result of increased rates of automobile ownership. Car dealers have to make sure that there is a proper demand supply management so as to avoid the discrepancies in the market. Automobiles are categorized according to the types of fuel they consume for their operation. Diesel, Petrol, Gasoline, Hybrid Fuels and electric are the most basic type of fuels used. Nowadays, Electric cars are also introduced which are also known as EV’s and are in demand and used on a large scale as they are eco-friendly. Latest trends those are emerging in automobile industries are mentioned as below: Cloud and big data: Standardized processes and computerized data transactions are the most preferable things for the manufacturers, automobile dealers and automobile distributors. The cloud-based technologies help them achieve standardised operations and procedures. This helps in reducing infrastructure costs and increase operational efficiency. With the help of cloud the manufacturers now share data more accurately, quickly and securely with the distributors and dealers to avoid any ambiguous situations. Go green: Automobile industry has started using different energies for the operation of the vehicle to reduce the pollution level caused by this industry. India has a big issue with the old vehicles on road which still contributes to the 90% of the automobile pollution. By 2020 Indian government plans to be one the most safe and secure countries in terms of pollution. Intelligent public transportation: It assures the safety of the passengers as well the drivers of these buses. And thus reduces ample of risks involved with this. Buses will be installed with on-bus intelligent transport system which will display information about vehicle health, passengers, and routes. Connected Cars: These will help drivers in understanding the breakdowns in the vehicles and thus warn the driver about such issues and help him eliminate this. Connected cars are the future of the automobile industry. For all this purpose the tool that will be installed is called as Predictive Diagnostic Tool. It will also help to understand about the traffic reports on the roads, parking assistance in particular areas. This adds value to the convenience and safety to the travel making it enjoyable for drivers as well as passengers. |
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September 2016
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