15MWac UTILITY SCALE SOLAR FARM

Slides:

Advertisements

Similar presentations

AfDB Experience in Bioenergy Finance Geoffrey Manley Principal Investment Officer Private sector Operations Department African Development Bank.

Advertisements

THE GREEN ECONOMY TRANSITIONING TO A NEW DEVELOPMENT PARADIGM Presenter: Dr. Justine Ram Designation: Director, Economics Department Date: 24 February,

GREEN GROWTH ‘Reducing the impact on our environment’ Fabienne Poulet Environment Agency, UK.

Connecticut’s Energy Future Removing Barriers to Promote Energy Sustainability: Public Policy and Financing December 2, 2004 Legislative Office Building.

SUSTAINABLE ENERGY REGULATION AND POLICY-MAKING FOR AFRICA Module 14 Energy Efficiency Module 14: DEMAND-SIDE MANAGEMENT.

Wind energy in NZ 20% wind by 2030 Eric Pyle, Chief Executive, NZ Wind Energy Association.

Evaluation of LIPA’s Efficiency Long Island & Renewable Technology Programs Presented to: LIPA Board of Trustees By: Bill Norton Chief.

1 An Investment Framework For Clean Energy and Development November 15, 2006 Katherine Sierra Vice President Sustainable Development The World Bank.

Small Farm Profitability: Is Wind Energy the Answer? 1

US Renewable Energy Markets: Financial Perspective By Michael D. Ware Advance Capital Markets, Inc. Washington Council of Governments Washington, DC June.

Africa benefits from climate change via access to affordable, reliable and clean energy Paul van Aalst, Director E+Co Europe African Economic Conference.

Solar Energy Services: Delivering Cost Effective Solar Power March 18, 2004 Claire Broido SunEdison, LLC (443) 226.

Canada's Clean Energy Future Maximizing Long Term Employment & Economic Development for Aboriginal Communities and Peoples LUMOS Clean Energy Value Advisors.

GSA National Capital Region Energy Efficiency Exchange Renewable Energy Projects w/ Private Funding Ronald Allard National Capital Region Energy Branch.

Energising your Budgets Bruce Pittingale Carbon Special Reserve

PURDUE’S SOLAR ENDOWMENT UTILITY SCALE SOLAR VALUE.

Energy Transition: Reforms, Investment and the Post-Paris Agenda Dr. Robert Ichord CEO, ICHORD VENTURES, LLC February 4, 2016.

State Of Wisconsin Programs and Incentives for Energy Efficiency and Renewables MEGAN LEVY DIRECTOR OF LOCAL ENERGY PROGRAMS WI STATE ENERGY OFFICE MARCH.

Cheryl Hiles, Director of Sustainable Energy Delivery.

Supporting Scaled Up Private Investments in Clean Energy Infrastructure. Washington, D.C., October 6&7, 2014.

15MW ac UTILITY SCALE SOLAR FARM Municipal Association of Victoria 12 th July 2016.

Alternative financial Models:

Indigenous and Northern Affairs Canada –

Developing Mid-scale Solar for Council

Introduction to Sustainable Procurement Principles for Building Efficiency Building Efficiency Accelerator 19 July 2016.

Community Solar Dan McIlroy Clean Energy Collective.

Massachusetts Clean Energy Center Budget Overview

Feasibility study to use waste as fuel for cement factories

Energy Union: an integrated approach to R&I

GEF Support for Renewable Energy in SIDS and The Paris Agreement

Solar Market Pathways Leadership Academy

Healthier, Wealthier Cities: Climate Action in Cities

15MWac UTILITY SCALE SOLAR FARM

Heat Networks Delivery Unit

City of Calgary Brightfield Case Study

PV SOLAR PROJECT OPPORTUNITIES

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Hybrid Solar Wind Energy Storage Market to grow at 9%+ CAGR from :

Development of Solar PV Projects on Brownfields

Kelly Zering Dept. of Agricultural and Resource Economics

About Saint Lucia Located in the Caribbean AREA:238 sq. miles,

November 1-3, Port of Spain, Trinidad

Bridging State Policy to Local Implementation

Indian Energy Initiatives Panel

Alternative scenarios

Reforming the Energy Vision in New York State

to study potential renewable energy projects

Shaimerden Chikanayev GRATA Law Firm 8 June 2018

European cities confronting the financial and economic crisis

Newcastle Launch Thursday 23 May.

Financing Renewable Energy

The Changing Landscape for Renewable Energy Financing and Support

A Global Perspective on Greening the Transport Sector

Future Energy Jobs Act: Public Sector Impacts

ADB’s experience with financing renewable energy projects

SOUTH AFRICAN INSURANCE ASSOCIATION

Metropolitan Mayors Caucus Illinois Energy Bills

REVIEW OF KENYA ENERGY MIX FOR SUSTAINABLE DEVELOPMENT

Communities and the Low Carbon Transition

Arizona Public Service Company 2012 Renewable Energy Standard Implementation Plan Arizona Corporation Commission Open Meeting August 17, 2011.

Greater South East Energy Hub Community Energy and Neighbourhood Planning 24th January 2018 John Taylor.

Community Energy Community energy is collective active to reduce, purchase, manage and generate energy. There is emphasis on local engagement, local leadership.

Meeting the challenge: Electrification and Climate Change

The WSCC ‘Your Energy Sussex’ Programme

How Small Developers and EPC Contractors Can Add PPA Financing to their Arsenals John Langhus, VP Business Development Midwest Solar Expo 2019 New Energy.

Coin street neighbourhood centre, London 14 September 2018

Workshop Outline What are community shares? Why use community shares?

Scaling up of Renewable Energy for Power Generation in the Western Balkan countries

Municipal Solar: Taking the lead on a growing renewable movement.

Mayors’ Commission on Climate Change

Mayors’ Commission on Climate Change

Presentation transcript:

15MWac UTILITY SCALE SOLAR FARM Municipal Association of Victoria 12th July 2016

THE PROJECT Sunshine Coast Council 100% Financing a 15MWac PV build Located within SCC boundary Grid connected Initially provide 30GWh power annually Exhaustive 4 year process Reached Financial Close EOI/Tender process for D&C and O&M Construction is underway

THE PLAN

THE DRIVERS Renewable Policy Is Policy at all Cost? Climate Change & Peak Oil Strategy 2010-2020 Energy Transition Plan 2010-2020 Rural Futures Strategy Regional Economic Development Strategy 2013-2033 Is Policy at all Cost? ‘Traditional’ Renewable Project delivery not financially viable PPAs, commercial providers, Green Power etc Renewables Policy created an ‘Investment Problem’

FRAMING THE BACKDROP

FRAMING THE BACKDROP Can enough be saved on energy usage to justify Investment?

THE ALTERNATIVE

THE ALTERNATIVE

THE ALTERNATIVE

LGAs – THE IDEAL RENWABLE INVESTOR Council is its own customer Removes margin and credit risk making it cheaper Not a selective use of capital One way or another electricity usage is going to cost ~$80million Low financing costs Council is not looking for excess returns Longer-term view Economic and Social benefits No value to a commercial player

THE CHALLENGES Community concerns Visual Amenity Property Value Impact “How can Council do this if a commercial player cannot’ Site location is a critical constraint Grid connection is key & cheap land comes with it’s own issues Grant Funding General scepticism Managing the internal decision process

THE BENEFITS Exceeding Community endorsed Policy aims (with Savings!) SCC - 100% green power (~30GWh annually) Reinforcing Sustainable Regional Credentials Drives local investment and growth Leverage natural Social & Environmental benefits Budget for a learning/R&D centre with Education programs, school visits Near term/follow on Economic investment Cleantech sector investment encouraged Strengthen Academic ties

CONTACT Gary Kelly Director – Resource Analytics Mobile: 0429 441 834 Email: gary@resourceinnovations.com.au