Wind power: the world's leading sustainable energy. Madrid 11/01/2012
|
|
- Rebecca Jennings
- 7 years ago
- Views:
Transcription
1 Wind power: the world's leading sustainable energy Madrid 11/01/2012
2 Table of contents The electricity sector s challenges Key drivers of Wind Energy Disadvantages of Wind Energy: myth or reality? Economic competitiveness of Wind Energy New market opportunities Forecasts of Wind Power installations Conclusions 2
3 Conventional electricity generation faces some structural challenges and renewable energy is a large contributor to the solution Challenges Solution Benefits Oil reserves exhaustion Economic Energy supply security and independence Renewable energy Social Environmental impact Environmental 3
4 Table of contents The electricity sector s challenges Key drivers of Wind Energy Disadvantages of Wind Energy: myth or reality? Economic competitiveness of Wind Energy New market opportunities Forecasts of Wind Power installations Conclusions 4
5 Key drivers of wind energy NATIONAL ENERGY STRATEGY ENERGY AFFORDABILITY ECONOMIC & SOCIAL BENEFITS ENVIRONMENTAL PROTECTION Self- sufficiency Cost effective Efficient use of land Clean unlike: Local resource Security of supply - less risk of shortages and price volatility through Diversification of supply Less exposure to adverse geopolitical situations Price predictability More generation during coldweather months Downward cost evolution (LCOE) Flexible in size Compatible with other uses No water consumption Short construction time Contribution to local development Lower NIMBY effect Thermal - burns fossil fuels contributing to climate change Nuclear - uses vast quantities of fresh water & generates toxic waste Abundant & Inexhaustible Wind is free and unlimited Not transferable 5
6 Table of contents The electricity sector s challenges Key drivers of Wind Energy Disadvantages of Wind Energy: myth or reality? Economic competitiveness of Wind Energy New market opportunities Forecasts of Wind Power installations Conclusions 6
7 Disadvantages of wind energy: myth or reality? 1) Heavily subsidized? Fossil-fuel consumers worldwide received c. 6 times more government subsidies -$409 billion in than the renewable-energy industry -$66 billion in (1) 2) Large backup power needs? 20% backup needs to maintain reliability in the grid or 1 MW of flexible backup per 5MW of renewable energy (2) 3) Inefficient use of the wind power (15%-20% of the total) due to intermittency, forecasting weakness and quality of wind electricity? True only for old WTG models - In Spain, 60% of wind power has been integrated by the System Operator New advanced models solve most technical problems -voltage control and dips-, improve performance, and are in the process of solving additional ones: frequency control, improved wind generation forecasts 4) Higher than average grid investment? All new power installations need new lines to evacuate the new generation Wind developers look for sites near existing lines to reduce investment needs 5) Large environmental impact -visual, noise, birdlife-? More environmentally friendly than conventional forms like thermal or nuclear power (1) According to the chief adviser of the IEA during presentation of the World Energy Outlook (2) According to the IEA s World Energy Outlook
8 Table of contents The electricity sector s challenges Key drivers of Wind Energy Disadvantages of Wind Energy: myth or reality? Economic competitiveness of Wind Energy New market opportunities Forecasts of Wind Power installations Conclusions 8
9 Economic competitiveness of onshore Wind Energy 1. COE definition: Levelized Cost of Energy (LCOE) 2. Factors affecting the evolution of onshore wind cost of energy (COE) Onshore wind turbine prices Hub height, power curve and capacity factor O&M costs 3. Fair comparison with other energies including emission costs 4. External costs by technology: wind energy has the lowest external costs 5. Competitiveness vis-à-vis other technologies 6. Fully competitive LCOE in Gamesa s Cost of Energy (COE) strategy 9
10 Levelized Cost of Energy (LCOE) - The right measurement and comparison indicator Source: The Economics of Wind Energy, EWEA Report
11 Factors affecting the evolution of COE: onshore wind turbine prices Average cost fell in real terms from 2 MM/MW in 1980s to 0.88 MM/MW in ONSHORE WIND TURBINE PRICES: (EUR M/MW) 2.0 Denmark and Germany Global 1.0 7% ,000 10, ,000 1,000,000 MW 11
12 Factors affecting the evolution of COE: average hub height and power curve Bigger hub heights and increasing efficiency of wind turbines contribute to improve the capacity factor of the wind farms 80 AVERAGE TURBINE HUB HEIGHT (METRES) 100% AVERAGE TURBINE POWER CURVE (%) 60 75% % % % m/s 12
13 Factors affecting the evolution of COE: average capacity factor The capacity factor of the global onshore wind system increased from 21 % in 1984 to 34 % in % 30% AVERAGE CAPACITY FACTOR, (%) 34% Efficiency and hub height as designers learn how to capture energy in poor wind conditions, improve efficiency at normal wind conditions and, 25% Ef f iciency only 24% build larger turbines with taller towers to access and harness higher wind speeds 20%
14 Factors affecting the evolution of COE: average O&M cost Operation and maintenance costs have decreased in real terms on average from 50/MWh in the 1980S to 11/MWh today AVERAGE OPERATION & MAINTENANCE COST (OPEX) /MWh
15 Wind Energy economic competitiveness AVERAGE LCOE OF ONSHORE WIND: /MWh 1000 LCOE of onshore wind in windy locations has fallen in real terms from 200/MWh to 52/MWh Denmark and Germany Global 14% 14% decline for every doubling of installed capacity Only 6/MWh higher than the current cost of a combined cycle gas turbine plant excluding the cost of carbon emissions Bloomberg predicts the cost of wind energy to drop 12% in the next five years ,000 10, ,000 1,000,000 MW IEA (1) foresees onshore wind energy to have a LCOE (at 5% discount rate) of as low as USD48 /MWh in 2015; USD101/MWh for offshore wind energy (1) IEA - Projected Costs of Generating Electricity,
16 Fair comparison with other energies including emission costs Schematic representation of Break-Even with and without Emission costs Assessments of the costs of future paths of RE deployment have to consider the whole range of costs, including external costs typically climate change and health impacts due to air pollution- and co-benefits Although the uncertainty is relatively high, in most cases RE sources have rather low external costs assessed on a lifecycle basis when compared to fossil fuel-based technologies Source: IEA 2008 in IPCC Special Report on Renewable Energy Sources of the United Nations,
17 Wind energy has the lowest external costs among all technologies Source: IPCC Special Report on Renewable Energy Sources of the United Nations,
18 Wind energy has the lowest external costs among all technologies Source: IPCC Special Report on Renewable Energy Sources of the United Nations,
19 Competitiveness vis-à-vis other technologies The internalization of CO2 costs, the upward trend of fossil fuels, and more efficient wind farm designs are helping wind energy achieve grid parity, with LCOE only slightly above that of coal Source: BNEF, Research note on LCOE: Q
20 Competitiveness vis-à-vis other technologies In areas of excellent resource, wind energy is already competing with conventional fossil-fuel technologies Brazil, Texas (USA), Oaxaca (Mexico), or Chile In Europe, wholesale prices reflect overcapacity and the fact that most facilities are fully depreciated. This affects wind energy and all other new power plants Source: David Milborrow, 2011: Annual Power Costs Comparison Electricity demand growth, coupled with the dismantling of old or environmentally damaging facilities will improve wind energy competitiveness over the next two decades 20
21 Competitiveness vis-à-vis other technologies Levelized cost of electricity for commercially available RE technologies at 3%, 7% and 10% discount rates. Source: IPCC Special Report on Renewable Energy Sources of the United Nations,
22 Fully competitive LCOE in 2016 (1) The COE of an average onshore wind farm will be fully competitive with coal, gas and nuclear power plants by 2016 (1) The cost of wind energy will drop 12 percent in the next five years because of gains in output efficiency and lower equipment prices Energy from onshore wind farms is becoming cheaper, driven by turbines that drop 7% in price every time installed capacity doubles and designs that have improved output efficiency to 34% "The public perception of wind power tends to be that it is environmentally friendly, but expensive and intermittent. That is out of date, in the best locations, where generation is already costcompetitive with fossil-fuel electricity, and that will be the case for the majority of new onshore turbines installed worldwide by 2016 Justin Wu, lead wind analyst at the researcher The levelized CoE, without subsidies, in windy locations has already dropped to 52/ MWh from 200/ MWh in This is only 6 more expensive than gas-fired power (1) Source: Bloomberg New Energy Finance: Grid Parity for Onshore Wind, 17 November
23 Gamesa s strategy fully aligned with COE reduction Cost of Energy reduction target of 30% by 2015 to be achieved through extended product range, higher availability and continuous innovation Economic target Impact of levers on CoE (illustrative) -30% TODAY -12% -8% % COE today Product Fleet COE target Continuous range and performance 2013 innovation performance and availability Source: Gamesa Business Plan COE target
24 Gamesa s COE strategy Optimized product portfolio G97-2 MW, the first product of a fully optimized product portfolio: top performance for low wind sites More energy production than the current market leader in the 2 MW (1) Class III C. 14% more energy production than the current G90-2 MW Class III New aerodynamic design, increased swept area (+16%) and reduced noise Designed for class III (low wind) where more than 50% of the demand is expected From design to industrialization in 18 months: already installed in China, Europe, India and the U.S. First orders received (120MW) (1) 2MW category range: 1.8 MW MW 24
25 Gamesa s COE strategy New value added O&M services GPA 99: 4 initiatives set up to improve availability and fleet performance GPA 99 PROGRAM DESCRIPTION (EXAMPLES) IMPACT DESIGN FOR RELIABILITY o Integration of field knowledge to change WTG design o Availability without maintenance o Reliability Centered Maintenance COMPONENTS REPAIR o In-house repairing, reconditioning of small & large components o Extension of WTG's useful life o Reduction of WTG downtime o New source of income o Components stock management close to field MAINTENANCE PROGRAMS o Improve on large components logistics o Reduction of running costs o Process automation and innovation o Decreased risk of large interventions o Scheduled maintenance in low wind conditions o Customized maintenance programs SERVICES SOURCING o Performance based Contracts for sub contractors o Lower manpower costs o Better service levels o Training and certification programs Source: Gamesa; Roland Berger Strategy Consultants 25
26 Table of contents 1 The electricity sector s challenges 2 Key drivers of Wind Energy 3 Disadvantages of Wind Energy: myth or reality? 4 Economic competitiveness of Wind Energy 5 New market opportunities 6 Forecasts of Wind Power installations 7 Conclusions 26
27 New market opportunities Flexibility and modular capability of wind farms could offer new solutions for the electricity system given increasing difficulties in developing new electricity infrastructure (HV lines and thermal generation) because of local opposition, environmental approvals and NIMBY effect Wind energy will evolve into new applications: wind energy with storage, hybrid systems, off grid systems, self-consumption, repowering The core business remains the construction and operation of wind farms, but market niches will help diversify operations and provide suitable responses to a multitude of new situations: saturated markets, congested grids, rural and isolated areas, urban environment, environmental sensitive areas WIND ENERGY PENETRATION Wind energy with storage Small-size wind farms Repowering Large scale offshore wind farms Conventional onshore wind farms Off grid applications Self-consumption Hybrid systems COUNTRY DEVELOPMENT 27
28 Offshore wind energy National policies are doubling efforts to convert offshore wind energy into a major source of electricity production in the medium term: UK: up to 18 GW by 2020 Germany: up to 25 GW by 2030 France: 6 GW by 2020 China: 5GW by 2015 and 30GW by 2030 Offshore costs strongly determined by the distance of the installation from the shore and the water depth Technical potential for offshore wind energy generation at different water depths in 2030 for Europe (EEA, 2009). Cost dispersion in existing projects is misleading, since it includes very early designs and demonstration projects (non driven by economic considerations). A range of 3-4MM/MW of CAPEX seems reasonable, under normal conditions 28
29 Repowering Repowering implies replacing old and small-size turbines for newer more efficient ones. Given the relative newness of the wind energy business, this segment is marginal today, but will grow in importance in future years especially in countries with a very mature wind industry Advantages are significant: Optimal use of the best locations, which have been exploited first (higher capacity factors, better access conditions, proximity to evacuation lines). Lower environmental impact: less wind turbines produce the same amount of energy, occupying smaller pieces of land, no need to build accesses and other infrastructure. It also avoids the occupation of new areas for electricity production. Main markets for repowering (the first three with legislation in place): Germany Spain Denmark US 29
30 Repowering market in Spain Early deployment of wind energy in Spain will favor repowering. Current legislation awards an extra premium of 7/MWh until end of 2017 (over conventional premium or FIT) to wind farms commissioned prior to 31/12/2001 The Plan de Energías Renovables expects 10% of installations with 15 years or more & all installations after 20 years of functioning. Repowering could even surpass new onshore wind energy installations after 2019 securing healthy WTG demand despite market maturity MW eligible to benefit from repowering Year Repowering MW , , , , , , , Year MW commissioned 13 years before Cum MW commissioned 13 years before or more Source: Own elaboration. Source: PER
31 Repowering market in Germany Repowering already constitutes a profitable business opportunity in Germany and its importance will grow in coming years Law EEG 2009 and the Law recently approved EEG 2012 grant a repowering bonus of 5/MWh on top of conventional feed-in tariff for wind turbines commissioned up to the end of 2001, when the new turbines are of at least double capacity than the old ones Source: WindEnergy Study
32 Self consumption and off-grid installations New opportunities will appear for the wind energy as the electricity systems evolve : The future electricity systems will rely more and more on distributed generation, as well as on self-consumption. This is an excellent opportunity for wind energy, which can help consumers to partially cover their energy demand through dedicated installations, normally small size wind farms Additionally, developing countries, islands, isolated areas would benefit from wind energy, mixed or hybrid with other fuels, as wind energy is cheaper than the fuel normally used in those developments In all cases, the overall system will benefit from very low grid losses and a better demand management; consumers will benefit from lower and controlled costs Spain has just approved a new legislative framework for small wind. Other countries like the USA, Italy and the UK are pioneers in this field, and have put in place regulations allowing wind farms dedicated to self consumption. It is expected that most electricity systems will evolve in the same line Source: smartgridchile.com 32
33 Table of contents 1 The electricity sector s challenges 2 Key drivers of Wind Energy 3 Disadvantages of Wind Energy: myth or reality? 4 Economic competitiveness of Wind Energy 5 New market opportunities 6 Forecasts of Wind Power installations 7 Conclusions 33
34 Forecasts of new wind power installed worldwiderenewable energies The Intergovernmental Panel on Climate Change (IPCC) has compiled 164 recent scenarios on the future deployment of Renewable Energy and the majority of the scenarios indicate a substantial increase in the deployment of Renewable Energy by 2030, 2050 and beyond In 2008, total RE production stood at roughly 12.9% of total primary energy supply. More than half of the scenarios show a contribution from RE in excess of a 17% share of primary energy supply in 2030, rising to more than 27% in 2050 The scenarios with the highest RE shares reach approximately 43% in 2030 and 77% in In other words, it is likely that RE will have a significantly larger role (in absolute and relative numbers) in he global energy system in the future than today Scenarios generally indicate that growth in RE will be widespread around the world. Although the precise distribution of RE deployment across regions varies across scenarios, they are largely consistent in indicating widespread growth in RE deployment around the globe Source: IPCC Special Report on Renewable Energy Sources of the United Nations,
35 Forecasts of new wind power installed worldwide There is a consensus that wind energy will play a predominant role in electricity production in all regions of the world, regardless of present adverse circumstances In 2008, wind energy installations accounted for 3% of global capacity installed; by 2020 the International Energy Agency expects that this percentage will be 12%, which implies steep growth rates over the current decade All regions in the world have large untapped wind energy resources, both onshore and offshore. In recent years the focus on European markets has been shifting away towards America and Asia The four fast-growing emerging economies (China, India, Mexico, Brazil) are making very rapid progress in wind power installations likely to continue in future decades In addition, a new wave of investments is coming from other emerging countries in Latin America and Asia (Chile, Peru, Uruguay, Vietnam, Thailand, South Korea, former Soviet Union Republics). Magreb countries, once current political instability is over, are to become significant demanders. Finally, the African potential is starting to wake up (e.g. recent tender of South Africa, 300-MW project of Kenya) 35
36 Forecasts of new wind power installed worldwide According to the GWEC, MW acc in 2015 = 4x MW acc in 2008 CAGR=21% Source: GWEC, Global Wind Report
37 Forecasts of new wind power installed worldwide According to BTM MW installed in 2015 = 2 x MW installed in 2010 CAGR 21% Source: BTM Consult, World Market Update
38 Forecasts of new wind power installed worldwide According to MAKE MW installed in 2016 =2 x MW installed 2008 CAGR 10% Source: MAKE Consulting, Global Wind Power Forecast Q
39 Forecasts of new wind power installed worldwide According to the IEA MW acc in 2035 =9 x MW acc 2008 CAGR =8.3% Source: AIE, WEO 2010, New Policies Scenario. AIE forecasts :
40 Forecasts of new wind power installed worldwide According to the AIE MW acc in 2035 =9 x MW acc 2008 CAGR =8.3% Source: AIE, WEO 2010, New Policies Scenario. 40
41 Table of contents 1 The electricity sector s challenges 2 Key drivers of Wind Energy 3 Disadvantages of Wind Energy: myth or reality? 4 Economic competitiveness of Wind Energy 5 New market opportunities 6 Forecasts of Wind Power installations 7 Conclusions 41
42 Sound long-term growth fundamentals of wind power remain intact Wind power remains key to solve conventional electricity generation structural challenges -energy scarcity, dependency and security Wind is free, local, abundant and inexhaustible. The COE of an average onshore wind farm will be fully competitive with coal, gas and nuclear power plants by 2016 The levelized COE, without subsidies, in windy locations has already dropped to 52/ MWh from 200 MWh in This is only 6 more expensive than gas-fired power. In areas of excellent resource (Brazil, Texas, Oaxaca, or Chile) wind energy is already competing with conventional fossil-fuel technologies Gamesa s strategy is fully aligned with COE reduction: 20% by 2013 and 30% by 2015 Different independent organizations estimate double digit CAGR in wind installations in the coming 5 years and high single digit CAGR in the long term (to 2035). All sources agree on the increasing relevance of wind power generation in the energy mix Although onshore wind construction/operation will remain the industry's core business, wind power flexibility and modularity will translate into new applications (offshore, small wind farms, self consumption, hybrid systems ) 42
43 Questions & Answers Muchas Gracias Thank you 谢谢 43
44 Disclaimer This material has been prepared by Gamesa Corporación Tecnológica, S.A., and is disclosed solely as information. This material may contain declarations which constitute forward-looking statements, and includes references to our current intentions, beliefs or expectations regarding future events and trends that may affect our financial condition, earnings and share value. These forward-looking statements do not constitute a warranty as to future performance and imply risks and uncertainties. Therefore, actual results may differ materially from those expressed or implied by the forward-looking statements, due to different factors, risks an uncertainties, such as economical, competitive, regulatory or commercial changes. The potential investor should assume the fact that the value of any investment may rise or go down, and furthermore, it may not be recovered, partially or completely. Likewise, past performance is not indicative of future results. The facts, opinions, and forecasts included in this material are furnished as to the date of this document, and are based on the company s estimations and on sources believed to be reliable by Gamesa Corporación Tecnológica, S.A., but the company does not warrant its completeness, timeliness or accuracy, and therefore it should not be relied upon as if it were. Both the information and the conclusions contained in this document are subject to changes without notice. Gamesa Corporación Tecnológica, S.A. undertakes no obligation to update forward-looking statements to reflect events or circumstances that occur after the date the statements were made. The results and evolution of the company may differ materially from those expressed in this material. None of the information contained in this document constitutes a recommendation, solicitation or offer to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. This material does not provide any recommendation of investment, or legal, tax or any other type of advise, and it should not be relied upon to make any investment or decision. Any and all the decisions taken by any third party as a result of the information, materials or reports contained in this document, are the sole and exclusive risk and responsibility of that third party, and Gamesa Corporación Tecnológica, S.A. shall not be responsible for any damages derived from the use of this document or its content. This document has been furnished exclusively as information, and it must not be disclosed, published or distributed, partially or totally, without the prior written consent of Gamesa Corporación Tecnológica, S.A. The images captured by Gamesa in the work environment or at corporate events are solely used for professional purposes to inform third parties about corporate activities and to illustrate them. 44
CHILE LEVELISED COST OF ENERGY
CHILE LEVELISED COST OF ENERGY PRESENTED TO NRDC TYLER TRINGAS, ENERGY ECONOMICS APRIL 2011 Chile Levelised Cost of Energy, April 2011 1 CONTENTS Introduction Objectives Levelised Cost of Energy Model
More informationContents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response
Wind power sector 'Keys to competitiveness on the international stage ESADE-Deloitte Jorge Calvet, Chairman of Gamesa Madrid, 1 July 2010 Contents 5 5 5 1 Wind power sector facts Growth drivers Immediate
More informationAreva & Gamesa Joint Venture: Creation of an Offshore Wind Leader
Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader 7 July 2014 1 Resumen Ejecutivo 1. Transaction Overview 2 Summary Areva and Gamesa have entered into an agreement to form a 50%/50% Joint
More informationA macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind
A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently
More informationGLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013
GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable
More informationIssue. September 2012
September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy
More informationOFFSHORE WIND ENERGY IS GETTING CHEAPER
OFFSHORE WIND ENERGY IS GETTING CHEAPER Market foresight and scale drive the cost down Dansk Energi, January 14, 2016 Sune Strøm, Manager, Regulatory Affairs Wind Power Offshore wind is closing in on the
More informationRETURN TO GROWTH AND ONGOING IMPROVEMENT IN PROFITABILITY
January-March 2014 Results Madrid, 8 May 2014 RETURN TO GROWTH AND ONGOING IMPROVEMENT IN PROFITABILITY After notably improving profitability in 2013, Gamesa Corporación Tecnológica 1 has commenced 2014
More informationSummary of the Impact assessment for a 2030 climate and energy policy framework
Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment
More informationSECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6
CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy
More informationH1 2014 LEVELISED COST OF ELECTRICITY - PV
H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3
More informationOffshore Wind: some of the Engineering Challenges Ahead
Offshore Wind: some of the Engineering Challenges Ahead David Infield CDT in Wind Energy Systems Institute of Energy and Environment University of Strathclyde International context (from IPCC report) Greenhouse
More informationINVESTING IN A TRANSITIONING SECTOR
INVESTING IN A TRANSITIONING SECTOR Eurelectric conference Jon Moore, CEO NEW INVESTMENT IN CLEAN ENERGY 24-14 ($BN) 32% 17% $318bn -7% $294bn 16% -9% $31bn.5% $272bn $268bn 17% 46% 36% $175bn $25bn $26bn
More informationDanish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor
Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014 Mr. Henrik Breum Special Advisor Agenda Danish Energy Model RE Policy Tools Introduction The Danish Energy Model Past, now
More informationInterview: Aurélie Faure, Financial Analyst at Dexia Asset Management
Research letter n 09/03 October 2009 http://www.carbonium.fr/pdf/research0903.pdf CONTENTS Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management... p. 1 Hot topics in Copenhagen... p. 3
More informationThe Global Commission on the Economy and Climate. Major Economies Forum, Paris
The Global Commission on the Economy and Climate Major Economies Forum, Paris Jeremy Oppenheim, Programme Director 11 th July 2014 Purpose of the Global Commission Reframe the debate about economic growth
More informationFact Sheet on China s energy sector and Danish solutions
Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The
More informationSmarter Energy: optimizing and integrating renewable energy resources
IBM Sales and Distribution Energy & Utilities Thought Leadership White Paper Smarter Energy: optimizing and integrating renewable energy resources Enabling industrial-scale renewable energy generation
More informationTRENDS 2015 IN PHOTOVOLTAIC APPLICATIONS EXECUTIVE SUMMARY
TRENDS 2015 IN PHOTOVOLTAIC APPLICATIONS EXECUTIVE SUMMARY Report IEA-PVPS T1-27:2015 FOREWORD.... The IEA PVPS Programme is proud to provide you with its 20 th edition of the international survey report
More informationWell positioned to capture growth opportunities
Well positioned to capture growth opportunities Juan Araluce, Executive Vice President & CSO London, 21 June 2016 Classification: Public Disclaimer and cautionary statement This presentation contains forward-looking
More informationGlobal Vision for Gas The Pathway towards a Sustainable Energy Future
Global Vision for Gas The Pathway towards a Sustainable Energy Future Roberto D. Brandt International Gas Union (IGU) Lima July 3, 2012 Table of Contents 1. What is IGU? 2. IGU s Global Vision for Gas
More informationBusiness Opportunities in the Mexican PV market. September 2013 Nikolai Dobrott, Managing Partner
Business Opportunities in the Mexican PV market September 2013 Nikolai Dobrott, Managing Partner Agenda. Apricum The Cleantech Advisory The global solar market Solar market and opportunities in Mexico
More informationProjected Costs of Generating Electricity
Executive Summary Projected Costs of Generating Electricity 2015 Edition Projected Costs of Generating Electricity 2015 Edition INTERNATIONAL ENERGY AGENCY NUCLEAR ENERGY AGENCY ORGANISATION FOR ECONOMIC
More informationAnnex 5A Trends in international carbon dioxide emissions
Annex 5A Trends in international carbon dioxide emissions 5A.1 A global effort will be needed to reduce greenhouse gas emissions and to arrest climate change. The Intergovernmental Panel on Climate Change
More informationSmart solutions for fleets of all types & sizes of power generation. Marcus König, E F IE SGS / September 2013
Smart solutions for fleets of all types & sizes of power generation Marcus König, E F IE SGS / September 2013 Instrumentation, Controls & Electrical The Siemens structure: Four Sectors close to the customer
More informationon Wholesale Electricity Markets: The German Case, May 29, 2013, Madrid.
Oxford Energy Comment June 2013 Living with Intermittent Renewable Power: Challenges for Spain and the EU 1 David Robinson 1. Introduction This note summarizes thirteen policy challenges facing Spain in
More informationDealing with the rise of Renewables Investing in smart renewables. Felice Egidi Head of Regulatory&Antitrust Affairs Paris, July 2 nd 2014
Dealing with the rise of Renewables Investing in smart renewables Felice Egidi Head of Regulatory&Antitrust Affairs Paris, July 2 nd 2014 Summary RES worldwide Global Investments ($bln) Global Installed
More informationwind power and the UK wind resource
wind power and the UK wind resource This report has been prepared by the Environmental Change Institute solely for use by the Department of Trade and Industry by whom it was commissioned. It is not addressed
More informationGood afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today.
Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Europe is at the forefront of a global transition to a cleaner energy economy. At the same time globally energy
More informationThere s power in wind: fact sheet
There s power in wind: fact sheet Why do we need clean energy? Australia s clean energy future The climate is changing. The majority of climate scientists from around the world confirm greenhouse gases
More informationLET S RENEW WWF dismantles the myths of renewable energies in Spain
LET S RENEW WWF dismantles the myths of renewable energies in Spain Subvencionado por: INTRODUCTION Climate change threatens ecosystems and human lives. Energy production and use from fossil fuels are
More informationRENEWABLE ENERGY IN AUSTRALIA
RENEWABLE ENERGY IN AUSTRALIA Increasing electricity generation from renewable energy sources is one of the main strategies to reduce greenhouse emissions from the power sector. Australia has historically
More informationWind and solar reducing consumer bills An investigation into the Merit Order Effect
Switch for Good Wind and solar reducing consumer bills An investigation into the Merit Order Effect Executive summary Concerns over the cost of renewable subsidy schemes have led to significant policy
More informationA clean energy solution from cradle to grave
Environmental Product Declaration A clean energy solution from cradle to grave Offshore wind power plant employing SWT-6.0-154 siemens.com / wind 2 Assessing the performance of a wind power plant The environmental
More informationNordex SE Annual Results 2013
Nordex SE Annual Results 2013 Frankfurt 24 March 2014 AGENDA 1. Highlights 2013 Dr. Jürgen Zeschky 2. Market success and operating milestones Dr. Jürgen Zeschky 3. Business development and key figures
More informationGermany Energy efficiency report
Germany Energy efficiency report Objectives: 231 TWh of end-user energy savings by 216 Overview 29 2-29 (% / year) Primary intensity (EU=1) 1 99 + -1.3% - CO 2 intensity (EU=1) 16 - -1.6% - CO 2 emissions
More informationWind Energy in Texas: Developments & Trends
Wind Energy in Texas: Developments & Trends German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services 2011, Hannover Messe Agenda Market Overview
More informationThe economic competitiveness of nuclear energy
How competitive is nuclear energy? by J.H. Keppler* The economic competitiveness of nuclear energy will be crucial for determining its future share in world electricity production. In addition, the widespread
More informationwww.pwc.co.uk/economics Global wage projections to 2030 September 2013
www.pwc.co.uk/economics Global wage projections to 2030 Summary: Wage gap between emerging and advanced economies will shrink significantly by 2030 By 2030, our projections in this report suggest that
More informationEmergence of hybrid renewable energy systems
Emergence of hybrid renewable energy systems New business opportunity for global renewable players With solar becoming cost competitive with wind, towards 22, wind and solar together are expected to impart
More informationAustralian Remote Renewables: Opportunities for Investment
Australian Remote Renewables: Opportunities for Investment The largely untapped remote clean energy market and funding support available from the Australian Government creates an attractive opportunity
More informationMini-grid Implementation Experience as an EPC Contractor. Fabian Jochem Juwi international GmbH
Mini-grid Implementation Experience as an EPC Contractor Fabian Jochem Juwi international GmbH PART I Company Profile juwi AG Segments & Markets juwi at a glance Company structure Founded in 1996 by Fred
More information2. The German energy transition is driven by citizens and communities.
8 Key Finfings Energy Transition The German Energiewende By Craig Morris, Martin Pehnt An initiative of the Heinrich Böll Foundation Released on 28 November 2012 Revised July 2015 www. 8 Key Findings German
More informationLevelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015
June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that
More informationJoão Manso Neto. EDP Renováveis
João Manso Neto EDP Renováveis EDPR is a market leader with 8.6 GW of installed capacity worldwide #4 worldwide wind player EDP Group company focused on wind and solar investments 77.5% EDP SHAREHOLDING
More informationGlobal growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)
More informationNordex SE. Capital Markets Day Products & Sales - Lars Bondo Krogsgaard
Nordex SE Capital Markets Day Products & Sales - Lars Bondo Krogsgaard Rostock, 13 October 2011 SUMMARY The situation in the wind industry has changed: Attractive medium-term growth prospects Overcapacity
More informationSome micro- and macro-economics of offshore wind*
Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department
More informationWind energy scenarios for 2030. A report by the European Wind Energy Association - August 2015. Wind energy scenarios for 2030
A report by the an Wind Energy Association - August 2015 1 WIND ENERGY SCENARIOS FOR Table of Contents Wind Energy Scenarios for... 1 Executive summary... 3 Introduction... 4 Recent EU economic and regulatory
More informationNuclear power is part of the solution for fighting climate change
Nuclear power is part of the solution for fighting climate change "Nuclear for Climate" is an initiative undertaken by the members of the French Nuclear Energy Society (SFEN), the American Nuclear Society
More informationRE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems
RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets
More informationWORLD ENERGY OUTLOOK 2012 FACTSHEET How will global energy markets evolve to 2035?
How will global energy markets evolve to 2035? Taking all new developments and policies into account, the world is still failing to put the global energy system onto a more sustainable path. The New Policies
More informationTax Credit Extension: Impact on Renewables Investment and Emissions Outcomes
CONCORD, MA - WASHINGTON, DC 47 Junction Square Drive Concord, MA 01742 978-369-5533 www.mjbradley.com MJB&A Issue Brief March 7, 2016 Tax Credit Extension: Impact on Renewables Investment and Emissions
More informationCRITICAL THINKING AT THE CRITICAL TIME. Cheap Fossil. on Renewable
CRITICAL THINKING AT THE CRITICAL TIME Cheap Fossil Fuels Impact on Renewable Energy 1 Where we are today 3 Impact on wind and solar 6 What s next? 9 How Can FTI Consulting help? 2 FTI Consulting, Inc.
More informationEnergy Efficiency Indicators for Public Electricity Production from Fossil Fuels
international energy agency agence internationale de l energie Energy Efficiency Indicators for Public Electricity Production from Fossil Fuels IEA Information paper In Support of the G8 Plan of Action
More informationDeveloping solar in emerging markets
Developing solar in emerging markets Swedbank Conference March 17, 2016 Our values Predictable Driving results Change makers Working together Disclaimer The following presentation is being made only to,
More informationPolyester Fibres in Europe: Developments and Trends
Polyester Fibres in Europe: Developments and Trends 9th China International Polyester and Intermediates Forum Frédéric VAN HOUTE Director General, CIRFS Shanghai, P.R. China, November 8 9, 2012 1. Background
More informationSPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister
SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY Anton Garcia Diaz Economic Bureau of the Prime Minister «Symposium on Strengthening Sino-Spain cooperation in multiple Fields» New Energy Cooperation
More informationACTIVITY REPORT. Zamudio, 26 July 2012. January-June 2012 Results
Zamudio, 26 July 2012 January-June 2012 Results DEBT REDUCTION BEGINS ON THE BACK OF CLOSE TO 100 MILLION IN FREE CASH FLOW GENERATION IN Q2 12, AND A DEBT WITH RECOURSE RATIO 1 OF 2.5 TIMES EBITDA In
More informationSolar Power in China. By Zhou Fengqing
Solar Power in China By Zhou Fengqing Overview Adjust Chinese power structure Feasibility of solar power in China Solar energy as national policies Legislations of solar energy Adjust Chinese Power Structure
More informationRussia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014
Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries
More informationChasing growth in a constrained environment
Chasing growth in a constrained environment Bernard Fontana CEO June 14, 2012 Agenda 1 Drivers of demand growth 2 Allocating the asset footprint according to demand 3 Growth from customer excellence &
More informationRe-assessing Costs in the European Power Sector. July 2013
Re-assessing Costs in the European Power Sector July 2013 The rise in non-conventional energy production in the United States along with the need to rebuild Europe s economy has led to a new focus and
More informationOctober 28, 2014 MARTIFER SOLAR COLLOQUIUM PORTUGAL, JAPAN & EU COOPERATION
October 28, 2014 MARTIFER SOLAR COLLOQUIUM PORTUGAL, JAPAN & EU COOPERATION DISCLAIMER The information contained in this document is strictly confidential and may not be disclosed or reproduced in any
More informationBanking on Renewables
RURAL INFRASTRUCTURE BRIEFINGS Banking on Renewables These Briefings showcase different facets of the rural infrastructure industries: power, energy, and utilities; water utilities; and communications.
More informationOffshore wind in Europe
Offshore wind in Europe Walking the tightrope to success March 2015 Key findings 3 Today s needed actions for 2030 Introduction : Europe s energy challenge Business As Usual is not sustainable Keeping
More informationDii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East
Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East Munich, 27.01.2014 Paul van Son, CEO, Dii GmbH Solar and wind resources in EUMENA more than sufficient
More informationWorld Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency
World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO
More informationInternational Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)
International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening
More informationForatom event 29 April 2015
Foratom event 29 April 2015 New nuclear in the UK and Electricity Market Reform Colin Parker Head of European Liaison - EDF Energy 1 April 2015 EDF Energy plc. All rights reserved. EDF Energy A UK energy
More informationDerisking Renewable Energy Investment
Derisking Renewable Energy Investment Key Concepts Note Introduction Across the world, developing country governments are seeking to rapidly scale-up investment in renewable energy. The financial sums
More informationRenewable energy targets: the importance of system and resource costs
Oxford Energy Comment February 2013 Renewable energy targets: the importance of system and resource costs Malcolm Keay Introduction Early decarbonisation of the electricity industry has been identified
More informationNordex SE Fiscal 2011 and Outlook. Frankfurt, April 2nd, 2012
Nordex SE Fiscal 2011 and Outlook Frankfurt, April 2nd, 2012 AGENDA 1. Global Wind Market Development 2011 and Outlook B. Schäferbarthold 2. Order Intake B. Schäferbarthold 3. Financials 2011 B. Schäferbarthold
More informationSTEADYSUN THEnergy white paper. Energy Generation Forecasting in Solar-Diesel-Hybrid Applications
STEADYSUN THEnergy white paper Energy Generation Forecasting in Solar-Diesel-Hybrid Applications April 2016 Content 1 Introduction... 3 2 Weather forecasting for solar-diesel hybrid systems... 4 2.1 The
More informationELECTRICITY MARKET REFORM SHAPING THE FUTURE GB POWER MARKET
ELECTRICITY MARKET REFORM SHAPING THE FUTURE GB POWER MARKET A Pöyry briefing note Electricity Market Reform (EMR) proposals, intended to deliver the transition to a decarbonised electricity sector, have
More informationExecutive Summary: Distributed Solar Energy Generation
RESEARCH REPORT Executive Summary: Distributed Solar Energy Generation Market Drivers and Barriers, Technology Trends, and Global Market Forecasts NOTE: This document is a free excerpt of a larger report.
More informationIndustrial Power Control
Industrial Power Control Investor and Analyst Webcast London, 20 November 2012 Dr. Helmut Gassel Division President Industrial Power Control (IPC) Table of Contents IPC Segment Overview Growth Drivers
More informationWHEN AN EFFECTIVE EU ENERGY POLICY?
WHEN AN EFFECTIVE EU ENERGY POLICY? A. Clerici ABB Italy Honorary Chairman of WEC Italy Chairman of WEC WG The future role of nuclear in Europe 1 INDEX 1. General Comments 2. Vulnerability 3. Transmission
More informationOFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS
1 OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS April 2013 Contents A B C Offshore market volume of EUR 130 bn by 2020 Agenda 2020 Markets Trends Competition Page 3 Value chain evaluation
More informationGDF SUEZ. Introduction. Jean-François Cirelli
GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance
More informationPassion for Offshore. Wind Power & Renewables Division Market Unit Offshore
Wind Power & Renewables Division Market Unit Offshore Passion for Offshore - Frank Zimmermann, Head of Sales - 5 th British Chamber Conference on Renewable Energy, Hamburg, siemens.com/answers Siemens
More informationMENA Wind Power Outlook
Analyst PRESENTATION MENA Wind Power Outlook Joffrey Dupuy jd@consultmake.com Introduction A few words about MAKE Summary MAKE is one of the global wind industry's premier strategic consulting and research
More informationNordex SE. Analyst Presentation Preliminary Figures FY 2011. Hamburg 28/02/2012
Nordex SE Analyst Presentation Preliminary Figures FY 2011 Hamburg 28/02/2012 Overview Order intake, sales and EBIT before one-off items in line with most recent forecast as of 14 Nov. Guidance 2011p Order
More informationSpurring Growth of Renewable Energies in MENA through Private Sector Investment
MENA-OECD Business Council: Task Force on Energy and Infrastructure WORKING PAPER PRESENTING THE PRIVATE SECTOR S VIEW Spurring Growth of Renewable Energies in MENA through Private Sector Investment Agenda
More informationLNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in
More informationProgressive Performance Audi on the way to the leading premium brand
Progressive Performance Audi on the way to the leading premium brand Axel Strotbek, Member of the Board of Management for Finance and Organization, AUDI AG Deutsche Bank Field Trip, June 3,2013 World car
More informationwelcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi
welcome! Turkish Renewable Energy Market Rome 29 th April 2015 Levent Çelepçi Turkish Map 65,000,000,000 Dollars Current Deficit Overview Turkish Electricity Market-Growth Potential Turkey s importance
More informationWind energy scenarios for 2020. A report by the European Wind Energy Association - July 2014. Wind energy scenarios for 2020
A report by the European Wind Energy Association - July 2014 1 WIND ENERGY SCENARIOS FOR 2020 Content Background...3 Reasons for the new scenarios...3 Proposed new scenarios...3 Text and analysis: Jacopo
More informationEnergy Systems Integration
Energy Systems Integration A Convergence of Ideas Ben Kroposki, Bobi Garrett, Stuart Macmillan, Brent Rice, and Connie Komomua National Renewable Energy Laboratory Mark O Malley University College Dublin
More informationGERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES
GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES DIRK VAHLAND / ENERGY MANAGEMENT OVERVIEW 1 German energy transition 2 Negative
More informationTechnical, environmental and financing parameters favour natural gas over coal
9 EXECUTIVE SUMMARY This report reviews gas and coal competition in the EU power sector. It looks at recent developments and analyses the key drivers determining the future dynamics of this competition:
More informationELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW
ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW February 2014 ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL The Energy Bill is the government s flagship energy policy. There have
More informationEurope s low carbon industries: A health check. October 2014
Europe s low carbon industries: A health check October 2014 Contents Executive summary 3 Introduction 7 Scope of this study 8 Methodology 9 1. Solar PV energy 11 2. Wind energy 15 3. Biofuels 19 4. Alternative
More informationERCOT Analysis of the Impacts of the Clean Power Plan Final Rule Update
ERCOT Analysis of the Impacts of the Clean Power Plan Final Rule Update ERCOT Public October 16, 2015 ERCOT Analysis of the Impacts of the Clean Power Plan Final Rule Update In August 2015, the U.S. Environmental
More informationLONG-TERM OUTLOOK FOR GAS TO 2 35
LONG-TERM OUTLOOK FOR GAS TO 2 35 Eurogas is the association representing the European gas wholesale, retail and distribution sectors. Founded in 1990, its members are some 50 companies and associations
More informationWind Turbine Manufacturing a case for consolidation
Wind Turbine Manufacturing a case for consolidation Industry overview and key trends Hamburg, November 2011 Five game-changing trends will trigger further cost out and re-shape the industry structure Overview
More information5O&M. new trends in onshore wind
5O&M new trends in onshore wind Five new trends in onshore wind O&M This report analyses trends in the way operations and maintenance (O&M) of European onshore wind farms is procured and undertaken. It
More informationABENGOA. Engineering & Construction: A World of Opportunities. Analyst & Investor Day. Manuel Valverde
Innovative Technology Solutions for Sustainability ABENGOA Engineering & Construction: A World of Opportunities Manuel Valverde Analyst & Investor Day May 2012 1 Forward-looking statements This presentation
More informationPress Release. FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive
Press Release 7 May 2013 FY 2012/13 Alstom achieves a solid commercial and operational performance and free cash flow turns positive Between 1 April 2012 and 31 March 2013, Alstom booked 23.8 billion of
More informationPure Power. Wind Energy Scenarios up to 2030. By the European Wind Energy Association
Pure Power Wind Energy Scenarios up to 23 By the European Wind Energy Association Text and analysis: Arthouros Zervos and Christian Kjaer Project Coordinator: Sarah Clifford Design: www.inextremis.be Pure
More information