110 likes | 323 Views
Why Latvia?. Baltic Renewable Energy – Latvia. Latvia is positioned for potential. Population: Total EU 499.8 Canada/US 345.8 . Population: Russia 142.9 Ukraine 45.9 Belarus 9.5 Total East 198.3. Baltic Renewable Energy – Latvia.
E N D
Why Latvia? Baltic Renewable Energy – Latvia
Latvia is positioned for potential Population: Total EU 499.8 Canada/US345.8 Population: Russia 142.9 Ukraine 45.9 Belarus 9.5 Total East 198.3 Baltic Renewable Energy – Latvia
Latvia is the commercial hub of Northern Europe • It is the financial centre of Northern Europe • 23 banks • the Luxembourg of the north • Established traditions in • banking, • manufacturing, • education and • development Baltic Renewable Energy – Latvia
Unique geographic location • Geographic centre of Northern Europe • Bridge between east and west with excellent ties both ways • Key point of entry: Canada/US> Russia, Ukraine, Belarus • Canada/US >EU • Russia, Ukraine, Belarus >EU and Canada/US • EU>Russia, Ukraine, Belarus • Why ??? – • because Latvia has the ONLY • ice-free ports • in the Baltic Sea Baltic Renewable Energy – Latvia
Stable, predictable financial climate • Considered a western state that must abide by EU regulations • Joined the EU and NATO in 2004 • 2010, government of Latvia initiated austerity programs as demanded by the IMF • Stabilized economy which resulted in growth in 2011 • in December, 2011, Latvia was recognized as a good place to invest by the International Monetary Fund (IMF) • Shared values with North America and trust in Canadians • The Result – a favourable business climate Baltic Renewable Energy – Latvia
History: Why then, why now? What was then… • A centre of commerce and industrial production for the Russian Empire (before 1917) and the Soviet Union (1940 to 1990) • A prosperous economy based on manufacturing (1918 to 1939) • Gained independence in 1991 and convertedfrom a planned economy • Economic transition saw challenges frombanking crises and economic boycotts by Russia • Saddled by unfamiliarity with western (particularly European) practices and politically-related development issues Baltic Renewable Energy – Latvia
History: Why then, why now? What is now… A financially and politically stable country with a growing economy, an ideal location, shared values with North America and an infrastructure of chemical and pharmaceutical manufacturing, that is driven by various needs and conditions that favour business activity. A market ripe for BRE Latvia, the Baltic region and Europe offer unique business opportunities – TPI’s expertise, unique background and connections are distinct advantages *Effectsof the Eurozone debt crisis must be considered. It is realistic to proceed on the basis of a slower and less predictable growth rate than might be seen in other economic circumstance's Baltic Renewable Energy – Latvia
Sustainable Development Cogeneration Energy from waste or biomass From BRE Baltic Renewable Energy – Latvia
The issues • • Latvia faces fines up to $110,000,000 for exceeding EU directive targets of reducing • waste sent to landfill • • Over-reliance on Russian gas and concerns about energy security and self-sufficiency • The opportunity • • Revenue comes from the sale of heat because of central municipal heating and • electricitywith a unique electrical surcharge not available in other countries to • promote electrical production from renewable energy sources, the processing of • municipal solid waste and hazardous waste experiencing increasing gate fees, • environmental taxes and green credits • • Potential EU grants of over $26,000,000 apply to development projects • (10 plants, $200 million) • Opportunities identified – start-up ready to go (a low-hanging fruit) • • Lead in to major development projects (the big opportunity) Baltic Renewable Energy – Latvia
A powerful combination of factors • that drives the need for technology, expertise, • O&M contracts and equipment sales. • BRE Advantages • Proprietary access to cutting-edge ATT technology • Professional, knowledgeable team, experienced with technical and political issues • Complete and viable business plan • Existing contract for one facility • Regional experience in cogeneration since 2007, • Current, reliable databaseson technology suppliers, prospects and waste suppliers. • The entry • Latvia has an approvals system that expedites implementation • Favourable legislation for renewable energy projects Baltic Renewable Energy – Latvia