Welcome. RETScreen s Clean Energy Policy Toolkit. Clean Energy Solutions Center Webinar 26 April 2013

Transcription

1 Welcome RETScreen s Clean Energy Policy Toolkit Clean Energy Solutions Center Webinar 26 April 2013

2 RETScreen s Mission: Empower Cleaner Energy Decisions Worldwide

3 What is RETScreen? World s leading clean energy decision-making software Energy efficiency; heating & cooling; power generation; and cogeneration Fossil fuels Renewable energy 36 languages covering 2/3rds Earth s population 372,000+ users in 222 countries & territories 40,000+ new users each year 500+ universities & colleges use for training & research Over $8 billion in direct user savings since 1998

4 Example of Project Facilitated by RETScreen

5 Example of Project Facilitated by RETScreen

6 Overview of RETScreen Suite Software RETScreen Training Institute

7 RETScreen Software Suite Downloading and running RETScreen Software Suite will install two separate programs: RETScreen 4 is an Excel-based clean energy project analysis software tool that helps decision makers quickly and inexpensively determine the technical and financial viability of potential renewable energy, energy efficiency and cogeneration projects. RETScreen Plus is a Windows-based energy management software tool that allows project owners to easily verify the ongoing energy performance of their facilities. Also available on RETScreen website: REFRIG3 is an Excel-based RETScreen Energy Efficient Arena & Supermarket Project Model (Version 3 format)

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9 Cumulative cash flows ($) Cumulative cash flows ($) Analysis Type (Start Sheet) Method 1 Method 2 RETScreen Energy Model - User-defined User-defined User-defined Energy Green power Other Base case Proposed case Technology Grid electricity Wind turbine Power capacity kw 2,000 Capacity factor % 30% Electricity exported to grid MWh 5,256 Incremental initial costs $/kw 2,000 O&M (savings) costs $/kwh Electricity export rate $/kwh Emission Analysis GHG emission factor T&D GHG emission Base case electricity system (Baseline) (excl. T&D) losses factor Country - region Fuel type tco2/mwh % tco2/mwh Canada All types % Electricity exported to grid MWh 5,256 T&D losses 8.0% GHG emission Base case tco2 1,167 Proposed case tco2 93 Gross annual GHG emission reduction tco2 1,074 GHG credits transaction fee % 0.0% Net annual GHG emission reduction tco2 1,074 is equivalent to 218 GHG reduction income GHG reduction credit rate $/tco Financial Analysis Financial parameters Inflation rate % 2.0% Project life yr 20 Debt ratio % 70% Debt interest rate % 7.00% Debt term yr 10 Initial costs Incremental initial costs $ 4,000, % Other $ 0.0% Total initial costs $ 4,000, % Incentives and grants $ 0.0% Annual costs and debt payments O&M (savings) costs $ Fuel cost - proposed case $ 0 Debt payments - 10 yrs $ 398,657 Other $ Total annual costs $ 451,217 Annual savings and income Fuel cost - base case $ 0 Electricity export income $ 788,400 Other $ Total annual savings and income $ 788,400 Financial viability Pre-tax IRR - equity % 34.6% Pre-tax IRR - assets % 12.3% Simple payback yr 5.4 Equity payback yr ,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, ,000,000 Cars & light trucks not used Cumulative cash flows graph Year RETScreen Energy Model - Energy efficiency measures project Fuels & schedules Show data Fuel Fuel type 1 Fuel type 2 Fuel type 3 Fuel type 4 Fuel type 5 Fuel type 6 Fuel type Electricity Natural gas - m³ Fuel consumption - unit MWh m³ #N/A #N/A #N/A #N/A Fuel rate - unit $/kwh $/m³ #N/A #N/A #N/A #N/A Fuel rate RETScreen Cost Analysis - Energy efficiency measures project Schedule Unit Settings Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 6 Description Method 1 24/7 Notes/Range Second currency Method 2 Occupied OccupiedSecond currency Occupied Occupied Notes/Range Occupied None Temperature - space heating C Cost allocation Temperature - space cooling C Initial costs (credits) Unoccupied UnoccupiedUnit Unoccupied Quantity Unoccupied Unit cost UnoccupiedAmount Relative costs Temperature - unoccupied +/- C Feasibility study 3.0 Feasibility study Occupied Occupied cost Occupied Occupied Occupied $ - Occupancy rate - daily h/d h/d RETScreen h/d Emission h/d Reduction h/d Analysis - Energy h/d efficiency measures project Sub-total: $ - 0.0% Monday Development Tuesday Emission Analysis Development cost $ - Wednesday Thursday Sub-total: $ - 0.0% Method 1 Global warming potential of GHG Friday Engineering Saturday Engineering Method cost 2 $ - 21 tonnes CO2 = 1 tonne CH4 (IPCC 1996) Sunday Sub-total: Method 3 $ - 0.0% 310 tonnes CO2 = 1 tonne N2O (IPCC 1996) Occupancy rate - annual h/yr Energy efficiency 8,760 measures 6, RETScreen Financial Analysis - Energy efficiency measures project % Incremental initial 100% costs 75% 0% 0% 0% 0% $ 60, % Balance of system & miscellaneous Financial parameters Project costs and savings/income summary Yearly cash flows Base case system GHG summary (Baseline) Heating/cooling changeover temperature C 16.0Spare parts % General $ - Initial costs Year Pre-tax After-tax Cumulative Length of heating season d 242Transportation project Fuel cost escalation $ rate - % 2.0% Feasibility study 0.0% $ 0 # $ $ $ Length of cooling season d 123Training & commissioning p-d Inflation rate CO2 emission CH4 emission $ - % N2O 2.0% emission Development Fuel 0.0% $ GHG emission ,000-60,000-60,000 User-defined cost Fuel Discount mix rate $ factor - factor % 12.0% factor Engineering consumption 0.0% $ factor 0GHG 1emission 29,232 29,232-30,768 Contingencies Fuel type Project % $ % life 60,000 $ kg/gj - kg/gj yr kg/gj 40 Power system MWh 0.0% $ tco2/mwh 0 2tCO2 29,817 29, Facility characteristics Show data Interest during construction Natural gas $ 100.0% Heating system 60,000 $ - 1, % $ ,413 30,413 29,463 Sub-total: Total Finance Enter number of months 100.0% Cooling system $ - 0.0% 1, % $ ,022 31,022 60,484 Incremental Fuel cost Incremental Incentives and Include grants $ User-defined 0.0% $ ,642 31,642 92,126 Total initial costs $ 60, % Show: Heating Cooling Electricity initial costs savings O&M savings Simple payback Debt ratio measure? % Energy efficiency measures 100.0% $ 60, ,275 32, ,401 Fuel saved GJ GJ GJ $ $ $ yr Debt $ 0 Balance of system & misc. 0.0% $ ,920 32, ,321 Annual costs (credits) Proposed case Unit system GHG Quantity summary (Energy Unit cost Amount Heating system Equity efficiency measures project) $ 60,000 Total initial costs 100.0% $ 60, ,579 33, ,900 O&M Boiler Debt interest rate % 9 34,250 34, ,150 O&M (savings) costs project $ - Cooling system Debt term CO2 emission CH4 emission yr N2O emission Incentives and grants Fuel $ GHG emission ,935 34, ,086 Parts & labour project Fuel Debt mix payments $ factor - factor $/yr factor 0 consumption factor GHG 11emission 35,634 35, ,720 Air-conditioning User-defined cost $ - Building envelope Fuel type % kg/gj kg/gj kg/gj Annual costs and debt paymentsmwh tco2/mwh 12 tco2 36,347 36, ,066 Contingencies % $ - $ - O&M $ ,074 37, ,140 Appartment building 2, ,000 28,659 Natural gas % Sub-total: Income tax analysis $ - Fuel cost - proposed case $ 35, ,815 37, ,955 Ventilation Total 100.0% Effective income tax rate % Debt payments - 0 yrs $ ,571 38, ,527 Fuel cost - proposed case Lights Loss carryforward? T&D losses No Total annual costs $ Total 35, ,343 39, ,869 Natural gas m³ 88,546 $ $ 35,419 Electrical equipment Depreciation method Declining balance 17 40,130 40, ,999 Sub-total: $ 35,419 Hot water GHG emission reduction summary Half-year rule - year 1 yes/no Yes Periodic costs (credits) 18 40,932 40, ,931 Depreciation tax basis % $ ,751 41, ,682 Other Annual savings Unit Quantity Unit Depreciation cost rate Amount % Total 2,686 Fuel 0 cost - base case 0 60,000 28, Gross annual $ 0 Net 20annual 42,586 42, ,268 Depreciation period yr 15 End of project life - cost $ ,438 43, ,706 Years of Base case Proposed case GHG emission GHG credits GHG emission Natural gas m³ 160,194 $ Tax holiday available? $ 64,078 yes/no No 22 44,306 44, ,012 occurrence GHG emission GHG emission reduction transaction fee reduction Sub-total: Tax holiday duration $ 64,078 yr Annual savings and income 23 45,193 45, ,205 Summary Show data Energy efficiency measures yr tco2 tco2 Fuel cost - base case tco2 $ % 64, tco2 46,096 46, ,301 project Annual 1 to -1income Electricity export income 134 $ ,018 47, ,320 Fuel Periodic costs (credits) Base case Proposed Unit case Year Fuel Unit cost cost savings Amount Electricity export income GHG reduction income - 0 yrs $ ,959 47, ,279 Fuel User-defined cost $ - Electricity exported to grid MWh 0 Customer premium income (rebate) $ ,918 48, ,196 consumption - Fuel Fuel Fuel cost $ - Fuel type unit Fuel rate End of project consumption life Net annual Fuel cost consumptioncost GHG emission reduction Electricity export rate Fuel cost Fuel saved savings $ tco2 $/MWh is equivalent 0.00 Other to income 27.2 (cost) - yrs Cars & light trucks not $ used ,896 49,896 1,023,093 Electricity export income $ 0 CE production income - yrs $ ,894 50,894 1,073,987 Natural gas m³ $ ,194.2 $ 64,078 88,546.3 $ 35,419 71,647.8 Electricity $ export escalation 28,659 rate % Total annual savings and income $ 64, ,912 51,912 1,125,899 Total $ 64,078 $ 35,419 $ 28, ,950 52,950 1,178,849 GHG reduction income 32 54,009 54,009 1,232,858 Fuel Fuel Fuel Fuel tco2/yr ,089 55,089 1,287,948 Project verification consumption - consumption - consumption consumption - Net GHG reduction tco2/yr 134 Financial viability 34 56,191 56,191 1,344,139 Fuel type unit historical Base case variance Net GHG reduction - 40 yrs tco2 5,342 Pre-tax IRR - equity % 50.7% 35 57,315 57,315 1,401,454 Natural gas m³ 160,194.2 GHG reduction credit rate $/tco2 Pre-tax IRR - assets % 50.7% 36 58,461 58,461 1,459,916 GHG reduction income $ ,631 59,631 1,519,546 Heating Cooling Electricity Total GHG reduction credit duration yr After-tax IRR - equity % 50.7% 38 60,823 60,823 1,580,370 Energy GJ GJ GJ GJ Net GHG reduction - 0 yrs tco2 0 After-tax IRR - assets % 50.7% 39 62,040 62,040 1,642,409 Energy - base case 4, ,204 GHG reduction credit escalation rate % 40 63,281 63,281 1,705,690 Energy - proposed case 2, ,324 Simple payback yr ,705,690 Energy saved 1, ,880 Customer premium income (rebate) Equity payback yr ,705,690 Energy saved - % 44.7% 44.7% Electricity premium (rebate) % ,705,690 Electricity premium income (rebate) $ 0 Net Present Value (NPV) $ 225, ,705,690 Benchmark Heating premium (rebate) % Annual life cycle savings $/yr 27, ,705,690 Energy unit kwh Heating premium income (rebate) $ ,705,690 Reference unit m² 7,500 Cooling premium (rebate) % Benefit-Cost (B-C) ratio ,705,690 User-defined m² 2,000 Cooling premium income (rebate) $ 0 Debt service coverage No debt ,705,690 Customer premium income (rebate) $ 0 Energy production cost $/MWh ,705,690 Benchmark Heating Cooling Electricity Total GHG reduction cost $/tco2 (205) ,705,690 Energy kwh/m² kwh/m² kwh/m² kwh/m² Other income (cost) Energy MWh Cumulative cash flows graph Energy - base case Rate $/MWh Energy - proposed case ,800,000 Other income (cost) $ 0 Energy saved Duration yr Escalation rate % 1,600,000 Clean Energy (CE) production income CE production MWh 922 CE production credit rate $/kwh 1,400,000 CE production income $ 0 CE production credit duration yr 1,200,000 CE production credit escalation rate % Energy delivered 1,000,000 Fuel type (MWh) Clean energy 1 Natural gas 922 Yes 800,000 2 No 3 No 4 No 600,000 5 No 6 No 7 No 400,000 8 No 9 No 200,000 # No # No # No 0 # No # No -200,000 # No # No # No # No Year

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15 RETScreen Training Institute RETScreen Introduction to Clean Energy Project Analysis (just completed) RETScreen Energy Efficiency Project Analysis RETScreen Heating & Cooling Project Analysis RETScreen Power Project Analysis RETScreen Cogeneration Project Analysis RETScreen Energy Performance Analysis We do customized training!

16 Clean Energy Policy Analysis With RETScreen Photo Credit: Strong, Steven DOE/NREL

17 Clean Energy Policies - Incentives Direct Cash Payments Grants and Rebates Performance-Based Payments Tax Incentives Tax Credits Tax Exemptions Accelerated Depreciation Loan Programs

18 Clean Energy Policies - Regulations Building Code Mandates Favourable Permitting Rules Interconnection Standards

19 Clean Energy Policies - Hybrids Feed-in Tariffs Utility Quota Obligations Net Metering Emissions & Environmental Attributes Trading

20 RETScreen for Projects and Policy RETScreen as a tool to demonstrate the viability of clean energy projects But also useful for planning, designing, implementing, and reviewing the viability of clean energy policies

21 The Policy Cycle Inform Design Implement Monitor Review

22 Examples of RETScreen Use for Policy International (UNFCCC) National (Canada) Sub-National (Texas) Municipal (Toronto) Utility (National Grid)

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28 RETScreen Clean Energy Policy Toolkit Developed by RETScreen International Financially supported by a grant from the Renewable Energy and Energy Efficiency Partnership (REEEP) Includes Case Studies/Templates, e-textbook Chapter, Training Slides, and Sample Documents Available on the RETScreen Website and within the RETScreen User Manual

29 Case Studies & Templates Power Photovoltaic Feed-in Tariff Policy / Canada Power Wind GHG Reduction Income Policy / China Heating Solar Water Heater Capital Cost Incentive Policy / USA User-defined Tax and Finance Measures Policy / Canada + many more!

30 Presentation Slides & e-textbook Chapter See e-textbook Clean Energy Project Analysis: RETScreen Engineering and Cases Clean Energy Policy Analysis with RETScreen

31 Software Demo