INDUSTRY NEWS

ENI INITIATES A SOLAR POWER AND WATER SYSTEM IN KAMUPAPA, PROVINCE OF NAMIBE

Published Date | 2019 March 25

Eni’s Initiative to Install A Solar Power And Water System In Namibe Will Drive The Global Solar Energy Market Over The Coming Years
Global:  Eni Angola, Operator of Block 15/06, Sonangol, and partners Sonangol P&P and SSI, inaugurates a solar power and water system in Kamupapa, province of Namibe. The facility will allow the community to shorten the long walks in search of water, improve the medical services of the local health post, and allow the school to function also in the evening. Also, the project includes health awareness campaigns that have been carried out and the community farming activity has been promoted through agro- pastoral field schools and model fields that have been cultivated. The facility is part of an integrated social project, which is implemented by the NGO ADPP in the municipality of Bibala, province of Namibe and in the municipality of Gambos, province of Huíla, since 2017. With approximately 60,000 beneficiaries, the project is allowing remote communities to get access to water and electricity. Eni is an energy company, working to build a future where anyone can access energy resources efficiently and sustainably. It operates in 71 countries worldwide and is also engaged in oil and gas exploration, production, refining and marketing operations, power generation also from renewable sources, and petrochemicals. According to BlueWeave Consulting, The global solar energy industry is expected to grow with a promising growth rate over the coming years. The solar energy industry is rapidly growing worldwide and renewable energies are the best solution for sustainable development of the planet, especially in developing countries. The growth of the solar energy industry is driven by an increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. Moreover, the decrease in water footprint associated with solar energy systems has fueled the demand in power generation sectors. Also, the demand for solar cells has gained major traction owing to a surge in rooftop installations, followed by an increase in applications in the architectural sector. Furthermore, the demand for parabolic troughs and solar power towers in electricity generation is expected to boost the growth of the market of concentrated solar power systems. It is highly preferred due to an efficient form of unconventional energy and a convenient renewable solution toward growing greenhouse emissions and global warming. It is being increasingly used in the commercial, industrial, as well as residential sectors. In addition, the increasing investments in renewable energy owing to the rising environmental concerns regarding the greenhouse gases (GHG) emissions are driving the global solar energy market over the forecast period. According to BlueWeave consulting’s upcoming report, Titled-“ Global Solar Energy Market, by Technology (Photovoltaic Cells, Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East And Africa); Size and Forecast, 2019-2025” – For many years solar was considered as the main pillar of a future renewable energy based system. Demand for a solar panel is increasing prominently all over the world.   North America market for solar panels has been growing rapidly especially due to the growth of residential solar applications in the U.S Global solar panels market is characterized by improving conversion efficiency by key market participants. Key companies operating in this market include Suntech, Sharp Solar, First Solar, Trina Solar, Yingli, Hanwha Solarone, Canadian Solar, SunPower, SolarWorld, and Renewable Energy Corporation. According to BlueWeave Consulting’s upcoming report, Titled- “India Solar Energy Market, by Technology (Photovoltaic Cells, Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others), By Region (North, West, East & South); Size and Forecast, 2019-2025”– The India solar energy market is estimated to have high growth over a forecasted period due to rising focus of the government towards sustainable energy generation, availability of abundant sunshine throughout the year makes the country an ideal location for solar power generation. Rapid population growth and increasing urbanization and industrialization is driving demand for energy, traditionally met by coal and crude oil.