1 / 14

Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers

Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers. FORREX Webinar November 23, 2010 Reg Renner – Financing Specialist Atticus Financial Group - Vancouver. Austria: 1,200 Community Heating plants Sweden and Denmark: 50% of thermal heat- biomass

luisa
Download Presentation

Removing the Financial Barriers to installing cost-saving, energy-efficient Biomass boilers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Removing the Financial Barriersto installing cost-saving, energy-efficient Biomass boilers FORREX Webinar November 23, 2010 Reg Renner – Financing Specialist Atticus Financial Group - Vancouver

  2. Austria: 1,200 Community Heating plants Sweden and Denmark: 50% of thermal heat-biomass BC: 3 CHplants: (Revelstoke, Dockside Green, Baldy Hughes)

  3. The Age of Scepticism • Technology • Sustainability • Environmental • Economics

  4. BC – the right place • Renewable energy • Carbon tax • Carbon neutrality • Dying forests • Dying forest industry • Economic opportunity • Money stays local • Holistic approach • Plant and grow fuel

  5. m3 versus GJ • The answer depends on a variety of factors such as: - moisture content - solid wood versus chips - wood species • 18 - 20 Gigajoules per bone dry tonne (BDT) • 625 kg / BD(bone dry)/m3 of solid wood • 19 GJ / BDT X .625 tonne / BD m3 • Answer: 12 GJ/BD m3 of solid wood

  6. Community Heating Calculatoravailable atwww.greenheatinitative.com

  7. Bioenergy Financing Checklist • Dream - Requires only one courageous person to start with • Team - Bobsleigh analogy; need a driver, pusher and brakeman • Credit Strength - Leverage your cash and share risk • Feedstock - Do you control the feedstock or just pretending? • Market - Do your research and look locally • Equipment - Define feedstock type, volume and market first • Timelines - Need solid benchmarks to stay on track • Coach / Mentor / Advisors - Most important ingredient • Government Support - Need support, but be very careful • Business Plan - Short and concise, gets you in the room

  8. Credit Strength • Skin in the Game (Cash) • Business Experience • Parent Company • Financial Advisor • Financial Plan It can be a scary experience

  9. It’s okay to hire a tutor to help you do the math Courtesy: Andrew Haden a3Energy Partners - Oregon

  10. So, if it’s such a good idea, why don’t we have more biomass boilers? • We are living in the Age of Scepticism • Lack of knowledge about options • Misinformation and past failures • Leadership looking for the home run • Need to learn to do the economics • Towns and cities are short of capital • Thinking outside the box is challenging and risky • We are on the edge of taking the plunge

  11. Summary • Tremendous problem – Pine bark beetle • Tremendous opportunity – Biomass thermal • We need to learn from others - Europe • We need to work together – collaborate • There is a solution in our own communities • We need to be champions for bio-energy, and that means biomass thermal too

More Related