CSP Today Solar Tower report 2014 - Infographic
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100 MW 50 MW Assessing the cost and performance of Solar Tower Technology in South Africa South African Market Key Facts CSP Today's Solar Tower Report 2014 UNDER CONSTRUCTION UNDER DEVELOPMENT 100 MW ANNOUNCED CSP TODAY’S SOLAR TOWER REPORT 2014: COST, PERFORMANCE AND THERMAL STORAGE Based on industry validated cost information, localized techno-economic analysis and inter-market benchmarking, this report brings unprecedented clarity on the cost and performance of solar tower across eight global markets enabling you to separate the fact from the hype. To find out about exclusive discounts and to order your copy now, please contact our Account Manager: Max Crompton +44 (0) 20 73757156 For more information please click here: www.csptoday.com/research/tower-index.php * Under Construction: A plant is under construction from when site preparation starts to the commissioning stage, during which the plant is tested before starting commercial operation. Under Development: For a project to be considered as “under development”, it must have been approved, or its environmental impact assessment (EIA) must be under review by the relevant authority. Announced: For a project to be considered as “announced”, it must be in a developer's current pipeline. Any government announcements or plans are not included in this category since they are considered merely as deployment intentions. EUR € % EPC cost 191,271,814 82.4% Procurement and construction 159,979,861 68.9% Civil works 20,641,467 8.9% Solar field 48,667,834 21.0% Power block island 31,333,965 13.5% BOP 4,884,162 2.1% Solar Receiver & Steam Generator 28,947,233 12.5% TES 9,621,596 4.1% Electric installation 7,432,677 3.2% DCS 2,372,976 1.0% Miscellaneous 6,077,951 2.6% Engineering (including EPC margin) 31,291,954 13.5% Developer cost 14,024,195 6.0% Financing cost 26,800,219 11.5% TOTAL CAPEX 232,096,229 100.0% Energy flow GWh/Year Incident solar energy 1,178.5 Solar field thermal output 500.4 Thermal energy to TES 109.4 Total thermal energy to power block (TES + solar field) 497.6 Gross energy 199.6 Online parasitics 17.9 (10.5% of gross) Net energy 181.8 Offline parasitics 1 South Africa’s optimal plant energy yield Power Purchase Agreement Calculation Annual performance Total operating hours 3,971 Equivalent full-load hours 3,305 Capacity factor 37.2% Solar-to-electricity efficiency 15.42% South Africa’s optimal plant annual performance EUR € % Labor cost 843,500 27.5% Utilities 219,425 7.2% Electricity 111,320 3.6% Backup fuel 28,263 0.9% Water 79,842 2.6% Service contracts 199,827 6.5% Materials & maintenance 642,434 21.0% Insurance 1,160,481 37.9% TOTAL OPEX 3,065,666 100.0% South Africa’s Growing Solar Tower Capacity Understanding The Techno-Economic Credentials Of Solar Tower In South Africa Defining South Africa’s Optimal Solar Tower Plant Configuration (Key Parameters*): Gross Capacity (MWe): 55 MWe Net Capacity (MWe): 50 MWe Cooling System: Dry Storage Capacity: 3 Hours Storage Medium: Molten Salt *NB – 25 parameters are defined for this plant. For full details please refer to the report. * The PPA tariff is the merit of metric used in this report given that it represents not just the cost of generating electricity but the real electricity selling price where tax payments and investors returns have been factored in. It is therefore the real price at which a solar tower plant could sell the electricity meeting the equity investors’ targets. As a result of the techno-economic optimization a PPA tariff of €17.47 cent/kWh indexed with inflation (6% annual escalation) was found for a nominal equity IRR target of 16.5% and €25.58 cent/kWh in case of no escalation. * Solar Resource 2800 kWh/m 2 year Population 50.5 million GDP per capita USD $10,973 Installed power capacity 44.1 GW Annual electricity consumption 240.5 TWh Expected annual electricity demand 375 TWh by 2020 Targets 1,200 MW of CSP by 2020 CAPEX OPEX 6% annual escalation No escalation
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Understanding the techno-economic credentials of Solar Tower in South Africa
Transcript of CSP Today Solar Tower report 2014 - Infographic
100 MW50 MW
Assessing the cost and performance of Solar Tower Technology in South Africa
South African Market Key Facts
CSP Today's Solar Tower Report 2014
UNDER CONSTRUCTION UNDER DEVELOPMENT
100 MW
ANNOUNCED
CSP TODAY’S SOLAR TOWER REPORT 2014: COST, PERFORMANCE AND THERMAL STORAGE
Based on industry validated cost information, localized techno-economic analysis and inter-market benchmarking, this report brings unprecedented clarity on the cost and performance of solar tower across eight global markets enabling you to separate the fact from the hype.
To find out about exclusive discounts and to order your copy now, please contact our Account Manager:
Max Crompton+44 (0) 20 73757156
For more information please click here:www.csptoday.com/research/tower-index.php
* Under Construction: A plant is under construction from when site preparation starts to the commissioning stage, during which the plant is tested before starting commercial operation.
Under Development: For a project to be considered as “under development”, it must have been approved, or its environmental impact assessment (EIA) must be under review by the relevant authority.
Announced: For a project to be considered as “announced”, it must be in a developer's current pipeline. Any government announcements or plans are not included in this category since they are considered merely as deployment intentions.
EUR € %
EPC cost 191,271,814 82.4%
Procurement and construction 159,979,861 68.9%
Civil works 20,641,467 8.9%
Solar field 48,667,834 21.0%
Power block island 31,333,965 13.5%
BOP 4,884,162 2.1%
Solar Receiver & Steam Generator 28,947,233 12.5%
TES 9,621,596 4.1%
Electric installation 7,432,677 3.2%
DCS 2,372,976 1.0%
Miscellaneous 6,077,951 2.6%
Engineering (including EPC margin) 31,291,954 13.5%
Developer cost 14,024,195 6.0%
Financing cost 26,800,219 11.5%
TOTAL CAPEX 232,096,229 100.0%
Energy flow GWh/Year
Incident solar energy 1,178.5
Solar field thermal output 500.4
Thermal energy to TES 109.4
Total thermal energy to power block (TES + solar field) 497.6
Gross energy 199.6
Online parasitics 17.9 (10.5% of gross)
Net energy 181.8
Offline parasitics 1
South Africa’s optimal plant energy yield
Power Purchase Agreement Calculation
Annual performance
Total operating hours 3,971
Equivalent full-load hours 3,305
Capacity factor 37.2%
Solar-to-electricity efficiency 15.42%
South Africa’s optimal plant annual performance
EUR € %
Labor cost 843,500 27.5%
Utilities 219,425 7.2%
Electricity 111,320 3.6%
Backup fuel 28,263 0.9%
Water 79,842 2.6%
Service contracts 199,827 6.5%
Materials & maintenance 642,434 21.0%
Insurance 1,160,481 37.9%
TOTAL OPEX 3,065,666 100.0%
South Africa’s Growing Solar Tower Capacity
Understanding The Techno-Economic Credentials Of Solar Tower In South Africa
Defining South Africa’s Optimal Solar Tower Plant Configuration (Key Parameters*):
Gross Capacity (MWe): 55 MWeNet Capacity (MWe): 50 MWeCooling System: Dry Storage Capacity: 3 HoursStorage Medium: Molten Salt
*NB – 25 parameters are defined for this plant. For full details please refer to the report.
* The PPA tariff is the merit of metric used in this report given that it represents not just the cost of generating electricity but the real electricity selling price where tax payments and investors returns have been factored in. It is therefore the real price at which a solar tower plant could sell the electricity meeting the equity investors’ targets.
As a result of the techno-economic optimization a PPA tariff of €17.47 cent/kWh indexed with inflation (6% annual escalation) was found for a nominal equity IRR target of 16.5% and €25.58 cent/kWh in case of no escalation.
*
Solar Resource 2800 kWh/m2 year
Population 50.5 million
GDP per capita USD $10,973
Installed power capacity 44.1 GW
Annual electricity consumption 240.5 TWh
Expected annual electricity demand 375 TWh by 2020
Targets 1,200 MW of CSP by 2020
CAPEX OPEX
6% annual escalation No escalation
