vredendal solar power park (pty) ltd. - … · vredendal solar power park (pty) ltd. nersa public...

23
VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power Plants 13 AUGUST 2012

Upload: nguyenkien

Post on 11-Sep-2018

235 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

VREDENDAL SOLAR POWER PARK (PTY) LTD.

NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power Plants

13 AUGUST 2012

Page 2: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Contents

1. Background and Project Company Structure

2. Corporate Background

3. Project Description

4. Technical

5. General (non-confidential) Financial and Funding

6. Community Trust, BBBEE & Economic Development

Page 3: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Background and Project Company Structure

Page 4: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Background and Project Company Structure

• Solar Photovoltaic – Fixed Frame

• 10.395 MWp Installed Capacity

• Located 300km north of Cape Town

• 100% Locally Manufactured Modules

• 196 jobs created during construction

• 36 jobs created during operation

Page 5: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Background and Project Company Structure

Jay & Jayendra (Pty) Ltd.(Black Enterprise

Members)

SDSA(Lead member)

Vredendal Solar Community Trust

Vredendal Solar Power Park (Pty) Ltd.

Page 6: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Corporate Background

• Lead Member

• 100% Owned by SolaireDirect –Largest Solar IPP in France

• 300 employees worldwide –offices in 6 countries

• Local subsidiary started in 2009 currently employing 12 people

Page 7: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Corporate Background

Fully Integrated Business Model

Page 8: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Corporate Background

Solairedirect has installed over 120MW to date. Another 135MW is currently under construction and120MW under development.

Page 9: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Corporate Background

• A state-of-the-art, purpose built, PV Module production unit in CAPE TOWN

• Plant Commissioned in Feb 2009.

• Current capacity of 50MW per year

• 110 employees

• R50million investment

- Local Manufacturing Facility

Page 10: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Corporate Background

• Local Partner

• Black owned investment holding and management company

• J & J shareholding is broad-based extending to 200,000 individuals

• Current investments span various industries and sectors including rail, energy, bio-fuels and property

Page 11: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Project Description

Page 12: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Project Description

Page 13: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Project Description

- Site Photos

PHOTOGRAPHS LOOKING EAST AND SOUTH

Page 14: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Project Description

- Site Photos

PHOTOGRAPHS LOOKING WEST AND NORTH

Page 15: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Project Description

PARAMETER UNIT VALUE

Site area Ha 61.52Solar park area Ha 19.9

Park perimeter measurement M 800 (length) x 300 (width)Latitude * 31°37’33.40” SouthLongitude * 18˚30’30.36” EastTemperature (min/max) Degrees Celsius -10/+45Altitude m (a.m.s.l.) 200Average rainfall mm per annum 105Relative humidity % 90

Electrical Information

Total Contracted capacity MW (peak) 8.82Total quantity of PV modules Pcs 41580

Number of inverter/transformer stations Pcs 8Inverter station capacity MW 1.260Grid ConnectionConnection Voltage kV 11Transmission Line Length km 0.5Eskom Substation * Bulte

Page 16: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Technical

Page 17: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Technical – Permits & Consents

Page 18: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

General (non-confidential) Financial and

Funding – Project Financing Structure

Jay & Jayendra (Pty) Ltd.(Black Enterprise Members)

SD France(Parent Company)

SDSA(Lead member)

Vredendal Solar Community Trust

Vredendal Solar Power Park (Pty) Ltd.

Equity 31%Snr Debt 62%Pref Shares 7%

57.5%

100%

“free carry”

SOLAR CONTRACTING

SDSA J&J

90% 10%

SolaireDirectTechnologies

(Primary Equipment Supplier)

DBOContract

SHAREHOLDING (SH)

CONTRACT

40% 2.5%

EXTERNAL DEBT

RMB(Senior Debt)

RMB(Pref. Shares)

62% 7%

Page 19: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

General (non-confidential) Financial and

Funding

• Total estimated project cost R202 million

• Funding structure:– Senior Debt: 62%– Mezzanine finance: 7% (preference shares)– Equity: 31%

• Cash flow positive from first year of operations (before equity participation)

• Comprehensive O&M program in place

• Comprehensive insurance program in place

• Decommissioning provision provided for at 10% of cost

Page 20: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Community Trust, BBBEE & Economic

Development

Group Description Target Commitment

Job Creation

RSA Based Employees – Citizens 80% 80%

RSA Based Employees – Black Citizens 50% 50%

Skilled Employees – Skilled Black Citizens 30% 30%

RSA Based Employees – Local Citizens 20% 20%

Local Content % of Local Content Spend 60% 54.3%

Ownership

Project Company – Black shareholding 30% 30%

Project Company – Local Community 2.5% 2.5%

EPC Contractor – Black shareholding 8% 10%

O&M Contractor – Black shareholding 8% 10%

Management

ControlBlack Top Management 40% 40%

Preferential

Procurement

BEE Procurement Spend 60% 60%

EME & QSE Procurement Spend 10% 5%

Woman Owned Vendor Spend 5% 2.5%

Enterprise

DevelopmentEnterprise Development Contributions 0.6% 0.5%

Socio-Economic

Development

Socio-Economic Development

Contributions1.5% 1.2%

Page 21: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Community Trust, BBBEE & Economic

Development

Local Ownership & BBBEE

• South African Ownership = 41.42%

• Project Company = Level 4

• Contractor = Level 4

Page 22: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

Community Trust, BBBEE & Economic

Development

Community Trust

• 2.5% ownership in Project Co. (shares gifted)

• 1.2% of revenue committed to socio-economic development

• A Broad-based trust benefitting the communities of Aurora, Piketberg & possibly others in the vicinity.

• Trustees will consist of members of the Project Co, independent members and members from the community represented by NGO’s and other organisations active in the area.

• Beneficiaries of the Trust identified through projects and initiatives undertaken by NGO’s.

• Projects will cover the healthcare, welfare, housing & education sectors

Page 23: VREDENDAL SOLAR POWER PARK (PTY) LTD. - … · VREDENDAL SOLAR POWER PARK (PTY) LTD. NERSA Public Hearing on the the Application for a Generation License for Renewable Energy Power

CONCLUSION