RENEWCONNECT - All about renewables & power sector

ABC Analysis is a great approach to categorize and prioritize inventory, especially for running spares and consumables in the solar industry. Here's a suggested analysis structure: Data Collection: Gather inventory data for the last three years. Include details like unit price, usage frequency, and total cost of each item. Categorization Basis: Calculate the cumulative percentage contribution of each item to the overall cost. Sort materials by unit price in descending order and compute their cumulative cost percentage. ABC Classification: Category A (0 – 75%): These are the most expensive or critical items that contribute significantly to the total cost. Category B (75 – 90%): These items are moderately priced, representing average importance. Category C (90 – 100%): Low-cost items that contribute the least to overall cost and have minimal impact. Considerations: For Category A items, implement stringent inventory controls and ensure high availability to avoid disruptions. For C

Implementing some of the best practices in the renewable energy sector under Scope 1, 2, and 3 emissions can contribute to sustainability and cover the environmental goals. Below are some of the best practices that can be implemented to minimize the carbon emissions: Scope 1: Direct Emissions 1. Renewable Energy Integration As renewable generating plants like solar, wind, hydro, and biomass are producing electricity is renewable, operation and maintenance activities in the respective sector, replace or reduce reliance on fossil fuels. Invest more in technologies like bio-fuels, Organic waste to energy, and other energy storage systems which can lead to sustainability 2. Energy Efficiency Adopting more energy-efficient technologies and practices in minimizing overall energy consumption. Periodic maintenance and upgradation can improve the efficiency of the system. 3. Carbon Capture and Storage (CCS) Exploring more options and invest in carbon capture technologies to reduce or eliminate