Page 23 - RSB Annual Report 2020 English

⁞ The seventh year of the RSB’s ESCO accreditation scheme was no regular year. Most business operations across the globe were disrupted and high levels of uncertainty engulfed markets and societies. A survey run by the RSB in May of 2020 showed that more than 80% of accredited ESCOs had already been affected by the Covid-19 pandemic, both operationally and commercially, with more than 60% of them anticipating their revenues to reduce by more than 20% against expectations. Yet 90% were positive about a return to normality by 2021. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Annual Report 2020 Operationally Commercially Other None 0-10% 10-20% 20%+ › Figure (3a) Has the Covid 19 pandemic affected your business? ⁞ By year end there was a total of 24 accredited ESCOs; 11 fully accredited and 13 provisionally accredited. 17 accreditation applications were approved over the course of the year, four of which resulted in full accreditation and the remaining 2017 Thirteen in provisional accreditation, on a first or 2016 renewal basis. Moreover, four Energy Auditors 2015 were accredited throughout the year, giving a › Figure (3b) How much is revenue anticipated to reduce in 2020 2020 2019 2018 11 9 6 5 6 5 total of 14 accredited Energy Auditors by the 2014 4 end of the year. Fully accredited ESCOs ⁞ Accredited ESCOs reported a total of 294 projects, 47 of which were newly reported. These new projects had associated investment of AED71 million, bringing the total investment in the sector to AED987 million since 20141. 1 Figures are for projects reported by accredited ESCOs in the emirate of Dubai. Historic figures are subject to the year of reporting of them to the RSB by the accredited ESCO. RSB 23