MWeConsult is an independent energy and management consultancy, focusing primarily on power project development in the renewable energy and industrial CHP sectors. The company is wholly independent of utilities and equipment manufacturers, and can therefore provide unbiased advice to its clients.
MWeConsult is able to provide complete solutions to meet the particular requirements of its clients. It provides multi-disciplinary consultancy services across a broad range of industrial and commercial sectors, including power generation, oil and gas (both upstream and downstream), petrochemical and other infrastructure projects, where necessary supplementing its internal resources through an extensive network of international associates.
MWeConsult was formally incorporated in England in 2002 to serve power sector clients in the Mediterranean, Central and Eastern European and emerging markets. The Company’s main focus is on the provision of support for power project investment opportunities in these markets, with a strong emphasis on the renewable energy sector.
MWeConsult works in association with a number of other experienced consultants when appropriate. It is able to draw on additional resources when required to carry out large multi-disciplinary assignments.
Your partner in power project management
Today the renewable energy industry is one of the fastest growing industries and while its short-term growth may be slowed by the current recession, bringing with it altered government priorities and reduced availability of project finance, its growth is likely to be maintained over the longer term. It is worth mentioning at this point that the Company’s projects are generally not likely to be in need of large-scale construction finance in less than 18-24 months from now.
All types of renewable energy are growing rapidly, and many achieve double digit growth year on year. It is estimated that in 2006 the year on year increases in the global figure for installation of new renewables plants by category were as follows:Wind 25-30%
Solar power’s rapid growth is partly explicable by the fact it is expanding from a lower base.
Renewable energy remains dependent on government price supports in most cases. However, governments are increasingly willing to provide such support and, for the reasons outlined below, this is likely to be maintained or increased.
In addition, long-term rises in the price of conventional energy sources, such as oil, natural gas and coal, are likely to render wind projects viable in their own right even without official price support measures. Economies of scale in the wind energy industry will have a similar effect, as they are already beginning to do.
The key drivers to the development of renewable energy and government support for it are:
· long term rise in fossil fuel prices;
· finite nature of non-renewable fuel sources;
· the need to mitigate global climate change;
· the potential insecurity of supply of oil and gas to the West;
· rising awareness of the threat of water shortage; and
· opposition to a growing dependence on nuclear energy.
While there are a number of sources of renewable energy, wind technology is at an advanced stage of development and is reaping the benefits of economies of scale. Wind energy is one of the fastest growing industries at present, with installed capacity globally rising from 2,500 MW in 1992 to over 120,000 MW in 2008. With most developed nations committed to increasing the proportion of energy coming from renewables and setting demanding targets to achieve this, growth over the next ten years should be assured. Indeed, according to the Global Wind Energy Council, global wind generating capacity is predicted to reach 332,000 MW by 2013 and installed capacity for wind energy is expected to rise by more than sevenfold by 2020.