zhenfa solar - woden community council presentation
TRANSCRIPT
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For our communityFor our future
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Introduction
Who is Zhenfa?• Renewable energy development in Canberra since 2011
• Successful proponent of the ACT Solar Auction Scheme 2013
• Project Developer and Investor for more than 600MW of Solar Farms in China
• Engineering, Procurement and Construction for over 1.5GW of Solar Farms
• Independent Power Producer (IPP) in China
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Our Vision
… is a world in which we co-exist through sustainable means
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Our Mission
… is to deliver and integrate into society the most affordable renewable energy systems through economic and environmentally sustainable development
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Company Details
• Initial development funds of $750,000 came from China• Zhenfa Australia employees and executives are all Australian
Citizens• 20 Full-time employees in Sydney• 10 Full-time employee opportunities in Canberra expected in
2014• More than 50 workers to be employed on the MLSP and CSP
during construction• Strong focus on local contractors and skills
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Mugga Lane Solar Park (MLSP) and Community Solar Park (CSP)
• Parallel design and construction• Significantly lower project risks• Less time… Better finishes• Economies of scale i.e. lower costs• Lower environmental impact• Minimal waste production• Minimal traffic movement
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2014
PLANNING: Development Approval & Network Technical Study
DESIGN: Civil & Electrical
CONSTRUCTION
TIMELINE COMMUNITY SOLAR & MLSP
JULYMAYAPRMARFEBJANNOVOCTSEPAUG DEC JUNE
2015
---------------------------------------------------------SECURING COMMUNITY FUNDING----------------------------------------------------------------------------
↑ SUBMISSION OF TENDER
↑ CONTRACT AWARD
↑ COMMISSIONING
↑ START PROCUREMENT
DESIGN: Civil & Electrical
CONSTRUCTION: Civil & Electrical
PROCUREMENT
ActewAGL GRID CONNECTION AUGMENTATION
TESTING
COMMISSIONING ↑
Community Solar
MLSP
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Details of the Community Solar Farm
• Solar PV DC Size: 1.2MW• Estimated total cost of development: $2,650,000• Expected IRR: 6% - 7% P.A.• Plant Design Life: 30 Years• First Year Yield: 1,740 MWh• Proposed CFD Price: $200/MWh• O&M Cost Estimate: $58,000 P.A.• First Year EBITDA: $300,000 (Pre-Tax)
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Structure Under Consideration