Challenges & Opportunities of Developing Renewable Energy ...
Challenges & Opportunities of Developing Renewable Energy Projects in Turkey
SINAN AK General Manager Zorlu Enerji Group
Installed & Teoric Potential Power Potential Power and Installed Power Per Resource (MW) 55,000 50,000
48,000
45,000 40,000
36,000
35,000
MW
30,000 25,000 20,000
17,081
15,000 10,000 5,000
1,692
2,000
-
HPP
WPP Potential Power
4,000 94
Geothermal Installed Power Source:Deloitte
97 Biomass/Biogas
Installed & Potential Power Installed Power Licensed Under Installed Power Examination and MW Evaluation
Type
Installed Power MW
Hydroelectric
17.081
29.481
13.751
Wind
1.692
3.693
2.036
Geothermal
94
302
95
Biomass, Biogas
97
42
31
Source:Deloitte
When Turkey’s potential and installed capacity of renewable energy systems are analyzed, it is obvious that the country’s potential is not fully utilized.
Recently, in Turkey, the generation of electricity from renewable resources has attracted a great deal of attention.
Incentives& Legislative Frame
Trade Opportunities for Renewable Energy Resources
Organized Market • Day-ahead sales at the market value under the BSR.
Source:Deloitte
RE Projects are threated in VER market.
Fixed Purchase Guarantee
Bilateral Agreement
• To supply companies through MFSC,
• The price determined by free negotiation with eligible consumers.
National climate change strategy paper Long-term (within ten years) Reduced
energy intensity of 2004 levels by
2020 Reduced
energy consumption at existing public facilities
Renewable
installed capacity of 30% by
2023 Wind
and geothermal capacity of c.10GW and 600MW respectively
Source: Poyry report as of November 2010. (1) Compared to Reference Scenario.
5
Financing of Investments Mainly Renewable
New Investment by 2020: 80 billion USD
300
200 150 100 50 0
35 17 25 11 2 6
45 56
67
80 90
246 232 213 194 175 160 140 124 108
Total 80 Billion USD Debt to Equity Ratio: 60% Equity: 32 Billion USD Debt: 48 Billion USD
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Billion USD
250
Source:EMRA
Solar; 5.5%
Other; 5.5%
Natural Gas; 14.8% Domestic Coal; 11.6% Import Coal; 5.6% Oil; 2.7%
EQUITY&DEBT are LIMITED Geothermal; 0.4%
Wind; 23.8%
Hydro; 23.7%
Nuclear; 6.4%
Trade Deficit Trade Deficit 300
241
250
202
186
170 141
132
150
107
114
102
100 63
135 106 72
70 39
50 0 2007
2008
Export
2009
Import
Total Trade deficit is 105 Billion USD in 2011 44.1 Billion USD , %40 comes from primary energy purchased.
2010
Trade Deficit
2011
Billion USD
Billion USD
200
Installed & Potential Power
Source:Hydrovolts
Installed & Potential Power Development of Installed Hydro Power Capacity 5000 MW
4600
4500 4000 3500
3100
2865
3000
3000 2250
2500 2000 1500
1097
830
1000 500
58
0
2003
420
67
2004
90 46 2005
105 2006 Licensed
32 2007
322 2008
466 2009
330 2010
Commissioned
Source:EMRA
Turkey has an economic capacity of 128 billion kWh per year hydroelectric energy potential. However, Turkey is using 36% of this capacity, currently generating 46 billion kWh per year electricity from hydroelectric power plants. Source:Deloitte
783
2011
Installed & Potential Power
Installed & Potential Power
MW
Development of Installed Wind Power Capacity 1700 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0
1692 1320
792
364 19
19
19
19
19
20
20
2000
2001
2002
2003
2004
2005
2006
91 2007
2008
2009
2010
2011
Source:Deloitte
TEIAS has planned for a grid connection infrastructure to enable around 8 GW of WPP to be commissioned by 2013 and yearly 1 GW new capacity for the following years until 2023.
Geothermal Resources in Turkey
The development of Turkey’s high-enthalpy geothermal resources suitable for power generation, estimated at 4,0004,500 MWe, and its low-enthalpy resources estimated at 32,000 MWt which could be developed for district heating and other direct uses. Geothermal Resources in Turkey Report No. INEEL/EXT-99-01282
Solar Energy Potential in Turkey
Turkey’s solar energy potential is 380 TWh/year, according to the Ministry of Energy and Natural Resources.
Zorlu Enerji - Company Overview
Russia – Construction & Operation of Two Natural Gas Power Plants (51% stake)
RUSSIA
Capacity (MW, Gcal/h): 680 MW (Electricity) /640 Gcal/h (heat) Start up: 2Q09 (First Phase)
Pakistan Wind Power Project: 49.5 MW Option to expand up to 300MW
Turkey: Current Capacity:
TURKEY
Start Up: 4Q09
6 Natural Gas Power Plants: 418 MW ISRAEL
ADUAS: 7 Hydro, 1 Geothermal, 1 Gas Turbine Power Plants: 141 MW
PAKISTAN
Current Projects: Rotor Wind Power Project (135MW + 110MW) Projects at planning phase: Hydro Project (124MW) Israel – Construction & Operation of Four Natural Gas Power Plants Projects at planning phase: (earliest start up: 2011) 1)
Dorad Project (25% stake) – 800MW
2)
Ashdod Project (51% Stake) – 50MW
3)
Ramat Negev Project (51% stake) – 100MW
4)
Solbar Project (26.5% stake) – 100MW
Zorlu Enerji Investments
9 RİZE 10 KARS 8 GİRESUN 11 ERZURUM
1 LÜLEBURGAZ 3 YALOVA 2 BURSA
14 TOKAT 12 ERZİNCAN
4 ANKARA
13 TUNCELİ
15 ESKİŞEHİR 5
KAYSERİ OSB
6
17 Sarayköy/DENİZLİ
7 VAN
BİRLİK
16 OSMANİYE GAS HYDRO WIND GEOTERMAL
Rotor Wind Farm EMRA wind map of Turkey Black Sea
135
MW with 54 x GE 2.5 MW XL Turbines
Located
on Gokcedag Mountain between the Bahce and Hasanbeyli District Centres
Favourable
wind conditions from broad sweeping hill ranges of 1,000m to 1,700m elevation
Rotor:
135MW
Mediterranean Sea
Speed: m / s
>7.5
6.5 – 7.5
5.5 – 6.5
4.5 – 5.5
SINAN AK General Manager Zorlu Enerji Group
Installed & Teoric Potential Power Potential Power and Installed Power Per Resource (MW) 55,000 50,000
48,000
45,000 40,000
36,000
35,000
MW
30,000 25,000 20,000
17,081
15,000 10,000 5,000
1,692
2,000
-
HPP
WPP Potential Power
4,000 94
Geothermal Installed Power Source:Deloitte
97 Biomass/Biogas
Installed & Potential Power Installed Power Licensed Under Installed Power Examination and MW Evaluation
Type
Installed Power MW
Hydroelectric
17.081
29.481
13.751
Wind
1.692
3.693
2.036
Geothermal
94
302
95
Biomass, Biogas
97
42
31
Source:Deloitte
When Turkey’s potential and installed capacity of renewable energy systems are analyzed, it is obvious that the country’s potential is not fully utilized.
Recently, in Turkey, the generation of electricity from renewable resources has attracted a great deal of attention.
Incentives& Legislative Frame
Trade Opportunities for Renewable Energy Resources
Organized Market • Day-ahead sales at the market value under the BSR.
Source:Deloitte
RE Projects are threated in VER market.
Fixed Purchase Guarantee
Bilateral Agreement
• To supply companies through MFSC,
• The price determined by free negotiation with eligible consumers.
National climate change strategy paper Long-term (within ten years) Reduced
energy intensity of 2004 levels by
2020 Reduced
energy consumption at existing public facilities
Renewable
installed capacity of 30% by
2023 Wind
and geothermal capacity of c.10GW and 600MW respectively
Source: Poyry report as of November 2010. (1) Compared to Reference Scenario.
5
Financing of Investments Mainly Renewable
New Investment by 2020: 80 billion USD
300
200 150 100 50 0
35 17 25 11 2 6
45 56
67
80 90
246 232 213 194 175 160 140 124 108
Total 80 Billion USD Debt to Equity Ratio: 60% Equity: 32 Billion USD Debt: 48 Billion USD
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Billion USD
250
Source:EMRA
Solar; 5.5%
Other; 5.5%
Natural Gas; 14.8% Domestic Coal; 11.6% Import Coal; 5.6% Oil; 2.7%
EQUITY&DEBT are LIMITED Geothermal; 0.4%
Wind; 23.8%
Hydro; 23.7%
Nuclear; 6.4%
Trade Deficit Trade Deficit 300
241
250
202
186
170 141
132
150
107
114
102
100 63
135 106 72
70 39
50 0 2007
2008
Export
2009
Import
Total Trade deficit is 105 Billion USD in 2011 44.1 Billion USD , %40 comes from primary energy purchased.
2010
Trade Deficit
2011
Billion USD
Billion USD
200
Installed & Potential Power
Source:Hydrovolts
Installed & Potential Power Development of Installed Hydro Power Capacity 5000 MW
4600
4500 4000 3500
3100
2865
3000
3000 2250
2500 2000 1500
1097
830
1000 500
58
0
2003
420
67
2004
90 46 2005
105 2006 Licensed
32 2007
322 2008
466 2009
330 2010
Commissioned
Source:EMRA
Turkey has an economic capacity of 128 billion kWh per year hydroelectric energy potential. However, Turkey is using 36% of this capacity, currently generating 46 billion kWh per year electricity from hydroelectric power plants. Source:Deloitte
783
2011
Installed & Potential Power
Installed & Potential Power
MW
Development of Installed Wind Power Capacity 1700 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0
1692 1320
792
364 19
19
19
19
19
20
20
2000
2001
2002
2003
2004
2005
2006
91 2007
2008
2009
2010
2011
Source:Deloitte
TEIAS has planned for a grid connection infrastructure to enable around 8 GW of WPP to be commissioned by 2013 and yearly 1 GW new capacity for the following years until 2023.
Geothermal Resources in Turkey
The development of Turkey’s high-enthalpy geothermal resources suitable for power generation, estimated at 4,0004,500 MWe, and its low-enthalpy resources estimated at 32,000 MWt which could be developed for district heating and other direct uses. Geothermal Resources in Turkey Report No. INEEL/EXT-99-01282
Solar Energy Potential in Turkey
Turkey’s solar energy potential is 380 TWh/year, according to the Ministry of Energy and Natural Resources.
Zorlu Enerji - Company Overview
Russia – Construction & Operation of Two Natural Gas Power Plants (51% stake)
RUSSIA
Capacity (MW, Gcal/h): 680 MW (Electricity) /640 Gcal/h (heat) Start up: 2Q09 (First Phase)
Pakistan Wind Power Project: 49.5 MW Option to expand up to 300MW
Turkey: Current Capacity:
TURKEY
Start Up: 4Q09
6 Natural Gas Power Plants: 418 MW ISRAEL
ADUAS: 7 Hydro, 1 Geothermal, 1 Gas Turbine Power Plants: 141 MW
PAKISTAN
Current Projects: Rotor Wind Power Project (135MW + 110MW) Projects at planning phase: Hydro Project (124MW) Israel – Construction & Operation of Four Natural Gas Power Plants Projects at planning phase: (earliest start up: 2011) 1)
Dorad Project (25% stake) – 800MW
2)
Ashdod Project (51% Stake) – 50MW
3)
Ramat Negev Project (51% stake) – 100MW
4)
Solbar Project (26.5% stake) – 100MW
Zorlu Enerji Investments
9 RİZE 10 KARS 8 GİRESUN 11 ERZURUM
1 LÜLEBURGAZ 3 YALOVA 2 BURSA
14 TOKAT 12 ERZİNCAN
4 ANKARA
13 TUNCELİ
15 ESKİŞEHİR 5
KAYSERİ OSB
6
17 Sarayköy/DENİZLİ
7 VAN
BİRLİK
16 OSMANİYE GAS HYDRO WIND GEOTERMAL
Rotor Wind Farm EMRA wind map of Turkey Black Sea
135
MW with 54 x GE 2.5 MW XL Turbines
Located
on Gokcedag Mountain between the Bahce and Hasanbeyli District Centres
Favourable
wind conditions from broad sweeping hill ranges of 1,000m to 1,700m elevation
Rotor:
135MW
Mediterranean Sea
Speed: m / s
>7.5
6.5 – 7.5
5.5 – 6.5
4.5 – 5.5
