Go Greener Tips

Two current announcements emphasise the positive future prospects for the renewable energy sector, whereas mixed information from the US exhibits that the current recession is having a significant effect on their renewable marketplace.

Last week the Australian authorities announced their dedication to supporting renewable energy by allocating funds of $AUS245 million to the Renewable Energy Demonstration Program. The aim of the Program is to progress the commercialisation of latest renewable power technologies in Australia, together with geothermal sources and wave technology, along with a new mini-grid project using wind, solar, bio-diesel and power storage technologies.

Meanwhile in Europe, The European Investment Bank (EIB) partnered by three industrial bank announced they will be offering loans to eligible onshore wind power farms in the United Kingdom. This initiative has received support from both the UK Treasury and the Department of Energy and Climate Change, and will result within the construction of latest onshore wind vitality projects worth at the least $2.33 billion (£1.4 billion) over the following three years.

The Greater Gabbard Wind challenge is continuing forward at full steam (or beneath full sail). This mission was developed by Greater Gabbard Offshore Winds Limited (GGOWL), initially a three way partnership between Airtricity and Fluor. Scottish and Southern Energy subsequently acquired Airtricity and then bought out Fluor’s stake, and Fluor at the moment are contracted to design, supply, set up and commission the balance of the plant. (In November 2008 Scottish and Southern sold a 50% stake to RWE, owners of Npower (UK) for £308m.) In October 2009 Seajacks Ltd delivered its 7,000 tonne Leviathan vessel to Fluor Ltd, and it will sail to Harwich to prepare the hook-up and commissioning of an in-field substation and then the precise installation of the turbines. TRS Staffing, as the recruitment subsidiary of Fluor, are liable for all the resourcing of the Greater Gabbard challenge , figuring out of our UK and Dutch offices. TRS are also actively working with Abengoa Group Spain, Mexico, Angola and the Middle East.

In contrast to those projects, the US has apparently been feeling some direct penalties of the financial slowdown, with a drop in demand for photo voltaic panels, resulting in stockpiling and a value drop of about 30%. With panel manufactures unable to match this revenue slump with any significant cost-savings, the sector is undoubtedly enduring some hardship.

So what does the long run really hold for recruitment in renewable energy? In my view Europe and the Middle East will pave the way. Projects reminiscent of Nasdar within the UAE, combined with the availability of European grants, will result in greater economies of scale, and a basic rationalisation throughout the industry. Companies will need to increase their commitment and investment, and essentially remodel themselves into major renewable power businesses. This is illustrated by the success of corporations such as Abengoa, and naturally the demise of BP Solar and GE (Solar Manufacturing).
I do wish to avoid oversimplifying the market, however, and am keen to listen to your views on how the renewable energy market will evolve in the near future.

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