Energy
We provide comprehensive expertise and innovative solutions to help our clients navigate the rapidly evolving energy landscape and achieve their strategic goals.
ENERGY SECTOR
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In global energy market, where energy import transactions between countries have become widespread and international law rules and regulations have increased, the sharp ups and downs in stock market movements have accelerated the search for international investment of multinational energy companies.
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In addition, factors such as national regulations, binding of government guaranetee to certain conditions, efficiency in electricity infrastructure, climatic changes are also increasing the opening of energy investors to the foreign market and even the demand for multinational company mergers every day.
Government pressures and law amendments for the implementation of renewable energy regimes in order to reduce the greenhouse gas emission rate have led manufacturers to use new technology products and triggered the development of technology in energy production.
In today's world, where energy infrastructure investors and technology companies operating in the energy field are experiencing digital and strategy transformation, it is important for both investors and suppliers to invest in the right energy sector in the right country.
In some countries, it is not obligatory for people who establish renewable energy production facilities to meet their own consumption needs to obtain a license.
Some of the services we provide for energy investors:
-Execution of the IPO process of energy production and distribution companies
-Relations between shares
-Feasibility report
-Technical project design and implementation
-Managing the license application process
-Legal support in licensing disputes
-Contract preparation
-Tax refunds
-Incentive applications
-Project renewal applications
-Engineering services
-Energy import&export
-Claims & Payments
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In the sector where the largest share of renewable energy investments in the European Union is allocated to wind energy and offshore energy investments are encouraged, we refer to contractors for our clients in order to ensure that they receive reliable, cost-effective and high-quality service during the design and implementation phases of projects.
Renewable energy resources which we give consultancy services are :
- Hydraulic
- Biomass
- Stream
- Wind
- Geothermal
- Wave
- Solar
- Tidal
It is priority for the investor to provide the necessary conditions to benefit from the purchase guarantees of the government in foreign countries that have a mechanism to support renewable energy sources.
Modifications in national and international legislation on the use of renewable energy sources in electrical energy production are the main issues that investors and operators should follow.
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It is of serious importance for the enterprise to follow the legislative changes in which severe criminal sanctions are foreseen at the right time and to take the necessary measures in a timely manner.
As QANAQ, we follow up the modifications in local and international legislation of the country where our clients' energy investments are located and under operation.
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It is also important for the environment to protect renewable energy resource areas, to certify the electrical energy obtained from these sources as regulated by legislation, and to ensure that these resources are used in accordance with the rules.
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The correct analysis of the legislation of the country where the energy investment will be established and the correct management of the process also affect the investment costs and the return duration.
In some countries, it is not obligatory for people who establish renewable energy production facilities to meet their own consumption needs to obtain a license.
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Services we provide for energy investors:
- Execution of the IPO process of energy production and distribution companies
- Relations between shares
- Feasibility report
- Technical project design and implementation
- Managing the license application process
- Legal support in licensing disputes
- Contract preparation
- Tax refunds
- Incentive applications
- Project renewal applications
- Engineering services
-Energy import&export
-Claims & Payments
​
In the sector where the largest share of renewable energy investments in the European Union is allocated to wind energy and offshore energy investments are encouraged, we refer to contractors for our clients in order to ensure that they receive reliable, cost-effective and high-quality service during the design and implementation phases of projects.
As QANAQ, we provide consultancy services on the most appropriate country legislation for your renewable energy investment.
Taxes, land allocation and other advantages provided by each country to foreign investors for renewable energy investments are different from each other.
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For example, in the legislation of many developing countries, it is prohibited to prepare zoning plans that affect the use and efficiency of renewable energy resource areas.
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While determining the energy resource areas suitable for electrical energy production, the opinion of the public authorities established in the relevant country has to be taken.
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In addition, we ensure that the investor is properly informed about the protection, rating, use of energy resources, determining the conditions to be sought for those who will use these areas, obtaining the opinions of energy distribution companies on the establishment of investment, capacity allocation, obtaining collateral from the license holder.
UMDF
The Urban and Municipal Development Fund (UMDF) is actively involved in 21 projects spanning 18 African countries. With funding commitments nearing 50 million USD, the UMDF operates with a dedicated team of five members and collaborates with consultants. Its operations were made possible through the generous support of initial donors such as the Nordic Development Fund (NDF), the Wallonia Export and Investment Agency (AWEX), and the State Secretariat for Economic Affairs (SECO) of Switzerland. In 2022, the Ministry of Economic Affairs and Digital Transformation of Spain joined the list of donors, further strengthening the fund's resources.
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The UMDF engages in partnerships with various organizations, including C40, the European Space Agency, the Basque Trade and Investment Agency (BTI), and other institutions, with the shared objective of addressing the challenges posed by rapid urbanization. Together, they aim to mitigate these challenges and foster resilience.
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Within the framework of the Race to Resilience, the UN Climate Change High-Level Champions are actively advocating for action based on the "Sharm el-Sheikh Adaptation Outcomes for Finance." One of the highlighted solutions is to expand efforts in assisting sub-sovereign entities, such as cities, states, and state-owned enterprises, in accessing international funding for adaptation and resilience projects. Additionally, the UMDF aims to facilitate the development of a robust project pipeline while reducing barriers to investment. The integration of physical climate risks into investment decisions is also emphasized to ensure informed and sustainable choices.
NEWS
The construction of a 30-megawatt solar photovoltaic power plant, supported by the African Development Fund grant, will be financed. Additionally, a battery backup system will be included. This project aims to enhance the generation capacity, raising it to 185 MW, and increase grid energy to 365 gigawatt-hours per year. A portion of the grant will also be dedicated to technical assistance and capacity building initiatives. These efforts will focus on improving the operational performance of the grid, ensuring the sustainability of the achieved results, and promoting the overall development of the power sector in Eritrea.The project involves the establishment of a grid-connected solar photovoltaic power plant located in close proximity to Dekemhare, a town situated 40 km southeast of the capital city, Asmara. Its primary objective is to enhance the capacity for delivering clean and cost-effective electricity to the region.