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Successful Renewable Energy Business models

Successful Renewable Energy Business models. Successful Renewable Energy Business Models. MICK O’REILLY. Our aim is to facilitate, educate and advise the public and private sector on renewable energy. What we do. Action Renewables Association

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Successful Renewable Energy Business models

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  1. Successful Renewable Energy Business models Successful Renewable Energy Business Models MICK O’REILLY

  2. Our aim is to facilitate, educate and advise the public and private sector on renewable energy

  3. What we do • Action Renewables Association • Consultation Services (tech and economic appraisal) • MCS (Microgeneration Certification Scheme) • Energy Trading • Project Management • Seminars/Conferences • Training/Up skilling/Education • EU Programmes

  4. Companies Action Renewables work with

  5. Wind developer model • Farm based anaerobic digestion model • ESCO model

  6. Wind developer model Developing wind turbine sites of an appropriate size to maximise returns • Site identification • for development • Higher risk/ lower cost • existing planning permission and grid • Lower risk but added value and higher cost • Owns and operates turbine • Site lease with site owner • land owner paid an annual lease • Fixed or percentage of income

  7. Wind Developer Model: Example Economics – Northern Ireland Development of a 250 kW turbine on a 6.5 m/s site

  8. Wind developer model Community Wind Developer • Similar approach to development • Different approach to financing • Co-operative model • Can partner with site owner and share project

  9. Farm Based Anaerobic Digester Model What is farm based anaerobic digestion? • Digester fed with biomass and animal waste to produce biogas • Biogas runs generator to produce heat and electricity, which receives ROCs • 0.5 ha required per kW of generation • 500 kW generator requires 250 ha

  10. Farm Based AD Model: Example Economics – Northern Ireland Development of a 500 kW AD Plant

  11. Farm Based Anaerobic Digester Co-operative Model • Average Northern Irish farm is 41 ha • too small for cost effective AD • Farmers can form a co-operative to feed and run the AD plant • together can provide enough biomass to jointly own and operate a plant

  12. ESCO Model What is an ESCO? • Energy Services Company • Supplies heat & electricity to a business over a long-term contract at a % below market prices • Enables a business to lower its energy costs for no financial outlay • An attractive proposition, especially for high energy users

  13. ESCO Model What does an ESCO do? • ESCO installs generating plant and will take responsibility for: • Finance • Design, build and install • Operate and maintain generation plant • Supplying energy at an agreed rate (% below market prices) over long-term contract

  14. ESCO Model Solar PV ESCO • Solar PV rent roof is an example of an ESCO • Panels are financed and installed by the ESCO • ESCO supplies electricity supplied at to the business at 10p/ kWh • Offsets import 16p/ kWh for grid electricity • For a 50 kW PV system the ROCs have a value of 17p/ kWh • ROCs plus sale of electricity = 27p/ kWh value to ESCO

  15. ESCO Model: Example Economics – Northern Ireland Development of a 50 kW Solar PV installation

  16. Social Economy Advantages • Access to competitive finance • Social objectives an advantage in winning tendering • Can partner with other organisations to present a better proposal in competitive tendering

  17. Thank you

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