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GE Energy Financial Services. e8-GEF-UNDESA-UNESCAP Financing Sustainable Electrification South-East Asia Dialogues Bangkok, Thailand September 8, 2009 James Berner, Managing Director GE Energy Financial Services, Asia. Introducing GE Energy Financial Services.

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Ge energy financial services

GEEnergy Financial Services

e8-GEF-UNDESA-UNESCAP

Financing Sustainable Electrification

South-East Asia Dialogues

Bangkok, Thailand

September 8, 2009

James Berner, Managing Director

GE Energy Financial Services, Asia


Introducing ge energy financial services

Introducing

GE Energy Financial Services


Ge where energy financial services fits
GE: Where Energy Financial Services fits

GE Capital

Energy Infrastructure

Technology Infrastructure

NBC Universal

Aviation

Financial

Services

Commercial Finance

Treasury

GE Money

Energy Financial Services


Ge energy financial services efs
GE Energy Financial Services (EFS)

  • Singapore office

  • opened in Jan 2008

  • for SE & E Asia

Typical

Investment Size

$15MM - $125 MM

Greenfield & Operating Assets

Global equity

investor and

project finance

lender for the

energy industry

EFS’s 25+ Years

in Energy Finance

GE’s 100+ Years in Energy

Expertise in

Renewable Energy

US$22 Bn. Assets

22 GW Portfolio


Ge efs singapore office southeast and east asia
GE EFS Singapore Office: Southeast and East Asia

Focus Sectors

Core Countries

Asia-Pac Offices

India

IPP

Middle East

Renewables

SE & East Asia

Cogeneration

Vietnam

Philippines

Midstream O&G

Australia

Indonesia

Thailand

Offshore O&G

Malaysia

Singapore


Ge efs renewable energy portfolio
GE EFS Renewable Energy Portfolio

  • Investments across renewable sectors

  • Equity, preferred equity, venture capital and project finance

  • Diverse portfolio of turbine providers, regulatory regimes, and financial structures

  • Large-scale projects in solar PV and hydropower

  • In Dec. 2008, Renewable Energy Trust Asia (RETA) established to invest in SE Asia & India with Epuron

$4 Billion Renewable Energy Portfolio

Geothermal 1%

Biofuels 3%

Solar 5%

Venture Capital 1%

Biomass 4%

Hydro 6%

Wind 79%

7,000+ MW



The asia renewables opportunity 2005 2020 growth outlook non hydro

2005

1 Mtoe

2 Mtoe

2020*

5 Mtoe

10 Mtoe

The Asia renewables opportunity2005-2020 growth outlook* (non-hydro)

  • S Korea

  • Wind

  • Solar

  • Japan

  • Wind

  • Solar

  • Vietnam

  • Biomass

  • Biogas

  • Wind

  • Thailand

  • Biomass

  • Biogas

  • Wind

  • Taiwan

  • Wind

  • Solar

  • Philippines

  • Biomass

  • Biogas

  • Geothermal

  • Wind

  • Malaysia

  • Biomass

  • Biogas

20

  • Indonesia

  • Biomass

  • Biogas

  • Geothermal

* Includes non-commercial renewable fuels

Source: Institute of Energy Economics of Japan (2007 forecast, basecase) ;

GE Energy Financial Services

25


Renewables policy design general observations
Renewables policy design: general observations

  • Investment incentives, especially price-based mechanisms, typically have binary outcomes: either they are attractive enough to drive investment, or not

  • Renewables schemes should be part of a larger vision, regulatory framework, and planning approach for the energy sector

  • Policies function best when they

address both economic barriers (returns) and non-economic barriers (e.g., obstacles to grid access, poor power market design, lack of information and training, social acceptance issues)

are predictable and transparent in order to attract investments

incorporate transitional incentives, where necessary, to move technologies towards market competitiveness

are tailored to specific technologies

take into account the potential impact of large-scale penetration of renewables on the entire energy system

ü

ü

ü

ü

ü


Renewable energy incentives in southeast asia
Renewable energy incentives in Southeast Asia

*Biofuels mandates (non-power)

**Pending enactment of FITs.

Source: Renewable Energy Policy Network for the 21st Century


Conclusions
Conclusions

  • Most renewable energy more costly to build per MW than conventional power plants

  • Policy incentives critical to attracting private investment to the renewable energy sector

  • Predictable long-term tariffs via PPAs best option

  • Grid access and upgrading transmission infrastructure also important

  • Investment credits and tax holidays also useful


Ge energy financial services

Contact:

James Berner

GE

Energy Financial Services

240 Tanjong Pagar Rd.

#05-00 GE Tower

Singapore 088540

Phone: +65 6326 3478

Email: james.berner@ge.com

www.geenergyfinancialservices.com