Bizando - Hybrid thermodynamic 175KW - Opportunity for Investment in Renewables

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Hybrid approach based on Solar concentration and Biological combustion

Hybrid approach based on Solar concentration and Biological combustion

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  • 1. OPPORTUNITY  FOR  INVESTMENT     IN  RENEWABLES   HYBRID  APPROACH  BASED  ON  SOLAR  CONCENTRATION  AND  BIOLOGICAL  COMBUSTION    
  • 2. Agenda   §  About  us   §  The  origin  and  the  inspiration   §  The  HT  system     §  How  does  it  work   §  The  regulatory  framework   §  HT  175KW  –  Costs/revenues  analysis   §  Cash  flow   §  Operational  phases   §  Our  proposal  
  • 3. About  us   §  Since  2010  Bizando  has  been  active  in  the  renewable  energy  sector  by  supporting  the   production  of  energy  from  sources  whose  use  does  not  affect  natural  resources.   §  Bizando  has  participated  actively  in  the  development  of  large  photovoltaic  and  wind   projects  in  different  Italian  regions,  including  Basilicata,  Campania,  Lazio  and  Sardinia   §  Bizando  operates  through  a  network  of  commercial  and  technical  partners  by  offering   personalized  and  comprehensive  services:   §  §  addressing  the  requirements  of  the  projects     satisfying  the  objectives  of  "value  for  money"  imposed  by  the  client   §  Bizando  is  able  to  offer  solutions  "turnkey"  in  the  field  of  renewable  energy,  with  particular   reference  to  the  mini  wind  turbines  and  hybrid  thermodynamic  systems.   §  Bizando  is  also  active  in  other  areas,  such  as  management  consulting  in   telecommunications,  the  supply  of  mass  SMS  mode  'managed  service'  and  the   development  of  apps  for  all  types  of  mobile  devices  
  • 4. The  origin  and  the  inspiration   §  The  system  based  on  concentration  for  production  of   energy  has  been  inspired  by  the  famous  mathematician   and  inventor  Archimede  Pitagorico,  the  Syracusan.  In  the   famous  battle  of  Syracuse,  the  mathematician  used   burning  mirrors  to  repel  the  attack  of  the  enemy  ships.  In   essence,  sunlight  was  "concentrated"  with  mirrors  on   wooden  body  of  the  enemy  ships,  causing  burn  and  fire   hazard,  thanks  to  the  high  temperatures  reached  in  the   impact  of  projected  rays.   §  Concentration  plants  use  essentially  the  same  system.   They  focus,  using  special  lenses,  the  solar  rays  on  a  tube  of   glass  and  steel  (collector)  of  special  and  exclusive   technology   §  The  whole  thing  can  be  usefully  combined  with  the   generation  of  heat  obtained  by  burning  biomass  
  • 5. The  HT  System   §  The  “HT  system”  use  two  primary  sources  to  obtain   a  continuous  production  of  electricity:   §  The  sun  (via  Concentration  plants)   §   The  biological  combustion  realized  through  a  special   heat  source  (natural  gas,  biogas,  biomass)   §  Another  result,  very  useful  in  different  applicative   contexts,  is  the  production  of  thermal  energy  that,  if   used,  can  lead  to  CAR  certification  (Certification  of   High  Efficiency).   §  The  respect  for  the  environment  is  guaranteed  by   the  values  of  pollution  produced,  which  is  almost   null.  
  • 6. The  HT  System  (cont.)   §  The  integrated  system  allows  the  collection  and   storage  of  solar  thermal  energy  and  its  use,  direct   and  deferred,  together  with  the  burning  of  plant   biomass  for  the  production  of  hybrid  electricity  with   cogeneration  of  thermal  energy  through  the   turbine.     §  The  thermal  energy  thus  produced,  can  be  used   directly  for:       §  producing  energy  (which  can  be  re-­‐used  on  site  or   delivered  to  the  grid);   §  warming  environments  and  /  or  sanitary  water;   §  cooling  environments  and  /  or  refrigerators;    
  • 7. How  does  it  work   §  In  the  tube  flows  a  liquid  (water  or  oil  thermodynamic)  which  is  heated  by  the   concentrated  sunlight  bringing  the  liquid  to  gaseous  state  (steam)   §  Also  a  boiler  powered  by  the  combustion  of  biomass  is  involved  for  further  heating  the   liquid.   §  The  steam  turns  turbines  that  generate  energy  through  an  alternator.  Therefore,  the   thermal  energy  is  transformed  into  mechanical  energy  and  this  in  turn  into  electricity.   §  With  the  capture  of  solar  energy,  can  be  estimated  a  huge  reduction  in  the   consumption  of  energy  from  biomass  burning  (up  to  40%,  depending  on  the  power,   the  size  of  the  solar  field  and  the  place  of  installation)  
  • 8. The  regulatory  framework   §  The  SP  system  is  perfectly  classified  in  specific  national  regulations  that  are  of  considerable   interest  for  the  efficiency  of  the  system.   §  The  Ministerial  Decrees  of  reference  are:   §  Decreto  11/4/2008  del  Ministero  dello  Sviluppo  Economico  -­‐  "Criteri  e  modalità  per  incentivare  la   produzione  di  energia  elettrica  da  fonte  solare  mediante  cicli  termodinamici”:     establishes  the  criteria  and  procedures  for  promoting  the  production  of  electricity  from  solar  energy   using  thermodynamic  cycles       §  Decreto  6/4/2012  delle  FER  Elettriche  -­‐  Art.28:     confirms  and  improves  the  previous  regulation  and  incentives  for  the  production  of  electricity  from   renewable  different  system  including  the  production  of  industrial  gas  /  biogas  /  biomass     §  The  incentives  for  the  thermodynamics  are  fixed  for  25  years     §  The  incentives  for  the  combustion  are  valid  for  20  years  and  regulated  by  feed-­‐in  tariff    
  • 9. The  authorization  aspects   §  Regulatory  compliance  is  one  of  the  assessment  criteria  in  financing  transactions,  since   a  picture  not  completely  outlined  may  result  in  situations  of  potential  administrative   litigation.   §  Article.  12  of  Legislative  Decree  no.  N.  387/2003  and  national  guidelines  in  DM   10/9/2010  state  that  single  interventions  depending  on  the  installed  power  may  be   subject  to  Prior  communication,  Report  of  Home  Activity  (DIA)  or  Single  Authorization   (AU).   §  Thermodynamic  Solar  Plant  with  a  capacity  of  no  more  than  999KW  can  be  made  with   the  discipline  of  the  DIA  (today  PAS,  the  simplified  authorization  procedure).  
  • 10. SP  175KW–  Costs/revenues  analysis   GENERAL  DESCRIPTION   §  Installed  electric  power  175KW:   §  §  §  Solar  Power   Biomass  combustion  (Sanse,  or  pomace)     Data  of  annual  energy  production:     §   Kwh/year  588.000 §  Biomass  Combustion  Kwh/year  882.000   §  §  Solar  Thermodynamics Total  Kwh/year  1.470.000   Energy  selling  price*:   §  Solar-­‐Thermodynamic  0,36€/KWh   §  Biomass  0,28€/KWh     *  Please  note,  for  conservative  estimates  we  have  not  taken  into  account  the  remuneration  related  to  CAR  
  • 11. SP  175KW  –  Costs/revenues  analysis   INVESTMENT’S  VALUE  (first  estimation)   §  Costs  of  the  Plant:     Land  acquisition   §  Engineering  &  Permitting     §  Construction/Civil  works     §  Connection  &  Network  works   §  175KW  plant   Total  turnkey  ~  1,5  ML€     §  §  Annual  operating  costs:     Operations  and  maintenance   §  Purchase  of  biomass   Total  180K€  /  year   § 
  • 12. SP  175KW–  Costs/revenues  analysis   REVENUES   §  Values  of  annual  sale  :     §  Sale  of  Solar  Energy  0.36€  /  kwh   0,36  X  588.000Kwh  =  211.680€     §  Sale  of  Biomass  Energy  0.28€  /  kwh     0,28  X  882.000Kwh  =  246.960€   §  Sale  of  Energy  (no  incentive)  0.083€  /  kwh   0,083  X  588.000Kwh  =  48.804€     Annual  Revenues:  ~507.440  €    
  • 13. SP  175KW–  Costs/revenues  analysis   FINANCIAL  PARAMETERS   §  INITIAL  INVESTMENT:  ~  1,5  ML  €     §  ANNUAL  GROSS  MARGIN:  >  300  K  €       §  PAYBACK  PERIOD:  ~  5  years     §  INTERNAL  RATE  OF  RETURN:  ~  20%     §  CASH  FLOW:  see  next  two  charts*   *  Please  note,  for  all  the  calculation  a  2%  inflation  has  been  considered  year  by  year  
  • 14. Preliminary  Cash  Flow  estimation  (years  0-­‐15)   Year 0   1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   Investment -­‐1.500.000,00  €                                 Sales Solar Thermodynamic    €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484     Sales Biomass    €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960     Total Sales    €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  507.444     Total Costs Gross Margin   -­‐1.500.000,00  €    €  180.000      €  327.444      €  183.600      €  323.844      €  187.272      €  320.172      €  191.017      €  316.427      €  194.838      €  312.606      €  198.735      €  308.709      €  202.709      €  304.735      €  206.763      €  300.681      €  210.899      €  296.545      €  215.117      €  292.327      €  219.419      €  288.025      €  223.807      €  283.637      €  228.284      €  279.160      €  232.849      €  274.595      €  237.506      €  269.938     Cumulative balance   -­‐€  1.172.556     -­‐€  848.712     -­‐€  528.540     -­‐€  212.113      €  100.493      €  409.202      €  713.937      €  1.014.618      €  1.311.163      €  1.603.490      €  1.891.515      €  2.175.152      €  2.454.312      €  2.728.907      €  2.998.845    
  • 15. Preliminary  Cash  Flow  estimation  (years  16-­‐25)   Year 16   17   18   19   20   21   22   23   24   25   Sales Solar Sales Thermodynamic Biomass Investment                      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  246.960      €  246.960      €  246.960      €  246.960      €  246.960               Total Sales Total Costs Gross Margin  €  507.444      €  507.444      €  507.444      €  507.444      €  507.444      €  260.484      €  260.484      €  260.484      €  260.484      €  260.484      €  242.256      €  247.101      €  252.043      €  257.084      €  262.226      €  167.471      €  170.820      €  174.236      €  177.721      €  181.275     Cumulative balance  €  265.188      €  260.343      €  255.401      €  250.360      €  245.218      €  93.013      €  89.664      €  86.248      €  82.763      €  79.209     Please  note,  the  values  are  very  conservative:   •  Sold  thermodynamic  energy  doesn’t  take  in  account  the  annual  increase  of  the  selling  price   •  Sold  biomass  energy  after  the  feed-­‐in-­‐tariff  period  is  not  reported      €  3.264.033      €  3.524.375      €  3.779.776      €  4.030.135      €  4.275.353      €  4.368.367      €  4.458.031      €  4.544.279      €  4.627.042      €  4.706.250    
  • 16. Operational  phases   Site   Pre-­‐Design   STMG   • Finding   • Preliminary   • Managing  the   suitable  area     design   request  of   for  the   • Business  Plan   connection  to   industrial   the  Grid   initiative   Network   • Site  report   • Permitting   • Acquisition  of   the  area  and   contracting   Construct   • Starting  Site   Work   • Supply   Management   • Construction     Test   GSE   • Testing  of  the   • Management   system  and  of   of  the  practice   the  plant   with  GSE   Operations   &   Maintenance  
  • 17. Our  proposal   §  Bizando  offers  a  program  development  framework  focused  in  Sicily  (Italy),  which   includes:     §  Systematic  search  for  suitable  sites  to  be  allocated  with  the  installation  of  1MW  plant   §  Support  to  all  administrative  practices  for  the  acquisition  of  sites  and  obtaining  all  necessary   approvals.     §  Design  and  construction  (turnkey  plant)     §  Management  and  operation  of  the  plant  for  the  entire  period  of  its  useful  life    
  • 18. Findings   The  project  proposed  by  Bizando  is  characterized  by  a  number  of  factors  extremely   positive:   §  Turnkey  approach,  by  the  acquisition  of  sites  to  the  plant  in  operation.   §  Authorization  process  very  streamlined.   §  Rates  of  return  on  investment  of  high  interest  (about  20%)   §  Ability  to  modulate  the  investment  coherently  with  the  needs  of  the  investor.  
  • 19. Contacts   info@bizando.com   This  document  is  only  a  general  overview  of  the  subject  treated  in  it.  In  no  way  is  meant   complete,  especially  without  adequate  technical  explanation  and  necessary  deepening.