Investment opportuni.es in the green economy. Hellenic Republic Ministry of Environment, Energy and Climate Change

Transcription

1 Investment opportuni.es in the green economy Hellenic Republic Ministry of Environment, Energy and Climate Change 1

2 Environmental licensing review 10fold reduc.on of the projects that require environmental impact assessment (EIA) (from per year to about ) Reduc.on of the.me needed for the environmental permit from an average of 20 months to about 5-6 months, through: removal of the preliminary assessment providing for predetermined environmental terms and condi5ons for thousands of projects abolishing the cosigning of environmental permi9ng by other ministers crea5on of a centralized electronic system for submi9ng and managing Environmental Impact Assessments outsourcing to the private sector the evalua5on process of EIAs 2

3 Land use and land planning Spa.al Plan for RES already in place and for offshore wind parks to be in place soon Fast track legal framework provides for immediate licensing in big investment projects Revision of the na.on s 12 Regional Spa.al Plans in progress Athens Regulatory Master Plan is being designed A new system for licensing of buildings is about to be approved by Parliament leading to the simplifica.on of the procedures for issuing all construc.on permits 3

4 Incen8ves for energy saving investments in buildings A global energy conserva8on programme is designed and applied to improve the energy quality of the building sector The use of Energy Service Companies, ESCOs, and the mechanism of Third Party financing is the main tool to improve the energy performance of the building sector The legisla8ve framework is already in use and ESCOs and other companies are invited to invest and operate in the Greek building market The market actors in Greece are actually trying to find exper8se and investors on the topic 4

5 Investment opportuni8es in water management Over 1.5 billion euro will be allocated over the next 5 years for water management projects including infrastructure for the collec.on and treatment of domes.c wastewater, desalina.on projects, water conserva.on techniques An effec.ve surveillance and management system has been established for an effec.ve implementa.on of the environmental regula.on Substan.al investment opportuni.es have now been created in the industrial sector for the appropriate management of liquid waste (clean technologies, segrega.on of flows, upgrading treatment works) in order to comply with the new regula.ons 5

6 Waste management projects Over 1.3 billion euro will be allocated over the next 5 years for waste management projects including: Mechanical Biological Treatment (MBT) MBT combined with Waste to Energy Units (WtE) Individual compost units Recycling Centers More than 40% of the total budget is available through structural funds 6

7 Expansion of the gas distribu8on network Tenders for three new Distribu.on Companies (EPAs) in the Regions of East Macedonia- Thrace, Central Macedonia and Sterea Ellada (total popula.on: ). EU has already granted deroga.on for a period of 10 (Sterea Ellada) and 20 (East Macedonia- Trace, Central Macedonia) years for these three areas. So, the investors will develop the gas business (network and supply) without compe..on. Sterea Ellada East Macedonia - Thrace Central Macedonia 7

8 Gas and oil explora8on Law 4001 (August 2011) facilitates the explora8on of hydrocarbons in Greece On going tender for non- exclusive seismic surveys in Ionian Sea and the sea region south of Crete Interna8onal tender ( open door procedures) for assigning three areas for gas and oil explora8on (es8mate of total 300 million barrels of crude): Gulf of Patra (Western Greece) Ioannina (Northwestern Greece) Katakolo (Southwestern Greece) The tender will take place in early

9 Energy Priva8za8on projects Gas company DEPA Hellenic Petroleum Public Power Corpora.on 9

10 New legisla8on facilita8ng RES investments Renewable energy projects zoning revised Dealing with the Not In My Back Yard (NIMBY) phenomenon Electricity generation licensing and exemptions Creation of One stop shop via Autonomous RES office Rationalisatio n of feed-in tariffs and PPA term clarified Environmental licensing stages merged Prerequisites for installation licensing and related issues are simplified To facilitate RES development we established in early June 2010 with the new RES law 3851: The law aims to accelerate the licensing procedure of the larger projects as much as possible Simplifies considerably the licensing of smaller projects Offers new adrac5ve feed- in- tariffs for all RES technologies Deals with the NIMBY phenomenon at several levels and Establishes an Autonomous RES Office to act as an One- Stop- Shop for RES- Electricity 10

11 Project Helios The Greek Solar Energy Project 11

12 Why Helios The context The market The opportunity The framework The project The benefits 12

13 The context: Statement by the Heads of State We call for a comprehensive strategy for growth and investment in Greece to target the structural funds on compe55veness and growth, job crea5on and training. We will mobilize EU funds and ins5tu5ons such as the EIB towards this goal and re- launch the Greek economy. 13

14 The market: EU Solar Sector EU accounts for 74% of global market EU: 13,300 MW new installa5ons vs. 100 MW in 2001 Germany: global market leader in Solar PV Smart incen5ve schemes (Feed- in Tariffs) RES Policy : Binding Direc5ve 2009/28/EC, Na5onal Renewable Energy Ac5on Plans 14

15 The opportunity: Helios - The power of the sun European Sun Radia5on Levels Greece enjoys 300 days of sunshine a year and almost 50% more sun radia.on than Germany, the global leader in solar PV 15

16 Why Greece? Producing where the resources are! Solar intensity means poten.al is far greater than 2020 targets Can be tapped to the benefit not only of Greece, but of other EU countries as well (average annual sun Irradia.on for Greece 1800 KWh/m 2, vis- à- vis 1285 KWh/m 2 for Germany) Ernst & Young Renewable energy country ahrac.veness indices report: Greece 6 th among 35 countries, regarding the solar index (takes into account power off take ahrac.veness, tax climate, market growth poten.al, installed base, recourse quality and project size) 16 6

17 The RES framework in Greece Na.onal target for RES: 20% on final energy consump.on, 2% above the mandatory 18% set by 2009/28/EC Specific targets for RES electricity (40%), RES hea.ng and cooling (20%) and RES transport share (10%) Targeted capacity for solar PV by 2020 = 2200 MW, 10 GW of PV for the year 2050 For the first half of 2011 total installed capacity was 274 MW and it is es.mated to reach 400 MW by end- year Plan foresees Interconnec.on of mainland Electricity Transmission Grid with the islands reserve and storage units (2 GW of pumped storage plants by 2020 and 4 GW of pumped storage plants by 2050) Simplifica.on of licensing procedures and designa.on of shorter issuing deadlines 17

18 Helios the Greek Solar Energy Project Expor.ng clean energy from the south to the north of Europe The Helios project aims to render Greece the showcase of Solar PV development in Europe s Sunbelt and the main driver of the country s green economic growth by: mone.zing an abundant natural resource (solar energy) crea.ng favorable condi.ons for sustainable development in the solar energy sector facilita.ng other Member States in achieving their 2020 RES targets by offering more ahrac.ve investment returns for solar PV projects (higher yields for the same cost of investment) 18

19 Helios - Project Scope The target: to produce 3 to 10 GW of solar generated electricity (At an average investment cost of 2m /MW the investment for 10 GW is approximately 20 billion Euros) The method: Develop a cooperafon mechanism with other EU Member States under the European Renewable Energy DirecFve : StaFsFcal transfer (ArFcle 6) Joint projects (ArFcle 7) Joint support schemes (ArFcle 11) Project Helios presents a mutually beneficial coopera.on scheme. A member state with low or expensive RES potenfal (the receiving state) can use renewable electricity produced in another country with higher RES potenfal and lower producfon costs (the exporfng state) to comply with their nafonal target, achieve significant cost savings and facilitate the achievement of the overall European target for

20 Helios - Project Framework Under the coopera.on mechanism, the Hellenic Republic will provide an all- inclusive planorm to encourage and facilitate investments in the solar sector, by presen.ng poten.al investors with turn key fully licensed project SPVs in specific state- owned site loca.ons, free of any administra.ve and bureaucra.c barriers. This entails: Appropriately selected State- owned land parcels across Greece. Achieving a target of 10 GW in solar generated electricity requires approximately 200 Km 2 of land. The parcels will be leased out for a specific Fme period (e.g.25 years) Fully licensed trouble free projects with final stage operafng permits Relevant connecfon agreements with the NaFonal Grid 20

21 is physical transfer an op8on? Grid development in the European Network of Transmission System Operators for Electricity is a prerequisite to ensure electricity market liberalizafon and large- scale penetrafon of RES. EU CommunicaFon regarding energy infrastructure priorifes for 2020 and beyond: proposal submissions to develop a blueprint for an integrated European energy network. Transmission of GW generated from PVs I Greece towards central Europe is currently technically feasible with potenfal congesfon point the border of Italy- Slovenia- Hungary Reinforcing the interconnecfons between Greece and other EU countries and the development of interconnecfons within Greece (mainland and Greek islands) will be necessary. South to north transmission will require trans- border transmission rights in all intermediate borders. Under the exisfng framework rights are granted through aucfoning on a yearly, monthly or daily basis. 21

22 Benefits of Helios For the investors: Extremely acracfve from an investment point of view as for the same cost of investment the higher insolafon generates significantly higher returns on investment For Greece: Involves significant inward FDI, employment creafon, tax receipts, building up RES capacity, a potenfal large privafzafon project, improves growth prospects For Germany: Generates significant cost savings by using RES produced in a country with higher RES potenfal and lower producfon costs, assists in meefng the RES targets. For Europe: Catalyst to promote interconnecfon strategy, promotes EU technology & equipment, fits in perfectly with the European growth strategy The Helios project is a feasible mid- term project, while others such as the Mediterranean Solar Plan remain a long term vision, facing important technological, economic and poli>cal challenges 22