The Lebanese Center for Policy Studies (LCPS), a Beirut-based non-profit independent think tank, considered that Lebanese micro-, small-, and medium-sized enterprises (MSMEs) need to transition to renewable energy sources, as it provides them access to an affordable and reliable source of electricity supply. It noted that the onset of the economic and financial crisis ushered significant new challenges for MSMEs in the energy sector, as it severely limited their ability to secure financing for investments in renewable energy or efficiency projects. It added that addressing these financial constraints is the highest priority of stakeholders involved in Lebanon's energy transition to fully harness the potential of MSMEs as key players in Lebanon's energy transition.  Also, it indicated that the renewable energy sector in Lebanon has witnessed remarkable growth since the onset of the economic crisis in 2019, as it provided MSMEs a mix of challenges and opportunities. It pointed out that challenges in adopting clean technologies and attracting investment persist for MSMEs, compounded by difficulties in securing loans and credit, which has driven companies to rely on unsustainable sources of financing. It considered that the private sector, led by MSMEs, must recognize its role as a pioneer in climate-smart investments, and added that this would be essential not only for their own business success but also for developing the skills necessary to actively participate in implementing adaptation and mitigation policies to address the impact of climate change across the country. It noted that MSMEs installed solar energy systems to reduce their reliance on the state-owned Électricité du Liban and diesel generators, and to lower their expenditures on energy. It said that the installation of renewable energy systems between 2020 and 2023 helped ensure the continuity of the enterprises' daily activities.  Further, it pointed out that MSMEs play a pivotal role in shaping Lebanon's solar landscape, as they undertake tasks ranging from design and installation to commissioning and maintenance across the residential, industrial, commercial, and public sectors. It added that employment opportunities within these businesses have surged by 70% between 2020 and 2022. It indicated that MSMEs in the renewable energy sector contribute positively to Lebanon's energy transition by promoting solar solutions, reducing dependence on costly and unreliable fossil fuels, and supporting the economic recovery. It noted that it is imperative to fully capitalize on the renewable energy sector's ability to drive Lebanon's energy transition and economic recovery by addressing quality concerns and fostering growth through partnerships and support mechanisms, which will pave the way for a sustainable energy future.  However, it stated that MSMEs in the renewable energy sector face operational instability, electricity supply issues, security concerns, and administrative hurdles, which hinder their smooth functioning. It considered that financial constraints, including high startup costs, regulatory complexities, and infrastructure limitations, further impede their growth trajectory. As such, it noted that the urgent need for enhanced training and vocational programs for technicians in the solar and renewable energy sector is critical for their sustainable growth.  (ICE BEIRUT)

Fonte notizia: Byblos Bank, February 17-22, 2025