Photovoltaic Developers Perspective Photovoltaic and Storage Workshop ERCOT
Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
Transcript of Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
1/38
"#$%$&'# (&)*#+, $- +./ 0$1*2 34
0/#+$2 '% 5%+*2'$ 6778967:8
; 67::
32/)*2/? @= A1/*20B= C?D',$2, (%#E
FA1/*20B= C?D',$2, (%#E 67::
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
2/38
:
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
!"#$%&"'()
G./ &*+/2'*1, A1/*20B= C?D',$2, (%#E HA1/*20B= C?D',$2,I )2$D'?/, J'11 2/-1/#+ A1/*20B= C?D',$2,K L
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
3/38
6
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
*&+%( -. /-01(01#
!"#$%&'(# *%++,-.////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////0
1/ 23&-45%$&'43 ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////6
7/ 23(#8&+#3& ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////9
0/ :4;
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
4/38
O
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
23($41"5( 64''&)7
"1/#+2'#'+= , *%? %*+ *%? -$2 #$%,/2D*+'$%
&/*, +./ 2/)$2+ )2$D'?/, *%*1=,', $-\ H:I )2'D*+/ ,/#+$2 '%D/,+&/%+> H6I L$@ #2/*+'$%> *%? HOI #$,+ +$
5%+*2'$ /1/#+2'#'+= #?? =>>@ A =>?@
32'D*+/ 0/#+$2 (%D/,+&/%+ ]6 @'11'$% ]:6E^ @'11'$%
;$@ A2/*+'$%: 8>677 RX>777
Z*2M'%*1 Z$%+.1= A$,+ $- 0$1*2 34 +$ CD/2*M/ 5%+*2'$ "1/#+2'#'+= A
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
5/38
X
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
32'D*+/ 0/#+$2 (%D/,+&/%+
5%+*2'$K, c//?9'% G*2'-- Hc(GI )2$M2*& *%? d/%/J*@1/ "%/2M= 0+*%?*2? 5--/2 32$M2*& Hd"053I .*D/
*++2*#+/? ,'M%'-'#*%+ )2'D*+/ ,/#+$2 '%D/,+&/%+ '% ,$1*2 34 -*#'1'+'/, @= M * 1*2M/2 )$2+'$% $- /D/2= ?$11*2 ,)/%+ $%
,$1*2 34 M$/, +$J*2?, 1*@$ +./ ,$1*2 34 '%?677 -X77 -777 L$@,
0$1*2 34 J'11 2/,
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
6/38
V
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
3/2 ,$1*2 34 #2/*+/, :: +'&/, &$2/ L$@, +.*% %*+
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
7/38
Y
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
QR
Q=L
Q1LL
Q1=L
Q7LL
7L11 7L17 7L10 7L1> 7L1= 7L1C 7L16 7L1E
I51,+J1@&(*C1,#&'*F
KLC1H*1A I51,+J1 #&'*F%M N&G(1F&%A K%1H*,$H$*M O$%%2
P&%+, ./ 5(Q R+*G,+% D+(
S&K#- !?#$&-'$'&. J'??
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
8/38
R
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
?H 801)-D4$1"-0
I&$JE)-40D
G./ +/#.%$1$M'/, *%? *))1'#*+'$%, *%? $ '%D/,+&/%+ '% #$*1 #2/*+/,#./*) /1/#+2'#'+= @ *%?
'%%$D*+'$%E C ?'--/2/%+ @*1*%#/ @/+J//% #$,+, *%? @/%/-'+, /N',+, -$2 /*#. +=)/ $- )$J/2 M/%/2*+'$%E
G./ T A*%0(C *,B/?
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
9/38
8
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
5877 Z[ ?# $- '%,+*11/? ,$1*2 34 @= 67:8
o G.', #$>> FN D$ -. "0#1&%%(D &0D -9()&1"0E #-%&) :; "0 ,'%#/ 5%+*2'$ .*, /1/#+/? +$ ).*,/ $ J/ #$%,'?/2/? %*+ *1&$,+ R7S $- 2/T
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
10/38
^
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
=H 805(#1'(01
W*2M/1=> '%D/,+&/%+ '% 5%+*2'$K, ,$1*2 34 &*2B/+ ', ?2'D/% @= +J$ )2$D'%#'*1 M$D/2%&/%+ )2$M2*&,E G./ -'2,+
', +./ d/%/J*@1/ "%/2M= 0+*%?*2? 5--/2 32$M2*& Hd"053I> J.'#. ', %$ 1$%M/2 $--/2'%M %/J #$%+2*#+, -$2
,$1*2 34 M/%/2*+'$%E G./ ,/#$%? ', 5%+*2'$K, c//?9'% G*2'-- Hc(GI )2$M2*&> J.'#. 2/)1*#/? d"053 '% $--/2'%M
#$%+2*#+, -$2 ,$1*2 34 M/%/2*+'$%E
Q$+. +./ d"053 *%? c(G )2$M2*&, )2$D'?/ -'N/? +*2'-- 2*+/, +$ '%?/)/%?/%+ )$J/2 )2$?
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
11/38
:7
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
=H? *-1&% 805(#1'(01
G$+*1 '%D/,+&/%+ '%#1
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
12/38
::
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
C"E4)( = A 5%+*2'$K, ,$1*2 34 &*2B/+ J'11 ?2'D/ @/+J//% ]XE: k ]RE^ @'11'$% $- ,)/%?'%M '% +./ )2$D'%#/
Q= 2/? ,)/%?'%M '% 5%+*2'$ J$
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
13/38
:6
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
=HM *-1&% 805(#1'(01 *%? 1*,+'%M '%D/,+&/%+ '%
5jZ> J.'#. /N+/%?, +./ 1'-/ $- )2$L/#+,> J'11 2/&*'% T 7L1= 7L1C 7L16 7L1E
!#$%%$&'(
3&*+% 4'51(*61'* )51, 3$61
SZ[ AK,8#
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
14/38
:O
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
=HR 69(0D"0E "0 *%? 1*,+'%M ,)/%?'%M $%
5jZ '% 5%+*2'$ J'11 2/&*'% T
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
15/38
:X
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
C"E4)( U V 6-%&) :; 80D4#1)7 69(0D"0E "0
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
16/38
:V
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
MH Y-+ /)(&1"-0
0$1*2 34 ', * ,+2$%M ?2'D/2 $- L$@ #2/*+'$%E 5D/2 +./ 1'-/ $- * ,$1*2 34 #$%+2*#+ '% 5%+*2'$> 1$#*1 L$@, *2/
#2/*+/? )2'&*2'1= '% +./ $)/2*+'$%, *%? &*'%+/%*%#/> #$%,+2
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
17/38
:Y
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
(% *??'+'$% +$ #2/*+'%M &$2/ L$@, +.*% $+./2 -$2&, $- /1/#+2'#'+= M/%/2*+'$%> ,$1*2 34 *1,$ #2/*+/, +.$,/ L$@,
*+ * 1$J/2 #$,+ +$ 5%+*2'*%,E c'M
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
18/38
:R
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
MH= 6-%&) :; Y-+ /)(&1"-0 "0 6:R L$@, '% +./
)2$D'%#/
0$1*2 34 J'11 #2/*+/ *% *D/2*M/ $- *))2$N'&*+/1= 6V L$@, '% 5%+*2'$ )/2 Z[ '%,+*11/?
B+#$? =C$ P+F E&$'#4+" D4%6&$/ C$&$ '&$ F'/$( /+1$1. +" 7"#'&4+ /+1'& *L 4"/#'11'#4+"/ F$#,$$" [UU\
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
19/38
:8
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
MHM 6-%&) :; Y-+ /)(&1"-0 +7 Y-+ \(&)
c'M:88 -X77 -:77 $%M$'%M> -777 Z[ ?# $- ,$1*2 34 '% 5%+*2'$
MHR 6-%&) :; Y-+ /)(&1"-0 "0 L$@ #2/*+'$% '% 5%+*2'$ J'11 /N#//? +./ -'M $%M$'%M ,$1*2 34 &*%&? T1+,
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
20/38
:^
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
C"E4)( ?? A 6-%&) :; 6($1-) Y-+ /)(&1"-0 "0
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
21/38
67
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
C"E4)( ?= A !")($1 &0D 80D")($1 Y-+ /)(&1"-0 "0
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
22/38
6:
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
RH 2%($1)"$"17 /4#1-'() 8'9&$1#
Q= 67O7> R7S $- 5%+*2'$K, /1/#+2'#'+= ?/&*%? J'11 %//? +$ @/ &/+ @= %/J $2 2/- +./ -$11$J'%M -$
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
23/38
66
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
OE
CM*'%,+ J.'#. +=)/, $- /1/#+2'#'+= M/%/2*+'$% ,.$
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
24/38
6O
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
(+ ', &$,+ *##
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
25/38
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
26/38
6V
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
SH /-#1 :)('"4' 5#H Y-+ /)(&1"-0
G./2/ ', * )2'#/ +$ @/ )*'? -$2 #.$$,'%M ,$1*2 34 $D/2 $+./2 -$2&, $- )/*B'%M )$J/2E G./ #$,+ $- M/%/2*+'$%
-2$& ,$1*2 34> @/+J//% 67::967:8> J'11 @/ M2/*+/2 +.*% +./ #$,+ $- '+, *1+/2%*+'D/,E 5% +./ $+./2 .*%?> )/2
?$11*2 '%D/,+/?> ,$1*2 34 #2/*+/, &*%= +'&/, &$2/ L$@, +.*% %*+
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
27/38
6Y
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
Z%-##&)7
^5()&E(
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
28/38
6R
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
K-0EA*()' 20()E7 :%&0 WK*2:X
G./ W$%M9G/2& "%/2M= 31*% HWG"3I ', * M$D/2%&/%+ ?$#
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
29/38
68
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
^99(0D"$(#
^99(0D"3 ^ A F(1G-D-%-E7
!&1& /-%%($1"-0
32'&*2= ?*+* -$2 +.', 2/,/*2#. J*, #$11/#+/? +.2$ 67:7 *%? ; 67::E (% +$+*1> A1/*20B=
C?D',$2, #$%?
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
30/38
6^
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
34:E:7E7:I J'+. '%9.$
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
31/38
O7
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
^99(0D"3 I V F&)J(1 C-)($
Z*%= $- +./ B/= -'%?'%M, )2/,/%+/? '% +.', 2/)$2+ H'E/E '%D/,+&/%+> L$@ #2/*+'$%> /1/#+2'#'+= #
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
32/38
O:
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
G.', J'11 2/T
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
33/38
O6
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
^99(0D"3 / A /-#1 -. 1G( K-0EA*()' 20()E7 :%&0
5%+*2'$K, W$%M9G/2& "%/2M= 31*% #.*2+, * #$
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
34/38
OO
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
C"E4)( ?] A ^5()&E( +./ *D/2*M/ &$%+.1= #$,+ $- +./ WG"3 +$ +./ *D/2*M/ 5%+*2'$ /1/#+2'#'+=
# +./ +$+*1 *D/2*M/ &$%+.1= #$,+ $- ,$1*2 34 +$ +./ *D/2*M/ 5%+*2'$ /1/#+2'#'+=
#
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
35/38
OX
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
^99(0D"3 ! V ^##4'91"-0#
^##4'91"-0 ;&%4(
W$%M9+/2& +*2M/+ -$2 M/%/2*+'$% -2$& ,$1*2 34 '%5%+*2'$
6E^R G[. @= 67O7H52 :EVS $- 5%+*2'$K, /1/#+2'#'+= ,
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
36/38
OV
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
W$#*1 ,)/%?'%M $% 5jZ ).*,/ $- ,$1*2 34 )2$L/#+, '%
5%+*2'$
H(%#1
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
37/38
OY
G./ "#$%$&'# (&)*#+, $- +./ 0$1*2 3.$+$D$1+*'# 0/#+$2 '% 5%+*2'$ 6778967:8> F 67:: A1/*20B= C?D',$2, (%#E
*&+%( -. C"E4)(#
c'M
-
8/9/2019 Economic Impacts of the Solar Photovoltaic Sector in Ontario 2008-2018 July 26 0
38/38
OR
I"+%"-E)&9G7
U00 Z*%*M/&/%+ A$%,1$E#&4E4#.
`$"$&'#4+"9G$2$%+$\ 5%+*2'$ Z'%',+2= $- "%/2M=E
5%+*2'$ Z'%',+2= $- "%/2M=E H67:7IE 7"#'&4+:/ ;+"%"$&%. *1'"? @641(4"% +6& 51$'" >"$&%. A6#6&$9
e$D/2%&/%+ $- 5%+*2'$E
5%+*2'$ 3$J/2 C j n*&&/%> UE ZE H67:7IE 3"$&%. *+14E. a\> ^:^9^O:E