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The Solar Option APFA 2012

The Solar Option APFA 2012. Introduction . Australian Energy Group Leading energy management services company End to end renewable energy solutions encompassing Integrated approach to solar and energy efficiency. SolarBusinessServices Independent industry analyst

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The Solar Option APFA 2012

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  1. The Solar OptionAPFA 2012

  2. Introduction Australian Energy Group • Leading energy management services company • End to end renewable energy solutions encompassing • Integrated approach to solar and energy efficiency SolarBusinessServices • Independent industry analyst • 20 years experience in solar • Designer, installer, advocate • Business development specialist • Support, guidance and assistance for solar projects

  3. Contents • Introduction • The Solar Industry • Solar technology • Solar case studies • Solar Economics

  4. The Industry

  5. The global market

  6. The global market

  7. Australian market

  8. The Australian market

  9. The Technology

  10. PV technologies

  11. Efficiency growth

  12. Step changes

  13. Quick facts on solar • Solar PV requires around 5000-7000m2 per MW (rooftop) • Generation cost is around $0.15c-$0.20c and declining • Life expectancy is >25 years • Very hail and storm resistant • Reduces cooling load by around 38% on rooftops • Can be ground, roof, façade or mobile mounted • Electronics integrate seamlessly with grid and generators • Generally provide better power quality than the grid

  14. Case studies

  15. Examples University of Queensland, Qld Australia, 1.2MW Courtesy TrinaSolar BONUS: In recent tests, PV systems on roof tops were shown to reduce heat gain by around 38%

  16. Examples Solar Powered Winery, 2011, California, USA Courtesy Constellation Wines BONUS: For every 1MW of Floatovoltaics installed, approximately 35MegaLitres of water is saved through avoided evaporation

  17. Examples Solar Powered Hotel, 2010, Alice Springs Australia, 300kW Courtesy Alice SolarCity BONUS: As Australia’s first solar hotel, the publicity and “feel” the system created a huge wave of positive PR. Anyone who doesn’t want PR?

  18. Examples Solar Powered Shade House, 2012 Sardinia, Italy, 16MW Courtesy Winaico BONUS: By combining PV as a roofing material, roofing costs are reduced and construction simplified.

  19. Examples CSIRO, Newcastle, NSW 2008, 100kW Courtesy CSIRO BONUS: By using PV as shade awnings cooling load is reduced. For every 1 degree load is reduced, energy requirements reduce by around 5%

  20. Examples Earhart Ave, California USA, 2009 Courtesy Pacific Power BONUS: PV can provide shade, shelter, rain protection and a powerful visual statement about your credentials

  21. Examples Carrara Stadium, Queensland, 2011, 215kW Courtesy SunWiz BONUS: PV can be provided in customised “glass-glass” configuration to manage light at pre-required levels and as an outstanding architectural element.

  22. Local fish farm Queensland Native Fish Hatchery • Three phase variable speed controllers installed on paddle wheels • Power bills reduced 36% from $5500/qtr to $3500/qtr • PLUS, saving $1020/qtr on motor replacements • PLUS better control of speed to conditions “This has been one of the best investments we have made to our Fish Farm”

  23. Local fish farm SEQ Fish hatchery • 2011 energy bill $26,000, 2012 $52,000 • Looking at a suite of options including: • Paddlewheels pond aeration; • Lift pumps; • Large immersion water pumps to move mega litres of water from storage dams to ponds • Root blowers; • Recirculation tanks; • Submergible heaters;. • Cold rooms (post-harvest fish storage).

  24. Solar Economics

  25. International data says “Solar Power is approaching a tipping point in a number of customer segments” • McKinsey is traditionally conservative • Surprised by unexpected declines in PV costs • Advising industry players to prepare We are here

  26. Australian data says BREE & ABARE • New data released yesterday • Dramatically reduced PV cost projections • Highly competitive today with retail and commercial rates • Predicted to be competitive with wholesale rates within 8-10years

  27. Electricity prices • Australia playing catch up for years of supressed pricing • Peak demand driving massive investments • Many factors make up electricity cost

  28. Cost trends • PV production costs have fallen dramatically • Quantum of decreases will start to diminish soon • FX and other factors affect Australia

  29. System costs “Assessed on the basis of the net present value of the electricity offset by the system over its life, the point of ‘grid parity’ has already been reached for base case systems located in Sydney and Brisbane” APVA, 2011

  30. CSIRO results “For solar PV the LCOE ranged from 22 to 25 c/kWh. Although this is higher than the assumed electricity price of 20 c/kWh, the price of electricity in daylight hours is normally greater than 20c/kWh, possibly more typically 28c/kWh, which should make the solar PV alternative attractive to prawn farms. “ CSIRO

  31. Prawn farm modelling

  32. Prawn farm modelling

  33. Finance? • Buying energy provides no assets; only ever increasing costs • Financing PV provides • Lower energy cost • Tax deductions • A 20 year asset • Fixed energy costs The key benefits of CAFGA operational lease through AEG are: • Zero initial capital outlay • 60 monthly lease payments • Net Present Value (NPV) considerations can make leasing more attractive than purchasing • Procurement of solar is not constrained by capital expenditure (CAPEX) reviews due to different business decision making processes surrounding a lease • As a lease, the full value of each lease payment can be fully tax deductable. Indicative model of solar leasing benefits

  34. Wrap-up Solar PV : • Is ideally suited to the aquaculture sector (temperature dependent demand matches generation) • Proven by the CSIRO study to be an attractive option • Can deliver fixed cost electricity • Has reduced dramatically in cost • Is now effectively at “parity” with your existing electricity cost • Has increasing value, when delivered to networks at times of peak demand • Can deliver additional benefits (reduced evaporation, cooling load and shelter) • Is simple, fast to install and has zero moving parts • Requires minimal planning approval • Works hand in hand with energy efficient products • Has the benefit of capital asset value after payback • Is now readily available with finance reducing up front capital

  35. Contact us Australian Energy Group Pty Ltd (AEG) Steve Dart, Business Development Manager +61 407 682 063 PO Box 4160 Robina, Queensland steve.dart@ausenergygroup.com www.ausenergygroup.com SolarBusinessServices Contact: Nigel Morris, Director Phone: +61 410 479 286 Address: 39 East Esplanade, Manly NSW Email: nm@solarbusiness.com.au Web: www.solarbusiness.com.au

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