May 19, 2020

MENA to host US$15bn in new solar projects over next five years

Renewable Energy
Renewables
solar power
expansion
Marcus Lawrence
2 min
MENA to host US$15bn in new solar projects over next five years

The Middle East and North Africa (MENA) is set to host over US$15bn’s worth of new and operational solar projects during the next five years, signalling a potent forward-thinking strategy for a region looking to transition away from fossil fuel exports.

Published ahead of the Solar Asset Management (SAM) MENA conference this November, SAM’s report on the matter says that the Middle East Solar Industry Association (MESIA) currently values the region’s solar market at around $20bn.

To meet mounting demand from global markets for clean energy, SAM said the region’s power generation capacity must increase by 66% by 2030, adding 267GW to its current capacity. The dropping costs of solar generation, along with the aforementioned demand, are facilitating the region’s push towards a renewable future.

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“Among the top five markets in the MENA region with the largest operational and in-the-pipeline solar projects include the UAE (58%), Egypt (23%), Jordan (10%) and Morocco (6%),” said Mina Mesbahi, Research Analyst at Solarplaza International BV, in SAM’s press release.

“Almost all the countries in this region experience an all year-round sunshine, providing breeding grounds for solar development. Accounting for almost 3GW of operational capacity, solar seems to only loom large for MENA.”

The SAM MENA conference is due to take place over 17-18 November 2019 at the Renaissance Downtown Hotel, Dubai, UAE. Speakers at the event include: Rouven Lenhart, Managing Director, Meteocontrol AMEA; Ahmed S Nada, President, MESIA; Raed Ahmad Bkayrat, Managing Director, Clean Energy Business Council; Nabih Cherradi, CTO, Desert Technologies; and many more.

 

For more information on business topics in the Middle East and Africa, please take a look at the latest edition of Business Chief MEA.

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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