Renewable Energy
Descriptions
Renewable Energy
Derived from natural resources that can replenish themselves without depleting the resources of our planet, renewable energy (RE) is simply the energy of now and the future. Solar, wind, water, and biomass energy are not only environment friendly resources of energy but are available nearly everywhere and, at their best, in the Kingdom of Saudi Arabia.
The Kingdom has a distinct geographical and climatic location that makes of the use of and investment in renewable energy resources economically attractive potentials. Available in the vast amounts of sunlight and open land the Kingdom enjoys, those inexhaustible energy resources can be well utilized to support Saudi efforts to fulfil its Vision 2030 aiming to diversify the domestic energy mix to increase the Kingdom’s share of renewable energy production. As planned in Saudi Arabia’s Renewable Energy Strategy and Solar Energy Deployment Roadmap, the objective is to meet the on growing demand to produce electricity in the Kingdom, protect the environment for generations to come, and sustain economic growth.
Saudi Arabia is working intensively to develop a competitive local market for renewable energy by encouraging partnership between public and private sector. The ministry of energy succeeded due their practical solutions in reaching the most competitive production price of electricity from wind and solar stations.
Green Projects
Saudi Arabia’s commitment to reducing carbon emissions by more than 4%
of global contributions and reversing climate change has been translated into noticeable initiatives. Under the Saudi Green Initiative (SGI) mandate, the Kingdom has so far invested in more than 35 initiatives dedicated to improving energy efficiency across the Saudi land to reduce energy consumption, energy waste, and carbon emissions. Following a multidimensional approach, a myriad of green projects of low carbon solutions have been initiated. Those projects rely on developing carbon capture technology, implementing energy efficiency programs, increasing public transportation, and growing the renewable energy capacity of the Kingdom.
Renewable Energy Solutions
Beside its full commitment to reducing carbon emissions, the Kingdom of Saudi Arabia has expressed its dedication to satisfy the continuously accelerating domestic demand for energy due to the increase in population, improvement in the standards of living, and industrial diversification. This obligation has been reflected in Saudi Arabia’s visualization of alternative energy sources. The National Renewable Energy Program (NREP) was developed as a strategic initiative under Vision 2030 and the King Salman Renewable Energy Initiative with the aim to maximize the potential of renewable energy in Saudi Arabia.
The Saudi government has inked power purchase agreements with seven new solar projects to provide electricity to more than 600,000 households. Together with these projects, the new Sakaka solar and the Dumat al-Jandal wind projects are planned to have a more than 3,600-megawatt capacity. And in response to the program, major energy Saudi stakeholders have realized the massive potential solar and wind energy carry to generate (RE) projects.
Increased energy efficiency
Energy efficiency projects have great importance due its vital role in reducing waste in energy consumption, reducing carbon footprint, increase property sustainability and users living experience. By using systems to collect and analyse data of consumption and related behaviours to suggest corrective, practical and economical solutions to achieve the planned objectives.
Other Sectors
-
Renewable Energy SectorPopularRenewable Energy Sector
-
Energy SavingEnergy Saving
-
Innovative IndustriesInnovative Industries
-
Specialized ContractingSpecialized Contracting
-
Commercial SectorCommercial Sector
Alpha Power Energy Services
In alignment with Saudi Arabia Vision 2030, Alpha Power team of renewable energy consultants work on providing innovative consultation services for (RE) initiatives with different operational models. Our services range from expert analysis and overall structuring to independent forecasting and competitive intelligence in the fledging industry of renewable energy.
Our Approach
Resources Structuring
Alpha Power experts develop effective risk management solutions focus on human capital, financial structuring and restructuring frameworks that suit the nature of each project. This is combined with thorough assessment of liquidity requirements and of critical collateral assets. Relying on their wide knowledge in business modelling and financial reporting, our team helps in better understand the financial state of the business, capitalize on opportunities of growth, and sustain stories of success.
Building Alliances
We at Alpha Power are mindful that in the competitive business environment of today, building alliances is the new urgency for successful businesses. Depending on our wide local and international outreach, we offer broad-ranging services and solutions that assist to evaluate the need for business partnerships, develop their alliance strategies and deals, and contribute to the constant management of the resulting alliances. We capture the value potential in strategic partnerships and maintain competitive advantage of all parties.
Technology Transfer
Building alliances has a great impact on the empowerment of local businesses, through building strong partnerships with trusted parties around the globe. We support the transfer not only of acknowledged business practices and knowhow taking into account the local business culture but also of transferring top-notch technologies to the domestic market. We contribute to fostering investment domiciliation and strengthening Saudi Arabia’s foothold as an attractive destination for new and innovative business opportunities.
Sustainability Solutions
Our future-driven approach is characterized by our focus on sustainability. We develop solutions that maximize operational efficiency and help in setting clear targets and measuring their progress accurately. Beside corporate sustainability, we work in the direction of delivering sustained outcomes creating value for the entire community today and tomorrow. We deeply consider the three pillars of sustainability when customizing our services. Our solutions are developed with profit, people, and our planet in mind. For us, the economy, society, and the environment cannot and shall not be ignored.
Market Research
The continuous evolution of renewable energy markets strongly accentuated market intelligence and detailed, multi-faceted market screening and segmentation. That is why we at Alpha Power provide our clients with an insightful in-and-outlook of the markets they are to enter and operate in. We offer industry trends analysis, market data and competitor intelligence that enable our clients to identify their key success factors. We also employ our expertise to conduct economic studies on renewable energy and climate risk analysis and disclosure. Relying on clear commercial advisory and quality insights, we support our clients to build successful and sustainable renewable energy projects that serve the entire community today and tomorrow.
Defining New Investment Opportunities
We understand that capturing new potential investment opportunities in the renewable energy industry is quite challenging. We clearly define and evaluate such opportunities. This includes our team’s long expertise in the preparation of feasibility and financing studies, financial modelling, operational cost management, and profitability ratio analysis. Our (RE) consulting services also include helping clients join sustainable finance cooperation initiatives. We offer transparent renewable energy project valuation and ensure investment decisions are well calculated.
Project Structuring and Risk Analysis
We pivot on our expertise in planning projects, structuring and management to supervise the progress of renewable energy projects. Working side by side with our partners, we make sure (RE) projects are built in light of approved plans and specifications and in line with their requirements. Our renewable energy consultants are always ready to help identify options for reshaping capital structure. Beside the provision of financial advisory with respect to the planning of loans rescheduling and restructuring, our team is there to offer well-founded upside and downside risk analysis, where required.
