Macquarie Conference - Keynote presentation by Michael FraserAGL Energy Limited
AGL Energy Limited provided an overview of its renewable energy strategy and growth opportunities. Key points included:
1) Domestic renewable energy policies are driving substantial investment in wind and other renewable technologies over the next decade, requiring up to $30 billion in investment.
2) AGL has a large renewable energy project pipeline that positions it well to capitalize on this growth, including wind farms with over 1,000MW of capacity.
3) AGL's balance sheet capacity has increased by $360 million due to a revised treatment of wind farm power purchase agreements by ratings agency S&P, providing funding for future projects.
The document summarizes AES Tietê's 2Q08 results. Generation was 28% above assured energy levels. EBITDA increased 24.2% to R$288.9 million compared to 2Q07, while net income decreased 5.6% to R$134.1 million. Proposed dividends of R$134.1 million were 100% of the quarter's net income. Overall the results showed higher generation and EBITDA growth compared to the previous year.
Official Opening of the Offshore Wind Infrastructure Application Lab (OWI-Lab).
Offshore Wind Research and Development - The need for public test facilities
Jos Beurskens, ECN - The Netherlands
1) Large wind power is used for grid connections and industrial applications while small wind is used for local buildings, mobile towers, and individual homes.
2) India has potential for 48GW of wind power but has only harnessed 11GW so far. There are over 13 small wind turbine manufacturers in India.
3) A 10kW wind-solar hybrid system can provide enough power for 150 CFL bulbs, 30 fans, and 20 appliances, generating 46kWh per day. However, such small systems are currently not bankable for lending due to high upfront costs.
1) Policies have successfully driven growth in renewable energy, especially wind and solar PV, but grids and markets face new challenges integrating high shares of variable renewables.
2) Flexibility from sources like hydro, demand response, storage and transmission is key to managing variability, but lack of coordination between policies could jeopardize integration.
3) High renewable shares are lowering electricity prices but also reducing conventional plant capacity factors, raising issues around capacity markets and market integration.
Julie Blunden, VP of Public Policy and Corporate Communications for SunPower Corp, presented at the GW Solar Institute Symposium on April 19, 2010. More information at solar.gwu.edu/Symposium.html
Supporting High-Penetration PV with Energy StorageSmithers Apex
The document discusses issues with high penetration of photovoltaics (PV) and the role of energy storage solutions. High PV penetration can cause problems with generation mix, instability on high-penetration feeders, and reverse power flows. Storage can help integrate more PV by smoothing output over seconds/minutes and shaping output over an hour to conform with forecasts. Locating storage near PV or consumers maximizes value. Optimizing energy storage requires minimizing costs while capturing multiple value streams like peak shaving and grid services to allow higher levels of renewable energy on the grid.
Macquarie Conference - Keynote presentation by Michael FraserAGL Energy Limited
AGL Energy Limited provided an overview of its renewable energy strategy and growth opportunities. Key points included:
1) Domestic renewable energy policies are driving substantial investment in wind and other renewable technologies over the next decade, requiring up to $30 billion in investment.
2) AGL has a large renewable energy project pipeline that positions it well to capitalize on this growth, including wind farms with over 1,000MW of capacity.
3) AGL's balance sheet capacity has increased by $360 million due to a revised treatment of wind farm power purchase agreements by ratings agency S&P, providing funding for future projects.
The document summarizes AES Tietê's 2Q08 results. Generation was 28% above assured energy levels. EBITDA increased 24.2% to R$288.9 million compared to 2Q07, while net income decreased 5.6% to R$134.1 million. Proposed dividends of R$134.1 million were 100% of the quarter's net income. Overall the results showed higher generation and EBITDA growth compared to the previous year.
Official Opening of the Offshore Wind Infrastructure Application Lab (OWI-Lab).
Offshore Wind Research and Development - The need for public test facilities
Jos Beurskens, ECN - The Netherlands
1) Large wind power is used for grid connections and industrial applications while small wind is used for local buildings, mobile towers, and individual homes.
2) India has potential for 48GW of wind power but has only harnessed 11GW so far. There are over 13 small wind turbine manufacturers in India.
3) A 10kW wind-solar hybrid system can provide enough power for 150 CFL bulbs, 30 fans, and 20 appliances, generating 46kWh per day. However, such small systems are currently not bankable for lending due to high upfront costs.
1) Policies have successfully driven growth in renewable energy, especially wind and solar PV, but grids and markets face new challenges integrating high shares of variable renewables.
2) Flexibility from sources like hydro, demand response, storage and transmission is key to managing variability, but lack of coordination between policies could jeopardize integration.
3) High renewable shares are lowering electricity prices but also reducing conventional plant capacity factors, raising issues around capacity markets and market integration.
Julie Blunden, VP of Public Policy and Corporate Communications for SunPower Corp, presented at the GW Solar Institute Symposium on April 19, 2010. More information at solar.gwu.edu/Symposium.html
Supporting High-Penetration PV with Energy StorageSmithers Apex
The document discusses issues with high penetration of photovoltaics (PV) and the role of energy storage solutions. High PV penetration can cause problems with generation mix, instability on high-penetration feeders, and reverse power flows. Storage can help integrate more PV by smoothing output over seconds/minutes and shaping output over an hour to conform with forecasts. Locating storage near PV or consumers maximizes value. Optimizing energy storage requires minimizing costs while capturing multiple value streams like peak shaving and grid services to allow higher levels of renewable energy on the grid.
1. In 1Q08, AES Tietê's EBITDA increased 9.3% compared to 1Q07, while its net income grew 7.7%.
2. Generation was 18% above assured energy levels.
3. The company proposes distributing 100% of its 1Q08 net income of R$172.8 million as dividends.
4. Investments in 1Q08 totaled R$5.6 million focused on equipment upgrades, environmental projects, and two small hydroelectric power plants.
China wind power fy2010 agm presentationTMX Equicom
This presentation discusses China Wind Power International Corp., a company developing wind farms in Heilongjiang Province, China. It summarizes that China faces growing energy demand and a commitment to developing wind power. The company has exclusive rights to develop wind projects in Du Mon County and its current portfolio includes 49MW in operation, 49.5MW under construction, and plans for additional 448.5MW projects. Project economics show targeted equity IRRs of 10-12% over 20 years. Recent progress includes generation increases, financing activities, and timelines for further phases through 2013.
The document summarizes state-level solar policies and initiatives in India. It finds that while states have set ambitious solar targets, there is uncertainty around policy stability, payment mechanisms, and ecosystem development. Key differences between states include the scale of targets, use of local content requirements, and approaches to setting feed-in tariffs. Off-grid policies provide clear subsidies but implementation has lagged intentions. Overall, the document concludes state efforts require treatment to ensure policy continuity, expert implementation, and long-term ecosystem building for the solar sector to realize its potential.
Feasibility of AMI and Smart Grid in Brazil - Lessons Learned - botelho chowd...John Chowdhury
Is Smart Grid and AMI Feasible for the Brazilian Utilities? Lessons learned from completing a two year project in Brazil with 5 different Distribution Companies in 4 different states.
Acwa Power, a Saudi company, submitted an unprecedentedly low bid of 5.98 US cents per kilowatt hour for the second phase of Dubai's Mohammed bin Rashid Al Maktoum Solar Park, beating rivals including Masdar. This bid sets a new worldwide record for the cost of solar electricity and signals solar energy's increasing commercial competitiveness in the Gulf region. RAK Petroleum increased its stake in an offshore oil and gas block in Ivory Coast as it seeks to boost its African holdings.
Meewind is an investment fund that is building offshore wind farms to produce renewable energy. Investing with Meewind allows individuals to earn attractive returns while contributing to the growth of renewable energy and reductions in CO2 emissions. Meewind has already successfully financed the construction of one offshore wind farm, and its first phase consisting of 55 wind turbines with a capacity of 165 MW has begun construction.
NJFuture Redevelopment Forum 13 Infrastructure StricklandNew Jersey Future
1) Climate change and hurricanes like Sandy are exacerbating infrastructure challenges in New York City due to rising sea levels, coastal flooding, and increased rainfall.
2) The city is investing over $10 billion in wastewater treatment upgrades and green infrastructure projects like bioswales and blue and green roofs to reduce combined sewer overflows in a more cost-effective manner than traditional grey infrastructure alone.
3) An analysis showed that a green infrastructure approach could reduce annual combined sewer overflow volumes by 21% compared to 17% for a grey-only approach, while costing $3.9 billion versus $6.8 billion. The green strategy performs better at lower costs.
Camco CRIF presentation public sector 12 oct 2011crifcambs
The document presents a framework for increasing renewable energy deployment in Cambridgeshire. It finds that the county has significant potential for solar, biomass, heat pumps, and wind energy under different scenarios. Deployment could range from a low scenario of 8% to a high scenario of 30% by 2031, closing the carbon gap. This would represent billions of pounds in investment. Key pathways for deployment include public sector, community, and commercial. The public sector could maximize the potential of its assets and policies to attract investment. Communities need funding and guidance. The commercial sector requires a supportive policy framework and opportunities to be clearly identified.
Philippe Joubert, Deputy CEO of Alstom, presented on the technology provider’s portfolio of projects around the world. He also discussed challenges for CCS.
1) Nuclear power provides electricity without fossil fuels or emissions, but new nuclear plants have high upfront capital costs that may not be offset without carbon credits.
2) Only a few new nuclear reactor designs are currently under construction worldwide, and the winning commercial designs will be determined over the next decade as more units are built and experience is gained.
3) Public opinion on nuclear power varies globally, with some countries strongly supporting it for its carbon-free energy and energy independence, while others remain opposed or concerned over costs and waste disposal.
Renewable Energy in Nordic Countries - Alf Bjorseth - SCATEC - April 2010Burton Lee
Renewable energy, particularly solar and wind, is growing in importance across Nordic countries. Solar energy production is led by Norway's strong silicon industry. Currently, hydro provides most electricity in Norway, Denmark, Finland, and Sweden, but wind is growing, especially in Denmark. Future reductions in solar costs and innovations may allow solar to achieve widespread adoption. Large-scale installations and rising production volumes indicate solar is approaching competitiveness without subsidies.
In 2008, AES Tietê saw 14% growth in EBITDA and net income. It proposed dividends of R$31 million. In subsequent events, it reversed R$13 million related to a generation agreement and proposed additional dividends of R$167 million. It also resolved a dispute over another generation agreement, reversing a R$13 million provision. For 2008, AES Tietê had generation 14% above contracted levels, with contracted energy fully covered through 2015. It aims to increase investments and capacity by 15% by 2007. Overall, it demonstrated strong financial results and cash flow generation in 2008.
The document outlines FSM's energy policy vision and objectives to improve lives through sustainable energy and decrease reliance on imports. The strategic goals are to improve coordination, provide reliable conventional energy, increase renewable energy share above 30% by 2020, and improve 50% energy efficiency by 2020. The policy establishes an institutional framework and action plans for both national and state governments. Nationally, it focuses on data collection, coordination, and assessments. At the state level, priorities are maintaining diesel generators, expanding renewable systems like solar, and implementing efficiency programs.
AREVA, business & strategy overview - January 2009 - Appendix 1 to 6AREVA
1. Worldwide demand for electricity is projected to double by 2030, with investments in power generation and transmission expected to reach $11 trillion.
2. Nuclear power is presented as a necessary part of the solution for power generation due to its lack of carbon dioxide emissions, relatively low and stable generation costs, and access to uranium fuel resources.
3. A snapshot compares the efficiency, emissions, and costs of various energy technologies including nuclear power, coal, gas, wind, hydro, and biomass. Nuclear power has very low emissions but relatively high upfront capital costs.
The document discusses the SCaMP (Sustainable Catchment Management Programme) project, which aims to improve water quality through land management practices. It is funded through a combination of water customer bills, government agencies, and environmental grants. The project has delivered benefits like improved biodiversity and water treatment cost savings. A case study found the project's net present value was over £7 million due to benefits like carbon sequestration, recreation, and water quality improvements. However, not all degraded land will benefit water companies. Lessons include recognizing carbon benefits, having shared responsibilities, gaining stakeholder input, and allowing time to determine effective practices.
Liam tobin sustainable development in resource intensive regionsEidos Australia
The document discusses QER's vision to help secure Australia's energy future through the sustainable development of a shale to liquid fuels industry in Queensland. It outlines QER's plans to build a demonstration plant and later commercial plants to produce fuels like diesel and jet fuel from shale in a way that reduces emissions and creates jobs, while engaging with communities to obtain a social license to operate. The shale to liquids industry is positioned as having the potential to significantly reduce Australia's fuel imports and trade deficit by 2030.
Liam Tobin-Eidos Sustainable Development in Resource Intensive RegionsEidos Australia
The document discusses QER's vision of helping secure Australia's energy future through the sustainable development of a shale to liquid fuels industry in Queensland to reduce Australia's growing fuel trade deficit and dependence on imports. It outlines QER's plans to build a demonstration plant and later commercial facilities to produce synthetic crude oil, diesel, and jet fuel from shale resources in a way that creates jobs, provides economic benefits, and engages local communities while minimizing environmental impacts through the use of emissions-reducing technologies.
This document discusses business opportunities in Saudi Arabia's power sector. It notes that the sector is experiencing high growth rates of around 7-8% annually. Over the next 10 years, $80 billion will be invested to expand generation capacity, transmission networks, and distribution systems. This will create significant opportunities for foreign companies to participate in projects as EPC contractors, equipment suppliers, and investors in IPPs. The Saudi power grid will continue integrating generation from various sources to reliably meet rising electricity demand.
Dora Nakafuji from HECO describes her experiences on planning and integrating renewable energy into the California grid, and how Hawaii will deal with those same challenges. Slides from the REIS seminar series at the University of Hawaii at Manoa on 2009-09-17.
The document summarizes Morocco's national context and energy sector, including its national program for renewable energy and energy efficiency development. It outlines Morocco's goals of securing energy supply, universal access, and increasing the share of renewables to 10% by 2012. It then discusses specific renewable programs, including developing solar water heaters (SWHs) through the PROMASOL market development program. PROMASOL aims to install 100,000 m2 of SWHs over 4 years through quality certification, promotion, and financial support mechanisms like leasing. The program has helped install over 150,000 m2 of collectors to date.
1. In 1Q08, AES Tietê's EBITDA increased 9.3% compared to 1Q07, while its net income grew 7.7%.
2. Generation was 18% above assured energy levels.
3. The company proposes distributing 100% of its 1Q08 net income of R$172.8 million as dividends.
4. Investments in 1Q08 totaled R$5.6 million focused on equipment upgrades, environmental projects, and two small hydroelectric power plants.
China wind power fy2010 agm presentationTMX Equicom
This presentation discusses China Wind Power International Corp., a company developing wind farms in Heilongjiang Province, China. It summarizes that China faces growing energy demand and a commitment to developing wind power. The company has exclusive rights to develop wind projects in Du Mon County and its current portfolio includes 49MW in operation, 49.5MW under construction, and plans for additional 448.5MW projects. Project economics show targeted equity IRRs of 10-12% over 20 years. Recent progress includes generation increases, financing activities, and timelines for further phases through 2013.
The document summarizes state-level solar policies and initiatives in India. It finds that while states have set ambitious solar targets, there is uncertainty around policy stability, payment mechanisms, and ecosystem development. Key differences between states include the scale of targets, use of local content requirements, and approaches to setting feed-in tariffs. Off-grid policies provide clear subsidies but implementation has lagged intentions. Overall, the document concludes state efforts require treatment to ensure policy continuity, expert implementation, and long-term ecosystem building for the solar sector to realize its potential.
Feasibility of AMI and Smart Grid in Brazil - Lessons Learned - botelho chowd...John Chowdhury
Is Smart Grid and AMI Feasible for the Brazilian Utilities? Lessons learned from completing a two year project in Brazil with 5 different Distribution Companies in 4 different states.
Acwa Power, a Saudi company, submitted an unprecedentedly low bid of 5.98 US cents per kilowatt hour for the second phase of Dubai's Mohammed bin Rashid Al Maktoum Solar Park, beating rivals including Masdar. This bid sets a new worldwide record for the cost of solar electricity and signals solar energy's increasing commercial competitiveness in the Gulf region. RAK Petroleum increased its stake in an offshore oil and gas block in Ivory Coast as it seeks to boost its African holdings.
Meewind is an investment fund that is building offshore wind farms to produce renewable energy. Investing with Meewind allows individuals to earn attractive returns while contributing to the growth of renewable energy and reductions in CO2 emissions. Meewind has already successfully financed the construction of one offshore wind farm, and its first phase consisting of 55 wind turbines with a capacity of 165 MW has begun construction.
NJFuture Redevelopment Forum 13 Infrastructure StricklandNew Jersey Future
1) Climate change and hurricanes like Sandy are exacerbating infrastructure challenges in New York City due to rising sea levels, coastal flooding, and increased rainfall.
2) The city is investing over $10 billion in wastewater treatment upgrades and green infrastructure projects like bioswales and blue and green roofs to reduce combined sewer overflows in a more cost-effective manner than traditional grey infrastructure alone.
3) An analysis showed that a green infrastructure approach could reduce annual combined sewer overflow volumes by 21% compared to 17% for a grey-only approach, while costing $3.9 billion versus $6.8 billion. The green strategy performs better at lower costs.
Camco CRIF presentation public sector 12 oct 2011crifcambs
The document presents a framework for increasing renewable energy deployment in Cambridgeshire. It finds that the county has significant potential for solar, biomass, heat pumps, and wind energy under different scenarios. Deployment could range from a low scenario of 8% to a high scenario of 30% by 2031, closing the carbon gap. This would represent billions of pounds in investment. Key pathways for deployment include public sector, community, and commercial. The public sector could maximize the potential of its assets and policies to attract investment. Communities need funding and guidance. The commercial sector requires a supportive policy framework and opportunities to be clearly identified.
Philippe Joubert, Deputy CEO of Alstom, presented on the technology provider’s portfolio of projects around the world. He also discussed challenges for CCS.
1) Nuclear power provides electricity without fossil fuels or emissions, but new nuclear plants have high upfront capital costs that may not be offset without carbon credits.
2) Only a few new nuclear reactor designs are currently under construction worldwide, and the winning commercial designs will be determined over the next decade as more units are built and experience is gained.
3) Public opinion on nuclear power varies globally, with some countries strongly supporting it for its carbon-free energy and energy independence, while others remain opposed or concerned over costs and waste disposal.
Renewable Energy in Nordic Countries - Alf Bjorseth - SCATEC - April 2010Burton Lee
Renewable energy, particularly solar and wind, is growing in importance across Nordic countries. Solar energy production is led by Norway's strong silicon industry. Currently, hydro provides most electricity in Norway, Denmark, Finland, and Sweden, but wind is growing, especially in Denmark. Future reductions in solar costs and innovations may allow solar to achieve widespread adoption. Large-scale installations and rising production volumes indicate solar is approaching competitiveness without subsidies.
In 2008, AES Tietê saw 14% growth in EBITDA and net income. It proposed dividends of R$31 million. In subsequent events, it reversed R$13 million related to a generation agreement and proposed additional dividends of R$167 million. It also resolved a dispute over another generation agreement, reversing a R$13 million provision. For 2008, AES Tietê had generation 14% above contracted levels, with contracted energy fully covered through 2015. It aims to increase investments and capacity by 15% by 2007. Overall, it demonstrated strong financial results and cash flow generation in 2008.
The document outlines FSM's energy policy vision and objectives to improve lives through sustainable energy and decrease reliance on imports. The strategic goals are to improve coordination, provide reliable conventional energy, increase renewable energy share above 30% by 2020, and improve 50% energy efficiency by 2020. The policy establishes an institutional framework and action plans for both national and state governments. Nationally, it focuses on data collection, coordination, and assessments. At the state level, priorities are maintaining diesel generators, expanding renewable systems like solar, and implementing efficiency programs.
AREVA, business & strategy overview - January 2009 - Appendix 1 to 6AREVA
1. Worldwide demand for electricity is projected to double by 2030, with investments in power generation and transmission expected to reach $11 trillion.
2. Nuclear power is presented as a necessary part of the solution for power generation due to its lack of carbon dioxide emissions, relatively low and stable generation costs, and access to uranium fuel resources.
3. A snapshot compares the efficiency, emissions, and costs of various energy technologies including nuclear power, coal, gas, wind, hydro, and biomass. Nuclear power has very low emissions but relatively high upfront capital costs.
The document discusses the SCaMP (Sustainable Catchment Management Programme) project, which aims to improve water quality through land management practices. It is funded through a combination of water customer bills, government agencies, and environmental grants. The project has delivered benefits like improved biodiversity and water treatment cost savings. A case study found the project's net present value was over £7 million due to benefits like carbon sequestration, recreation, and water quality improvements. However, not all degraded land will benefit water companies. Lessons include recognizing carbon benefits, having shared responsibilities, gaining stakeholder input, and allowing time to determine effective practices.
Liam tobin sustainable development in resource intensive regionsEidos Australia
The document discusses QER's vision to help secure Australia's energy future through the sustainable development of a shale to liquid fuels industry in Queensland. It outlines QER's plans to build a demonstration plant and later commercial plants to produce fuels like diesel and jet fuel from shale in a way that reduces emissions and creates jobs, while engaging with communities to obtain a social license to operate. The shale to liquids industry is positioned as having the potential to significantly reduce Australia's fuel imports and trade deficit by 2030.
Liam Tobin-Eidos Sustainable Development in Resource Intensive RegionsEidos Australia
The document discusses QER's vision of helping secure Australia's energy future through the sustainable development of a shale to liquid fuels industry in Queensland to reduce Australia's growing fuel trade deficit and dependence on imports. It outlines QER's plans to build a demonstration plant and later commercial facilities to produce synthetic crude oil, diesel, and jet fuel from shale resources in a way that creates jobs, provides economic benefits, and engages local communities while minimizing environmental impacts through the use of emissions-reducing technologies.
This document discusses business opportunities in Saudi Arabia's power sector. It notes that the sector is experiencing high growth rates of around 7-8% annually. Over the next 10 years, $80 billion will be invested to expand generation capacity, transmission networks, and distribution systems. This will create significant opportunities for foreign companies to participate in projects as EPC contractors, equipment suppliers, and investors in IPPs. The Saudi power grid will continue integrating generation from various sources to reliably meet rising electricity demand.
Dora Nakafuji from HECO describes her experiences on planning and integrating renewable energy into the California grid, and how Hawaii will deal with those same challenges. Slides from the REIS seminar series at the University of Hawaii at Manoa on 2009-09-17.
The document summarizes Morocco's national context and energy sector, including its national program for renewable energy and energy efficiency development. It outlines Morocco's goals of securing energy supply, universal access, and increasing the share of renewables to 10% by 2012. It then discusses specific renewable programs, including developing solar water heaters (SWHs) through the PROMASOL market development program. PROMASOL aims to install 100,000 m2 of SWHs over 4 years through quality certification, promotion, and financial support mechanisms like leasing. The program has helped install over 150,000 m2 of collectors to date.
A copy of the presentation by Sheryl French, Duncan Price and Tim Lunel at the CRIF Final Event on Tuesday 15th November at the SmartLife Centre, Cambridge.
The document provides an overview of geothermal energy development in the Philippines. It discusses the country's legal framework for geothermal energy, including provisions in the 1987 Constitution and Presidential Decree 1442. It outlines key features of the Renewable Energy Act of 2008, which declared renewable energy a priority sector. The document also reviews the country's historical geothermal production and capacity, privatization of state geothermal assets, challenges for the industry, and concludes calling for long-term, transparent policies to foster private sector investment in new technologies.
Compliance with the Clean Air Act: Remove, Retrofit or ReplaceTRC Companies, Inc.
TRC Vice President Ed Malley presented this webinar about the best options available to power plants trying to comply with stringent air regulations. Ed discussed:
• The cost/benefits of control technology investments
• The economic, environmental and CSR issues related to closure decisions
• How to develop a strategic plan that allows you to be successful
Michael Fraser, CEO of AGL Energy Limited, spoke at the Clean Energy Council Annual Conference in May 2010 about the importance of reforming Australia's Renewable Energy Target. He argued that passing legislation to reform the RET was urgent to avoid loss of jobs, investment, and confidence in energy policy. The reforms aimed to drive investment in renewable energy through mechanisms like the Small-Scale Renewable Energy Scheme and Large-Scale Renewable Energy Target. While the RET would contribute to slightly higher electricity prices, this impact would be minor compared to rises from network charges. Fraser concluded that with the reforms passed, billions could be invested in renewables and jobs.
Wind power development in Pakistan has significant potential. The country has an estimated 346,000 MW of untapped wind power potential. To develop this resource, Pakistan has taken several steps to create an enabling environment for wind power projects. This includes providing an attractive feed-in tariff, standardizing project documents, and obtaining an ADB counter guarantee to boost investor confidence. Several initial wind power projects totaling over 500 MW are now under construction. Pakistan aims to attract more investment into the wind sector to help meet its renewable energy target of 9,700 MW by 2020 and reduce dependence on expensive imported fuel.
What is Cambridshire's potential for renewable energy? – Duncan Price, Camcocrifcambs
Duncan and his team have identified a range of different technologies that could generate energy locally, providing greater self-sufficiency for Cambridgeshire and buffering it from the impacts of global competition for fossil fuels – a decreasing resource.
This presentation is capturing an indicative scale and range of technologies to demonstrate the energy challenge Cambridgeshire faces. The CRIF project is taking this work and talking to our communities, businesses and public sector partners to inform debate on what is realistic and feasible for Cambridgeshire.
This document summarizes Xcel Energy's strategy to achieve financial success through environmental leadership. Key points include:
1) Xcel Energy aims to reduce carbon emissions by 2020 while maintaining reasonable customer rates and ensuring appropriate regulatory treatment for investments.
2) The company's plans in Minnesota and Colorado aim to significantly reduce carbon emissions through increasing renewable energy and energy efficiency.
3) Xcel Energy forecasts strong capital investment and earnings growth through 2020 by investing in clean energy, transmission infrastructure, and environmental upgrades.
This document summarizes Xcel Energy's strategy to achieve financial success through environmental leadership. Key points include:
1) Xcel Energy aims to reduce carbon emissions by 2020 while maintaining reasonable customer rates and ensuring appropriate regulatory treatment for investments.
2) The company's plans in Minnesota and Colorado aim to significantly reduce carbon emissions through investments in renewables, energy efficiency, and natural gas generation to replace coal plants.
3) Xcel Energy forecasts strong capital investment and earnings growth through 2020 by successfully executing its carbon reduction and renewable energy strategies. This includes annual EPS growth of 5-7% and dividend growth of 2-4%.
Developing Solar Projects under REC Mechanism in IndiaBhargav Parmar
Instead of signing MoU, PPA, submitting performance bank guarantee etc for 25 years or participating in cut throat bidding process (project is viable only to module manufacturers for the rate it can be achieved), I suggest to develop the solar project under REC Mechanism, as for selling the power through average exchange rate and realizing the mean value of REC rate for first five years and half of the floor price for next 5 years, yields levellised rate of Rs.10.536*. [Solar Tariff in Gujarat: Rs. 9.28 for project commissioned up to 2013, Rs. 8.63 for project commissioned up to 2014 and Rs. 8.03 for project commissioned up to 2015].
Even if REC floor price is reduced by half for next 5 years and NIL thereafter, developing the project under REC and selling the power through Energy Exchange, would yield rate of Rs.9.647 which is more than maximum rate of NVVN against cost of generation not more than Rs.6.50. [NVVN is the nodal agency of NTPC for procuring solar power to meet their REC requirement. In the 1st phase NVVN finalized bid for 150 MW Solar Projects and in latest bid for 350 MW Solar Projects. In the latest NVVN bid the price offer for solar power projects were minimum Rs.7.49 and maximum Rs.9.44]
This document compares the economics of wind electricity to conventional electricity sources for captive power plants and utility companies. It presents the capital and operating costs of a 15 MW wind farm and different conventional options. Scenario I compares the levelized cost of electricity for wind vs. coal cogeneration, natural gas engines, and fuel oil engines for captive power plants over 20 years. Scenario II evaluates the costs for utility-scale coal, gas, and fuel oil plants vs. a 150 MW wind farm. The wind farm has lower lifetime costs per MWh than all fossil fuel options considered for both scenarios.
Business Forum: Nuclear & Renewable Energy - Brownsustg
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.
Rapid commercialisation of hydrogen and fuel cellsLogan Energy Ltd
The document discusses the rapid commercialization of hydrogen and fuel cells. It outlines the case for fuel cells, the current global market status, policy support, and hydrogen and fuel cell research, development and demonstration activities in Wales. The global market for small stationary fuel cells under 10kW is growing steadily, while the market for large stationary cells over 10kW remains relatively steady. European and UK policies aim to support the implementation of fuel cells. Research in Wales includes hydrogen energy R&D at universities and the establishment of a Low Carbon Economic Area centered on hydrogen technologies.
The document summarizes Malaysia's renewable energy initiatives and policies. It discusses (1) Malaysia's targets for renewable energy capacity from the 8th to 10th Malaysia Plans; (2) the various support mechanisms and promotion mechanisms established including the Small Renewable Energy Power Programme, Biomass Power Generation Project, and Malaysia Building Integrated Photovoltaic Project; and (3) the key issues affecting renewable energy development and the strategic thrusts of the new National Renewable Energy Policy approved in 2010, including establishing a conducive business environment, developing human capital, renewable energy research and development, enacting renewable energy legislation, and implementing a feed-in tariff program and renewable energy fund.
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Administración de carteras
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Desarrollo de tu marca personal
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Estructuras Físicas en USA y en América Central
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Link de registro
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
1. AGL Energy Limited
Regulatory reform:
Blowing in the right direction
Jeff Dimery
Group General Manager Merchant Energy
UBS – Australian Utilities Conference
29 April 2010
AGL External
2. 2
Disclaimer
The information in this presentation:
› Is not an offer or recommendation to purchase or subscribe for securities
in AGL Energy Limited or to retain any securities currently held.
› Does not take into account the potential and current individual
investment objectives or the financial situation of investors.
› Was prepared with due care and attention and is current at the date of
the presentation.
› Actual results may materially vary from any forecasts (where applicable)
in this presentation.
› Before making or varying any investment in securities in AGL Energy
Limited, all investors should consider the appropriateness of that
investment in light of their individual investment objectives and financial
situation and should seek their own independent professional advice.
UBS – Australian Utilities Conference
29 April 2010
AGL External
3. Investment in renewable technologies 3
Wind is the global technology of choice among renewable
technologies- 63% of investment in 2009 (US$60bn)
Source: PEW Centre (2010)
UBS – Australian Utilities Conference
29 April 2010
AGL External
4. Technology cost curve
4
Wind currently has a substantial cost advantage
» Source: ACIL Tasman, AGL, Roam, MMA
Renewable technologies
UBS – Australian Utilities Conference
29 April 2010
AGL External
5. 5
Policies globally driving renewable investment
Since mid-2009, a number of new policies have been announced that will
drive renewable investment
Country/State Renewable Mandate
Spain 22.5% renewable by 2020
US – Colorado 30% renewable by 2020
US - Alaska 50% renewable by 2025
Israel 10% renewable by 2020
Kuwait 5% renewable by 2020
» Source: DB Climate Change Advisors
UBS – Australian Utilities Conference
29 April 2010
AGL External
6. 6
Expanded Renewable Energy Target…
Source: Roam, AGL
UBS – Australian Utilities Conference
29 April 2010
AGL External
7. 7
Renewable Energy Certificates: Prices start to rise
Penalty effectively raised to $93 per MWh.
$100
› Responsibility resides with $90
retailer $80
$70
› Increased penalty Expanded MRET Announced SHW & PV Increases REC Bank
$60
recognises need to
$/REC
incentivise development of
$50
higher cost renewable sites
$40
$30
› Anticipate rapid rise in REC $20
Expanded MRET Passed
prices following $10
Drought Impacting Hydros
development of low cost $0
sites and ramp up of target Sep-03 Mar-04 Sep-04 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09
UBS – Australian Utilities Conference
29 April 2010
AGL External
8. 8
Impact of Renewable Policy Setting
Fundamental changes required to generation mix.
New Build Generation Mix
Years of Forecast - 2010 to 2020
Coal Plant CCGT Base Plant OCGT Peak Plant Renewable Plant
20000
18000
Capacity required (MW)
16000
14000 Renewables dominate
9,500MW
12000
1,200MW
10000
8000 4,500MW
OCGT peaking plant
6000 5,500MW displaces CCGT base
plant
4000
5,500MW
2000 2,800MW
0
Original 2006 forecast Current 2010 forecast
(ETS, 2% MRET) (ETS, 20% Expanded RET)
Source: AGL Greenhouse modeling
UBS – Australian Utilities Conference
29 April 2010
AGL External
9. 9
Renewable Energy Certificate (REC) obligations
Appropriate regulatory settings required to facilitate investment.
› Macarthur (365MW)
conditional commitment
› Federal legislation requires
AGL to surrender
approximately 9 million RECs
per annum by 2020
› Strong pipeline of development
opportunities
› Proven capability in site
selection, project development
and performance
› Development pipeline delayed
until improved MRET policy
framework
1. Excludes long-term supply agreements and Voluntary REC demands.
UBS – Australian Utilities Conference
29 April 2010
AGL External
10. 10
Australia has a world class wind resource
Average wind speeds (metres per second)
› Wind resource is best in
Tasmania and areas in
Western Australia, South
Australia and Victoria
› NSW, Queensland and the
Northern Territory have
limited large scale wind
potential
› The best wind sites are
already being taken in
Tasmania, South Australia
>8 and Western Australia
6-8
4-6
<4
Source: CSIRO
UBS – Australian Utilities Conference
29 April 2010
AGL External
11. 11
Wind farms: Success factors
A number of critical issues can mean success or failure of a wind farm
development:
› Wind resource
› Land access (support by landowners)
› Capital cost
› Connection access: (cost, loss factor, grid capacity)
› Wind farm scale (to absorb certain fixed cost)
› O&M costs (typically only around 2% of capital cost per year)
UBS – Australian Utilities Conference
29 April 2010
AGL External
12. 12
Wind farms: Cost profile
1
UBS – Australian Utilities Conference
29 April 2010
AGL External
13. 13
Wind resource drives turbine selection
Location of Hallett 1 turbines & wind speeds
› Wind speed generally increases with
height
› Wake effects reduce yield and drives
turbine spacing
› Hallett Wind Farm stages 1, 2 and 4 are
classic wind farm sites with prevailing
winds perpendicular to ridge
Wind Rose for Hallett 1
N
UBS – Australian Utilities Conference
29 April 2010
AGL External
14. 14
Wind project diversity improves reliability
Geographical diversity enhances the level of ’firm’ generation.
Wattle Point Hallett 1 Pool Pric e
100 $10,000
90
Regional pool price ($/MWh)
80
Wind generation (MW)
$1,000
70
60
50 $100
40
30
$10
20
10
0 $1
Sun 06 Mon 07 Tue 08 Wed 09 Thu 10 Fri 11
Half hour time increments (6-12 April 2008)
UBS – Australian Utilities Conference
29 April 2010
AGL External
15. 15
Delivering high capacity factors
Operational performance exceeds investment assumptions.
1
UBS – Australian Utilities Conference
29 April 2010
AGL External
16. 16
Strong growth pipeline
Market leading portfolio provides strategic depth and optionality.
Project Nominal Capacity (MW) Location Type Project Status Definition
Bogong 140 Victorian Alps Hydro Commissioning Committed
McKay Creek Up Rate 10 Victorian Alps Hydro Commissioning Committed
Hallett 2 71 SA - Hallett Wind Commissioning Committed
Hallett 4 132 SA - Hallett Wind Under Construction Committed
RENEWABLE GENERATION
Werribee Expansion 2 VIC - Werribee Biogas Under Construction Committed
Oaklands Hill 67 VIC - West Wind Under Construction Committed
Hallett 5 52 SA – Hallett Wind Under Construction Committed
In Development, JV with Conditional
Macarthur 365 VIC - West Wind
Meridian Commitment
Barn Hill 130 SA - Redhill Wind DA Approved Probable
Hallett 3 80 SA - Hallett Wind In Development Possible
Crows Nest 150 QLD - Toowoomba Wind Permitted Possible
Landowner Agreements in
Ben Lomond 150 NSW - Armidale Wind Possible
Place
Landowner Agreements in
Coopers Gap 300 QLD - Kingaroy Wind Possible
Place
Other 3 Projects totalling up to 600 Various Various Under Review Possible
UBS – Australian Utilities Conference
29 April 2010
AGL External
17. 17
Summary
› Significant progress with renewable policies
› Critical that legislation is passed in May/June 2010
› Requires ~ $30 billion of investment in renewable generation
› Delay to CPRS is disappointing
› Uncertainty adversely impacts investment decisions
› Wind will be the dominant renewable technology over next decade
› AGL’s renewable portfolio performing well
› First-mover advantage
› Considerable development and operational experience
› Well-positioned portfolio of sites
UBS – Australian Utilities Conference
29 April 2010
AGL External
18. 18
Further Information / Contacts
A range of information on AGL Energy Limited including ASX & Media Releases, Presentations,
Financial Results, Annual Reports and Sustainability Reports is available from our website:
www.agl.com.au
Alternatively, contact:
INSTITUTIONAL INVESTORS
& ANALYSTS RETAIL INVESTORS & MEDIA
John Hobson Nathan Vass
Head of Investor Relations Investor Relations & Media
AGL Energy Limited AGL Energy Limited
phone: +61 2 9921 2789 phone: +61 2 9921 2264
Mobile: +61 (0) 488 002 460 mobile: +61 (0) 405 040 133
e-mail: john.hobson@agl.com.au e-mail: nvass@agl.com.au
UBS – Australian Utilities Conference
29 April 2010
AGL External