| by QBI Solutions

Renewable Energy Market's Trends for 2023

In the Renewables 2019 report, the International Energy Agency predicts that renewables will account for a third of the world’s electricity by 2024. Leading in the list are onshore wind, hydropower, and offshore wind in that order. 

As evident this year, renewables are still on track to become mainstream. Key to this growth has been particular technologies and interventions that are set to continue next year. From the increasingly strong contribution of artificial intelligence to investments by prominent organizations, the RE sector will have a profound 12 months. 

QBI Solutions is looking at the following trends for 2023. 

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| by QBI Solutions

What is the difference between a Physical and Virtual Data Room?

The virtual data room market is growing at a fast pace, a trend that has been evident for one and a half decades. From a 2020 market value of USD 690.59 million, this market is expected to be worth USD 1607.41 million in 2026.

Virtual data rooms are now replacing physical data rooms due to their unique characteristics that fit the modern business environment. If you are wondering how exactly the two technologies compare and which option is preferable, we are about to get into the details.

But first, what is a data room?

A data room is secure storage of privileged data. Privileged data could be employee information, intellectual property, financial information, or strategic information amongst others. Apart from storage, a data room also supports file sharing and transactions.

In a company setup, a data room may also support the storage of important data on mergers & acquisitions and legal proceedings.

Conventionally, physical data rooms were very popular. They were subject to tight surveillance, with only authorized persons allowed access to the place.

Today’s businesses have shifted to online-based data rooms such as the QBI virtual data room – there are many reasons for that change.

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| by QBI Solutions

Script to Follow To Carry Out a Renewable Energy Project and Its Management

Estimates from the International Energy Agency (IEA) indicate that the global renewable electricity capacity will reach 4,800 GW in 2026 and surpass the 2020 capacity by a whopping 60%. Leading in this impressive growth are solar and wind energy technologies.

Renewable energy projects will predictably be a common sight across the globe for some time as the sector seeks to enhance its reliability. Notably and like in any other undertaking, some renewable energy projects run smoothly, while others seem to struggle.

What is the common script that successful project managers follow?

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| by QBI Solutions

Requirements of an Energy Plant

Building and running an energy plant incorrectly can be treacherous and expensive. A poor design, incompetent team members, and generally a poorly established renewable energy plant can be a recipe for the loss of resources. Every time you identify a problem and try to rework it, there are costs attached to it. Lack of compliance can translate to penalties that only affect the bottom line negatively. A lot can happen to an energy plant when requirements are not met.

So, what are the requirements for an energy plant?

Well, an energy plant that has met requirements doesn’t keep the operators on their toes all the time regardless of the asset lifecycle stage. With some effort by the project owner, project manager, and every other stakeholder, that is achievable.
Here are five important requirements to start with.

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