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SOUTH MEDITERRANEAN COUNTRIES: Growing with the wind

SOUTH MEDITERRANEAN COUNTRIES: Growing with the wind. 17th March 2009. Agenda. Mediterranean markets: Installed power Financing South Mediterranean markets: Gamesa’s windfarms and experience Pros and cons of wind investment in the area Evolution of requirements Conclusion. 3.404 MW.

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SOUTH MEDITERRANEAN COUNTRIES: Growing with the wind

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  1. SOUTH MEDITERRANEAN COUNTRIES: Growing with the wind 17th March 2009

  2. Agenda • Mediterranean markets: • Installed power • Financing • South Mediterranean markets: • Gamesa’s windfarms and experience • Pros and cons of wind investment in the area • Evolution of requirements • Conclusion Estrictamente reservado y confidencial

  3. 3.404 MW 16.754 MW 3.736 MW 433 MW 985 MW 54 MW 134 MW 365 MW Mediterranean Markets : installed power Source GWEC end 2008 Estrictamente reservado y confidencial

  4. Mediterranean Markets : projects financing North Mediterranean : Project finance/Corporate Finance East Mediterranean : ECA (Export Credit Agency) South Mediterranean: Development funds against sobern guarantee (BEI, kfW, JBIC, DANIDA, Spanish FAD) Estrictamente reservado y confidencial

  5. Mediterranean Markets : projects financing Project Finance ECA Government Loans Others Estrictamente reservado y confidencial

  6. South Mediterranean Countries: Gamesa’s windfarms in South Mediterranean countries Approx. 800 MW in the last 5 years Customer  government (Morocco=Office National Electricité, Tunisia = Société Tunisienne Electricité et Gaz, Egypt =New and Renewable Energy Agency) Financing  European development funds (BEI, KFW, Spanish FAD, Danida) and Japanese (JBIC) Contracting  96% EPC contracts between Gamesa and governments under turn-key basis after international tendering (WTGs, civil & electrical works included) Technical adaptation to the markets  small size windturbines (850 kW -1360 kW), high temperature, protection to dust (sand) & corrosion ambient package Bizerte 120MW Tetouan I,II,III 32MW Tanger 140 MW Sidi Daoud I, II, III 40MW Essaouira 60 MW Zafarana 120+120 MW Zafarana 80+85 MW Wind market in the South Mediterranean countries has been developed by the governments of this area Estrictamente reservado y confidencial

  7. South Mediterranean Countries: pros and cons to invest in the development of wind Pros • Excellent wind regimens: sites with higher number of equivalent hours comparing to North Mediterranean (3500-4200 hours) • Low land fees • Less height limitation nor noise constrains • Green certificates/ carbon credits can be sold to European countries • Industrial local companies interested in windfarm development as reliable electricity supply back-up solution. • Governments interested in private development • Morocco  ENERGIPRO • Egypt  first IPP/BOT international bid will be launched in the following months • Turkey  1st November 2007 applications bid launched by government Estrictamente reservado y confidencial

  8. South Mediterranean Countries: pros and cons to invest in the development of wind Cons • No fixed renewable law and legal framework for a investment of 20 years: • Drafts but no firm contractual rules • Price per kWh very low (3-4 cents of Euro per kWh) • Morocco  ENERGIPRO legal framework, no real contract • Egypt  draft of renewable law • Electrical grid adaptability for wind energy connection: technical improvement of transport infrastructure and grid quality need to be improved Estrictamente reservado y confidencial

  9. South Mediterranean Countries: evolution of the requirements (I) Local manufacturing • Towers: • Small size WTG’s tower easy to manufacture with local means • Big size WTG’s manufacturing needs important investment in means, factory facilities and technical competences. • Blades • Manual process  manpower necessary technical competences, important cost in quality control • Nacelles • No local manufacture of the nacelle’s equipment (gearboxes, transformer, generator, control boards). • Assembly process of components has a high technical risk with low revenues. Estrictamente reservado y confidencial

  10. South Mediterranean Countries: evolution of the requirements (II) Multimegawatt windtubines • Lack of local means for transport, erection and maintenance  increase of Cost of Energy. • Negative economical impact in infrastructures (foundations, roads, assembly platforms) which penalize the Cost of Energy • Technical performance comparable to < 1MW WTGs (voltage ride through, reactive power generation…) Small size windturbines < 1 MW have the optimum Cost of Energy comparing to multiMW WTGs Estrictamente reservado y confidencial

  11. South Mediterranean Countries: wind opportunities Egypt Morocco Tunisia South Mediterranean Countries Estrictamente reservado y confidencial

  12. Thank you for your attention Estrictamente reservado y confidencial

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