Mike coombs

236 views
135 views

Published on

TBLI CONFERENCE™ EUROPE 2011- London - United Kingdom

TBLI CONFERENCE™ is the prime annual global networking and learning event on Environment, Social, Governance (ESG) and Impact Investing.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
236
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Mike coombs

  1. 1. CSP in North AfricaLow carbon, sustainable and cost competitive electricity Mike Coombs, CFO Nur Energie Ltd TBLI Conference, London - Thursday 11th November 2011
  2. 2. IntroductionMike Coombs, CFO Nur Energie Ltd• Independent solar power plant developer• over 3GW of concentrated solar (CSP) 2 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  3. 3. 1. The challenge of sustainable low carbon power2. The opportunity through solar in North Africa3. Turning the opportunity into reality4. The relative sustainability of low carbon technologies5. Conclusion 3 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  4. 4. Sustainable low carbon electricity – the challengeThe energy market is evolving as we move from our dependency on fossilfuels…• Intermittent Energy• Grid integration and balancing• 50GW of European baseload capacity will be retired by 2015• Nuclear energy in Germany to be phased out by 2022• Italy, Belgium and Switzerland voted against future nuclear power. 4 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  5. 5. But there is an opportunityInvesting in renewables is most effective at protecting the climate if it is done wherethose energy sources are most abundant…• Sahara = abundant land and solar resource• Existing technologies can provide the solution 5 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  6. 6. Advantages of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 6 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  7. 7. Advantage of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 7 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  8. 8. Solar energy is available in abundance…Energy from deserts compared tofossil and nuclear resources.All known reserves:Gas 2 weeks sunOil 2 weeks sunUranium 2 weeks sunCoal 22 weeks sunAll known and projected reserves:= 40 weeks sun 8 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  9. 9. … potential for clean energy from North Africa is huge… Solar energy in the red square = World electricity consumption 9 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  10. 10. … creating a true North and South solution. 10 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  11. 11. Significant land availabilityCSP tower projects in North Africa can be very large scale…• Modular formation, up to 250MW per tower (BSE Rio Mesa);• Can be built on undulating land;• Water requirements are very low due to air cooling. 11 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  12. 12. 12 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  13. 13. Advantage of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 13 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  14. 14. Baseload powerCSP with molten salt storage means the ability to create baseload power…• Proven technology• Removes intermittency• Allows production to be matched to demand 2GW CSP Plant Production with storage 600 500 400 MWh 300 200 CSP Production With Strorage 100 0 0.30 1.00 1.30 2.00 2.50 3.00 3.30 4.00 4.30 5.00 5.30 6.00 6.30 7.00 7.30 8.00 8.30 9.00 9.30 0.00 10.00 10.30 11.00 11.30 12.00 12.30 13.00 13.30 14.00 14.30 15.00 15.30 16.00 16.30 17.00 17.30 18.00 18.30 19.00 19.30 20.00 20.30 21.00 21.30 22.00 22.30 23.00 23.30 Time of Day 14 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  15. 15. Advantage of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 15 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  16. 16. Efficient transport of powerHigh Voltage Direct Current (HVDC) cables will transport the electricity to Europe…HVDC Cables• Proven technology• Minimal loses (3% per 1000km) HVAC and HVDC Cable Technology Comparison Holland to Norway Cable (operational) 16 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  17. 17. Advantage of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 17 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  18. 18. LCOE of CSPLCOE of CSP Towers is very competitive …• CSP Towers are efficient;• Saharan solar resource + large-scale use of solar tower technology = lower LCOE• 60% of the capex can be done locally (simple mirrors etc) = further cost reductions. 18 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  19. 19. LCOE comparison with other energy sources LCOE Comparison 180 160 140 120 Cost per MWh (£) 100 High 80 Central Low 60 40 20 0 Gas CCGT Nuclear Current Nuclear Future Onshore wind Offshore Wind Offshore Wind CSP Tower Current Future Future Current Data from Mott McDonald LCOE Analysis, DECC (UK) Electricity Market Reform Consultation except for CSP figures CSP Tower costs do not include storage or transmission – figures used from Lazard Analysis 19 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  20. 20. LCOE comparison with other energy sources LCOE Comparison 180 160 140 120 Cost per MWh (£) 100 High 80 Central Low 60 40 20 0 Gas CCGT Nuclear Current Nuclear Future Onshore wind Offshore Wind Offshore Wind CSP Tower Current Future Future Current Data from Mott McDonald LCOE Analysis, DECC (UK) Electricity Market Reform Consultation except for CSP figures CSP Tower costs do not include storage or transmission – figures used from Lazard Analysis 20 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  21. 21. Advantage of CSP in North Africa1. Scale2. Storage and baseload power3. Integration with European grid4. Cost5. Local value add 21 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  22. 22. Local value addFor a 2GW project up to 60% of the total value-add could be generated locally….1. Specialist Work - Using local partners, development and engineering firms2. New Manufacturing Industries - 825,000 heliostats for 2GW project manufactured locally;3. Job Creation during Construction - 1500 direct jobs, 20,000 jobs created indirectly across the whole supply chain;4. Job Creation during Operation - 500 long terms jobs created during the 25 years (plus) of the plants operational life;5. Future tax revenues 22 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  23. 23. TuNur Project - solar export from North Africa a reality Achievements to date: Solar site identified 2GW plant; One-year of solar radiation ground data High-level dialogue with Tunisian government over a land agreement established. Route survey for sub-marine HVDC cable completed (Statnett, Cesi , Metoc); 2GW Interconnection offer from Terna)obtained. Letter from major European utility company with interest in project and electricity off-take; Construction 2014/5 Operation 2015/6 23 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  24. 24. CSP v the alternatives – how sustainable are they Nuclear Offshore Wind CSP Trough in NA CSP Tower in NAFuel Finite (uranium) Infinite Infinite InfiniteavailabilityScale Large scale but low Large scale and Large scale and Large scale and expansion (limited large land availability large land availability large land availability land availability) BUT needs to have Does NOT need flat very flat land and land or much water access to waterProduction Base load Intermittent Storage reduces Storage reduces intermittency = intermittency = baseload production baseload productionCost (LCOE) LCOE competitive High LCOE High LCOE LCOE competitive BUT and at the top of decommissioning learning curve costs uncertainEnvironmental High (Mining, Low Medium Lowimpact decommissioning CSP trough has high CSP tower has low issues, Fukushima) water usage water usageEnergy High High Medium (but similar Medium (but similarsecurity to imported oil/gas) to imported oil/gas) 24 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  25. 25. ConclusionCSP export opportunities from North Africa are…• sustainable• scalable• economically viable• can provide significant local employment and• make a major contribution to decarbonising the world 25 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011
  26. 26. Nur Energie Ltd Mike CoombsCentre Point CFO, Nur Energie Ltd103 New Oxford StreetLondonWC1A 1DD T: +44 (0) 203 102 5357UK F: +44 (0) 203 102 5351 E: mac@nurenergie.com W: www.nurenergie.com 26 Mike Coombs, Nur Energie - TBLI Conference, 11th November 2011

×