renovar program · 2018-10-01 · biomass 25 mw biogas 10 mw biogas from landfill 5 mw 50 mw...
TRANSCRIPT
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September 2018
RENEWABLE ENERGY IN ARGENTINA
RenovAr Program
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RENEWABLE ENERGY IN ARGENTINA
National legal framework for renewable electricity
Law 27,191 Senate 4Q’14 (94% positive vote) Lower Chamber 4Q’15 (93% positive vote)
Decrees 531 and 882 Presidential Decree 1S’16
RENEWABLE ENERGY PROGRAM 2016-2025 Regulatory Framework Documents
RENOVAR PROGRAM
CORPORATE PPAs LEGAL FRAMEWORK (MATER)
Round 1: Res. 71 and 136/2016 Round 1.5: Res. 252/2016 Round 2: Res. 275/2017 Round 3: 3Q´18
Res. 281/2017 Disp. 1E/2018
PROJECTION
Renewables
Transmission
Hydroelectricity
Nuclear
Thermoelectricity
15.0
5.0
10.2
6.0
4.8
Planned Capital Investment in the Power Sector (in billion USD)
+10 GW
+3 GW
+6 GW
+1 GW
> 5k km
Demand 2016 138 TWh Demand 2025 170 TWh
15 Bill USD
CONTRACTUAL FRAMEWORK FOR DE-RISKING
RISK COVERAGE WATERFALL FOR WORST-CASE SCENARIOS
CREDIT ENHANCEMENT EFFECT
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RENEWABLE ENERGY IN ARGENTINA
RenovAr Program Round 1 / 1.5 / 2
OFFERED CAPACITY VS. RECEIVED CAPACITY
1,000 MW OFFERED
6,343 MW RECEIVED
RenovAr Round 1
1,200 MW OFFERED
9,391 MW RECEIVED
RenovAr Round 2
6 x oversubscribed
8 x oversubscribed
ROUND 1 / 1.5 / 2 147 AWARDED PROJECTS: 4,466 MW TOTAL AWARDED CAPACITY & 15,836 GWH/YEAR
WIND PROJECTS: 34 MW: 2,466 GWh/year: 9,778
SOLAR PV PROJECTS: 41 MW: 1,732 GWh/year: 4,290
BIOGAS, BIOGAS FROM LANDFILL, BIOMASS PROJECTS: 58 MW: 236 GWh/year: 1,665
SMALL HYDRO PROJECTS: 14 MW: 32 GWh/year: 103
RENOVAR SUMMARY
95% of the whole
territory
34 Wind 41
Solar
18 Biomass
36 Biogas
14 Small Hydro
12 to 30 Month term to set
the Commercial Operation
Date
4,5 millions homes with electricity
8,4 millions tons of CO2 in
savings, equal to approx. 1,5 million
of cars
USD 7 billions Direct Investment
4 Biogas from
Landfill
15 TWh/year Renewable Energy
4,466 MW New Capacity
147 Awarded Projects
RENOVAR @ 3Q’2018 (ROUNDS 1 / 1.5 / 2 & RES. 202)
RenovAr Rounds 1 & 1.5 and Res. 202
RenovAr Round 2
100 % GUARANTEES PROVIDED
2.92 GW
69 projects awarded 100 % PPAs signed 9.6 TWh/year
LEV
ELS
2018 current awarded projects status
Today December
61 % Under Construction
16 % Commercial Operation
23 % Remaining
28 % Commercial Operation
10 % Remaining
62 % Under Construction
2.04 GW
88 projects awarded 54 PPAs signed 7.3 TWh/year
PRICES DECREASE IN ROUND 2
-22 % lower than average price offered in Rounds 1 & 1.5
40.4 USD/MWh (minimum price)
-29 % lower than average price offered in Rounds 1 & 1.5
37.3 USD/MWh (minimum price) 1 project reached COD
(May 29th 2018)
RenovAr Rounds 1, 1.5 & 2 + Res. 202
AW
AR
DED
CA
PAC
ITY
Biogas 64.85 MW 37 projects
Biomass 202.72 MW 19 projects
Biogas from Landfill
13.12 MW 3 projects
SH 32.13 MW 14 projects
Wind 2,911.22 MW 41 projects
Solar PV 1,742.43 MW 43 projects
STATED LOCAL CONTENT
Round 1: 14 % Round 1.5: 18 % Round 2: 30 %
Expected Commercial Operation Date (aggregate)
2018 2019 2020 2021 660 MW 3,625 MW 4,890 MW 4,966 MW
CORPORATE PPAs (41 projects)
ALLOCATION OF PRIORITY OF DISPATCH: 1,009.58 MW
8 project under construction
PROJECTED
JOB CREATION (IN RENEWABLE ENERGY) Argentina. September 2018
157 RenovAr awarded projects
57%
MaTer projects
RenovAr & MATER
Total: 5,976 MW 15,391 Jobs
2,055 Jobs
3,738 MW 7,086 Jobs
745 Jobs
CONSTRUCTION
Wind
OPERATION & MAINTENANCE
Construction O & M
1,996 MW 5,556 Jobs
431 Jobs
Solar Photovoltaic Construction O & M
281 MW 2,316 Jobs
798 Jobs
Bioenergy Construction O & M
32 MW 433 Jobs
81 Jobs
SH Construction O & M
Bioenergy: Biomass, Biogas & Biogas from Landfill. SH: Small Hycro
81 RenoVar and MaTer Projects under development
(68 projects uder construction and 13 in Commercial Operationl)
Total RenovAr & MATER
Total: 3,051.6 MW 6,375 Jobs
133 Jobs
EXISTING JOBS: 6,508 30% 8% 5%
PORCENTAGES BASED ON THE
TOTAL NUMBER OF JOBS PROJECTED
JOB CREATION AS PER PREVAILING TECHNOL BY REGION:
25%
6%
3% 8%
17%
5%
17%
100%
100%
83%
90%
100%
69%
86%
43%
19%
41 Total Number of Jobs Projected: 17,446
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RENEWABLE ENERGY IN ARGENTINA
RenovAr Program Round 3 (MiniRen)
WHY R3 - MINIREN?
ECONOMIC ADVANTAGE FOR THE SYSTEM Energy loss savings in transport and distribution.
Forced generation displaced by alternative fuel (not gas).
ELECTRIC TECHNICAL ADVANTAGE General quality improvement in weak lines.
Promotion of the National Industry
Value Chain
Federal and Multi-technological
Diversification
Development of New Projects
TO ADD CAPITAL FROM NON-TRADITIONAL STAKEHOLDERS FOR RENEWABLE ENERGY
PROJECTS DEPLOYMENT
TO USE THE AVAILABLE CAPACITY IN THE MV GRID AND TO PROMOTE REGIONAL
DEVELOPMENT
RenovAr - Round 3
40 MW
60 MW
60 MW
30 MW
70 MW 60 MW
30 MW
GENERAL FEATURES
CAPACITY BY PROJECT Max. 10 MW - Min. 0.5 MW
TECHNOLOGIES
Solar Photovoltaic and Wind 350 MW Jointly compete on quotas by regions and provinces.
Distinguishable quota without regions: SH 10 MW Biomass 25 MW Biogas 10 MW Biogas from Landfill 5 MW
REGIONALIZATION FOR WIND AND SOLAR Maximum quota of 20 MW per Province, except for Bs.As. (60 MW).
Region 1 Jujuy, Salta, Catamarca, La Rioja
40 MW
Region 2 Formosa, Chaco, Tucumán, Santiago del Estero
60 MW
Region 3 Misiones, Corrientes, Entre Ríos, Santa Fe
60 MW
Region 4 San Juan, Mendoza
30 MW
Region 5 Chubut, Santa Cruz
30 MW
Region 6 Córdoba, San Luis, La Pampa, Neuquén, Río Negro
70 MW
Region 7 Buenos Aires 60 MW
400 MW Offered MV GRID CONNECTION 13.2kV / 33kV / 66kV
GEOGRAPHIC REQUIREMENT
Expansions of existing power plants are not allowed
+ 50 MW without regionalization
2018 2019
REQUEST FOR PROPOSALS (RFP) AND AGREEMENT
- No competence on COD (Stated Local Content-[SLC]) (730 days) - No Guaranteed Energy
- No Dispatch Priority
OFFERED PRICE Stated maximum prices
WIND – SOLAR PV
Remaining Technologies
AWARD PROCEDURE • Similar to previous rounds = Competence on Adjusted Offered Price for firm capacity
Priority in the ranking for displacing Forced Generation (not gas)
• Greater SLC and lesser amount of Fiscal Incentives
• Before the award, the distributor chooses the quota between WIND - SPV vs SH - Bioenergy
Power Purchase Agreement (PPA) entered into with CAMMESA (similar to previous RenovAr rounds)
FODER ADHESION AGREEMENT (Energy Payment Guarantee for 3 months)
FISCAL INCENTIVES Specific Purpose Entity (SPE): Law 27 191 / Res. 72 No SPE: simplified mechanism (subject to prior regulation) Joint Ventures / Trusts: without Fiscal Incentives
AGREEMENT ENTERED INTO WITH DISTRIBUTORS • Agreement on the connection technical project
• Identification of the maximum capacity made available at the link with the grid
• Agreement on the supply and energy payment by means of CAMMESA with the authorization from the Jurisdictional Regulatory Entity
TECHNICAL / TECHNOLOGICAL Description of the Project + Energy Production Report Identification of Equipment as sworn statement (to estimate the SLC and the Fiscal Incentives)
Change of Technology will be allowed MEASUREMENTS will not be required
SOIL Land Availability Use of Soil
REAL PROPERTY WITH ENCUMBRANCES WILL BE ALLOWED
ENVIRONMENTAL Beginning of the Proceeding
FINAL AUTHORIZATION REQUIRED AT THE COD (demanded to grant Fiscal Incentives and COD)
REQUIREMENTS
- No Financial Strategic Partner
- No Adjustment or Incentive Factor
- Joint Ventures and Trusts will be allowed
Request for Proposals
SCHEDULE
OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER
Submission of Bids
Qualification Award Execution of Agreements
Undersecretary for Renewable Energy Ministry of Treasury Argentine Republic
189 Paseo Colón Avenue, Floor 9 Telephone Number (+54-11) 4349-8033/8186 [email protected]