The Renewable Energy Economy Monterey Bay Economic Partnership Economic Summit 2016 Brian Kunz, VP of Development, First Solar

Transcription

1 The Renewable Energy Economy Monterey Bay Economic Partnership Economic Summit 2016 Brian Kunz, VP of Development, First Solar Copyright 2013, First Solar, Inc.

2 Global Renewable Energy Opportunity SOURCE: REN21 Report: 2

3 Electricity Production By Source Total U.S. California Petroleum 1% Other Gas 0.10% Nuclear 9% Petroleum 0.03% Other Gas 0.7% Other 0.4% Natural Gas 33% Nuclear 20% Coal 33% Renewables 13% Hydropower 6% Biomass 1.60% Geothermal 0.40% Solar 0.60% Wind 4.70% Natural Gas 61% Renewables 29% Coal 0.4% Hydropower 8% Biomass 3% Geothermal 6% Solar 5% Wind 7% Source data from EIA. Data is from the year 2014, available at: and 3

4 Shift toward Clean, Renewable Energy is Accelerating Rancho Seco Solar Plant Rancho Seco Nuclear Plant (decommissioned) Sacramento, CA, USA Photo Credit: Joseph Feil 4

5 Declining Costs in the US Solar is Competitive Today 5

6 PV Solar is now a Mainstream Source of Energy Worldwide Map? India AUS USA Japan UAE USA 6

7 First Solar Global Leadership Driven by Global Demand Over 10GW installed worldwide About 5 Hoover Dams operating worldwide Manufactures 1 module every second 3GW of module shipments annually About 1.5 Hoover Dams produced every year 7

8 We ve Come a Long Way in a Short Time The relative size of the largest PV Solar Plant in California in 2009: Blythe (21 MW) versus the largest operating plant in the world in January 2015: Topaz Solar Farms (550 MW) 8

9 A Solar-Driven Economy 1 out of every 83 new jobs created in the U.S. since Census 2014 was created by the solar industry Solar industry added workers at a rate nearly 12 times fasterthan the overall economy and accounting for 1.2% of all jobs created in the U.S. over the past year Solar industry employment has grown by 123% in the past six years, resulting in nearly 115,000 domestic living-wage jobs As of November 2015, the solar industry employs 208,859 solar workers, representing a growth rate of 20.2% since November Source: The Solar Foundation s 2015 Solar Census 9

10 Solar is Gaining Broad Support 10

11 CA Solar Growth Drivers: Supportive Policies & Declining Costs % RPS Installed Capacity (MWAC) % RPS Year Installed Solar PV Capacity National Levelized PPA Price (Excludes projects with capacity less than or equal to 1 MWac. Includes out-of-state imports.) PPA Price (Real 2014 $/MWh) 11

12 Over 42GW of Solar in California 12

13 First Solar Technology in California - Over 4GW In Operation Under Construction In Development 11MW Rancho Seco 60MW North Star 80MW Little Bear 19MW Adams East 123MW American Kings 280MW California Flats 32MW Lost Hills 550MW Topaz 40MW Cuyama 40MW Kingbird 175MW Astoria 230MW AVSR1 66MW Alpine 20MW Kansas 20MW Kent South 27MW CID 24MW Cottonwood 20MW Old River 40MW Windhub 150MW Willow Springs 150MW Rosamond 32MW Portal Ridge 300MW Stateline 550MW Desert Sunlight 50MW Seville 150MW ISEC West 139MW Campo Verde 150MW Solar Gen 2 130MW ISEC South 250MW McCoy 21MW Blythe 300MW Quartzite 13

14 First Solar Leadership in California Represents total projects in construction and operation with First Solar technology First Solar California Snapshot 14

15 Solar Leaders in California Creating Jobs and Economic Benefits 15

16 California Flats Solar Project Overview Approximately 2,900 acre project site located in Monterey County 280MW Initial construction started 2016, completion expected 2018 Land owned by Hearst Corporation Project developed and owned by First Solar Power purchased by Apple and PG&E 16

17 California Flats Fast Facts Equivalent of 100,000 average California homes powered Over 109,000 metric tons of CO 2 emissions displaced annually Up to 300 construction jobs created About 22,000 car-equivalents removed annually 17

18 Environmentally-Sensitive Design, Sustains Ranching Operations Site plan carefully designed to protect species, enhance the environment and sustain ranching Project avoids and minimizes impacts 4,500 acres of mitigation land purchased Located on previously disturbed ranch land Land leased from Hearst Corporation: Approx. 3% of Jack Ranch Sustains ranching operations and is compatible with surrounding grazing uses Land may be returned to previous use at end-of-life 18

19 Generates Economic and Community Benefits for Monterey County Estimated local economic output of over $176 million over the project s life, including nearly $95 million in direct spending Approximately $5.7 million paid in sales and use tax revenue to Monterey County Supports local residents, businesses, suppliers and service providers with over $80 million in indirect supply chain and induced spending. $75,000 donated to the Community of Parkfield for library fund Job fairs held in King City to support hiring of qualified local residents 19

20 Cost-effective Energy Choice for Apple Quite frankly we re doing this because it s right to do, but you may also be interested to know that it s good financially to do it. We expect to have a very significant savings because we have a fixed price for the renewable energy, and there s quite a difference between that price and the price of brown energy. Tim Cook, CEO of Apple, on the purchase of power from California Flats Solar Project Graph from LBNL report: Utility-Scale Solar 2014, available 20

21 US Addressable Market: Utility Scale Demand Source: GTM Global Demand Model (Q1 2016) 21

22 Many Drivers of Continued Demand Emerging The Future is Bright 22

23 Thank you.