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DI-Solar from DIMO, Sri Lanka’s first battery less solution to utilize solar PV generated power during outages

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2 years ago

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DI-Solar

DIMO, a leading diversified conglomerate in Sri Lanka, with over 80 years of engineering excellence, recently introduced DI-Solar, a revolutionary solution, enabling the power generated through the existing solar PV systems to be utilized during the prevailing daytime power interruptions, thereby preventing the power wastage. This is Sri Lanka’s first and only cutting-edge solution in the market that allows the power generated by solar systems to be utilized without any mode of battery storage, which is ideal for the industries facing various challenges due to the power shortage in the country, as it facilitates uninterrupted business operations and reduces the spend on fuel for generators by 50% to 70%.

In addition to the heavy focus on the industrial usage, DI-Solar also comes with a consumer solution component, which will soon be introduced to the market, further accelerating nation’s green journey.

Industries in Sri Lanka are facing many challenges in pursuit of seamlessly continuing their business operations during the regular power cuts, without incurring production losses and downtime. Although many business enterprises are having pre-installed rooftop solar PV systems, they are unable to use the power generated through the solar PV systems during power outages at daytime, as the grid is not available. Thus, they are compelled to entirely depend on generators, to continue operations at a time when fuel incurs a high cost.

The continuous offering of innovative solutions to address the issues of the country’s power sector is a testament to DIMO’s vast expertise in the power and energy sector.

DI-Solar offers, a high-tech controller from a leading manufacturer in Europe that would be installed on new or existing solar PV systems and whenever there is a daytime power interruption, it enables the premises to operate as an off-grid system and utilize the power generated through the solar PV system to cater to the internal requirement, which otherwise would have been wasted.

When power interruptions occur during the daytime, the generators will start producing electricity to serve the electricity demand in the premises. In the next instance, the proposed controller comes into operation by using the parameters in the electricity generated by the generator to trigger solar PV inverters to be switched on. The solar PV inverters will then commence its process of generating electricity and become the primary energy source to cater the load, while reducing the electricity generation by generators, resulting in a reduction of fuel consumption. Moreover, this solution can be further improved to use even during the night-time power interruptions by integrating a battery.  DI-Solar can be customised according to any existing solar PV system and the company also offers solar PV systems with this solution for the industrialists who do not possess pre-installed solar PV systems to power their plants.

Mr. Ranjith Pandithage, Chairman & Managing Director of DIMO said, “This project is yet another timely offering by DIMO and we continue to fuel the dreams and aspirations of the communities we serve in, providing the nation the means to switch to renewable energy solutions, which in the current context is extremely important.”

If installed at a facility with an approximate solar PV system capacity of 650kW and experiences an average 3–4-hour daytime power interruption, during which generators are used to cater the demand, the DI-Solar system has a capability to drastically reduce the fuel consumption, as it only requires fuel to cater for the minimum load of the generator (around 30% of the generator capacity). The rest of the energy requirement of the generators (the balance 70%) will be attained by utilizing solar energy generated through the solar PV panels. Accordingly, the business enterprise will also reduce its expenditure on fuel and enjoy a swift payback period of 1-2 years.

DI-Solar also allows industries to use renewable energy without totally depending on the national grid, as a proactive measure in facing any future challenges in the local power sector while also allowing them to contribute more to the national GDP output through uninterrupted operations and reducing the foreign spend on fuel imports.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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1 day ago

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October 4, 2024

By

Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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1 day ago

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October 4, 2024

By

PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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1 day ago

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October 4, 2024

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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