SOLAR LEASING & WHEELING IN JORDAN - By: Omar Sadder November 13, 2018 - Middle East Solar Industry Association
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
SOLAR LEASING & WHEELING IN JORDAN By: Omar Sadder November 13, 2018
AGENDA
• Jordan Market Overview
• About YDE
• About Solar Wheeling in Jordan
• About Solar Leasing
• WAA Case Study
2
JORDAN’S ENERGY MIX BY 2020
• Jordan aims for 22% renewable
energy, 14% of which are solar, in Fossil Fuels
11%
its energy mix by 2020.
• The country’s favourable solar
wheeling regulation facilitates Renewable
Energy
rapid expansion of solar plants 22%
around the country.
• YDE is well positioned to
Natural Gas
leverage favourable wheeling 67%
regulation and market conditions to
maintain its market leadership.
3
Source: Jordan Ministry of Energy and Mineral Resources
ABOUT YELLOW DOOR ENERGY
OUR VISION
“
Yellow Door Energy’s vision is to power
emerging economies reliably, efficiently
and sustainably.
Our dedicated team of professionals are
working hard to reach $1 billion worth of
solar plants in the region.
We hope you will join us on this journey.” Jeremy Crane
CEO & Co-Founder
Yellow Door Energy
5
OUR STORY
A FOCUSED MISSION
We provide our customers with reliable, efficient and sustainable
energy solutions.
We do this by investing in distributed solar and energy efficiency
infrastructure for commercial and industrial businesses in the Middle
East, Africa and South Asia.
EXPERIENCED PARENT COMPANY
Yellow Door Energy was founded in 2015 as a spin-out from
Adenium Energy Capital, a leading solar investor in the Middle East
with $500 million of solar assets worldwide.
MARKET LEADERSHIP IN JORDAN AND THE UAE
We are the first mover and market leader in Jordan and the UAE for
solar leases. We are investing in solar lease projects which help
commercial and industrial customers reduce their electricity costs.
6
ACHIEVEMENTS TO-DATE
We were founded in 2015 and have since grown to a team of
>20 professionals specialized in solar PV and energy efficiency projects.
57
MWp
CONTINUED GROWTH SOLAR LEASE ENERGY SAVINGS
IN MARKETPLACE PROVIDER CONTRACTS
We have signed over 57 MWp We provide solar leases to We provide shared energy
of solar contracts in Jordan help customers go solar savings contracts to help
and the UAE. Our exceptional with no upfront investment building owners save money
reputation propels our growth. and no operational risk. and reduce GHG emissions.
7
COMPANY VALUES
Quality Innovation
We strive for quality in everything we do, We welcome innovative ways of doing business.
such as providing high quality work and
procuring high quality equipment.
Sustainability
Reliability We strive to reduce our carbon footprint and
We do what we say we do. Our customers consider our impacts on the surrounding
can rely on us for years to come. environment and community, and help our
customers do the same.
Efficiency
We manage our resources and time
efficiently. Similarly, we manage our investors’
capital efficiently to maximize their returns.
8
THOUGHT LEADERSHIP & INDUSTRY
ASSOCIATION
Yellow Door Energy’s representatives regularly speak at industry conferences to share best
practices in developing successful solar and energy efficiency projects in MEA and beyond.
We’re proud members of leading industry associations
to advance the sustainable energy transition.
9
EXISTING MARKETS: JORDAN & THE UAE
With 57 MWp of solar contracts signed and 6 MWp of projects
already operating, we are well positioned to continue our
leadership in existing markets.
STATUS JORDAN UAE TOTAL
Operating 3.96 MWp 2.13 MWp 6.09 MWp
Construction 4.35 MWp 12.40 MWp 16.75 MWp
Signed 30.64 MWp 3.52 MWp 34.16 MWp
Total 38.95 MWp 18.05 MWp 57.00 MWp
10JORDAN PROJECTS – DIVERSIFIED PORTFOLIO
CUSTOMER SYSTEM SIZE INDUSTRY STAGE
Specialty Hospital 2,090 kWp Healthcare Operating
Istiklal Mall 1,870 kWp Retail Operating
Taj Mall 4,350 kWp Retail Construction
Jabri Restaurants 1,250 kWp Food Signed
Jordan Hospital 1,850 kWp Healthcare Signed
Aseza AQABA
5,500 kWp Government Signed
Special Economic Zone
Classic Fashion 5,540 kWp Retail Signed
GID 16,500 kWp Government Signed
11SOLAR WHEELING IN JORDAN
BUSINESS CHALLENGES IN JORDAN
Doing more with less money
and fewer resources
Coping with rising and
uncertain utility prices
Managing stakeholders’ increased
awareness and expectation for
sustainable business practices
13
311 kWp Rooftop Solar Plant in Dubai Investments Park – Elcome InternationalWHEELING IN JORDAN
Wheeling creates an opportunity for businesses to be more efficient, and thus
competitive locally and internationally.
Cost Comparison Utility vs Solar
USD/kWh
1 2 3
75
50
25
0
• What is Wheeling?
Utility Solar
1. Customers would like to benefit from solar
energy, BUT they are limited by the amount of
• Lack of national carbon resources Jordan space available on their premises.
means electricity is relatively expensive
2. Wheeling legislation allows customers to install
• Lots of sunlight makes solar energy a solar on land far outside the city, and connect
very competitive source for power using the grid with a small fee for grid use
• World-class legislation allows for private
3. Clean affordable electricity means that
customers to benefit from solar energy Jordanian companies are more competitive
14WHY IS SOLAR POWER IMPORTANT?
POTENTIAL CHALLENGES HOW SOLAR POWER
CONFRONTING BUSINESSES TODAY ADDRESSES SUCH CHALLENGES
Doing more with less money Switch to a
and fewer resources clean source of energy
Coping with rising and Lower utility bills
uncertain utility prices by 10-30%
Managing stakeholders’ increased
Reduce CO2 emissions
awareness and expectation for
and enhance sustainability
sustainable business practices
15HOW DOES IT WORK?
A healthy number of committed customers allows YDE to build a portfolio of
high value commercial off-takers.
1 3
We are building mini The energy is allocated
solar plants to customers through
throughout Jordan long-term solar leases
2
Utilizing wheeling
regulations, we deliver
energy to a portfolio
of consumers
16ABOUT SOLAR LEASING
OUR OFFER: SOLAR LEASING
WHAT IS IT? WHY IS IT IMPORTANT?
A performance-based long-term contract which
Provide no upfront investment and only pay
does not expose you to any technical or
when the plant starts producing electricity;
performance risk on your solar plant.
Yellow Door Energy manages all stages of the
Focus on your core business and entrust
solar plant and you pay a monthly solar bill
the solar plant to Yellow Door Energy;
once the solar plant starts producing electricity.
This is a Build-Own-Transfer structure so the Manage electricity costs in the long-term
solar plant belongs to you at the end of the with a known solar electricity price, which is
lease. lower than the local utility’s tariff.
18WADI AL ASH CASE STUDY
OPERATING PROJECTS IN JORDAN
The Specialty Hospital & Istiklal Mall
3.96 MWp Wheeling Solar Project
Ground-mounted with tracker
Commissioning Date: October 2018
Wadi Al Ash Valley, Jordan
20OPERATING PROJECTS IN JORDAN
21AMMAN MAYOR ATTENDED OPENING
CEREMONY
His Excellency Yousef Al-Shawarbeh, Mayor of Amman and His Excellency Engineer Farouq Al Hiary,
Chairman of Board of Commissioners, CEO of the Energy and Minerals Regulatory Commission (EMRC) in
Jordan attended the Yellow Door Energy Solar Park Opening Ceremony on October 16, 2018.
22PROCESS IN JORDAN
Jordan solar wheeling permitting process is well-defined.
Expected
Step Requirements Applicable to
Time
Utility Initial Submit request to utility including size,
Utility 1 month
Approval location and consumer
Environmental assessment on land
Land Permitting Municipality 1 month
Municipal zoning approval on land
Grid Impact
Submit technical package to utility Utility 2 months
Study (GIS)
Interconnection Produced by utility in standard template
Utility 1 month
Agreement Signed by consumer
Submit interconnection agreement, Land
EMRC Licence permits, technical package, and all EMRC 1 month
approvals
Total Time: 6 months
23CHALLENGES AND POTENTIAL SOLUTIONS
Captive solar provides many benefits to customers. However, there are some
challenges to be addressed.
CHALLENGES SOLUTIONS EXAMPLES
Policies and Net Metering; Shams Dubai;
Regulations Wheeling Wheeling in Jordan
Financial No Upfront Investment; YDE Funds Installation Costs;
Challenges Known Solar Tariff Agreed-upon Solar Tariff
Technical Hire Solar Experts with YDE’s Technical Team;
Challenges Relevant Experience Approved Contractors and Suppliers
Business Entrust to Third Party YDE’s Services
Focus
24THANK YOU! OMAR SADDER Business Development Manager Yellow Door Energy Omar.Sadder@YellowDoorEnergy.com +971 50 622 0398
You can also read
