12. FINANCING GEOTHERMAL PROJECTS

Size: px
Start display at page:

Download "12. FINANCING GEOTHERMAL PROJECTS"

Transcription

1 12. FINANCING GEOTHERMAL PROJECTS FINANCING GEOTHERMAL POWER, Hannah McCaughey, AgFe Copyright Download Workshop Proceedings at:

2 AgFe: Financing Geothermal Power Hannah McCaughey AgFe, London 1 Today s Presentation Introduction to AgFe AgFe and Geothermal Power Geoenergie Bayern GmbH Geothermal Developers Geothermal Power Projects in Germany Geothermal International options Why We Like Geothermal Why We Started in Germany Financing Geothermal Power Development Pre- and Post- Credit Crunch Opportunities and Challenges Conclusion A View on the Global Geothermal Market 2 Copyright

3 An Introduction to AgFe AgFe Group Limited ( AgFe ) is a London based structured finance company that specialises in financial asset management and advisory services: Established in September 2006 (well before the current banking crisis began) Senior team recruited from leading structured finance, leveraged finance, renewables and private equity institutions. The majority of team members have worked together for many s Key pillars of the business model are: A long term perspective on assets, businesses and profits rather than a trading perspective Strong structured finance, financial asset and financial institutions expertise Control and management of operational infrastructure, where appropriate, in order to enhance returns on assets Independent in order to access and/or manage multiple balance sheets and forms of capital The AgFe team has market leading expertise across multiple jurisdictions and asset classes Strong focus on infrastructure and renewables over last two s Currently working on some of the largest advisory mandates in Europe relating to strategy, negotiation, restructuring and work-out of securitisations and their underlying assets Regulated by the Financial Services Authority Independent of investment and commercial banks No legacy issues or conflicts of interest Zero debt a business model based on advisory and performance related fees only 3 AgFe and Geothermal AgFe set up Geoenergie Bayern ( GEB ) as a technology driven geothermal development company in October 2007 to capitalise on the geothermal opportunity in Europe as well as elsewhere internationally Specifically GEB was established in Germany in order to exploit: the general geothermal opportunities in Germany the specific opportunities relating to a portfolio of exploration licences the availability of high quality staff and partners GEB has a 30 million facility from BlueCrest one of the largest hedge funds in Europe, with over $14 billion of assets under management GEB has 11 full time staff with the full range of geothermal specialist skills including geologists, geophysicists, drilling engineers, civil engineers and low temperature power station specialists; this team combines decades of experience in leading geothermal projects in Germany 4 Copyright

4 GEB: Technology-led developer GEB is now one of the leading German geothermal engineering companies Leading edge technology GEB is utilising hydrocarbon quality analysis and data for geothermal exploration representing a new level of sophistication in geothermal development It has commissioned the first ever 3D seismic data generation in Bavaria for the geothermal exploration GEB is using the advanced the software package Petrel to process 2D and 3D seismic and build reservoir models suitable for simulation and create well design development strategies to maximise reservoir exploitation The model visualises geological structures (faults), stratigraphy (layering), petrophysical properties (porosity/permeability 5 GEB: Investing for the long term Local Expertise and a Long Term View GEB is structured around a long term commitment to geothermal power development in Germany and in Europe The GEB staff combine decades of experience in German geothermal with international drilling expertise; outsourcing limited to non-core activities GEB carries out extensive and detailed preplanning/evaluation prior to project initiation GEB invests in its strong, on-going relationships with all levels of government for planning and policy purpose as well as engages with industry/renewable policy bodies to promote the profile of geothermal 6 Copyright

5 GEB: Focused on low risk drilling GEB is highly focused on low risk drilling, using proven design and practice The Chief Drilling Engineer was 8 s at Schlumberger with experience of drilling wells up to 6500m and directional drilling of horizontal wells to 4400m TMC, 3500 TVD GEB has emphasised in-house operational and engineering control of drilling, as well as company controlled procurement program and safety procedures - this ensures there are no gaps in the service/supply/knowledge chain The rig and its crew have established experience and success in drilling geothermal wells in Germany; well design is geothermal specific in order to maximise mass flow 7 GEB: Current Licence Areas GEB has five geothermal licences in Bavaria (Utting, Waging, Amerang, Laufen, Kirchweichdach); and is in discussion with several industrial parties on development of four other licence area by joint venture 8 Copyright

6 GEB: Projects Utting Power station of greater than 8 MW e of power Drill two production wells and two reinjection wells Expected length of each wells is estimated to be between 3700m-3900m Temperature of the thermal water is expected to be between 113 o C and 120 o C Well productivity target of over 10 litre per second per bar Provision of a local district heating will be considered Total project cost of between million Finning Average length of wells 3795m (TVD 2700m) Expected temperature of thermal water 108 o C o C Open hole 11" - 12" Rig requirement: tonnes Wet or hybrid claim cooling Site allocation in industrial zone with water supplied Kirchweidach Expected temperature 128 o C-140 o C Average length of wells 4313m (TVD to aquifer 3300m) Rig requirement: 350 tonne Wet (or hybrid) cooling tower Planned district heating for local town of Kirchweidach Site agreed in industrial zone for renewable energy Open hole 10 Hungary and other international options GEB is in the process of obtaining 5-10 geothermal licences in Hungary and is cooperating with MOL with a view to develop geothermal projects in 2010 There are a number of other jurisdiction which GEB is discussion to in develop projects, including UAE and Slovakia AgFe is looking at investing in developers in other jurisdiction including the USA Australia Turkey 9 Why AgFe Likes Geothermal Infrastructure Infrastructure income streams are long-term, predictable, and guaranteed/legislated by government Infrastructure tends to have a low correlation to most other asset classes due to consistent demand throughout the economic cycle As infrastructure demand tends to be found in sectors with high barriers to entry, infrastructure assets tend to enjoy a sustainable competitive advantage Energy infrastructure Demand for energy and power is rapidly increasing and is essential to continued economic growth The International Energy Agency has predicted that global energy demand will increase 45% from now to 2030 Green Energy Infrastructure Climate change and energy security are now global concerns and are real drivers for the transition to the low emission electricity Even without further policy support, renewable energy is predicted to displace gas to become the second largest global producer of electrical energy by 2015 (IEA) Geothermal Baseload Green Energy and a Global Market Produces baseload power independent of season and other weather effects A strong operating track record A wide range of applications and is valuable for both electricity generation and direct heat use Advances in data, drilling and technology creating increasingly accessible and economic resources around the world 10 Copyright

7 Why we like German Geothermal Compelling, 20 guaranteed tariff There are geothermal specific tariff under the Renewable Energy Act From 1 January 2009, the geothermal feed-in tariff will be 0.16 per KwH up to total 10MW output and thereafter (guaranteed for 21 s) In addition, a 0.04 early investor bonus will apply to all projects entering production prior to 2015 For projects delivering 20% or more of thermal output into district heating systems an additional 0.03c bonus Guaranteed Grid Connection Grid providers are obligated to connect renewable energy plant to their grid immediately and in priority This also applies if the grid needs to be extended (if that involves a reasonable expense) Guaranteed electricity purchase Grid providers have to purchase all of the generated electricity in priority to other electricity generators The Geothermal Resource The Bavarian Malm is one of the most important geothermal energy reservoirs in Europe (Report to the select committee of German parliament) Highly productive limestone aquifer with significant karstification and reef facies; thermal water composition is close to fresh water 11 Financing Geothermal Pre-Credit Crunch Renewable related investment enjoyed boom with cheap capital, high oil prices, public concern on climate change Investors more willing to take technology risk; infrastructure funds more willing to take more construction risk; hedge funds looking for long term stable assets Post Credit Crunch Debt market severely disrupted fewer bank lenders in the market, debt is more expensive, lower leverage per project Major financing requirements for on-going projects a challenge in the new market conditions Lack of transparency market does not necessarily mean there is no money however financial sophistication will be required The next Quality projects with a strong story Industrial partners and government support are important Financial sophistication will be a distinguishing feature Challenges Government support cash and non-cash Technology risk Strength of the geothermal industry 12 Copyright

8 A View on the Geothermal Market Geothermal is a growing global market: geothermal technologies are forecast to produce 180 TWh of electricity by 2030 It has been the neglected relation of the renewable markets Its baseload power and competitive levelised cost of electricity is likely to mean that it will strongly welcomed to the renewable market family by policy makers and investors alike However, high upfront capital costs, drilling risk and technology risk means sophisticated financing and significant committed capital is required This is where government policy both cash and non-cash will be critical In the US, Australia and even Germany, there are critical pieces missing in the regulatory policy which could result in a geothermal boom in many instances, these could be implemented without significant capital implications for government The geothermal industry needs to have its voice heard, like wind and solar, to become a major player in the low carbon economy AgFe is committed to growing its investment in the geothermal sector and believes the geothermal space is a compelling niche market 13 Contact Details Hannah McCaughey Hannah.mccaughey@agfe.com Phone: (+44)(0) Copyright

Deep geothermal energy Kirchweidach

Deep geothermal energy Kirchweidach Deep geothermal energy Kirchweidach client Kirchweidacher Energie GmbH country Germany, Bavaria period 04/2011- Type of project Deep geothermal energy Project description In the municipality of Kirchweidach

More information

Research and Reports Infra Deals - Infrastructure Data & Research. The new opportunity in German geothermal

Research and Reports Infra Deals - Infrastructure Data & Research. The new opportunity in German geothermal www.infra-deals.com 17-Feb-2017 For Michael Dunning at Inframation Group The new opportunity in German geothermal Klaus Bader and Christian Bauer 16 Feb 2017 Norton Rose Fulbright's Head of Energy for

More information

Levelling the Playing Field for Nuclear Make or Break

Levelling the Playing Field for Nuclear Make or Break Presentation 14 Session 4 Levelling the Playing Field for Nuclear Make or Break Dr Ron Cameron Nuclear Consultant and former Head of Nuclear Development at the OECD Biography Dr Ron Cameron has an in-depth

More information

ENERGY MANAGEMENT CLIENT SERVICES

ENERGY MANAGEMENT CLIENT SERVICES ENERGY MANAGEMENT CLIENT SERVICES C O N T E N T S CEO S WELCOME 03 INTRODUCTION 04 SERVICES 06 VALUE ADDED 10 TESTIMONIALS 11 CASE STUDIES 12 CONTACT 16 02 CEO S WELCOME Welcome to Krypton Energy. I am

More information

A Case Study of Wind Power

A Case Study of Wind Power How Trade in Renewable Energy Technologies Takes Place: Barriers and Opportunities to Increasing Deployment in Developing Countries A Case Study of Wind Power Jim Hight Project Manager, Environmental Business

More information

The Low Carbon Transition in Europe: Perspectives from an Infrastructure Investor

The Low Carbon Transition in Europe: Perspectives from an Infrastructure Investor The Low Carbon Transition in Europe: Perspectives from an Infrastructure Investor September 2017 Meridiam at a glance A leading developer, investor and asset manager specializing in greenfield infrastructure

More information

Some highlights of the Victoria study include: A large untapped resource: The modelling results show strong growth in

Some highlights of the Victoria study include: A large untapped resource: The modelling results show strong growth in Victoria has enough clean energy potential to power homes remove pollution equivalent to cars create 1,500,000 1,600,000 6,500 new jobs Australia is in the early stages of a clean energy boom, with tens

More information

Renewable energy in Europe. E-turn 21 workshop Cologne, 10 May 2006

Renewable energy in Europe. E-turn 21 workshop Cologne, 10 May 2006 Renewable energy in Europe E-turn 21 workshop Cologne, 10 May 2006 Content 1. Introduction to Essent 2. EU policy 3. Support for renewable energy 4. Success factors 5. Outlook and recommendations Content

More information

ADB Support for Solar Power In India

ADB Support for Solar Power In India ADB Support for Solar Power In India Don Purka, Sr. Investment Specialist Private Sector Operations Department Clean Energy Expo Asia Singapore, November 2010 ADB Windows of Operations 1. Sovereign operations

More information

Accelerate Your Energy Strategy WITH POWER PURCHASE AGREEMENTS

Accelerate Your Energy Strategy WITH POWER PURCHASE AGREEMENTS Accelerate Your Energy Strategy WITH POWER PURCHASE AGREEMENTS There is a paradigm shift underway in renewable energy. After generations of renewables being more expensive than fossil fuel-based electricity,

More information

Energy. Sustainable. Profitable. ENERGY SERVICES

Energy. Sustainable. Profitable. ENERGY SERVICES Energy. Sustainable. Profitable. ENERGY SERVICES 3.6 Billion 2017 Sales (in EUR) 7,600 installed capacity in MW around the world 6,500 employees In 80 Years Around the World: a Success Story STEAG is one

More information

Clean Energy Development in Sri Lanka

Clean Energy Development in Sri Lanka Policy Dialog on Energy for Sustainable Development in Asia and Pacific 17-19 December 2013, Bangkok Clean Energy Development in Sri Lanka M.M.C. Ferdinando Secretary, Ministry of Power and Energy Contents

More information

Geothermal Energy in the Munich Metropolitan Area Dr. Erwin Knapek and Dr. Christian Pletl

Geothermal Energy in the Munich Metropolitan Area Dr. Erwin Knapek and Dr. Christian Pletl Geothermal Energy in the Munich Metropolitan Area Dr. Erwin Knapek and Dr. Christian Pletl Workshop GeoDH Offenburg 2014 02 20 Motivation: Basic living standards According to article 83 of the Bavarian

More information

Financing Small Hydro Projects (SHP): The Challenges and the Opportunities

Financing Small Hydro Projects (SHP): The Challenges and the Opportunities Financing Small Hydro Projects (SHP): The Challenges and the Opportunities Presented by: Mark Matousek Founder & Vice Chairman ORENCO Hydropower Presented at: NWHA Small Hydro Workshop 2011 September Clean

More information

TAKING ENERGY FORWARD enabling a world powered by reliable and affordable solar electricity.

TAKING ENERGY FORWARD enabling a world powered by reliable and affordable solar electricity. TAKING ENERGY FORWARD enabling a world powered by reliable and affordable solar electricity. First Solar Overview PV a Solution to Contemporary Energy Problems The Role of Utility-Scale PV Copyright 2013,

More information

Low enthalpy power generation with ORC- Turbogenerator The Altheim Project, Upper Austria

Low enthalpy power generation with ORC- Turbogenerator The Altheim Project, Upper Austria Under the auspice of: Division of Earth Sciences Chapter 3.5 Low enthalpy power generation with ORC- Turbogenerator The Altheim Project, Upper Austria Thermie contract number GE-0070-96/A-I-F-D Gerhard

More information

Michael Thorpe Managing Director Infrastructure and Utilities

Michael Thorpe Managing Director Infrastructure and Utilities Michael Thorpe Managing Director Infrastructure and Utilities INTRODUCTION RENEWABLES IN THE UK RENEWABLES / GAS GENERATION IN THE US OPTIMISING THE OUTCOME Introduction Coming together is a beginning;

More information

RE Project Development, Risk Analysis and Financing

RE Project Development, Risk Analysis and Financing RE Project Development, Risk Analysis and Financing LEARNING OBJECTIVES Learn what are the challenges and trend in RE Project Development in the Philippine environment; who are the RE project stakeholders,

More information

Corality Academy Financial Modelling for Renewable Energy Projects. 3 day duration

Corality Academy Financial Modelling for Renewable Energy Projects. 3 day duration Corality Academy Financial Modelling for Renewable Energy Projects 3 day duration Company overview About Mazars Global Infrastructure Finance For project developers, investors and financiers in the infrastructure

More information

Investing in Alberta s Clean Energy Future A Framework. The Plan

Investing in Alberta s Clean Energy Future A Framework. The Plan The Plan What follows is an achievable plan to significantly reduce greenhouse gas (GHG) emissions from the electricity sector in Alberta. The plan enables a step change that will reduce emissions from

More information

PROJECT DEVELOPMENT. Spain India UK Egypt UAE

PROJECT DEVELOPMENT. Spain India UK Egypt UAE IPP & PROJECT DEVELOPMENT P.O.Box 301, Riyadh-11411, Kingdom of Saudi Arabia T: +966 92 000 6111 Ext.4003 / 4915 F: +966 11 275 2839 E: ae@alfanar.com www.alfanar.com Spain India UK Egypt UAE ALFANAR ENERGY

More information

ESB Novus Modus Investment Fund. Novus Modus

ESB Novus Modus Investment Fund. Novus Modus ESB Investment Fund 1 ESB Strategic Framework to 2020 New era for energy sector and ESB Ireland s leading renewable company with carbon commitment to net zero Continued focus on Networks, domestic Generation

More information

FINANCIAL CLOSE OF TARALGA WIND FARM

FINANCIAL CLOSE OF TARALGA WIND FARM ASX ANNOUNCEMENT FINANCIAL CLOSE OF TARALGA WIND FARM TOTAL DEBT $175,000,000 FEDERAL GOVERNMENT S CLEAN ENERGY FINANCE CORPORATION TO PROVIDE $37.5M CO-LENDERS ANZ & EKF CBD Energy Limited (CBD) is pleased

More information

GENERATING A NEW RENEWABLE WAVE

GENERATING A NEW RENEWABLE WAVE GENERATING A NEW RENEWABLE WAVE Renewable energy is essential to Australia s future prosperity in a world focused on reducing carbon emissions. Australia needs an estimated $100 billion investment between

More information

Renewable & Alternative Energy Resources: What s the difference? 2

Renewable & Alternative Energy Resources: What s the difference? 2 The Development of Renewable & Alternative Energy Resources: The Role of the Commissioner Jeff Davis Commissioner Missouri Public Service Commission 1 Renewable & Alternative Energy Resources: What s the

More information

For personal use only. Geodynamics: Power from the Earth. Three Tickers, Twenty Minutes. Geoff Ward CEO and Managing Director Sydney, June 2013

For personal use only. Geodynamics: Power from the Earth. Three Tickers, Twenty Minutes. Geoff Ward CEO and Managing Director Sydney, June 2013 Geodynamics: Power from the Earth Three Tickers, Twenty Minutes Geoff Ward CEO and Managing Director Sydney, June 2013 IMPORTANT INFORMATION Disclaimer Any forward looking information in this presentation

More information

Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society

Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Investment Research Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Gary Buesser, CFA, Director, Research Analyst Alistair Godrich, CFA, Vice President, Research Analyst

More information

ORIGIN ENERGY DELIVERING ON COMMITMENTS. Grant King, Managing Director. Macquarie Australia Conference 4-6 May 2016

ORIGIN ENERGY DELIVERING ON COMMITMENTS. Grant King, Managing Director. Macquarie Australia Conference 4-6 May 2016 ORIGIN ENERGY DELIVERING ON COMMITMENTS Grant King, Managing Director Macquarie Australia Conference 4-6 May 2016 Important Notices Forward looking statements This presentation contains forward looking

More information

Overcoming challenges efficiently & sustainably. Renewables PRECISE. PROVEN. PERFORMANCE.

Overcoming challenges efficiently & sustainably. Renewables PRECISE. PROVEN. PERFORMANCE. Overcoming challenges efficiently & sustainably Renewables PRECISE. PROVEN. PERFORMANCE. Maximise your global impact With pressures including the need to reduce carbon emissions through more efficient

More information

M&A Renewables Activity in Chile

M&A Renewables Activity in Chile September 11, 2013 M&A Renewables Activity in Chile Allan T. Marks Partner Milbank, Tweed, Hadley & McCloy LLP Chilean International Renewable Energy Congress Santiago, Chile Overview Chile in Context

More information

HLB MANN JUDD AN INTEGRATED ACCOUNTING & ADVISORY FIRM

HLB MANN JUDD AN INTEGRATED ACCOUNTING & ADVISORY FIRM HLB MANN JUDD AN INTEGRATED ACCOUNTING & ADVISORY FIRM HLB MANN JUDD WAS FORMED IN 1970 OUR BEST PRACTICE: THE HLB WAY... A STANDARD OF EXCELLENCE LEVEL 19, 207 KENT STREET, SYDNEY FORWARD- THINKING BIG

More information

A World Bank Group solution to rapidly expand private investment in utility-scale solar PV

A World Bank Group solution to rapidly expand private investment in utility-scale solar PV A World Bank Group solution to rapidly expand private investment in utility-scale solar PV Rome Italy October 28, 2016 Stratos Tavoulareas Senior Energy Advisor Solar power generation has reached a tipping

More information

Geothermal Hot Water Supply of Saburtalo District in Tbilisi, Georgia

Geothermal Hot Water Supply of Saburtalo District in Tbilisi, Georgia Geothermal Hot Water Supply of Saburtalo District in Tbilisi, Georgia 1. Project brief The project proposal Geothermal hot water supply of Saburtalo district in Tbilisi, Georgia has been developed in order

More information

V MW

V MW To realise the best possible return on customers investment, an effective operations and maintenance strategy is just as important as reliable wind turbines. The AOM 5 premium service concept is applied

More information

LOW-ENTHALPY POWER GENERATION WITH ORC-TURBOGENERATOR THE ALTHEIM PROJECT, UPPER AUSTRIA

LOW-ENTHALPY POWER GENERATION WITH ORC-TURBOGENERATOR THE ALTHEIM PROJECT, UPPER AUSTRIA LOW-ENTHALPY POWER GENERATION WITH ORC-TURBOGENERATOR THE ALTHEIM PROJECT, UPPER AUSTRIA Gerhard Pernecker, Marktgemeindeamt A-4950 Altheim, Upper Austria Stephan Uhlig, Geotec Consult, D- 85570 Markt

More information

OVERVIEW GEOTHERMAL REGULATIONS IN EU- 27 MEMBER STATES

OVERVIEW GEOTHERMAL REGULATIONS IN EU- 27 MEMBER STATES EGEC EUROPEAN GEOTHERMAL ENERGY COUNCIL OVERVIEW GEOTHERMAL REGULATIONS IN EU- 27 MEMBER STATES Deliverable D 14 1 1. European Perspective: 2. The RES-directive gives a clear definition of the geothermal

More information

Analysing how. Kenya. instituted its REFIT and investigating future solar plans. By Eng. David Mwangi Energy Consultant. Kenya

Analysing how. Kenya. instituted its REFIT and investigating future solar plans. By Eng. David Mwangi Energy Consultant. Kenya Analysing how Kenya instituted its REFIT and investigating future solar plans By Eng. David Mwangi Energy Consultant Kenya Presentation Outline REFIT policy background RE Feed-in Tariffs and policy Current

More information

The impacts of nuclear energy and renewables on network costs. Ron Cameron OECD Nuclear Energy Agency

The impacts of nuclear energy and renewables on network costs. Ron Cameron OECD Nuclear Energy Agency The impacts of nuclear energy and renewables on network costs Ron Cameron OECD Nuclear Energy Agency Energy Mix A country s energy mix depends on both resources and policies The need for energy depends

More information

Image Itron Total Outcomes

Image Itron Total Outcomes Image Itron Total Outcomes Simple. Flexible. Scalable. Affordable. AN EVOLVING LANDSCAPE In a dynamic industry with rapidly evolving technologies and business models, the ability to be agile and make decisions

More information

Powering the future of healthcare

Powering the future of healthcare Powering the future of healthcare How better energy procurement and new energy technologies can help the NHS reduce costs, build resilience and cut carbon 04 December 2018 He was so learned, he could name

More information

SUMMARY OF OPERATION EVALUATION. A wind farm. November 2013 EBRD EVALUATION DEPARTMENT

SUMMARY OF OPERATION EVALUATION. A wind farm. November 2013 EBRD EVALUATION DEPARTMENT SUMMARY OF OPERATION EVALUATION A wind farm November 2013 EBRD EVALUATION DEPARTMENT The Evaluation Department (EvD) at the EBRD evaluates the performance of the Bank s completed projects and programmes

More information

Efficiency Plus Energy efficiency in practice

Efficiency Plus Energy efficiency in practice Efficiency Plus Energy efficiency in practice Heating systems Industrial systems Refrigeration systems Steps to increase efficiency Efficient use of energy for greater competitiveness 4 Significance of

More information

Grid-Connected Renewable Energy

Grid-Connected Renewable Energy Grid-Connected Renewable Energy Pam Baldinger Energy Team Office of Infrastructure and Engineering U.S. Agency for International Development Infrastructure Training Course December 2009 1a Why Should We

More information

Investing in clean energy: More mines than field. ESWG Workshop. Tony Wood Grattan Institute Sydney, 28 May 2014

Investing in clean energy: More mines than field. ESWG Workshop. Tony Wood Grattan Institute Sydney, 28 May 2014 Investing in clean energy: More mines than field ESWG Workshop Tony Wood Grattan Institute Sydney, 28 May 2014 Outline Clean (low-emission) energy investment shares the same challenges as all new technologies,

More information

THE EMERGING FRANCHISE BRAND S ROADMAP TO SUCCESS

THE EMERGING FRANCHISE BRAND S ROADMAP TO SUCCESS THE EMERGING FRANCHISE BRAND S ROADMAP TO SUCCESS Introduction We ve all heard the failure rate for new business concepts. As much as 50 percent of new businesses fail within their five years of operation,

More information

RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers.

RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers. RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers. AGED CARE SERVICES Designed with you in mind. AGED CARE SERVICES As a client of RSM, you benefit from

More information

TABLE OF CONTENTS 6 RENEWABLES 2017

TABLE OF CONTENTS 6 RENEWABLES 2017 TABLE OF CONTENTS Executive summary... 13 1. Recent renewable energy deployment trends... 17 Highlights... 17 Electricity... 18 Technology deployment summary... 18 Regional deployment summary... 20 Transport...

More information

Meridian Energy Investor Presentation

Meridian Energy Investor Presentation Meridian Energy Investor Presentation 5 November 2018 Attached is a presentation Meridian Energy Limited is making at a series of investor meetings during November 2018. ENDS Neal Barclay Chief Executive

More information

Large-scale rollout of Concentrating Solar Power in South Africa

Large-scale rollout of Concentrating Solar Power in South Africa Large-scale rollout of Concentrating Solar Power in South Africa Max Edkins Climate Strategies Side Event Bonn 5 June 2009 Energy Research Centre University of Cape Town 1 ERC South Africa s LTMS Peak

More information

Renewable energy - a sustainable energy supply solution

Renewable energy - a sustainable energy supply solution Renewable Energies Renewable energy - a sustainable energy supply solution The future energy supply of mankind is characterised by an increasing energy demand of a growing population, the limitation of

More information

Supplier Opportunities. Transformation. Amidst the Global Energy

Supplier Opportunities. Transformation. Amidst the Global Energy Supplier Opportunities Amidst the Global Energy Transformation Brandon Owens, GE Energy Consulting May 1, 2018 RENEWABLE ENERGY AND SMART GRID SUPPLIERS FORUM Emerging Market Opportunities for U.S. Firms

More information

PHOTOVOLTAIC POWER SYSTEMS PROGRAMME

PHOTOVOLTAIC POWER SYSTEMS PROGRAMME Introduction to IEA, and some recent results Greg Watt Operating Agent, Task 1, IEA Programme OUTLINE.. The IEA, & the IEA Programme IEA Task 1, & our key activities Some of our recent analyses & results.

More information

Energy Efficiency in Public Buildings through Energy Services The example of Germany

Energy Efficiency in Public Buildings through Energy Services The example of Germany through Energy Services The example of Germany Michael Geissler CEO Berlin Energy Agency Odessa, 1 June 2016 Contents Berliner Energieagentur (BEA) Energy Efficiency in Public Buildings Energy Services

More information

New Renewable Energy Supporting Mechanism in Turkey: All Consumers Going Green!

New Renewable Energy Supporting Mechanism in Turkey: All Consumers Going Green! New Renewable Energy Supporting Mechanism in Turkey: All Consumers Going Green! Fatih Kölmek*1 Energy Expert, Energy Market Regulatory Authority of Turkey (EMRA) Turkey has one of the fastest growing economies

More information

JLL Energy & Infrastructure Advisory. Corporate PPAs: The Devil s In The Detail

JLL Energy & Infrastructure Advisory. Corporate PPAs: The Devil s In The Detail JLL Energy & Infrastructure Advisory Corporate PPAs: The Devil s In The Detail Description A volatile energy market and fluctuating wholesale power prices make the planning of future energy expenditure

More information

AMBITION TO LEAD THE ZERO CARBON TRANSITION

AMBITION TO LEAD THE ZERO CARBON TRANSITION Press release 28 February 2019 ENGIE Capital Markets Day AMBITION TO LEAD THE ZERO CARBON TRANSITION FOCUSED STRATEGY TARGETING CORPORATES AND LOCAL GOVERNMENTS SELECTIVE INVESTMENTS TO DRIVE ACCELERATED

More information

Eleni Despotou/Pieterjan Vanbuggenhout European Phtotovoltaic Industry Association. Financing PV technology

Eleni Despotou/Pieterjan Vanbuggenhout European Phtotovoltaic Industry Association. Financing PV technology Eleni Despotou/Pieterjan Vanbuggenhout European Phtotovoltaic Industry Association Financing PV technology Brussels, 20 June 2011 Outline Photovoltaics: state-of-the art The Solar Europe Industry Initiative

More information

RENEWABLE ENERGY CLIENT SERVICES

RENEWABLE ENERGY CLIENT SERVICES RENEWABLE ENERGY CLIENT SERVICES C O N T E N T S CEO S WELCOME 03 INTRODUCTION 04 SERVICES 06 VALUE ADDED 10 TESTIMONIALS 11 CASE STUDIES 12 CONTACT 16 02 CEO S WELCOME Welcome to Krypton Energy. I am

More information

PRICE FORECASTS FOR POWER AND CERTIFICATE MARKETS

PRICE FORECASTS FOR POWER AND CERTIFICATE MARKETS PRICE FORECASTS FOR POWER AND CERTIFICATE MARKETS FEBRUARY 2015 EDITION THEMA offers long term price forecasts for the Nordic and German power markets as well as the market for electricity certificates

More information

Auf in neue Märkte! Exportinitiative Energie Biogas in future energy systems Example Germany Dr. Stefan Rauh, 21. November 2017, Warschau

Auf in neue Märkte! Exportinitiative Energie Biogas in future energy systems Example Germany Dr. Stefan Rauh, 21. November 2017, Warschau Auf in neue Märkte! Exportinitiative Energie Biogas in future energy systems Example Germany Dr. Stefan Rauh, 21. November 2017, Warschau Main topics German Biogas Association Status Quo: Biogas in Germany

More information

G EA. Green Energy Alliance of Alberta

G EA. Green Energy Alliance of Alberta 1 G EA Green Energy Alliance of Alberta September 29, 2015 RE: Climate Change Panel Submission Dear Climate Change Advisory Panel: Please find attached some ideas and recommendations for your consideration

More information

Company Update. 13 June Environmental Outcomes FY18 (year to date)* Highlights

Company Update. 13 June Environmental Outcomes FY18 (year to date)* Highlights 13 June 2018 Highlights Company Update ReNu Energy is delivering on its previously announced FY18 strategic goals, achieving key operational and commercial milestones: Retailer Authorisation awarded by

More information

South African Renewables Initiative. Unlocking South Africa s Green Growth Potential. Update

South African Renewables Initiative. Unlocking South Africa s Green Growth Potential. Update South African Renewables Initiative Unlocking South Africa s Green Growth Potential Update Update December briefing 2010 June 2010 Renewables can drive South Africa s green growth Electricity demand >>>g

More information

Community Choice and Renewable Energy

Community Choice and Renewable Energy Community Choice and Renewable Energy Gerry Braun Renewable Energy Team Lead California Energy Commission August 23, 2007 Outline Introduction Renewable Energy Options and Costs CCA Opportunities Conclusions

More information

L A Z A R D ' S L E V E L I Z E D C O S T O F E N E R G Y A N A L Y S I S V E R S I O N 7. 0

L A Z A R D ' S L E V E L I Z E D C O S T O F E N E R G Y A N A L Y S I S V E R S I O N 7. 0 C O N F I D E N T I A L A U G U S T 2 0 1 3 L A Z A R D ' S L E V E L I Z E D C O S T O F E N E R G Y A N A L Y S I S V E R S I O N 7. 0 Introduction Lazard s Levelized Cost of Energy Analysis ( LCOE )

More information

Renewable Energy Sources Act. Progress Report 2007

Renewable Energy Sources Act. Progress Report 2007 Renewable Energy Sources Act Progress Report 2007 pursuant to Article 20 of the Act - Draft prepared by the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) Summary 5.7.2007

More information

DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA

DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA Innovate consultation paper Government of South Australia 2 DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA INTRODUCTION The transition

More information

DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA

DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA Innovate consultation paper Government of South Australia 2 DEVELOPING A NEW CLIMATE CHANGE STRATEGY FOR SOUTH AUSTRALIA INTRODUCTION The transition

More information

CleanTech Sector: A Global Overview

CleanTech Sector: A Global Overview CleanTech Sector: A Global Overview John O Brien, Australian CleanTech July 2011 Originally published in Top Capital www.topcapital.com.cn. Republished with permission The global cleantech sector has grown

More information

Renewable electricity: Non-OECD Summary OECD Americas OECD Asia Oceania OECD Europe References...

Renewable electricity: Non-OECD Summary OECD Americas OECD Asia Oceania OECD Europe References... TABLE OF CONTENTS Foreword... 3 Acknowledgements... 4 Executive summary... 13 The role of renewables in the energy mix continued to expand in 2013... 13 Strong market drivers, but increased risks for renewable

More information

OPERATING ENVIRONMENT

OPERATING ENVIRONMENT As a consequence of access to and reliance on cheap fossil fuels, Australia is a late starter in the transition to cleaner energy. Diversifying Australia s sources of energy and harnessing abundant renewable

More information

The Challenges and Opportunities of Sustainable Energy Finance. Eric Usher Energy Programme Officer UN Environment Programme

The Challenges and Opportunities of Sustainable Energy Finance. Eric Usher Energy Programme Officer UN Environment Programme The Challenges and Opportunities of Sustainable Energy Finance Eric Usher Energy Programme Officer UN Environment Programme 1 Energy investment presents both a challenge and an opportunity to financial

More information

Geothermal Heat of the Bavarian Molasse Basin (Germany) for District Heating and Power Supply

Geothermal Heat of the Bavarian Molasse Basin (Germany) for District Heating and Power Supply Geothermal Heat of the Bavarian Molasse Basin (Germany) for District Heating and Power Supply With thanks to the Erdwerk Team and special thanks to Dr. Achim Schubert, Dr. Klaus Dorsch and David Lentsch

More information

A powerful reservoir management solution for our times

A powerful reservoir management solution for our times I OIL AND GAS I TECHNOLOGY I The 3D model is becoming the default platform for analysis and decision making A powerful reservoir management solution for our times What do you know about your reservoirs?

More information

Geothermal Heat Pumps and Direct Use

Geothermal Heat Pumps and Direct Use Residential, Commercial, Industrial, and Agricultural Applications for Geothermal Direct Energy: Market Analysis and ForecastsA Geothermal heat pumps and the direct utilization of geothermal resources

More information

DTEK Group: business description

DTEK Group: business description DTEK Group: business description DTEK CEO BRIEFING IN WASHINGTON DC 28 FEBRUARY 1 MARCH 2018 Energy in action DTEK GROUP OVERVIEW DTEK ENERGY DTEK RENEWABLES DTEK OIL&GAS SCM Group overview SCM System

More information

Comparison of the Incentive Systems of the World s leading PV Markets Conclusions and Consequences

Comparison of the Incentive Systems of the World s leading PV Markets Conclusions and Consequences 5 th Germany California Solar Day, June 16 th, 2009 Comparison of the Incentive Systems of the World s leading PV Markets Conclusions and Consequences Gerhard Stryi-Hipp Head Energy Policy Fraunhofer Institut

More information

18th European Conference on Power Electronics and Applications, Karlsruhe, Jochen Kreusel Energy challenges

18th European Conference on Power Electronics and Applications, Karlsruhe, Jochen Kreusel Energy challenges 18th European Conference on Power Electronics and Applications, Karlsruhe, 2016-09-08 Jochen Kreusel Energy challenges 2016-09-08 1 EPE2016_JKreusel_20160908.pptx PG-TM Future power systems The environment

More information

Hydropower for the green economy: a new approach to capacity building and sustainable resource development

Hydropower for the green economy: a new approach to capacity building and sustainable resource development Hydropower for the green economy: a new approach to capacity building and sustainable resource development International Hydropower Association Type of tool: assessment tool Issue: watersheds, industry

More information

RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers.

RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers. RSM gives me insightful perspectives on the opportunities and challenges facing aged care providers. AGED CARE SERVICES Designed with you in mind. AGED CARE SERVICES As a client of RSM, you benefit from

More information

Impacts of Grid Regulation Policies in the United States Renewable Energy Market

Impacts of Grid Regulation Policies in the United States Renewable Energy Market Impacts of Grid Regulation Policies in the United States Renewable Energy Market Victoria Healey, Project Leader ECOWAS Renewable Energy Investment Forum 09 Oct 2013 NREL is a national laboratory of the

More information

Understanding bankability requirements for geothermal power projects with the IRENA Project Navigator

Understanding bankability requirements for geothermal power projects with the IRENA Project Navigator #ProjectNavigator Understanding bankability requirements for geothermal power projects with the IRENA Project Navigator Simon Benmarraze, IRENA sbenmarraze@irena.org Workshop Unlocking Geothermal Investments

More information

Automated Solar Cell Production Project

Automated Solar Cell Production Project Serial No. JIM-274 Sector: Energy and Utilities Automated Solar Cell Production Project Project Value: JoD0M Location: Amman, Zarqa, Mafraq Demand for solar cells is being stimulated by systems integrators

More information

Advanced Power Plant Flexibility

Advanced Power Plant Flexibility Advanced Power Plant Flexibility Carlos Fernández Alvarez Senior Coal Analyst Clean Coal Day in Japan - Tokyo, 11 September 2018 IEA Share of electriicty Climate policy strongly accelerates the historical

More information

Energy Efficiency Renewable Policy Alignment Coordinating Policy to Optimize Energy Savings

Energy Efficiency Renewable Policy Alignment Coordinating Policy to Optimize Energy Savings Energy Efficiency Renewable Policy Alignment Coordinating Policy to Optimize Energy Savings Louise Vickery, Energy Efficiency Renewable Energy Alignment, IEA CAA EED Plenary October 20 th 2017 IEA Efficiency

More information

energy [r]evolution A SUSTAINABLE USA ENERGY OUTLOOK Executive Summary

energy [r]evolution A SUSTAINABLE USA ENERGY OUTLOOK Executive Summary energy [r]evolution A SUSTAINABLE USA ENERGY OUTLOOK Executive Summary report 3 rd edition 2014 USA energy scenario May 2014 Energy [R]evolution: A Sustainable USA Energy Outlook Executive Summary May

More information

Deep Geothermal Prospects in Ireland and the UK Padraig Hanly

Deep Geothermal Prospects in Ireland and the UK Padraig Hanly Deep Geothermal Prospects in Ireland and the UK Padraig Hanly About GT Energy Founded in 2007 to explore and develop deep geothermal energy projects in the UK and Ireland GT Energy is a leading developer

More information

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency

Medium Term Renewable Energy Market Report Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency Medium Term Renewable Energy Market Report 13 Michael Waldron Senior Energy Market Analyst Renewable Energy Division International Energy Agency OECD/IEA 13 Methodology and Scope OECD/IEA 13 Analysis of

More information

California s Approach to Designing a Feed-in Tariff. Sara Kamins California Public Utilities Commission June 19, 2014

California s Approach to Designing a Feed-in Tariff. Sara Kamins California Public Utilities Commission June 19, 2014 California s Approach to Designing a Feed-in Tariff 1 Sara Kamins California Public Utilities Commission June 19, 2014 California Public Utilities Commission: About Us Regulates privately owned electric,

More information

DOE Solar Energy Technologies Program Accelerating the U.S. Solar Industry

DOE Solar Energy Technologies Program Accelerating the U.S. Solar Industry Solar Energy Technologies Program DOE Solar Energy Technologies Program Accelerating the U.S. Solar Industry Southeast Solar Market Update National Conference of State Legislatures Southeast Solar Energy

More information

General overview for investors in Hungary s energy market

General overview for investors in Hungary s energy market General overview for investors in Hungary s energy market WHY INVEST IN THE HUNGARIAN GREEN INDUSTRY? Competitive investment environment Competitive energy prices Favorable implementation costs Government

More information

Published on Market Research Reports Inc. (https://www.marketresearchreports.com)

Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Published on Market Research Reports Inc. (https://www.marketresearchreports.com) Home > Biopower in Italy, Market Outlook to 2025, Update 2015 - Capacity, Generation, Levelized Cost of Energy (LCOE),

More information

The Future of Feed-in Tariffs

The Future of Feed-in Tariffs The Future of Feed-in Tariffs Clean Energy Solutions Center Webinar Toby D. Couture Berlin, Germany June 10 2014 Outline Part I: What are FITs? Part II: Are FITs on the decline? Part III: FITs & RE Finance

More information

SMART POWER GENERATION

SMART POWER GENERATION SMART POWER GENERATION ENABLING THE TRANSITION TO A MODERN, SUSTAINABLE POWER SYSTEM Electricity consumption will continue to grow rapidly all over the world during the coming decades. At the same time,

More information

Renewables subsidy schemes in Europe. Energy Economics Summer School, University of Auckland 19-Feb-2018

Renewables subsidy schemes in Europe. Energy Economics Summer School, University of Auckland 19-Feb-2018 Renewables subsidy schemes in Europe Energy Economics Summer School, University of Auckland 19-Feb-2018 Briony Bennett 2008 - Bachelor of Arts & Science, University of Auckland 2012 - Masters of International

More information

Deutsche Bank Global Consumer Conference 2014

Deutsche Bank Global Consumer Conference 2014 Deutsche Bank Global Consumer Conference 2014 Imperial Tobacco Group PLC Paris 17 June 2014 1 Alison Cooper Chief Executive 2 Disclaimer Certain statements in this announcement constitute or may constitute

More information

SMART ENERGY SERVICES

SMART ENERGY SERVICES SMART ENERGY SERVICES Powering the Potential of Your Business #ESBinnovates SMART ENERGY SERVICES Powering the Potential of Your Business #ESBinnovates (Spot UV) YOUR TRUSTED PARTNER Businesses and public

More information

SUSTAINABLE STRATEGY AND GOVERNANCE

SUSTAINABLE STRATEGY AND GOVERNANCE SUSTAINABLE STRATEGY AND GOVERNANCE Cundall Sustainable Strategy and Governance Capturing the value of sustainability The context within which business operates is rapidly changing. Unprecedented environmental

More information

CEEM objectives and current research efforts

CEEM objectives and current research efforts The Australian National Electricity Market (NEM) and renewable energy Iain MacGill School of EE&T and CEEM University of NSW ENERGY POLITICS and GOVERNANCE ANU, September 2010 CEEM objectives and current

More information

Energy Efficiency Advisory Panel Technical Session Community Energy Systems August 23, 2016

Energy Efficiency Advisory Panel Technical Session Community Energy Systems August 23, 2016 SESSION SUMMARY Community Energy System Technical Sessions Tuesday, August 23, 2016 8:00 am 12:00 noon Wales Room, Federal Building 9820-107 Street NW, Edmonton Intended Outcomes Participants understand

More information