The Middle East - The new frontier for renewables

Renewable Energy in Saudi Arabia
The Middle East:
the new frontier for renewables
London, September 30th 2013

Drivers for Renewable Energy in Saudi Arabia
• Domestic oil consumption
increased 78% 2000-2010 –
increasing 6% per year
• Electricity generation mix
oil dependant
• Domestic consumption of
subsidised oil incurs a high
opportunity cost “Sell it
don’t Burn it”
Domestic Oil Consumption

Drivers for Renewable Energy in Saudi Arabia
• KSA wants to become a leader
in the global CSP industry (too
late for PV, Wind)
• KSA wants to reduce
unemployment
To Create a local RE Industry

Renewable Energy Policy in Saudi Arabia
• Royal Decree No. A/35, “there shall be established a scientific city to be
called ‘King Abdullah City for Atomic and Renewable Energy’”
• Focus on reducing domestic consumption of oil due to population
growth
K.A.CARE Established by Royal Decree - April 17th 2010
• Plan for 51GW of Renewable Energy (9GW Wind, 16GW PV, 25GW CSP)
• Introduction of Local Value Chain included as a goal
• Not yet signed into law
Fourth Saudi Solar Energy Forum – May 8th 2012
• Introduce Procurement Rounds, MWs, Process, Bid Bonds, Local
Content
• Localisation Forum Apr 2013
K.A.CARE Proposed Competitive Procurement Process for Renewable Energy Feb
‘13

Opportunities for Developers
• White Paper leading to Introductory Round
earliest Q4’13 - represents the largest
opportunity of over 50GW of renewable
projects
King Abdullah City of Atomic & Renewable
Energy (“KACARE”)
• Internal oil-based generation fleet of 1,000
MW is expected to be partially replaced by
solar power to free up exportable oil
• Small solar projects – developing Wind
Saudi Aramco
• Municipalities (e.g. Makkah) will attempt
projects, most likely solar, primarily as
industry creation and prestige projects
Municipalities

Opportunities for Supply Chain
• 51GW target – goal of 80% LC by 2045
• Manufacturing, Services, HR, Technology
• CSP: Mirrors, Receivers
• PV: full value chain (IDEA, Desert, PMD)
• Wind: Blades, Towers (Blade Dynamics)
• Services / Training / Dry Cleaning
(NOMADD)
K.A.CARE

Key Challenges
• Patience, patience, patience
• Market information
• Need local partner
Market
• No direct route to PPA (€32/MWh prices)
• Land very expensive and difficult
• K.A.CARE developing sites
Development
• Long wait for projects
• Intro round LC requirement very
challenging
Supply Chain

Contact Details
Alan Drew
General Manager Saudi Arabia
T: +49 30609854984
E: Alan.Drew@mainstreamrp.com
W: www.mainstreamrp.com

London,
30th
September,
2013

Value in Advisory Services
MaC GroupValue in Financial ServicesValue in Renewable Energies
TECHNOLOGY
CHALLENGES
IN

THE
BANKABILITY
OF
PV
AND
CSP

PLANTS
IN
THE
MENA
REGION

MaC GroupValue in Financial Services
PHOTOVOLTAIC

CSP
PARABOLIC

TROUGH

CSP
TOWER
HCPV

•  Dust
and
panel

cleaning

•  Water
availability

for
O&M
ac9vi9es

•  Dust
in
mechanical

elements
in
tracking

systems

•  Performance
of
PV

panels
under
high

temperature

condi9ons

•  Resistance
of

mirrors
and
Heat

Collector
Elements

(tubes)
versus

sandstorms

•  Corrosion
and

abrasion

•  Hydraulic
systems

performance

•  Water
availability

for
cooling
and

O&M
ac9vi9es

•  Central
receiver

tower
founda9on

•  Use
of
special

materials

•  Performance
of

heliostats
tracking

systems
under
dust

condi9ons
and
high

temperature

•  Water
availability

for
cooling
and

O&M
ac9vi9es

• Resistance
of

tracking
systems
to

dust
and
sand

• Lens
damage
from

sandstorms

• Tracker
founda9ons

• Precision
of
tracker

systems
under
high

wind
condi9ons

Middle East Technology Challenges

Bankability
PHOTOVOLTAIC

CRISTALLINE

PHOTOVOLTAIC

THIN
FILM

CSP
PARABOLIC
CSP
TOWER

REFERENCES
Proven
Proven
More
than
4
GW

Direct
steam
and

small
size
molten

salts

REFERENCES
IN

SIMILAR
AMBIENT

CONDITIONS

Proven

Proven,
short
track

record

Shams

Under
construc9on

PERFORMANCE
IN

AMBIENT

CONDITIONS

Bad
performance

under
high

temperature

Theore9cally
beOer

performance
than

crystalline,
short

track
record

ScaOering,

decrease
in

expected
DNI

ScaOering,

decrease
in

expected
DNI

SOLAR
RESOURCE

DATA

Available
Available
No
site
data
for
DNI
No
site
data
for
DNI

SUPPLIERS

Reliability
of
certain

market
players

Reliability
of
certain

market
players

Chinese
suppliers

entering
market.

High
local
content

High
local
content

for
non-‐core

equipment

PRICE

High
ﬂuctuancy,

based
not
only
on

market
condi9ons

High
ﬂuctuancy,

based
not
only
on

market
condi9ons

Learning
curve
in

process

Receiver
supply

under
monopoly

Conclusions

Every
technical
challenge
has
an

engineering
soluPon

The
right
soluPon
is
not
always
the
most

obvious,
nor
the
most
elaborate

And
“economic
raPonality”
must

be
the
guiding
principle

Corporate Presentation
September 2013

02/10/2013 2Desert Technologies
The introduction of renewables into the
Kingdom’s energy mix is inevitable
Energy consumption and production (oil & gas) in Saudi Arabia (mtoe)

02/10/2013 3
The founders of DT
attended the US Saudi
Business Opportunities
Forum where they were
encouraged to enter the
Saudi renewable industry
by:
H.E. Dr. Hashim Yamani
H.E. Dr. Tawfig Al-Rabiah
Mr. Ali Saleh Al-Barrak
Dec. 5th, 2011 Jan. 31st, 2012 Jun. 16th, 2012
Signed with Empower
Energies, the exclusive
energy developer for GM
facilities worldwide, for
manufacturing thin film
modules.
Signed a lease (with an
option to buy) for our
factory in Jeddah, and
commenced building
works to bring the building
up to the necessary
technical standards.
Desert Technologies was launched before
the KA CARE program was announced

02/10/2013 4
DT enjoys a considerable first mover
advantage over companies starting now
Sep. 30th, 2012
Finished packaging the
production line purchased
from NMSEC and
transported it in 74
shipping containers to
Saudi Arabia.
February 20th , 2013 May 15th, 2013
Completed civil works on
the factory building and
started the process of
installing the first
production line.
Signed a JV agreement
for EPC and generation
project development with
SECI Energia, a division
of the Maccaferri Group.

02/10/2013 5
dt services
• EPC contractor in multiple
renewable technologies
• Power plant operation
and maintenance services
• JV with Maccaferri Group
dt labs
• Manufacturer of c-Si (50MW
capacity) and a-Si (20 MW
capacity) PV modules and
mounting racks
• R & D labs and partnerships
dt energy
• Generation project
developer
• Actively deploying capital
across multiple renewable
energy technologies
02/10/2013 5
Current corporate structure
Desert Technologies
The Maccaferri Group (IT)
Empower Energies (USA)
Nour Mousa (USA)
Other international investors
Dr. Hisham Jamjoom
Ihab Elsamannoudi
Mamdouh Al Maddah
Mohammed Alabden
Mohammed Kabli
Mohamed Makki Jamjoom
Muaz Kadi
Dr. Musaid Assaf
International
Investors

02/10/2013 602/10/2013 6
2014:
* 20 MW a-Si plant
with engineering
lab and R&D facility
* 50 MW c-Si
assembly
2015-2017:
* Technological diversification
* Expansion of production
* Achieve sizeable KSA market
share
* Growth of EPC and
development business
* Access secondary markets
* Upstream expansion in silicon
2018-2020:
* IPO on Riyadh Stock
Exchange
* 500 MW of production
* Regional market share
across the PV value
chain
300 skilled
jobs
500-1000
skilled jobs
1200-1500
skilled jobs
Objectives
Desert Technologies

02/10/2013 7Desert Technologies02/10/2013 7
Localization
Localization is our
Competitive Advantage:
We are creating hundreds of
sustainable jobs for Saudi
citizens and permanently
importing technology and
know-how.
This is almost as important to
the government as the oil
savings, and puts us at an
advantage for the tenders.
It also favourably impacts our
relationship with other
government departments and
even government owned
companies, such as Saudi
Aramco.

Crystalline Silicon (c-Si)
• 50MW capacity module assembly
line
• High efficiency modules
• Excellent economics
• The industry standard worldwide
Amorphous Silicon (a-Si)
• 20 MW full production line
• Can be laser scribed to any
design
• Flexible transparency and
colour
• Uniquely suited to the BIPV
market
Manufacturing

02/10/2013 902/10/2013 9
TCO Patterning a-Si Deposition a-Si patterning Al deposition
Aluminum PatterningPlate Testing
Encapsulation
Heat AgingModule Testing
DT Module
Glass Preparation ZnO deposition
The a-Si full production line
Desert Technologies
Our production line covers the whole amorphous silicon thin film
module value chain, both front end and back end.

02/10/2013 1002/10/2013 Desert Technologies 10
DT expansion upstream in c-Si
Silicon Ingot Brick Wafer Cell Module System
The Crystalline Silicon Value Chain:
Current DT capabilities in
c-Si
Several Saudi
projects at
the planning
stage (e.g.
IDEA in
Yanbu)
Direction of DT Expansion
Over time, DT plans to expand upstream in the crystalline silicon
module value chain, with silicon itself probably being sourced from
local companies currently at the planning stage.

02/10/2013 1102/10/2013 11
JV with the Maccaferri Group
Revenues 1.4 Billion EUR
No. of Employees 4,200
Established 1879
Business Areas Energy, Real
Estate,
Engineering,
Biotech
Footprint Global
Desert Technologies

Joint-venturepartners
Through Enerray, SECI Energia’s photovoltaic EPC company, we
represent a team that has designed and built photovoltaic
installations with an aggregate capacity of over 170 MW/p, and
currently maintain and operate 140 MW/p of installations. The track
record includes rooftop and ground mounted installations, both on
and off-grid. Through the joint venture, and the supply of local
content rich panels from DT Labs, we are in an exceptional position
going into the KA CARE tenders.
Primarily a technology provider, Exergy has entered into an agency
agreement with Desert Technologies to sell their innovative heat
recovery solutions in the Saudi Arabian and Egypt, mostly using
ORC (Organic Rankine Cycle) technology. We believe two
solutions will be particularly successful: heat recovery from flaring by
refineries and heat recovery solutions for the cement industry, both
industries that are particularly strong in the MENA region.
As well as being the Maccaferri Group sub-holding for energy
companies, SECI Energia also directly owns, operates and
maintains three combined cycle natural gas plants: Termica
Celano, Termica Colleferro and Jesi Energia. These plants (each
structured as a separate SPVs by SECI Energia) have peak
capacities of 180MW, 40 MW and 135MW. Desert Technologies’
agreement includes the opportunity to market these high-
efficiency and environmentally friendly plants as a turn-key
EPC/systems integrator in the MENA region.

Joint-venturepartners
WAS, a relatively young company, has currently installed 30MW of
wind power onshore in the South of Italy as developer and EPC,
and has a pipeline of projects both onshore and offshore in excess
of 200MW. Desert Technologies intends to use their expertise to
enter the niche wind market in Saudi Arabia and Egypt as EPC
primarily.
Ibarske Hidroelektrane was founded by SECI Energia to develop
approximately 420 GWh a year in generation capacity through a
series of hydro electric plants on the river Ibar in Serbia. SECI Energia
and DT are currently exploring the feasibility of developing similar
projects in Egypt.
SEBIgas designs and develops biogas plants. Biogas plants
generate electricity by burning methane produced by the
anaerobic digestion of organic waste. The organic material is
usually the waste product of working farms, which is then placed in
a primary digester or ‘stomach’, which captures the released
methane to power a turbine. While there is a limited market in
Saudi Arabia, it is Desert Technologies’ intention to market this
product actively in Egypt. Alongside Desert Technologies, Sebigas
is also developing a targeted waste-to-energy solution for solid soot
waste produced by crude oil burning power plants in Saudi Arabia.
This toxic by-product contains over 80% carbon, demonstrating the
inefficiency of the crude oil burners, and is currently disposed of
through landfill at considerable environmental and economic
expense.

02/10/2013 1402/10/2013 14
Utility scale ground mounted installations are at the core of both our EPC and development
business. With significant economies of scale, these large installations are ideal for grid connected
projects or off-grid projects with a high consumption off-takers such as factories, mines, desalination
plants, residential compounds or isolated villages.
Ground mounted installations, unlike rooftop or carport installations, requires plentiful availability of
land. We are also highly experienced in managing the interconnection, including high tension lines,
of the utility scale plants to the electricity grid. As with all our EPC business, we can continue to look
after the plant after completion, providing operating, maintenance and security services for all
types of installation.
EPC: ground mounted
Desert Technologies
5.928 MW, PARMA, ITALY 1 MW, LECCE, ITALY 14.963 MW, FOGGIA, ITALY

We use high efficiency crystalline silicon
panels to transform unused roof space into
an electricity generating asset.
Particularly suitable for the urban
environment where empty land is
prohibitively expensive, rooftop installations
carry additional advantages in hot countries.
By insulating the roof against direct sunlight,
the panels significantly reduce air
conditioning costs. Furthermore, the elevated
location of the panels reduces the risk of theft
or accidental damage.
Our engineering team have over 100MW of
rooftop installation experience in this
increasingly popular solution, making us a
world leader in the field.
1,827.12 KWp IN LUCCA, ITALY
198.88 KWp AT FERRARI SPA, MARANELLO
901.60 KWp IN BRESCIA, ITALY
EPC:rooftops

PV Carport canopies are a stylish and
efficient solution that combine electricity with
providing shelter to parked cars.
The canopy can be integrated into a variety
of different carport designs and structures,
creating a progressive and stylish
architectural statement. By installing solar
panels directly onto the structure instead of
layering them onto the roofing materials, we
can offset some of the construction cost.
Carport canopy systems can stand alone or
be combined with other building systems,
such as curtain wall integrated panels or
rooftop mounted arrays, to directly reduce
electricity bills and minimize reliance on the
grid.
900 KWp AT CAL EXPO,SACRAMENTO,CA
216 KWp IN LUCCA CAR PARK, ITALY
390 KWp IN ARDEN FAIR MALL, CA
EPC:carports

02/10/2013 1702/10/2013 17
Our uniquely versatile amorphous silicon thin film (a-Si) technology opens up a wide variety of
possibilities in building integrated photovoltaics. By adjusting the transparency, thickness, colour and
size of the glass and substrate, electricity generating modules can replace tinted windows,
transforming the absorbed sunlight into electricity to power the building’s needs.
The modules can be made to almost any requirement, and by working closely with architects and
designers during the planning stage can be made to fit seamlessly with the building’s overall
aesthetic.
184 KWp, MACCAFERRI HQ, BOLOGNA, ITALY80 LAIGHT STREET, NYC PHILADELPHIA SCHOOL OF THE FUTURE,USA
EPC: curtain wall and BIPV
Desert Technologies

02/10/2013 18
Case Study: 4 Times Square, a landmark in
building integrated amorphous silicon
This 48 storey building, developed by the Durst
Organization in New York City in the mid 1990s,
demonstrates the potential of BIPV. Kiss + Cathcart
architects were the consultants for the building’s state-
of-the art, thin-film BIPV system, working with Fox and
Fowle architects for the overall design.
Kiss + Cathcart designed the BIPV system to function as
an integral part of the tower's curtain wall. EPV Solar
(now wholly owned by Desert Technologies),
developed the custom PV modules in 1997 to meet the
aesthetic, structural, and electrical criteria. BIPV panels
have been integrated into the curtain wall instead of
conventional glass spandrel panels on the South and
East Facades from the 37th through to the 43rd floor.
The modules are attached to the building structure in
exactly the same way as standard glass.
There is a separate electrical system for each façade,
consisting of two subsystems, feeding two 6kW inverters
and one 4kW inverter. Using multiple inverters enables
the system to perform more efficiently. THE CONDE NAST BUILDING, 4 TIMES SQUARE,
NEW YORK CITY
Desert Technologies

www.desert-technologies.com
We look forward to working with you. Please don’t hesitate to contact us for further information or
enquiries.
Eng. Nour Mousa
Chief Executive Officer
KSA: +966-535-197-555
USA: +1-917-346-1007
mousa@desert-technologies.com
Dr. Musaid Assaf
President
KSA: +966-555-444-021
USA: +1-703-303-7755
assaf@desert-technologies.com
Dr. Nabih Cherradi
Chief Technology Officer
KSA: +966-543-836-102
EU: +41-796-646-515
cherradi@desert-tecnologies.com
Augustus Rylands
Head of Business Development
KSA: +966-543-073-076
USA: +1-212-518-8890
rylands@desert-technologies.com

Renewable Energy Deployment
Plans in Jordan, Kuwait and Qatar
Rob Winchester, Partner, Ernst & Young, Environmental
Finance
September 30th 2013

Renewable Power Market Briefing
United Arab Emirates & Kingdom of Saudi Arabia
Privileged & Confidential 30 September 2013, London, UK

Privileged & Confidential 2
About Access
 Boutique project development and advisory firm focused on the power & water
sector in the Middle East, Turkey and Africa region
 Our expertise are in three areas:
 Project Origination & Development
 Transaction Services
 Strategic Advisory
 Our leadership team consists of renowned industry experts with a combined
projects experience in over a 100 power and water projects
 Team has been involved in:
 Every MENA power & water IPP projects since 2000
 The inception of the Saudi IPP program
 The early stage development of KACARE & MASDAR programs
 Our clients include: world’s largest 1) utility company and 2) solar CSP developer,
and one of the world’s largest 1) wind developers and 2) solar PV developer
Access is currently involved in 90% of all active power projects in the Middle East

Abu Dhabi – Is it happening?
~310 MW
1,600
MW
Target = 7% of installed capacity by 2020 (~23,000 MW)
2013 cumulative value includes all announced projects (including waste to energy)

UAE Key Projects Status
Project Status
Masdar 10 MWp PV Operational – still no PPA and not
connected to ADWEA grid
Shams 1 Under construction
Noor 1 Award still awaited
Issue with pricing being outdated
Masdar PV panels issue
Off grids and rooftops Still seem to be under planning with small
pilot excutions
Sh. Mohmamed bin
Rashed Solar park
(phase 1)
Under construction by First Solar
Sh. Mohmamed bin
Rashed Solar park
(phase 2)
100 Mwp PV to be tendered Q1 2014 on
an IPP basis

Saudi Arabia Insights
 Who will be the off taker? Will ARAMCO &/or SEC play a role?
 Will any governmental entity take equity in the renewable project companies?
 Who is the ideal local partner?

Who will be the off taker? Will ARAMCO &/or
SEC play a role?

Will any governmental entity take equity in the
renewable project companies?
Split between private & public ownership Public shareholders contribution split

Who is the ideal local partner?
Developers By Nationality GCC Based Developers Share

International Developers Share IPP EPC Contractors Share

Passive Investor Active Investor
HighlyIndustrialNonIndustrial

Privileged & Confidential
Available as of 30th of October 2013
For more information and to purchase a copy
please contact:
Mr. Vahid Fotuhi, Head of Strategic Advisory
vfotuhi@access-advisory.com
Thank You

EuropeanJordanianRenewableEnergy Projects LLC.
Eversheds Conference,London 2013
1
40 MW Photovoltaic(PV)
Project
In Jordan
Presentation:
Eversheds Conference
London 2013

MENASOL Conference,Dubai 2013
Confidentiality and Disclaimer
2
Confidentiality and Disclaimer:
This confidential Project Summary (the Document) has been prepared for use by a limited number of people who wish to obtain a
general understanding of the businesses and projects of Green Land Alternative EnergyLLC. And The European Jordanian
Renewable Energy Projects LLC. (EJRE).
The sole purpose of the Document is to provide background information about EJRE and its projects under development and will
be used solely for such purpose intended.
The Document and the information contained herein are to be regarded and held by any and all recipients as confidential and it is
being delivered subject to the terms of this notice. It may be used for the sole purposes set forth above and may not be
photocopied, reproduced or distributed to any other person except with the written authority of EJRE.
Upon request recipients shall promptly return any copies they may hold of the Document to EJRE without retaining any copies. In
furnishing the Document, EJRE undertake no obligation to provide the recipient with access to any additional information or to
update the Presentation or to correct any inaccuracies therein which may become apparent. The Document does not purport to
contain all the information that persons dealing with EJRE and/or its shareholders may require in deciding whether or not to enter
into any agreement with or in relation to EJRE.
Neither this Document nor any of the information contained herein constitutes an offer or invitation to invest in, or provide
finance or services to EJRE or any companies or projects therein, nor shall it form a basis of any contract in relation thereto.
While the information therein is generally believed to be accurate, EJRE and its shareholders as well as the directors, officers and
advisers of such parties disclaim any and all responsibility or liability for the contents of, any errors, misstatements in or omissions
from the Document and for any written or oral communication transmitted or made available to any person who deals with EJRE.
In particular, but without prejudice to the generality of the foregoing, no representations or warranties are made as to the
accuracy or completeness of any statements, estimates and performance projections with regard to future performance, intentions
or whether any transaction mentioned therein still subsists or will come to fruition. Any financial information in the Document
should be assumed to be unaudited. The information contained in the Document is subject to change, completion or amendment
without notice.
Recipients who do not wish to pursue this matter should promptly return all material received from EJRE including this Document
and other material received in the course of any investigation, without retaining copies thereof. The distribution of the Document
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the Document without contravention of any legal restrictions in the jurisdiction in which they reside or conduct business.
If you have not received this document directly from EJRE your receipt is unauthorized. Please return this document immediately.

Highlights of Solar and Wind Energy Prospects in Jordan
• National Energy Strategy; 10% R.E. by 2020, as shown below.
• Ideal location for PV systems.
• High Solar Resources with low Temperature and Dust.
• High PV Energy Production from 1850–2000kWh/kWp/year
• High Growth in Demand for Energy.
• High cost of energy production; expensive and unsecured
source of energy (mainly imported Heavy Fuel Oil).
PV Project Development Progress

Solar 600MWp program and target by 2020
1. Net metering regulation.
2. PPAStructure/ Utility scale > 10MWp.
Net metering regulation:
•Active since Nov. 2012.
•Very attractive program – some residential, commercial and
industrial end power consumers pay >0.3$/kWh.
•100% of the end user annual consumption can be covered by
SolarPV Rooftops using net metering system.
• Regulation will be reevaluated once reaching 77 MWp-
expected by Q1 2014.
•Low rate finance program is the best way to secure high
percentage from the net metering program.
European Jordanian Renewable Energy Projects LLC.
PV Project Development DistributionScale

600MWp program and target by 2020
PPAStructure/ Utility scale > 10MWp
• Renewable energy law active since Feb 2010 allow investors
to submit investment proposal in RE directly to the MEMR
underdirect negotiation process and based on PPA structure.
• June,2011 MEMR initiated Expression of Interest (EOI).
• 65 consortiums expressed interest in investing in different
R.E. projects (sites and technologies).29 MOU signed.
• 10 Projects were approved by Cabinet of Ministers to invest
in PV projects.
• Projects are expected to be Commissioned (COD) Q1 2015.
• Oct 30th is the deadline for second round of Solar PV and
Wind Projects.
PV Project Development Utility Scale

Eversheds Conference, London 2013
EJRE Commitments
EJRECommitments:
• Socioeconomic effect:
For all of our projects, extensive community
consultations is carried out to ensure that they bring
benefits to local people and businesses. We create a
constructiverelationship and enjoy the result with all.
• Environmental role:
Environment protection is a target that we are keen on,
as well as well being that exceed generating clean and
renewable energy that avert carbon emissions. Our aim
is to go beyond this by reducing the environmental
harm arising from our operations and promoting
sustainability to industry, setting standards with
decision-makersand the public.
• Independence strategy:
We believe in integrity as it gives us full business
advantage. We are not owned by a utility or tied to a
manufacturer or utility, so we are able to work
innovatively to create the best package for the
developmentof projects.
6
Socioeconomic Effect
EnvironmentalRole
Independence Strategy
Renewable EnergyProject
DevelopmentCommitments

Successful Project Development
• Technical Capabilities to handlemost
RenewableEnergies; Wind , Solar PV
&CPV & CSP, Waste to Energy.
• Developdifferent scales; on & off
Grid Systems, Transmission &
Distribution Scales.
• Financing Capabilities to conclude
good projectdevelopment.
• Financing Capabilities to cover
Project’sEquity and Debt.
• Comparative Project Contactingand
projectimplementation on EPC and
O&Mlevels.
7
Bankable Renewable
Energy Projects
Good-To-Go
Competitive
Financing &
Contracting
Good Project
Development
Management
Technical and
Financial
Capabilities

Our PV Project in Jordan
8
+
=

40 MW PV Project Summary
• MOUwithMEMR signedin2013.
• Long termLand Lease Agreement.
• GridConnectionandSubstation
Agreement.
• Final Proposal have beensubmitted
endof Q1 2013 withfull Technical,
Grid, Financial (Equity &Debt) in
additiontoSocioeconomic Studies.
• Letter of Acceptance endof Q3 2013.
• Project EIA, PPA andETA and Project
Finance by endof Q4 2013.
• EPC to finishconstructionby Q4
2014.
• Project COD Q1 2015
9

40 MW PV Project South of Jordan
• Project Engineering by WorldClass
Consultants.
• Using cutting edge PVtechnology.
• Using high Quality ProvenInverter and
Project Equipments.
• WorldClass EPC and O&M contractors.
• Local Content CreatedandVocational
Training Center.
• Positive Environmental Assessment
Study.
• Project Legal Aspects coveredby World
Class Legal Consultants.
• Bankable Project.
10

EIA & Socioeconomic Study
11
EIA and Socioeconomic Studies Highlights of the project:
• No Negative EnvironmentalImpact recorded on Air, Soil, Visual ..etc.
• Minimal use of water to producePeaking Energy, as the projectwill be dry cleaned.
• Clean Energy Produced will save about 45,000 Ton of Carbon / Year, and a total reduction of
about950,000 Ton of Carbon during the projectlife time.
• Projectwill createabout 180 Temporary Jobs during the Construction Phase.
• The Projectwill create morethan 30 PermanentJobs to Operateand Maintain (O&M) for the
20 yearsprojectPPA duration.
• The Local Community will benefit from for 60% of the Jobs during construction and 90% of the
Jobsduring O&M.
• Corporation with Local and International R&D Centers in addition to Universities R&D Centers.
• Vocational Training Center and Capacity Building will contributetowardslocal and regional
transformation to RenewableEnergy Industry.

12
Thank you
Tarek Al-Amad
Email:
tarek.alamad@ejre.com.jo

Arab Future Energy Index™ (AFEX)
2013
Renewable Energy

The Middle East - The new frontier for renewables

3
How do we measure Arab countries’ efforts to
create a favorable investment environment for
renewable energy?

5
Methodology
25
INDICATORS
11
FACTORS
4
CATEGORIES

7
1 Market Structure
To what extent are electricity
markets open for private power
generation from renewables?
Is there guaranteed
access to the grid for
renewable energy?

8
Independent Power Producers
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%

Iraq

Lebanon

Libya

Syria

Sudan

Egypt

Tunisia

Yemen

Algeria

Jordan

Morocco

Bahrain

PalesKne

IPP

Public

9
1 Market Structure
Statutory
guarantee

of
grid
access

Statutory
guarantee
of

grid
access

RE
IPPs

10
2 Policy Framework
How committed are public authorities to
pursuing renewable energy?
To what extent do current policies stimulate
renewable energy development?
How difficult is it for renewable energy to
be competitive?

11
RE Commitment
0%

10%

20%

30%

40%

50%

Targets

Current
share

of
RE

RE
projects

under

construcKon

2030

2031

2030

2020

2020

2020

2015

2020

2030

2020

2020

2030

12
Supporting Policies
Country
Public
Compe11ve
Bidding
Direct

Proposal

Submission

Feed-‐in

Tariﬀs

Net
Metering

RE
sites

idenKﬁed

Tenders

announced

Contracts

awarded

Algeria

Bahrain

Egypt

Iraq

Jordan

Lebanon

Libya

Morocco

PalesKne

Syria

Sudan

Tunisia

Yemen

250
250

315
315

70
60

170

2000

50+
50+

60
60

1000
+

500
+

495

40

2012

2012

2011

14
Energy Subsidies: Industrial
Palestine
0 2 4 6 8 10 12 14 16 18 20
Price (US cents per kWh)
Based on 30.579 kWh average
monthly consumption
Implied Subsidy
Benchmark
Morocco
Tunisia
Bahrain
Syria
Iraq
-3%
16%
38%
50%
51%
51%
63%
73%
74%
75%
75%
80%Libya
Egypt
Yemen
Lebanon
Algeria
Sudan
Jordan
17.1
16.6
13.9
10.3
8.2
8.1
8.0
6.1
4.4
4.3
4.2
4.1
3.4

15
2 Policy Framework
FIT;

Direct
Proposal
Submission;

Net
Metering

Strong
commitment;

Most
projects
under
construcKon;

Highest
share
of
RE

16
3 Institutional Capacity
What institutions exist to promote
renewable energy?
What kind of institutional support is
available for RE projects?
How conducive is governance quality to
conducting business?

17
3 Institutional Capacity
Dedicated
RE
Agencies;

Stronger
perceived

insKtuKonal
capacity

Scores
the
highest

under
World
Bank
Ease

of
Doing
Business
index

Dedicated
RE
Agency;

Dedicated
land
for

renewables;

Largest
installed

capacity
by
NREA

18
4 Finance and Investment
What financial support is available
to RE projects?
t
How favorable are macro conditions for
investment?
How favorable are conditions for
RE investment?

19
Financial Support
Country
Renewable
Energy
Fund

Established
by
law
Sources
of
ﬁnancing
are

iden1ﬁed

Algeria

Bahrain

Egypt

Iraq

Jordan

Lebanon

Libya

Morocco

Pales1ne

Syria

Sudan

Tunisia

Yemen

20
RE Investment Climate
54
MW

32
MW

5
MW

120
MW

250
MW

485
MW

325
MW

20
MW

20
MW

500+
MW

21
4 Finance and Investment
RE
private
development

Financial
support
for

small
scale
RE

Customs
duty
and
sales

tax
exempKon

22
AFEX Renewable Energy Final Scores
80 60 40 20 0100
Colors show range for overall score
0-20 20-40 40-60 60-80 80-100
71
59
53
47
47
45
33
29
28
25
25
20
13
Morocco
Jordan
Egypt
Palestine
Tunisia
Algeria
Lebanon
Syria
Bahrain
Sudan
Yemen
Libya
Iraq

23
Correlation with Energy Dependency
Palestine
Dependence
Independence
All RCREEE
Morocco
Tunisia
Bahrain
Syria
Iraq
Libya
Egypt
Yemen
Lebanon
Algeria
Sudan
Jordan
-100%-200%-300%-400%-500% 0% 100%
2000
2011
4
2
7
1
4
3
8
11
12
9
6
13
10

The Middle East - The new frontier for renewables

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