DOCSLIB.ORG

(MBA) Postgraduate Dissertation Investment

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
(MBA) Postgraduate Dissertation Investment School of Social Sciences Master’s Degree Programme in Business Administration (MBA) Postgraduate Dissertation Investment analysis of renewable energy projects: The case of photovoltaic power plants Aggelos Niarchos Supervisor: Dr. Dimitrios Koufopoulos Patras, Greece, July 2020 Theses / Dissertations remain the intellectual property of students (“authors/creators”), but in the context of open access policy they grant to the HOU a non-exclusive license to use the right of reproduction, customisation, public lending, presentation to an audience and digital dissemination thereof internationally, in electronic form and by any means for teaching and research purposes, for no fee and throughout the duration of intellectual property rights. Free access to the full text for studying and reading does not in any way mean that the author/creator shall allocate his/her intellectual property rights, nor shall he/she allow the reproduction, republication, copy, storage, sale, commercial use, transmission, distribution, publication, execution, downloading, uploading, translating, modifying in any way, of any part or summary of the dissertation, without the explicit prior written consent of the author/creator. Creators retain all their moral and property rights. ii School of Social Sciences Master’s Degree Programme in Business Administration (MBA) Investment analysis of renewable energy projects: The case of photovoltaic power plants Aggelos Niarchos Supervising Committee Supervisor: Co-Supervisor: Dr. Dimitrios Koufopoulos Dr. Ioannis Lagoudis Patras, Greece, July 2020 iii I would like to express my gratitude to my supervisor Dr. Dimitrios Koufopoulos for his expert knowledge and guidance throughout the course of present dissertation. Finally, my sincere thanks go to my parents and Anna for their continual support. iv Abstract The dissertation deals with investment analysis of Renewable Energy Sources (RES) projects with case study the photovoltaic power plants. The economic viability of investments in photovoltaic power plants under the current legislative framework and market conditions is being analyzed. The 2030 climate and energy framework which adopted by the European Council includes EU targets and policy objectives for the period from 2021 to 2030. The Key targets for 2030 state that at least 40% cuts in greenhouse gas emissions (from 1990 levels), at least 32% share for renewable energy and at least 32.5% improvement in energy efficiency. In order to meet the target of the share for renewable energy in the domestic market investments should be accelerated. The main research deals with the viability of Photovoltaic power plants project in Greece in current investment environment. Investment analysis can help define how an investment in photovoltaic plants is likely to perform and how suitable it is for a potential investor. More specifically it is the process of evaluating an investment for profitability and risk assessment. The key factors in investment analysis include the entry price, the duration of the investment and the role that the investment will play in the portfolio. A benchmark model has been developed with the determination of the basic project’s parameters. The overall efficiency of this model has been tested and the critical values for financial viability gives a certain answer to main hypothesis. Furthermore, sensitivity analysis performed by changing scenarios and basic input parameters accordingly. Keywords Renewable Energy Sources, Photovoltaic Power Plants, Greek Photovoltaic Market, Investment Analysis v Ανάλυση επενδύσεων έργων ανανεώσιμων πηγών ενέργειας: Η περίπτωση των φωτοβολταϊκών σταθμών ηλεκτροπαραγωγής Περίληψη Η διατριβή ασχολείται με την ανάλυση επενδύσεων έργων ανανεώσιμων πηγών ενέργειας, με μελέτη περίπτωσης των φωτοβολταϊκών σταθμών παραγωγής ενέργειας. Αναλύεται η οικονομική βιωσιμότητα επενδύσεων σε φωτοβολταϊκούς σταθμούς παραγωγής ενέργειας, σύμφωνα με το ισχύον θεσμικό πλαίσιο και τις τρέχουσες συνθήκες της αγοράς. Το πλαίσιο για το κλίμα και την ενέργεια του 2030, που ενέκρινε το Ευρωπαϊκό Συμβούλιο, περιλαμβάνει στόχους της Ε.Ε. και πολιτικούς στόχους για την περίοδο από το 2021 έως το 2030. Οι βασικοί στόχοι για το 2030 δηλώνουν, τουλάχιστον, 40% μειώσεις των εκπομπών αερίων του θερμοκηπίου (από τα επίπεδα του 1990), τουλάχιστον 32% μερίδιο για ανανεώσιμες πηγές ενέργειας και τουλάχιστον, 32,5% βελτίωση στην ενεργειακή απόδοση. Προκειμένου να επιτευχθεί ο στόχος του μεριδίου για ανανεώσιμες πηγές ενέργειας στην εγχώρια αγορά, οι επενδύσεις πρέπει να επιταχυνθούν. Η κύρια έρευνα αφορά τη βιωσιμότητα ενός επενδυτικού έργου φωτοβολταϊκών σταθμών στο τρέχον επενδυτικό περιβάλλον στην Ελλάδα. Η ανάλυση επένδυσης μπορεί να συμβάλει στον καθορισμό της πιθανότητας υλοποίησης μιας επένδυσης σε φωτοβολταϊκά και στην καταλληλόλητά της είναι για έναν δυνητικό επενδυτή. Πιο συγκεκριμένα, είναι η διαδικασία αξιολόγησης μιας επένδυσης για κερδοφορία και εκτίμηση κινδύνου. Οι βασικοί παράγοντες στην ανάλυση των επενδύσεων περιλαμβάνουν την τιμή εισόδου, τη διάρκεια της επένδυσης και τον ρόλο που θα παίξει η επένδυση στο χαρτοφυλάκιο. Έχει αναπτυχθεί ένα μοντέλο αναφοράς όπου καθορίζονται οι βασικές παράμετροι του έργου. Η οικονομική αποδοτικότητα του συγκεκριμένου μοντέλου έχει ελεγχθεί και οι κρίσιμες τιμές, για τις οποίες το έργο είναι οικονομικά βιώσιμο, δίνουν μια σαφή απάντηση στην κύρια υπόθεση. Επιπλέον, πραγματοποιήθηκε ανάλυση ευαισθησίας με την αλλαγή σεναρίων και των αντίστοιχων βασικών παραμέτρων εισόδου . Λέξεις – Κλειδιά Ανανεώσιμες Πηγές Ενέργειας, φωτοβολταϊκοί σταθμοί, ελληνική αγορά φωτοβολταϊκών, ανάλυση επενδύσεων vi Table of Contents Abstract ................................................................................................................................. v Περίληψη.............................................................................................................................. vi Table of Contents ................................................................................................................vii List of Figures ...................................................................................................................... ix List of Tables ......................................................................................................................... x List of Abbreviations & Acronyms ...................................................................................... xi CHAPTER 1: INTRODUCTION ......................................................................................... 1 1.1 Introduction ................................................................................................................. 1 1.2 The research objective ................................................................................................. 2 1.3 Research approach ...................................................................................................... 2 1.4 Rationale for the study and the contribution to the field ............................................. 3 1.5 Dissertation outline ..................................................................................................... 4 CHAPTER 2: LITERATURE REVIEW .............................................................................. 5 2.1 Renewable Energy ...................................................................................................... 5 2.1.1 History .................................................................................................................. 5 2.1.2 Global Overview .................................................................................................. 6 2.1.3 Market and Industry Trends ................................................................................. 7 2.1.4 Benefits of Renewable Energies Production ........................................................ 9 2.1.5 Barriers to Renewable Energy technology deployment ..................................... 11 2.1.6 Future Projections .............................................................................................. 12 2.2 Why Solar Energy? Why Photovoltaics? .................................................................. 12 2.3 Photovoltaics’ Technology ........................................................................................ 14 2.3.1 Solar Panel Efficiency over time ........................................................................ 16 2.3.2 PV Learning Curve ............................................................................................ 17 2.4 Greek PV Market ...................................................................................................... 18 2.4.1 Legislative Framework ....................................................................................... 20 2.4.2 License Procedure .............................................................................................. 22 2.4.3 SWOT Analysis ................................................................................................. 25 2.5 Financial Billing Mechanisms ................................................................................... 27 2.5.1 Net- Metering and Virtual Net -Metering .......................................................... 28 2.5.2 Self-gereration by selling up to 20% of the energy produced ............................ 30 2.5.3 Sale of all generated energy to the grid .............................................................. 30 CHAPTER 3: RESEARCH METHODOLOGY
Load more

Recommended publications
  • FACTBOOK Concentrating Solar Power SBC Energy
    LEADING THE ENERGY TRANSITION FACTBOOK Concentrating Solar Power SBC Energy Institute June 2013 © 2013 SBC Energy Institute. All Rights Reserved. FACTBOOK SERIES LEADING THE ENERGY TRANSITION Compiled by the SBC Energy Institute About SBC Energy Institute The SBC Energy Institute, a non-profit organization founded in 2011 at the initiative of Schlumberger Business Consulting (SBC), is a center of excellence for scientific and technological research into issues pertaining to the energy industry in the 21st century. Through its unique capability to leverage both Schlumberger’s technological expertise and SBC’s global network of energy leaders, the SBC Energy Institute is at the forefront of the search for solutions to today’s energy supply challenges. It is overseen by a scientific committee comprised of highly experienced individuals in the areas of natural and applied sciences, business, and petroleum engineering. About Leading the Energy Transition series “Leading the energy transition” is a series of publicly available studies on low-carbon energy technologies conducted by the SBC Energy Institute that aim to provide a comprehensive overview of their development status through a technological and scientific prism. About the Concentrating Solar Power factbook This factbook seeks to capture the current status and future developments of Concentrating Solar Power, detail the main technological hurdles and the areas for Research and Development, and finally analyze the economics of this technology. This factbook has been reviewed by Prof. Dr.-Ing. Robert Pitz-Paal, Co-Director of the Institute of Solar Research from the German Aerospace Center (DLR) and his team. For further information about SBC Energy Institute and to download the report, please visit http://www.sbc.slb.com/sbcinstitute.aspx, or contact us at [email protected] 1 © 2013 SBC Energy Institute.
    [Show full text]
  • Solar Thermal and Concentrated Solar Power Barometers 1 – EUROBSERV’ER –JUIN 2017 – EUROBSERV’ER BAROMETERS POWER SOLAR CONCENTRATED and THERMAL SOLAR
    1 2 - 4.6% The decrease of the solar thermal market in the European Union in 2016 Evacuated tube solar collectors, solar thermal installation in Ireland SOLAR THERMAL AND CONCENTRATED SOLAR POWER BAROMETERS A study carried out by EurObserv’ER. solar solar concentrated and thermal power barometers solar solar concentrated and thermal power barometers he European solar thermal market is still losing pace. According to the Tpreliminary estimates from EurObserv’ER, the solar thermal segment dedicated to heat production (domestic hot water, heating and heating networks) contracted by a further 4.6% in 2016 down to 2.6 million m2. The sector is pinning its hopes on the development of the collective solar segment that includes industrial solar heat and solar district heating to offset the under-performing individual home segment. ince 2014 European concentrated solar power capacity for producing Selectricity has been more or less stable. New project constructions have been a long time coming, but this could change at the end of 2017 and in 2018 essentially in Italy. 51 millions m2 2 313.7 MWth The cumulated surfaces of solar thermal Total CSP capacity in operation Glenergy Solar in operation in the European Union in 2016 in the European Union in 2016 SOLAR THERMAL AND CONCENTRATED SOLAR POWER BAROMETERS – EUROBSERV’ER – JUIN 2017 SOLAR THERMAL AND CONCENTRATED SOLAR POWER BAROMETERS – EUROBSERV’ER – JUIN 2017 3 4 The world largest solar thermal Tabl. n° 1 district heating solution - Silkeborg, Denmark (in operation end 2016) Main solar thermal markets outside European Union Total cumulative capacity Annual Installed capacity (in MWth) in operation (in MWth) 2015 2016 2015 2016 China 30 500 27 664 309 500 337 164 United States 760 682 17 300 17 982 Turkey 1 500 1 467 13 600 15 067 India 770 894 6 300 7 194 Japan 100 50 2 400 2 450 Rest of the world 6 740 6 797 90 944 97 728 Total world 39 640 36 660 434 700 471 360 Source: EurObserv’ER 2017 new build, because of the construction is now causing great concern, where as a water production.
    [Show full text]
  • The History of Solar
    Solar technology isn’t new. Its history spans from the 7th Century B.C. to today. We started out concentrating the sun’s heat with glass and mirrors to light fires. Today, we have everything from solar-powered buildings to solar- powered vehicles. Here you can learn more about the milestones in the Byron Stafford, historical development of solar technology, century by NREL / PIX10730 Byron Stafford, century, and year by year. You can also glimpse the future. NREL / PIX05370 This timeline lists the milestones in the historical development of solar technology from the 7th Century B.C. to the 1200s A.D. 7th Century B.C. Magnifying glass used to concentrate sun’s rays to make fire and to burn ants. 3rd Century B.C. Courtesy of Greeks and Romans use burning mirrors to light torches for religious purposes. New Vision Technologies, Inc./ Images ©2000 NVTech.com 2nd Century B.C. As early as 212 BC, the Greek scientist, Archimedes, used the reflective properties of bronze shields to focus sunlight and to set fire to wooden ships from the Roman Empire which were besieging Syracuse. (Although no proof of such a feat exists, the Greek navy recreated the experiment in 1973 and successfully set fire to a wooden boat at a distance of 50 meters.) 20 A.D. Chinese document use of burning mirrors to light torches for religious purposes. 1st to 4th Century A.D. The famous Roman bathhouses in the first to fourth centuries A.D. had large south facing windows to let in the sun’s warmth.
    [Show full text]
  • Institute of Solar Technology
    INSTITUTE OF SOLAR TECHNOLOGY 10th NATIONAL CONFERENCE ON RENEWABLE ENERGY SOURCES: BOOK OF ABSTRACTS ISSN 1108 - 3603 Edited by: George Tsilingiridis, Associate Professor Mechanical Engineering Department Aristotle University of Thessaloniki, 541 24 Thessaloniki, Greece Tel: +30 2310 996084, fax: +30 2310 996087, e-mail: [email protected] Edition of: Institute of Solar Technology P.O.B. 487, Aristotle University of Thessaloniki 541 24 Thessaloniki, Greece Tel.: +30 2310 996081, 6084, Fax: +30 2310 996087 website: http://www.eng.auth.gr/IHT/, email: [email protected] Printing: Editions Giahoudis K. Melenikou 15, 546 35 Thessaloniki, Greece tel. +30 2310 216779 INSTITUTE OF SOLAR TECHNOLOGY The Institute of Solar Technology (IST) is a scientific and educational organisation established in 1980, in Thessaloniki. Objectives of IST are: • To encourage research, development, and use of Renewable Energy Sources (RES). • To collect and disseminate information in the area of RES utilisation through conferences, seminars and publications. • To establish international connections and to encourage the transfer of knowledge in the area of RES. • To elaborate suggestions and energy policy alternatives aiming to promote the diffusion, utilisation and development of RES. In promoting the above objectives, IST has already organised nine National Conferences on Renewable Energy Sources (in years 1982, 1985, 1988, 1992, 1996, 1999, 2002, 2006, and 2009), where the majority of Greek scientists active in all fields of renewable energies and energy conservation have participated, while more than 900 scientific papers were presented. The proceedings of the conferences present the state of research and work done in Greece in the field of Renewable Energy Sources and its development during the last two and a half decades.
    [Show full text]
  • The ISES Solar World Congress in Kassel
    30th ISES Biennial Solar World Congress 2011 Kassel, Germany 28 August - 2 September 2011 Volume 1 of 6 ISBN: 978-1-61839-364-7 Printed from e-media with permission by: Curran Associates, Inc. 57 Morehouse Lane Red Hook, NY 12571 Some format issues inherent in the e-media version may also appear in this print version. Copyright© (2011) by the International Solar Energy Society All rights reserved. Printed by Curran Associates, Inc. (2012) For permission requests, please contact the International Solar Energy Society at the address below. International Solar Energy Society Villa Tannheim Wiesentalstrasse 50 D-79115 Freiburg Germany Phone: +49-761-459-060 Fax: +49-761-459-0699 [email protected] Additional copies of this publication are available from: Curran Associates, Inc. 57 Morehouse Lane Red Hook, NY 12571 USA Phone: 845-758-0400 Fax: 845-758-2634 Email: [email protected] Web: www.proceedings.com TABLE OF CONTENTS VOLUME 1 OPENING CEREMONY Welcome to the ISES Solar World Congress in Kassel..................................................................................................................................1 K. Vajen The Future of Energy in Germany Towards an Age of Renewables............................................................................................................9 B. Goeke ISES Perspectives on Global Solar Energy Development............................................................................................................................13 D. Renné ISES Award for Advancing Solar Energy Policy,
    [Show full text]
  • Costs and Benefits Analysis of Renewable Energy in Greece
    Costs and Benefits Analysis of Renewable Energy in Greece Katselas Georgios SID: 3302130014 SCHOOL OF SCIENCE & TECHNOLOGY A thesis submitted for the degree of Master of Science (MSc) in Energy Systems DECEMBER 2015 THESSALONIKI – GREECE -i- Costs and Benefits Analysis of Renewable Energy in Greece Katselas Georgios SID: 3302130014 Supervisor: Dr. Theodoros Zachariadis Supervising Committee Members: Dr. Georgios Martinopoulos Dr. Theologos Dergiades SCHOOL OF SCIENCE & TECHNOLOGY A thesis submitted for the degree of Master of Science (MSc) in Energy Systems DECEMBER 2015 THESSALONIKI – GREECE -ii- Abstract This thesis is the last stage of a very interesting Postgraduate about Energy Systems of the International Hellenic University. Its purpose is the implementation of a very useful tool, the Cost-Benefit Analysis of the use of renewable energy. The issue of energy and finding credible, economic and sustainable energy sources is a point of debate in recent years throughout the world and particularly in Europe, which is the spearhead in issues relevant to energy management and environmental protection. In this direction, the European institutions have adopted a multitude of legislative provisions and directives, observing the negative trends that indicators have, such as CO2 emissions in the atmosphere, the stocks of conventional energy sources, etc. The greater penetration of renewable energy sources is a challenge of the time so as to reverse the negative climate in the sectors of energy and environment. It is however questionable whether the use of renewable energy sources is beneficial to society, both economically and socio-politically. The question will attempt to be answered in this thesis, making the necessary calculations.
    [Show full text]
  • DESERTEC Presentation
    An initiative of DESERTEC – Clean Power from Deserts Dr. Oliver Steinmetz Co-Founder & Member of the Supervisory Board [email protected] Workshop on “Solar Energy (Concentrated Solar Power)” Academy of Athens & the European Academies Science Advisory Council (EASAC) Athens, 9 December 2011 An initiative of Agenda DESERTEC: A global concept DESERTEC Initiatives O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of Challenges of the 21st century Energy supply AND climate protection How can 10 billion people live in a sustainable way on this planet that’s already overburdened by 5 billion people? O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of Desert Regions with Solar Energy Potential O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of Energy Consumption: Light O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of Power Supply (Deserts) vs. Demand Regions O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of Solar power generation Basic idea behind DESERTEC Within 6 hours deserts receive more energy from the sun than humankind consumes within a year. Dr. Gerhard Knies Dr. Gerhard Knies • DESERTEC Foundation • Member of the German Association CLUB OF ROME O. Steinmetz – DESERTEC – EASAC Athens, 9 December 2011 An initiative of The DESERTEC Concept integrates CSP with other renewables and HVDC EU-MENA = Europe - Middle East & North Africa • CSP = Concentrated Solar Power • HVDC = High-Voltage Direct Current The symbols for power sources are only indicators of potential locations. Sources: Clean Power from Deserts • White Book 4th Edition • DESERTEC Foundation • February 2009 • www.desertec.org • www.dlr.de O.
    [Show full text]
  • September 2015
    BALKAN SEPTEMBER 2015 GREEN ENERGY NEWS The most comprehensive coverage of green energy news from the Balkans Content Interview 03 Features 07 Projects 10 Serbia 13 Kosovo* / Montenegro 19 Croatia 21 Slovenia 22 Bosnia and Herzegovina 23 Romania 26 Bulgaria 31 FYR Macedonia 33 Greece 35 Cyprus 37 Albania 38 Turkey 38 Region/EU 42 Events 43 INTERVIEW Jean-Marc Jossart Secretary General European Biomass Association (AEBIOM) EU heating debate may bring cure for energy poverty AEBIOM, the European Biomass Association, has decided to support initiatives for the development of bioenergy sector in the Danube region, the organization’s general secretary Jean-Marc Jossart told Balkan Green Energy News. “Last year we noticed a growing interest in Brussels and at the European Union level” for the objective, he said in an interview. An example of the support is the BioRES project, where the idea is to help create trade platforms in Serbia, Bulgaria and Croatia, with intermediary steps between the biomass suppliers, forest owners and wood industry on the one side and final users, buyers on the other, Jossart added. When AEBIOM was founded in 1990, it had five national associations as members, and now they are 29, alongside almost 100 companies. A strategy for the heating sector is expected at the European level, so the association is representing interests of its sector, while preparing and developing projects for education, the supply chain, mapping and technology, to name a few. Asked about the inner drive throughout his career, AEBIOM’s official explained the basic reasons for his interest in bioenergy were still the same, even though some are more important and they all change over the years.
    [Show full text]
  • Investigation of Efficiency Loss of Distributed Solar Power Due To
    UNLV Theses, Dissertations, Professional Papers, and Capstones August 2019 Investigation of Efficiency Loss of Distributed Solarower P Due to Soiling and Efficiency Recovery by Rainfall Amanda Mayumi Tanaka Follow this and additional works at: https://digitalscholarship.unlv.edu/thesesdissertations Part of the Environmental Engineering Commons Repository Citation Tanaka, Amanda Mayumi, "Investigation of Efficiency Loss of Distributed Solarower P Due to Soiling and Efficiency Recovery by Rainfall" (2019). UNLV Theses, Dissertations, Professional Papers, and Capstones. 3750. http://dx.doi.org/10.34917/16076293 This Thesis is protected by copyright and/or related rights. It has been brought to you by Digital Scholarship@UNLV with permission from the rights-holder(s). You are free to use this Thesis in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/ or on the work itself. This Thesis has been accepted for inclusion in UNLV Theses, Dissertations, Professional Papers, and Capstones by an authorized administrator of Digital Scholarship@UNLV. For more information, please contact [email protected]. INVESTIGATION OF EFFICIENCY LOSS OF DISTRIBUTED SOLAR POWER DUE TO SOILING AND EFFICIENCY RECOVERY BY RAINFALL By Amanda Mayumi Tanaka Bachelor of Science in Environmental Chemistry Universidade de Sao Paulo, USP 2015 A thesis submitted in partial fulfillment of the requirements for the Master of Science in Engineering - Civil and Environmental Engineering Department of Civil and Environmental Engineering and Construction Howard R.
    [Show full text]
  • CSP Emerging Markets – Solar Development in North Africa
    CSP Emerging Markets – Solar Development in North Africa Daniele Tabacco CSP Expo - Rome, September 2010 CSP Emerging Markets – Solar Development in North Africa Content • CSP Potential of MENA Region • Nur Energie’s Solar Export Project in North Africa • Case Study: CSP Development in Greece Page 2 CSP Emerging Markets – Solar Development in North Africa CSP: MENA Energy Potential Source: Breyer & Knies, 2009 Page 3 CSP Emerging Markets – Solar Development in North Africa CSP: MENA Energy Potential MENA region has amongst the best physical conditions for solar power in the world •CSP is of particular interest to utilities due to scalability and dispatch-ability •Growing strategic importance of renewable energy in the Mediterranean and Gulf region •Good potential for enhancing local content through technology transfer •Possibility of “green” stimulus packages that create employment through investment in transmission, generation, and equipment manufacturing •Possibility of export of renewable energy into Europe Source: African Development Bank, 2010 Page 4 CSP Emerging Markets – Solar Development in North Africa Renewable Energy Targets in MENA Region Source: African Development Bank, 2010 Page 5 CSP Emerging Markets – Solar Development in North Africa CSP for Solar Export Projects: DESERTEC The DESERTEC INDUSTRIAL INITIATIVE (D.I.I.) was founded to pave the way for the establishment of a framework for investments to supply the MENA region and Europe with power produced using solar and wind energy sources. The long-term goal is to satisfy a substantial part of the energy needs of the MENA countries and meet as much as 15% of Europe’s electricity demand by 2050. Source: D.I.I., 2009 Page 6 CSP Emerging Markets – Solar Development in North Africa Nur Energie is an international solar developer and utility Nur Energie is a truly international multi-technology solar power plant developer with activities in Greece, Italy, France and Africa.
    [Show full text]
  • 1-S2.0-S0973082618310846-Main
    Energy for Sustainable Development 48 (2019) 43–58 Contents lists available at ScienceDirect Energy for Sustainable Development Barriers to Large-scale Solar Power in Tanzania Ahmed Aly a, Magda Moner-Girona b, Sándor Szabó b,⁎, Anders Branth Pedersen a, Steen Solvang Jensen a a Department of Environmental Science, Aarhus University, Frederiksborgvej 399, P.O. Box 358, DK-4000 Roskilde, Denmark b European Commission, Joint Research Centre (JRC), Ispra, Italy article info abstract Article history: The Tanzanian official power system expansion plan shows a dominant dependence on fossil fuel-fired Received 14 August 2018 power plants till 2040. Hence identifying and analysing the underlying barriers for the deployment of large- Revised 26 October 2018 scale renewables are essential. This study investigates the barriers to large-scale solar power in Tanzania. Key Accepted 30 October 2018 institutional, financial, and technological barriers are identified at different levels. The study uses a qualitative Available online 29 November 2018 methodology where primary data is collected through 30 semi-structured interviews with experts representing Keywords: the main electricity sector's stakeholders from public institutions, research institutions, private investors, civil fi Barrier analysis society organizations, development partners, and nancial institutions. A stakeholder-based approach which Renewable energy emphasizes the different perceptions of the stakeholder's groups is used to identify the barriers. Institutional Qualitative research barriers for the diffusion of large-scale solar power technologies are found to be predominant, and they often Stakeholder-based approach trigger financial and technological barriers. The study consolidates the view that foreign investment and Sub-Saharan Africa aid directed to expand electrification in Sub-Saharan Africa need to be reshaped in order to be a driving Tanzania force towards sustainable energy transition in the region.
    [Show full text]
  • Renewable Energy in the Mediterranean
    Renewable Energy in the Mediterranean The file note was written by the the Aston Centre for Europe - Aston University (authors: Dr. J. Bloomfield, Dr. N.Copsey, Dr. C. Rowe). It does not represent the official views of the Committee of the Regions. More information on the European Union and the Committee of the Regions is available on the internet through http://www.europa.eu and http://www.cor.europa.eu respectively. Catalogue number: QG-30-12-972-EN-N ISBN: 978-92-895-0642-7 DOI: 10.2863/63509 © European Union, 2011 Partial reproduction is allowed, provided that the source is explicitly mentioned Table of Contents Introduction ......................................................................................................... 1 1. The Potential of the Southern and Eastern Mediterranean ...................... 5 1.1 Wind Power.............................................................................................. 6 1.2 The Potential for Solar Energy................................................................. 7 1.2.1 The DESERTEC Project .................................................................. 7 1.2.2 The DESERTEC University Network, Dun..................................... 9 2. Relevant examples of good practice by local and regional authorities within Europe ...............................................................................................11 2.1 Canary Islands. Combining Wind with Hydro-Electricity.....................11 2.2 Languedoc-Roussillon Region: Spreading the Use of Solar Panels ......12
    [Show full text]