Good example to follow.
By Saifur Rahman, Business Editor, Published on GulfNews.com
Prabissh Thomas is an ordinary man, with extra-ordinary talent. But you wouldn’t know until you talk to him for at least an hour — that is the time it took me to realise a bit about him.
Five years ago, he started a business in Dubai under the name of Green Energy LLC with a mere Dh10,000, in a 100 square foot office. It was a one-man show, like most start-ups.
But his company was in a different kind of business — sustainable solar and renewable energy — a field that very few thought had such growth potential in the oil-rich Gulf region.
“Back then it was a totally new area, especially in the Gulf,” Thomas says of the business’ start. “That’s where the potential for growth in green energy products lies.”
Read the whole article HERE
By Kriss Bergethon
Having been in the renewable energy and solar power industries for the last 10 years, I often get asked about what the future holds. Whether you are interested for investment purposes or general curiosity, I would say in the general the future is extremely bright for clean energy. Here are some things that we see coming in the next 5 to 10 years that will shape the markets for the industry, and specifically solar power.
Feed-in-Tariffs Will Proliferate
The most widely used model for encouraging solar power installations now is giving rebates for installed watts. The problem with this model is that it doesn’t actually give incentives for producing more clean energy, which after all is the point. Installed watts don’t always translate to produced watts due to installation issues and equipment efficiencies.
This is where feed-in tariffs come in. This actually rewards the solar power producer by paying them a rate for the electricity they feed back in to the grid at 3-4x the actual retail rate. So some homes might be paying $0.11/kw-hr for power but selling power back to the grid for $0.45/kw-hr that is produced by their solar panels. This can produce a profit and much faster return on investment for the system.
Read more HERE
Kriss Bergethon is a solar expert and writer. For more of his useful articles on solar power, please visit Solar Panels.