Welcome to the webinar! - We will start within a few minutes - The Solar Future Greece
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Welcome to the webinar! We will start within a few minutes
About Solarplaza
“To positively impact the world by accelerating the
Sustainable Energy Transition"
• Established in 2004
• 100+ events
organized
• In 30+ countries
worldwide
• Network of 60.000+
solar PV professionals
Upcoming Solarplaza Events
In anticipation of... greece.solartrademission.com
Key Characteristics
Webinar Program
15:00 Introduction by chairman
Kristiaan Versteeg - Project Manager Solarplaza
15:10 Status, opportunities and challenges in the Greek PV market
Stelios Psomas - Policy Advisor HELAPCO
15:30 Practical experiences tender program & project development
Panagiotis Sarris - General Manager Solar International ABO Wind AG
15:50 Q&A
16:00 End of Webinar
Stelios Psomas
Policy Advisor HELAPCO
http://helapco.gr/en/
● Leading Greek PV consultant and lobbyist
● Started campaigning in for PV in 1995
● Current role: policy advisor at the Hellenic Association of
Photovoltaic Companies (HELAPCO)
● Actively involved in the introduction and drafting of PV-
related legislation in GreeceOpportunities in the Greek Solar PV Market:
Tenders and beyond
WEBINAR, Wednesday 12 September 2018
STELIOS PSOMAS /// POLICY ADVISOR - HELAPCOWebinar presentation content • Status and history of the Greek PV market • Current developments and opportunities of the Greek market • Impact and overview of the Greek tender program
Milestones of the Greek PV Market
2006 2010 2011-2013
Introduction of Simple
feed-in-tariffs (FiT) authorization Market boom
for PV procedures
2013-2014 2016 2018
Retroactive FiT Introduction of Tenders become
cuts & freezing of tenders and first the norm.
new projects pilot tender Costs go down.Some remarkable figures 7% of electricity demand in Greece is covered by PV, bringing Greece to the third place worldwide with regard to PV contribution to electricity needs. Greece ranks 5th worldwide with regard to installed PV capacity per capita. 5 billion € invested in PV so far in Greece. Despite the retroactive cuts back in 2014, project returns remained high for asset owners, and the bankability of their projects remained intact. In fact, even after the FiT reductions, the PV market in Greece has the lowest non-performing loan track record (there are practically no NPLs in the sector).
Eliminating regulatory risks On June 16th 2016, the Greek Government agreed on a Supplementary MOU with its creditors, which tried to put an end to the previous uncertainty. According to this MOU: “By June 2016, the authorities will: … (iii) as a milestone amend the current legislation on ETMEAR and/or the structure of the RES account while respecting existing contracts in line with European Union rules, to ensure that the debt in the RES account is eliminated over a 12-months forward looking horizon (not later than June 2017); the account will be kept annually in balance onwards”. The RES account had indeed a surplus by the end of 2017 and is expected to be kept in balance from now on.
Long-term energy planning A long-term energy planning is underway now in Greece. Preliminary target for PV till 2030: 6-6.5 GWp This translates to an average annual market of 300 MWp.
Auctions in place A new support scheme for renewable energy, consistent with the Guidelines on State aid for environmental protection and energy 2014- 2020 (and based on competitive tenders and feed-in-premiums) was introduced in 2016. A pilot auction for 40 MWp took place in December 2016, and another one on July 2nd 2018.
Results of latest auction (July 2nd 2018) Category Ι (1 MWp) 8 projects approved (total capacity 52.9 MWp) Min price: 62.97 €/MWh Max price: 71 €/MWh Avg. price: 63.8 €/MWh Next auction: Q4-2018
Pre-Qualification Criteria for tenders Although in the future RES projects at an earlier stage of development might be eligible to participate in tenders, RAE (the competent authority for auctions) has ruled that for the 2018 rounds, all project owners must have secured a Production License (required for systems >1 MWp)) and a Connection Agreement or a Final Grid Connection Terms Offer, both in force. In the event that a legal entity or natural person owns more than one RES plants for which it submits additional applications, it can participate in the auction by submitting an application for each station separately via the certification and subscription to the e-platform as a separate user. For the purpose of ensuring satisfactory levels of competition, a 75% Competition Surplus rule applies. More specifically, the sum of the capacity of all participants included in the ‘Final List of Participants’ must exceed by 75% the tendered capacity of each category.
Participation Fees, Bid Bonds and Performance Bonds Applicants must also pay a participation fee and submit a Bid Bond. The participation fees are: €500 for PVs up to 1 MW; ii) €1,000 for PVs from 1 MW and up to 20 MW The Bid Bond is set at €10 per kW of installed capacity. If a participant is not successful in the auction, the Bid Bond shall be returned to them upon issuance of RAE’s decision on the final results of the Tender Process. The Performance Bond is intended to ensure that the project is installed and starts operation within the deadlines set by RAE. The 4% Bond Value: The sum of the bonds submitted to RAE by the participant for the specific project in the context of the Tender Process must be equal to 4% of the total investment, taking as a calculation base an estimated installation cost of €1,000/kW.
Deadlines for completion of projects 12 months for PV systems with a capacity PPV ≤ 1 MW 15 months for PV systems with a capacity 1 MW < PPV ≤ 5 MW 18 months for PV systems with a capacity 5 MW < PPV ≤ 20 MW A six month additional extension to each of these deadlines is provided for those projects connected to the grid via a substation.
Financing PV projects in Greece Greek Banks offer the following terms for PV financing: • Long-term loan up to 70% of investment cost • Tenor: 10-14 years • Interest rate: 4%-5% (including fees)
Panagiotis Sarris
General Manager Solar International at ABO Wind AG
https://www.abo-wind.com/en/
● General Manager Solar International at ABO Wind AG
● Responsible for development Greek market
● Active in solar sector since 2007 (ABO, Suntechnics, Juwi..)
● Vice-chairman for the national solar association HELAPCO
in 2009-2014
● ABO Wind was awarded a tariff for 45 MW of solar
distributed over 5 projects in July 2018 tender roundGreek renewables market Panagiotis Sarris, 12/9/2018
Contents
Company
Market entry
Market analysis
Necessary steps
27Company
Pioneer of Renewables
▪ Founded in 1996 in Germany
▪ More than 400 employees worldwide with
an annual project volume of around
EUR 300 million
▪ 2 GW realised, of which
1.4 GW commissioned to date
▪ Operation & Maintenance for most
commissioned projects (> 1.2 GW)
Dr. Jochen Ahn Matthias Bockholt Andreas Höllinger
28Company
ABO Wind International
Scotland Finland
Northern Ireland
Canada Ireland Germany
France Hungary
Greece
Spain Iran
Tunisia
Colombia
Tanzani
a
Argentina South Africa
29Company
Range of Activities Full Solution Provider
EPC for Power
Project Turnkey
Plants and Repowering
Development Construction
Substations
Photovoltaic Renewable Operations &
Systems Energy Projects Maintenance
Bioenergy & Hybrid and
Wind Waste Energy
Off-Grid
Farms Fermentation Storage
Solutions
30Market entry
Major milestones
▪ June 2017 – first market contacts
▪ December 2017 – first application for
Production License submitted to RAE
▪ March 2018 – local subsidiary ABO Wind
Hellas SA established
▪ July 2018 – successful participation in the
solar auction
▪ March to September 2018 – further
applications for Production License
submitted to RAE
31Market entry
Country strategy
▪ Long term perspective
▪ Wind and solar technology, eventually
hybrid and storage
▪ Greenfield development and acquisition of
mature project rights
32Market analysis
Positive view
▪ Existing legal framework & targets short
term
▪ Mature market (planning, installation &
maintenance know how)
▪ EU / Eurozone country recovering from
financial crisis
▪ Significant RES capacity
▪ High spot market electricity prices and
liberalization almost completed
33Market analysis
Challenges
▪ Financing conditions far from European
standards (leverage and interest levels,
pay-back period)
▪ Investors & banks still reluctant to proceed
(country risk, phase out of FiTs)
▪ Long lasting licensing procedures
▪ Various opex parameters still undefined
(balancing, levies, taxation etc.)
▪ Local developers and land owners still living
the euphoria of high FiTs
▪ Environmental legislation under revision
34Necessary steps
Licensing processes
▪ Licensing process should be reviewed and
simplified to accelerate project maturing →
• It prescribes steps that have eventually
become of limited importance (e.g., given
the strong role of RAE at the auctions, PL
processes could be easily integrated in
subsequent development steps)
• It currently consists of numerous
amendments, which are difficult to follow,
many times contradictory and/or
irrelevant to current status (e.g. the
different types of securities prescribed
could be integrated under a single
scheme)
▪ Deadlines should be prescribed, forcing
authorities to review applications without
unreasonable delays
35Necessary steps
Auction system
▪ Various rules and parameters of the
process should be reviewed and amended
accordingly →
• Duration (time extension should be
prescribed in case of hit during the last
e.g. 15 seconds)
• Priority (larger projects with low offers
should be allowed to secure a tariff even
if the remaining capacity is insufficient)
• Oversubcription (the 75% level should be
lowered, given the low number of mature
projects)
▪ Auctions for immature projects should be
prescribed for the non-awarded capacity
(combined with a fast track licensing
process for successful bidders)
36Q&A time Kristiaan Versteeg ● Email: kristiaan@solarplaza.com ● Phone: +316 36149517 Kostis Tzanakakis ● Email: kostis@solarplaza.com ● Phone: +31 103027916
Upcoming Solarplaza Events Website: greece.solartrademission.com
You can also read
