CONCLUSION AND POLICY RECOMMENDATIONS 11 3. This could also contribute to considerable savings in oil expenditures. This study will elaborate on the prospect and the hurdles in the shift to hydraulic, wind and solar energy.In this analysis, the levelised cost of electricity (LCOE) is used as it measures break-even point (Energy Education, 2018). However, Mr. Stephan points out: “the financial viability of green energy can be further reinforced with the implementation of measures such as feed-in-tariff”.
The advantageous financing offered by the GoL supports economic viability through faster paybacks period.
As of July 2020, the average solar panel cost in Lebanon, PA is $3.11/W. The corporatization of EDL would enable the agency to independently develop a solid infrastructure and reasonable pricing policies.
Stephan, who works in green financing at Kafalat Energy, pointed out clean energy projects can qualify for loans at an interest rate of 2.5%. As of July 2020, the average solar panel cost in Lebanon, NJ is $2.97/W. The PPA in Akkar is a prime example on the feasibility of such an initiative. Allaya depicted the situation at EDL: “The institution has a deficit covered every year by the GoL with transfers of up to $2 billion”. . Mr. Stephan endorses this policy as it reverses the dynamics of the power sector. In effect, EDL is severely understaffed in functional areas which affects the running of the organization. This led to the birth of a financing platform called the “National Energy Efficiency and Renewable Energy Action” (NEEREA) (LCEC, 2018). However, Mr. Stephan and Mr. Allaya boldly underline that the effective growth of clean energy is contingent on a reliable and stable grid which provides power to its users at all times.To conclude, renewable energy is a feasible power source given Lebanon’s geographical and meteorological landscape. Yet so far this potential is so far nearly not explored while citizens even in the center of Beirut face daily power cuts of at least three hours.
The generator’s market size amounts to around $1.5 billion to $2 billion which highlights the magnitude of the business (Dziadosz, 2018). How much do solar panels cost in Lebanon, CT in 2020? It still needs to clear the political hurdle in order for more projects like Akkar’s wind farms to see the light. Thus, administrative reforms are necessary for a more efficient licensing process and dynamic power sector. While Lebanon ratified legal and policy frameworks to grow renewable energy, Mr. Allaya asserts “we need stronger implementation mechanisms to attract investors”.Dr.
However, private investors and other stakeholders still face harsh obstacles in the implementation of renewable energy projects. Dr. Harajli suggests instilling a private and accountable management to optimize productivity and improve the grid. SIG Lebanon designs, manufactures and sell Renewable Energy solutions, such as Solar Heating Systems used for domestic and commercial applications, Wind Turbines and Photovoltaic Electrical Solutions.. Our vision is focused on helping create a more sustainable future for our planet in general and to Lebanese inhabitants in specific. The regulatory body would be responsible of licensing with no interference from the MEW in order to encourage a decentralized generation of power within the boundaries of the law.Mr. In fact, the subsidized price of electricity leads to considerable annual losses.
Unfortunately, a series of political hurdles have deprived the Lebanese people from enjoying from a steady provision of power. Lebanon 17 5.2 Future Cost Reductions 18 5.3 Financing Solar PV Farms in Lebanon 19 5.4 Dealing with Intermittency 20 5.5 Political Stability and Governance 21 06 2. The LCOE of hydropower is estimated to be around $9c per KWH (El Fadel, Hammond, Harajli, Jones, Kabakian, Jones, 2009). This was followed by the adoption of net metering measures in 2011 by EDL which enables the back and forth transfer of clean energy from the national grid to participating subscribers (Berjawi, Najem, Four, Abdallah, Ahmad, 2017). Furthermore, Mr. Allaya, pointed out that the grid suffers from technical losses and non-technical losses which prevent it from “digesting the bulk of renewable energy generation”.Similarly, Dr. Harajli affirms the ambitious launch of several PPAs by the MEW do not account for crucial improvements needed in the operation of the grid.