05/10/54. Keys to Success of Solar Farm Development in Thailand. Outline. Thailand Energy Situation. Thailand Energy Situation

Transcription

1 The Leading Solar Farm Developer in ASEAN Keys to Success of Solar Farm Development in Thailand Ms. Wandee Khunchornyakong Chairman & CEO SPCG Public Company EFE Annual Seminar Sofitel Centara Grand, Bangkok September 28, Outline Thailand: Policy and Energy Outlook Corporate Overview Solar Farm Development» Key Consideration/ Technology Selection Policy & Energy Outlook» Strategic Partners» Investment & 3 4 Thailand Energy Situation 77 Provinces Thailand Energy Situation Electricity Consumption by Sector (Jan - July 2011) Agriculture 0.27% Population ,313,000 Growth 0.6% Government and Non-Profit 3.19% Other 1.28% Residential 21.76% Electricity: Installed (Jan - July 2011) Total 31,447 MW EGAT 14,998 MW (48%) IPP 12,081 MW (38%) SPP 2,182 MW (7%) Import & Exchange 2,185 MW (7%) VSPP <1% Industrial 46.18% Business 15.61% Small General Service 0.44% Source : Source : 6 1

2 Thailand Energy Situation Electricity Generation by Fuel Type (Jan - July 2011) Power Development Plan ( ) PDP 2010 ( ) : New = 54,005 MW. Natural Gas 67.0% Lignite 12.0% Coal 8.0% Fuel Oil 0.6% Hydro 4.0% Import 7.0% Renewable 1.0% Source MW % Combined Heat 16,670 MW Cogeneration 7,137 MW 44% Hydropower 512 MW 0.1 % Buy from Neighboring Countries 11,669 MW 22% Coal 8,400 MW 16% Nuclear** (postponed for 3 years) 5,000 MW 9.3% Renewable and Alternative Energy 4,617 MW 8.6% Total 54,005 MW 100% Source : 7 Source : Power Development Plan (PDP 2010), in Thai 8 Power Development Plan ( ) Renewable Energy Plan ( ) PDP2010 ( ) : Share of Energy Sources 15-year Renewable Energy Development Plan ( ) Source PDP 2007 (Revised) PDP 2010 (Draft) Renewable 3% 3% 6% 6% 6% Natural gas 69% 60% 62% 49% 39% Hydro 3% 2% 3% 3% 2% Coal 11% 15% 12% 13% 21% Lignite 8% 6% 9% 7% 2% Nuclear** - 5% - 6% 11% Buy from Neighboring Countries 6% 9% 8% 16% 19% Source Potential (MW) Existing Q1/2011 (MW) Target in 2022 (MW) Solar 50, Wind 1, Hydro Biomass 4, ,700 Biogas Waste Hydrogen Total 100% 100% 100% 100% 100% Total ,608 Source : Power Development Plan (PDP 2010), in Thai 9 Source : SPCG: Company Profile Founded 1993 Merged on 28 March 2011 Registered Capital THB 840,000,000 THB 500 mm + THB 340 mm» PO: 60 mm shares» W: 280 mm units Corporate Overview First Trade Date Directors 20 December 2005 Listed in MAI market Miss Wandee Khunchornyakong Mr. Chanchai Kultavarakorn Mr. Prasit Ounvorawong Mr. Somsak Khunchornyakong Mr. Kevin Gerald Parnell Mr. Jirakom Padumanon Mr. Kiatichai Pongpanich Dr. Art-ong Jumsai na Ayudhya Asst. Prof. Dr. Siripong Preutthipan Chairman & CEO Executive Chairman Executive Director Executive Director Executive Director Director Audit Committee Chairman & Independent Director Audit Committee Member & Independent Director Audit Committee Member & Independent Director

3 Business Nature Organization Structure Remuneration Committee Board of Directors Audit Committee Solar Farm Developer Company Secretary Executive Board EPC Services B Best tv Value Chief Executive Officer OMM Services Steel & Solar Roof Best Design Highest Output President Steel Business and Business Support President Solar Farm Business Investment Management Internal Audit President General Investment Management & Business Plan Steel & Solar Roof Manufacture Distribute Installation SPCG 99.99% Steel & Solar Roof Co., Ltd % Solar Power Co., Ltd % Solar Power Engineering Co., Ltd Solar Power Co., Ltd Selection "To be the leading developer of high efficiency, cost effective, renewable clean energy Solar Farms in Thailand and ASEAN. AREA : North Eastern part Of THAILAND Irradiance Latitude / Altitude Air Temperature Wind Environment

4 34 Solar Farm Projects Adder Policy for Solar Energy 34 Signed PPAs of 6 MWp with PEA Total capacity of 204 MWp Construction & COD plan: 2013 Adder Base Tariff Ft THB/kWh* *Note: on average Updated August 2011» Adder: 8 THB/kWh for 10 years» Base Tariff: - Peak Time: Weekdays ( ) - Off-Peak: Weekdays ( ) & Holidays» Ft: Fuel Adjustment Charge PPA: Power Purchase Agreement PEA: Provincial Electricity Authority of Thailand Corporate Social Responsibility (CSR) Business Development Clean energy Solar Power Company Limited» No pollution» No noise » No wastes Provide jobs for local people Solar Farm Education Center to educate students, related government agencies, private institutions and interested general public Save 4,800 tons of CO 2 /solar farm project, or equivalent to planting 12,000 ~ 16,000 trees* *Source: McHale, M.R., McPherson, E.G., and Burke, I.C., The potential of urban tree plantings to be cost effective in carbon credit markets. Urban Forestry & Urban Greening, 6, p Solar Farms: 11 Solar Farms: SPKR1 COD: 21 Apr 2010 SPSN1 COD: 9 Feb 2011 SPNP1 COD: 22 Apr 2011 SPKR2 COD: 13 Sep 2011 SPLO1 COD: 15 Sep 2011 Note: COD = Commercial Operation Date 4 Solar Farms under construction SPKK1 SPKR3 SPKR4 SPKR7 7 Solar Farms Land procurement 18 Solar Farms 22 EPC Services The full service package in the solar farm segment in Thailand and Southeast Asia. Solar Power Engineering Co., Ltd. E P Engineering & Planning Procurement and delivery C Turn-key construction

5 O&MM Services O Operation M Maintenance M Monitoring Keys to Success of Solar Farms Weather station Online monitoring & report CONSIDERATION Solar Farms: Main Equipment Monitoring System Kyocera Solar Module SMA Inverter Technology: Long-term Selection Strategic Partners Investment plan and financing Transformer Cables Main Distribution Board :MDB Hot Dipped Galvanized Support Structure 27 Electric Boxes 28 Solar Modules by Kyocera Integrated Manufacturing Process SILICON INGOT CUTTING WAFER MAINTENANCE FOLLOW UP WORLD No % Cell Efficiency CELL CUSTOMER CENTER INSTALLATION DESIGN MODULE

6 25 year Warranty with track record Proven Performance Established 1984 Sunny Mini Central Inverters Inverter by SMA, Germany Average 8.6% kW Grid-tie System 1,016 Modules Kyocera is the only PV manufacturer that can claim a 25-year warranty backed by a track record Strategic Shareholding Partners Energy for Environment Foundation (EFE) Strategic Partners International Finance Corporation (IFC) a member of World Bank Group Thai Fa Power Co., Ltd. (TFP) Ratchaburi Electricity Generating Holding PCL (RATCH) IFC Loan & CTF International Finance Corporation (IFC) IFC Loan Clean Technology Fund (CTF) IFC Loan CTF Kasikornbank PCL (KBANK) Lead arranger of syndicated loan for local banks Bank of Ayudhya PCL (BAY) Siam City Bank PCL (SCIB) Longer repayment terms than local l banks Lower interest rate The first company to get CTF in Thailand Fixed low interest rate Longer repayment period than IFC loan

7 Project Partners PROJECT INFORMATION Partner D/E Ratio SPKR1 60:40 SPSN1 70:30 SPNP1 70:30 SPKR2 70:30 SPLO1 70:30 SPKK1 70:30 SPKR3 75:25 Syndicated Loan SPKR4 75:25 Syndicated Loan Solar Farm KR1 SPKR7 75:25 Syndicated Loan Solar Power (Korat 1) Co., Ltd. (KR1) KORAT 1: The First Largest Solar Farm in Thailand & ASEAN Project Information Project No. 1 SPKR1 Nakhon Ratchasima 14.29% 15.00% 19.64% 51.07% SPC IFC EFE TFP Project Progress 100% COD 21 Apr 2010 THB 280 mil Kasikornbank D/E Ratio 60:40 39 Picture of Solar Farm (Korat 1) 40 KORAT 1: The First Largest Solar Farm in Thailand & ASEAN KORAT 1: The First Largest Solar Farm in Thailand & ASEAN Picture of Solar Farm (Korat 1) 41 Picture of Solar Farm (Korat 1) 42 7

8 KORAT 1: The First Largest Solar Farm in Thailand & ASEAN Solar Farm SN1 Picture of Solar Farm (Korat 1) Solar Power (Sakon Nakorn 1) Co., Ltd. (SN1) Sakon Nakorn 1 The 2nd Solar Farm developed by SPC Project Information Project No. 2 SPSN1 Sakon Nakhon 30% 51% SPC 10% IFC 9% EFE TFP Project Progress 100% COD 9 Feb 2011 THB 189 mil Kasikornbank D/E Ratio 70:30 45 Picture of Solar Farm (Sakon Nakorn1) 46 Sakon Nakorn 1 The 2nd Solar Farm developed by SPC Sakon Nakorn 1 The 2nd Solar Farm developed by SPC Picture of Solar Farm (Sakon Nakorn1) 47 Picture of Solar Farm (Sakon Nakorn1) 48 8

9 Solar Power (Nakorn Phanom 1) Co., Ltd. (SNP1) Project Information Project No. 3 Solar Farm NP1 SPNP1 Nakhon Phanom Project Progress 100% COD 22 Apr % 51% SPC 10% IFC 9% EFE TFP THB 189 mil Kasikornbank D/E Ratio 70: Nakorn Phanom 1 The 3 rd Solar Farm developed by SPC Nakorn Phanom 1 The 3 rd Solar Farm developed by SPC : Nakorn Phanom Province Area : 190 rai : 6 MWp Picture of Solar Farm (Nakorn Phanom1) 51 Picture of Solar Farm (Nakorn Phanom1) 52 Nakorn Phanom 1 The 3 rd Solar Farm developed by SPC Solar Power (Korat 2) Co., Ltd. (KR2) Project Information Project No. 4 SPKR2 Nakorn Ratchasima 44% 56% SPC TFP Project Progress > 90% COD 13 Sep 2011 THB 189 mil Syndicated loan D/E Ratio 70:30 Picture of Solar Farm (Nakorn Phanom1)

10 Solar Power (Loei 1) Co., Ltd. (SPLO1) Solar Power (Khon Kaen 1) Co., Ltd. (SPKK1) Project Information Project No. 5 Project Information Project No. 6 SPLO1 Loei 44% 56% SPC TFP SPKK1 Khon Kaen 30% 70% SPC TFP Project Progress > 90% COD 15 Sep 2011 Project Progress > 5% Expected COD End of 2011 THB 189 mil THB 189 mil Syndicated loan Syndicated loan D/E Ratio 70:30 D/E Ratio 70: Solar Power (Korat 3) Co., Ltd. (SPKR3) & Solar Power (Korat 4) Co., Ltd. (SPKR4) Project Information Project No. 7 & 8 SPKR3, SPKR4 Nakhon Ratchasima 40% 60% Project Progress > 5% Expected COD Q SPC RATCH Solar Farm Education Center THB 195 mil Syndicated loan D/E Ratio 75: Solar Farm Education Center Solar Farm Education Center Grand Opening : 18 March 2011 Solar Exhibition & Training Center

11 Solar Farm Education Center Guest of Honor: Hall of Fame 61 Dr. Piyasvasti Amranand Chairman of Energy for Environment Foundation 62 Guest of Honor: Solar Farm Education Center Guest of Honor: Ms. Yingluck Shinawatra Prime Minister (during election campaign) 63 Ms. Yingluck Shinawatra Prime Minister (during election campaign) 64 Guest of Honor: Guests of Honor: Mr. Chanitr Charnchainarong The President of MAI, Stock Exchange of Thailand 65 Aj. Chaya Jivacate and KMUTT team 66 11

12 Guests of Honor: Guests of Honor: Kbank Executives and Press Tour 67 Field trips: Students and Teachers 68 Guests of Honor: Thank You! and over 2000 visitors 69 Website: Contact: