WELCOME Examples of financing solutions applied to solar heating - - PowerPoint PPT Presentation

Examples of financing solutions applied to solar heating and cooling

A SHE study

WELCOME

Brussels - 29 November 2018

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Ownership continuum Solar thermal business models

End-user

• wnership

Multiparty

• wnership

Third-party

• wnership

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• I. End-user ownership
• Small to medium installations (>1000 m2)
• Segments: buildings & industry
• Often public financial assistance

Solar thermal business models

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Solar process heat for Fleischwaren Berger (Oostenrijk, Austria) Solar thermal business models

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Solar process heat for Fleischwaren Berger (Oostenrijk, Austria)

• 1067 m2 flat plate collectors
• 500 MWh/a – 11% solar fraction
• EUR 790 000 (total investment)
• 30 EUR/MWh (production cost)

Solar thermal business models

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Solar thermal in buildings (Tilburg, Netherlands) Solar thermal business models

(Peter van den Besselaar)

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Solar thermal in buildings (Tilburg, Netherlands)

• 354 m2 flat plate collectors & 9 m3 thermal

storage tank

• EUR 272 000 (total investment)
• 162 MWh/a

Solar thermal business models

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Solar thermal in Buildings (Kapfenberg, Austria) Solar thermal business models

(Nussmüller Architekten ZT GmbH, 2014)

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Solar thermal in Buildings (Kapfenberg, Austria)

• 144 m2 flat plate collectors & 7 m3 layered

storage tank

• 39.5 MWh/a
• Thermal energy savings of 25 734 EUR/a

50 EUR/MWh Solar thermal business models

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• II. Third-party ownership
• Energy supply contracting

Solar leasing

• Segments: Buildings, industry & district heating
• Trending due to accessibility to solar thermal
• Contract lifespan 15-25 years

Solar thermal business models

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Solar district heating in Büsingen, Germany Solar thermal business models

(Solar Complex, 2012)

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Solar district heating in Büsingen, Germany

• 1090 m2 evacuated tube collectors & 100 m3

thermal storage tank

• 520 MWh/a –

13 % solar fraction 100 % solar fraction in summer

• 114 EUR/MWh (retail price by SolarComplex)

Solar thermal business models

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Solar process heat for the Lecta paper mill (Dordogne, France) Solar thermal business models

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Solar process heat for the Lecta paper mill (Dordogne, France)

• 4211 m2 flat plate tracking collectors & 700 m3

thermal storage tank

• 3900 MWh/a – 1%-2% solar fraction
• EUR 2.2 million (total investment)
• +/- 20 EUR/MWh

Solar thermal business models

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Solar district heating in Hamburg, Germany Solar thermal business models

(IBA Hamburg GmbH / Bernadette Grimmenstein)

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Solar district heating in Hamburg, Germany

• 1600 m2 evacuated tube collectors & 2000 m3

thermal storage tank

• 22.5 GWh/a (total energy prod, w/ other RES)
• EUR 9.8 million (total investment of Hamburg

Energie) Solar thermal business models

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• III. Multiparty ownership
• Cooperatives

Public-private partnerships

• Segments: Buildings & district heating (& industry)
• Always some form of public entity involvement

Solar thermal business models

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District heating in Marstal, Denmark Solar thermal business models

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District district heating in Marstal, Denmark

• 33 300 m2 flat plate & evacuated tube collectors

75 000 m3 seasonal thermal storage

• 32 000 MWh/a (w/ other RESs) – 55% solar

fraction

• EUR 6.1 million for 2012-2014 extension
• +/-30 EUR/MWh (production cost)

Solar thermal business models

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Helios thermal storage for solar district heating (Graz, Austria) Solar thermal business models

(Energie Graz)

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Helios thermal storage for solar district heating (Graz, Austria)

• 2000 m2 flat plate collectors & 2500 m3 buffer

thermal storage

• 1000 MWh/a
• Storage upfront cost: EUR 750 000

Total cost: EUR 4.3 million Solar thermal business models Solar thermal business models

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• Main financial barriers to ST
• High upfront capital costs (low economies of

scale)

• Perceived low accessibility to capital

 Develop financing opportunities

• Role of public and private investment

Financing opportunities

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Public investment opportunities

• Grants
• Tradable certificate schemes
• EU ETS & NER300/NER400
• Loans at reduced rates
• Salix Finance
• Feed-in tariffs
• Council housing in Devon, UK

Financing opportunities

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Private investment opportunities

• ESCO financing
• Malteries Franco-Suisse (Issoudun, France)
• Crowdlending
• Mondim de Basto Daycare (via GoParity)

Financing opportunities

Thank you very much for your time