Tag Archive | "investment"

Dubai carbon reduction – a $10bn opportunity

Dubai carbon reduction initiatives across renewable energy generation, smart grid and buildings’ energy efficiency, will spur government spending and private investment of over $10 billion in the coming years, according to Waleed Salman, Chairman of Dubai Green Economy Partnership.

Salman made his comments at the inaugural Green Leadership and Stakeholders’ Dialogue series, an initiative of the Dubai Green Economy Partnership.

Salman said: “Dubai sets a regional and global example for sustainable economic growth and tangible reductions in carbon emissions thanks to the Dubai Integrated Energy Strategy 2030, which aims to reduce energy consumption by 30% and reducing carbon emissions by over 5 million tonnes.”

Fahad Al Gergawi, Secretary General of Dubai Green Economy Partnership, and CEO of Dubai FDI in the Department of Economic Development in Dubai, presented Dubai Green Economy Partnership 2015 global agenda. He provided insight into how Dubai is forging global partnerships to establish its position as a gateway for regional and global green trade and investments.

The session was moderated by Ivano Iannelli, CEO of Dubai Carbon, and included an overview of Dubai’s enabling ecosystem which helps to accelerate the adoption of green technologies, products and services across the region by Marwan Abdulaziz, Executive Director of TECOM Sciences Cluster.

Stephane Le Gentil, CEO of Etihad Energy Services, a Dubai Electricity and Water Authority (DEWA) venture established this year to support the creation of a viable building energy efficiency services market, shared some eye opening remarks about the business prospects for energy services companies (ESCOs).
She said: “The Dubai ESCOs market will provide new business opportunities for joint ventures, international partnerships as well as engage UAE national entrepreneurs. This will be possible through a diversified supply chain from financial institutions, technology providers and equipment manufacturers to service providers across the project development, management and reporting stages.”



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DEWA commences Smart Networks and Meters project

As part of the implementation of the Smart City initiative, Dubai Electricity and Water Authority (DEWA) has commenced implementation of the Smart Networks and Meters project aiming to replace all mechanical and electromechanical water and electricity meters in Dubai with state-of-the-art smart meters based on the latest global technological specifications.

DEWA has developed a five-year plan to complete the project, estimated to cost AED7 billion, with the DEWA team replacing 250,000 meters in the residential, industrial, and commercial sectors.

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, said: “The first step in building a Smart City begins with smart networks for water, energy, and telecommunications, which form the backbone of future cities. The combination of smart infrastructure, renewable energy solutions, environmental initiatives and qualified staff will contribute to building a smart future for our city.

“The new smart meters will automatically send usage readings over the latest communications systems, such as fibre optic networks, which will maintain all consumption records and consumer operations. This will make us the first service provider in the region to launch such a platform.”

The smart meters are part of a bi-directional digital communications system. It can update consumption records and send the data automatically to DEWA. Furthermore, the meters will provide DEWA’s customers with detailed information on their monthly consumption, and thus help identify best ways to rationalise consumption to reduce their monthly bills.


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Passavant undertakes two water treatment plant projects in Romania and Turkey

Passavant-Roediger GmbH, a wholly owned German subsidiary of Drake & Scull International (DSI) PJSC, has won two more major water treatment plant projects in Romania and Turkey worth a total of AED 152 Million. The new contracts affirm Passavant’s growing presence in the European market.

Under the terms of the Romanian agreement, Passavant-Roediger will undertake the engineering, procurement, construction and commissioning works for the extension and modernisation of the waste water treatment plant in the cities of Campina and Plopeni in Romania.

The contract in Turkey, involves the development of an activated sludge plant with primary clarifiers, biological nitrification/de-nitrification and biological/chemical phosphorous removal and anaerobic stabilisation capabilities. The project is located in the city of Adiyaman and is expected to serve to 185,119 population equivalent.

Dr Mazen Bachir, managing director at Passavant-Roediger said: “The GCC remains a key growth Market for Passavant and we continue to deliver on our on-going projects in UAE, Saudi Arabia, Iraq and Lebanon. In recent years, Passavant- Roediger has steadily grown its footprint in the GCC with successful implementation in Qatar, UAE, and Saudi Arabia. Backed by DSI’s solid reach and reputation in the GCC and our own experience in European as well as global markets, we have been able to establish ourselves well here. In the coming years, we hope to further reinforce our position and emerge as the choice ‘go-to-specialist’ in the region. We are after all, the first company to bring a waste-to-energy plant to the region, with the Saida Municipal Domestic Waste Treatment plant in Lebanon, treating 300 tonnes per day of domestic waste.”

DSI acquired Passavant-Roediger in 2009 to enhance its capabilities in the region’s water and wastewater sector.




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Samsung introduces green memory solutions

Samsung Electronics, announced its fifth generation of green memory at the Memory Solutions Forum 2013 in Seoul last week. The newly presented fifth generation green memory solutions will help to resolve key data centre issues by achieving dramatic performance improvements, securing additional physical space for systems, and saving large amounts of power.

The Green DDR4 solution achieves a server data transfer speed of 2,133 megabits per second (Mb/s), a leap over DDR3′s performance limit of 1,866 Mb/s. This enables a 15 percent performance boost and consumes 24 percent less energy.

Samsung’s green PCIe SSD solution offers a data transfer speed of four gigabytes per second (GB/s), which is six times faster than 600MB/s SATA SSD’s, while reducing the delay in data transfer by 67 percent. These performance upgrades further maximize IT return on investment by increasing the level of energy efficiency approximately 2.6 times.

A combination of Samsung’s DDR4 and PCIe SSD green memory solutions can achieve the highest level of efficiency among widely used green IT solutions and overcome difficult prerequisites for new server systems involving budget, power consumption and space optimisation.

If all server systems adopted Samsung’s fifth generation green memory solutions, an anticipated power savings of 45 terawatts per hour could be achieved. This translates into six billion people saving the power needed for everyday smartphone use for two years, which is equivalent to planting 800 million 10-year-old trees.

Samsung will continue its “3S” innovation strategy – involving systems, solutions and software, along with creating shared value (CSV) for itself and its customers, while developing more highly efficient green memory solutions that improve IT investments.

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Creating a viable solar market

Dr. Michael Krämer, senior associate at international law firm Taylor Wessing discusses ways to develop a solar investment scheme that suits the needs of the Gulf region.
The Gulf region is blessed with infinite amounts of solar energy. In theory, there is hardly any need to generate energy from other sources. There are, of course, a number of stumbling blocks that will need to be overcome, but tapping into the vast supply of solar energy that is freely available to us here in the Gulf does not have to remain a romantic vision.
Dubai has just announced its plans for the Mohamed Bin Rashid Al Maktoum Solar Park, which is supposed to have a total capacity of 1 giga watt (GW) once completed in 2030. While this is a great start to a better and cleaner future, it should be considered a starting point and not the final solution. Putting things into perspective, 1GW of solar capacity is an amount that more densely populated countries with incentive schemes for solar energy generation install on average in just one month!
Governmental investments into renewable energy are a great start and can pave the way for a viable solar market coming into existence. Such investments cannot, however, actually create such a market. The actual breakthrough will only happen if private investors start investing into the generation of solar energy. It is only then that substantial financial resources are being mobilized, which are capable of changing the energy generation landscape of a country.
Private investments into solar require a solid legal framework which provides the basis for the investment to be viable. No investor, whether private or public, will invest if the prospects of making a profit or even recouping the investment are bleak.
Taylor Wessing advises clients who are active in the Renewables industries in various jurisdictions through its offices in Europe, the Middle East and Asia. There are, of course, lessons to be learned from all the different approaches the governments in various countries take in encouraging private investment into the generation of renewable energy.
Schemes that work in one country do not necessarily have to work equally well in another jurisdiction. Although best practices exist, some modifications may have to be made in order to create a solution that works best for the country in which such a scheme is supposed to be applied.
Our firm has just recently joined forces with the Emirates Solar Industry Association (ESIA), many members of which are active in the solar industry around the globe. In addition, given that our firm has been operating in Dubai since 1996 (previously under the name of Key and Dixon), we are representing many local trading families, some of which are very keen on exploring the opportunities that come with the creation of a solar market in a region such as the Gulf with its ideal environment for the use and application of solar technologies.
We are in the process of bringing together global players from the renewables industries with local parties including local utilities in order to jointly develop strategies and ultimately a framework that will be the basis of a viable solar market here in the Gulf region. As a first step, we are preparing a questionnaire that we will be sending out to representatives of all relevant areas, such as utilities, solar (PV, CPV, CSP) solution providers and also providers of ancillary solar solutions, such as solar cooling and solar desalination. The aim of this exercise will be to compile assessments of all involved parties of the current situation and views on how matters could be improved in order to create a viable solar market.
The next step will then be to define basic requirements, with which a future incentive scheme will have to comply in order to benefit all parties involved. Solar solution providers, for example, will be interested in high incentives, which make investments into their technologies more appealing to private investors. Utility companies here in the region that due to high subsidies on energy consumption will arguably operate at a loss, are likely to be interested in generating energy more cost efficiently as they are currently able to.
Last, but not least, policy makers will have a vital interest in the cost involved. Government backed incentive schemes will have to be financed, which can be difficult, while incentive schemes that operate by putting the financial burden on the general public (such as most feed-in tariff schemes) will inevitably result in (slightly) higher electricity bills. Further factors, such as mandatory participation of the local industries may play a role as well.
Despite these partially contradicting interests there will be a common denominator, around which an incentive scheme can be built.
Possible scenarios for a beneficial incentive scheme are as follows:
A model that has worked rather well in some countries is the introduction of feed-in tariffs (tariffs that are being paid to homeowners who feed self generated solar energy back into the public grid). Homeowners are being encouraged to invest in solar energy generation by paying them a guaranteed price per KWh for a set period of time. Such a tariff is usually set at a level, which allows the homeowner to recoup his investment during a timeframe that is shorter than the time for which the payment is guaranteed, thus leaving the homeowner a profit once the installation is fully paid off.
Although a great tool in principle, the introduction of feed-in tariffs will inevitably lead to higher electricity costs for end consumers, at least until such time when solar electricity generation has reached “grid parity” (which means that the cost of generation of solar energy is equal to that of conventional energy generation). The tariff that utilities are legally obliged to pay to investors is usually higher than the amount utility providers charge their customers. This leaves the utility companies with reduced profits, which the utilities will aim to recoup from their customers, thus resulting in higher electricity costs.
Higher electricity bills can be avoided if self-use of all generated solar energy is encouraged. Under such a scheme homeowners are obliged to use all the energy they produce themselves without feeding it back into the grid. This results in the relevant utility company having to supply only a smaller amount of electricity, which constitutes a saving for all utilities that are forced to sell electricity at a loss, such as those in this region. Some part of these savings could be diverted to the homeowner, thus providing further incentive to invest into the generation of renewable energy without any party losing out. A typical win-win situation.
The possibilities are endless and there will be a scheme that suits the needs of the Gulf countries as well. Taylor Wessing is determined to assist in finding the right solution and preparing the legal basis for a solar market that benefits all parties involved. We cannot do it alone, however, and therefore invite all interested parties to assist us in our quest.
To contact Dr. Krämer, email: m.kraemer@taylorwessing.com

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Current Issue October 2013