• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Business Forum: Nuclear & Renewable Energy - Brown
 

Business Forum: Nuclear & Renewable Energy - Brown

on

  • 216 views

Presentation at the US-Saudi Business Opportunities Forum (Dec 5-7, 2011, Atlanta, GA). Jim Brown, President, Global Sales First Solar, presented at the panel titled, "Nuclear and Renewable Energy: ...

Presentation at the US-Saudi Business Opportunities Forum (Dec 5-7, 2011, Atlanta, GA). Jim Brown, President, Global Sales First Solar, presented at the panel titled, "Nuclear and Renewable Energy: Building Resources for the Future." His presentation was called "Solar PV: A Critical Component of KSA’s Energy Sollution.

Statistics

Views

Total Views
216
Views on SlideShare
216
Embed Views
0

Actions

Likes
0
Downloads
4
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment
  • 10 GW PV at 27% capacity factor (based on EPR for potential project in Saudi) results in 6.1% of total power supply (MWh). 10% of power supply would require ~16 GW PV.Oil displacement is for 10 GW in 2020. Degradation will result in lower oil-displacement over time.2020 load profile based on same hourly load as 2009 but increased at 5.6% CAGR (see back-up for analysis behind 5.6% growth assumption – 5.6% is conservative).PV output is relatively stable over the course of the year for the following reasons:Irradiance does not vary much between summer and winter due to Saudi Arabia’s southerly location (KSA occupies the same latitudes as Mexico) and relatively stable weather conditions (i.e., it’s sunny virtually the entire year).The gains in irradiance during summer are offset by performance losses due to higher temperatures. (CdTe temperature coefficient is less than other PV technologies, so offset due to higher temperatures is not as severe as with other PV.)

Business Forum: Nuclear & Renewable Energy - Brown Business Forum: Nuclear & Renewable Energy - Brown Presentation Transcript

  • Solar PV A Critical Component of KSA’s Energy Solution Jim Brown President, Head of Global Sales© Copyright 2011, First Solar, Inc.
  • First Solar Overview• Formed in 1999 and launched production in 2002 – NASDAQ listed. $5bn market cap today – Shipment of 5 GWs to date Place most recent Agua• Premiere PV Energy Solutions Provider photo here – A partner to Energy Buyer through shared focus on energy value – World-class capabilities in module manufacturing, project development, EPC, O&M, and project finance Solutions that span the value chain of a solar power plant First Solar 290 MW Agua Caliente project, Arizona• Lowest cost PV manufacturer in the world © Copyright 2011, First Solar, Inc. – Broke $1/watt barrier in Q4 2008 – $0.74/watt as of Q3 2011• Largest thin-film module manufacturer in the world• Proprietary technology and environmental leadership 2
  • PV Solar is cheaper today than oil-fired electricity at market prices of oil. $/kWh Electricity Price Ranges by Fuel Type 2010 Fossil Fuel Subsidies: $410 Billion $0.60  Subsidized electricity price 2010 Renewable Subsidies: $60 Billion  Non-subsidized electricity price Each column ranges from 10-80% capacity usage of $0.50 power plant TODAY $0.40 FS can achieve this electricity price* = ~$0.12-0.15/kWh $0.30 $0.20 © Copyright 2011, First Solar, Inc. $0.10 $0.00 Natural Gas Natural Gas Crude Oil Crude Oil Crude Oil Diesel OCGT Diesel OCGT Diesel Gen-Set Diesel Gen-Set ($0.75/MMBtu) ($4/MMBtu) ($2.65/bbl) ($60/bbl) ($100/bbl) ($5/bbl) ($80/bbl) ($5/bbl) ($80/bbl) Source: FS analysis. * At utility-scale level In Saudi Arabia 3
  • Snapshot of solar PV at 10 GW in 2020 2009 Annual Generation Profile Diesel HFO Crude Oil Today’s Energy profile in Saudi: Over 65% of Natural Gas electricity generated from oil-burning power plants Fast fwd to 2020 Energy demand soars 2020 Annual Generation Profile How much oil will Crude Oil, HFO & Diesel Saudi be burning? Natural Gas Solar PV © Copyright 2011, First Solar, Inc. Solar Guarantee in Saudi Arabia:  For every sunny day, 10 GW of solar will displace over 100,000 bbls of oil per day or over 40 million bbls of oil per year. ` Source: FS analysis, ECRA, SEC, IEA. Note: Daily load/output is modeled Winter Summer as hourly average per 24-hour period. * Based on comparison with oil-fired power plant at heat rate of 10,000 BTU/kWh. 4
  • Consequences of Burning Oil for Electricity © Copyright 2011, First Solar, Inc. 5
  • Coordinated deployment of a diverse solar portfolio adds energy andreinforces the transmission grid Representative Portfolio of Solar Assets PV-diesel hybrids and other off-grid / small-grid PV applications can cost-effectively satisfy medium and small loads Smaller (<50 MW) PV plants can provide grid support by being co-located with loads and substations © Copyright 2011, First Solar, Inc. Large-scale (>100 MW) PV plants should be proximate to transmission infrastructure 6
  • Final Thoughts on Solar Opportunity• Cost competitive today• Fastest path to new utility-scale electricity• Enables realization of the full potential of Saudi Arabia’s oil• Strategic deployment of solar improves transmission © Copyright 2011, First Solar, Inc.• Immediate and high value job impact• Optimized energy structure which will fuel economic growth 7