1 / 12

Eskom CSP / Solar Augmentation Conference CSP Project Development Marc Immerman

Eskom CSP / Solar Augmentation Conference CSP Project Development Marc Immerman Director Solafrica. Contents. Bokpoort Introduction Key Project Facts Project Benefits Regulatory & Licensing Challenges Financial Challenges Why?. Key Facts.

starr
Download Presentation

Eskom CSP / Solar Augmentation Conference CSP Project Development Marc Immerman

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. Eskom CSP / Solar Augmentation Conference CSP Project Development Marc Immerman Director Solafrica

  2. Contents • Bokpoort Introduction • Key Project Facts • Project Benefits • Regulatory & Licensing Challenges • Financial Challenges • Why?

  3. Key Facts • Status: Successful bidder in R2 of the REIPPP, plant in early construction • Technology: Trough • Capacity: 50 MW incorporating 9.5 hrs storage • Size: Approximately 300 hectares • Location: South Africa, Northern Cape Province, Groblershoop. 120 km SE of Upington • DNI: 2800 • Grid Connection: Garona Substation situated on Bokpoort Farm • Development timeframe: 4 years • Construction timeframe: 30 months • PPA term: 20 years

  4. Bokpoort Site: 120km SE of Upington

  5. Project Benefits • Government Objectives • Renewable energy targets • Green economy priority (State of the Nation Address) • Industrial Policy Action Plan (CSP targets) • Electricity Integrated Resource Plan (CSP allocation) • Addressing South Africa’s severe energy shortage • Economic Development • ED / SED: Significant % of revenue to flow to BEE farming and youth development • Capital investment: 40% local content • Local investment: civil engineering, roadworks, site preparation, metals fabrication, etc. • Construction employment: ± 1,000 jobs from unskilled to highly skilled. • Permanent employment: ± 60 (formal, permanent jobs) • Numerous indirect benefits: transport, catering, tourism, real estate, fuel supply, maintenance, waste management, etc.

  6. Development Challenges • Funding ~ risk-return • Timeframes • Complexity • Limited pool of partners • Grid, Water and Sun • Varied experience and skillsets required • Diverse technology options

  7. Regulatory & Licensing Challenges • Time consuming • Expensive • Co-ordination between multiple local, national and provincial government departments • Trailblazing • Extensive detail required • Agricultural land ownership and subdivision complexity • Stakeholder engagement • Local community engagement

  8. Bokpoort – Regulatory Permits

  9. Financial Challenges • Significant investment tickets dictate large number of financing parties • Limited pool of operational partners • Scale of debt against average ticket size and number of banks in SA • Perceived level of technology risk • Scale of forex and interest rate swap • EPC balance sheet • O&M balance sheet

  10. Why Develop CSP? • Commercially proven storage capability • Only large-scale renewable energy technology able to satisfy the peak demand profile in South Africa • ‘Less developed’ SS market and high level of local content presents an opportunity for SA to participate meaningfully in supply chains • Solar resource in SA • Less competitive than PV and Wind • Scale benefits

  11. Thank you

More Related