Renewable Energies in Portugal

Renewable Energies in Portugal
2013
Content
Portugal
Renewable
Energies
aicep Portugal Global
2
PORTUGAL IS A BUSINESS OPPORTUNITY
Why choose
Portugal?
Strategic location
Portugal is the European nearest country to the U.S.
3-hour distance between Brazil and Russia.
Same time as UK and Ireland.
Attractive Consumer Market
Portugal
Iberian Market
10,6
51
European Market
494
Portuguese Speaking countries
220
Great and privilege economic relations
between Portugal and Brazil, Angola and
Mozambique.
Daily flights to major European cities.
Million Inhabitants
Why choose
Portugal?
Qualified Workforce
Flexible labour lawHigh-standard educationWide availabilityPartnerships with world-class US institutions
Portugal has a highly skilled and educated
workforce. Portugal ranks on Top within the
EU countries in number of PhDs per 1,000
inhabitants.
71,7%
71,7%
71
40% of students in tertiary education are
enrolled in engineering, sciences and health.
The increase rate in the last 3 years is about
30%.
42%
At least 1
language
23%
At least 2
languages
6%
At least 3
languages
Portuguese are known for commitment to
work which places us below the EU average
regarding working days lost per year.
43,6
11,3
Working Days Lost
(per 1.000 employees – EIRO, 20052009)
Language skills: English, French and Spanish
are the most spoken languages. English is
universally taught from 1st grade.
Why choose
Portugal?
Competitive Costs
Portugal is still cost competitive according to international recognized
sources. There was a decrease of -1,2% in hourly labour costs in 2012
Q1 (Euro 27 rose by +2,0%).
In terms of real estate – industrial space - and within 53 countries/cities
worldwide, Portugal/Lisbon is the 8th less expensive location.
Portugal also has one of the lowest monthly minimum wage in Europe
(485€).
12,4
11,4
4,0
+1,5
1,5
100
3,4
87
-1,2
Electricity
Natural Gas
Labour Cost Index
Cost of Living
(Prices for industries in
€/100kWh – Eurostat 2012
S1)
(Prices for industries, in €/GJ –
Eurostat 2012 S1)
(Year-on-year rate of change –
Eurostat 2012 Q1)
(HFC 2011 - Eurostat)
Why choose
Portugal?
Technological Infrastructures
0,72
0,38
FULLY DIGITALIZED
Telecom Prices
Euro/10 min call
Eurostat 2010
The percentage of fiber connections in total
broadband is already 6% for Portugal,
ahead of countries such as Netherlands,
Finland, France, Spain, Italy, Poland,
Austria Germany or Belgium.
Telecommunications have been
a major priority in Portugal. The
country has now 95% coverage
of broadband infrastructures.
The net increase in the
broadband penetration growth for
Portugal is above the OECD
average (Dec 2010).
The Internet is also well developed.
Portugal is a United Nations case study in
terms of e-Government and its availability
of public services on-line.
Why choose
Portugal?
Office Space available
Portugal offers a dynamic real estate market. High quality
space, well designed and energy efficiency oriented has
boomed and rent prices are competitive comparing the other
European countries.
Office space
Industrial space
123,5
915
79,2
439
290
Occupancy cost, in €/sqm/year, C&W2013
52,2
Portugal is ahead of
countries such as France
and Spain in terms o
cost. The figures are
shown for Lisbon. If we
considered Porto area,
prices can lower 25%.
Occupancy cost, in €/sqm/year, C&W2011
Why choose
Portugal?
Business friendly environment
MULTI-CULTURAL
EASE OF DOING BUSINESS
‡ Major public services are on-line;
‡ Portugal is considered by the United
Nations, a case study in eGovernment;
‡ Average time to set up a firm is less
than 1-hour
Portugal is very open to foreign cultures:
the availability of international schools,
the safety record and quality of life
attract expatriates.
As a result Portugal is ranked #2 in the
Migrant Integration Policy Index 2011.
“Portugal is unique in attracting young
graduates and executives.” Carlos
Brazão, Cisco Portugal
Why choose
Portugal?
Incentives & Grants
FISCAL GRANTS
- Corporate tax credit of up to 20%
of the investment;
- Exemption of local taxes;
- Exemption of stamp duty;
- Tax incentives for R&D (SIFIDE
II).
- Income tax: flat tax rate for
expatriates of 20% for a 10 years
period.
JOB CREATION
Internships (Unemployed/
handicapped people) – monthly
support for 12 months (80% to
100% depending on nr of
employees)
Exemption (for 36 months) of
social contributions
- Young (first job) or long term
unemployed people (> 12 months)
- Permanent labor contracts only;
- Not cumulative with Social
Security Refund
Social Security Refund
- Long term (more than 6 months)
unemployed people (young or
over 45)
- 75% to 100 % of monthly social
contribution
- Limit between € 175 and € 200
- Maximum duration: 18 months;
- Net increase in total
employment; Applies to a
maximum of 20 employees.
- Cumulative with Estímulo 2013
incentive
“Estímulo 2013” Initiative
- Unemployed for more than 3 or
6 months
- Support: 50% to 60% of monthly
wage
- Limit: between €419,33 and
€544,98
- Maximum duration between 6
and 18 months
- Net increase in total employment
- Cumulative with Social Security
Refund and Social Contribution
Exemptions
A detailed incentives offer can be prepared for a specific investment and business plan.
They chose us
MANUFACTURING
SERVICES
“
Our decision is a result of the recognition of the hospitality and
the commitment of the Portuguese Government, of the multilingual skills of the
local population as well as its professionalism and ability, and proven success
in innovation areas.”
Chris Dedicoat, Senior Vice-President for Europe, Cisco
”
“
One of our main strategic lines was always to shorten
distances with the academic world and to bet in strong innovation,
investigation and development in Portugal thus taking advantage of the
Portuguese engineer’s excellence.
João Picoto, Chairman of Nokia Siemens Networks
Portugal
”
Why choose
Portugal?
Renewable Energies
In Portugal
Renewable Energy for 2020
Targets and Objectives
Where we aim to be in 2020
NATIONAL ACTION PLAN FOR RENEWABLE ENERGY 2020
Free competition, price transparency and fully deregulated energy markets
Reduction of the energy consumption by 25% and the Government consumption by 30%
Reduction of the greenhouse gases emissions
Diversify the energy primary sources: reduce the fluctuations of the commodities’ price.
Reduce oil dependence: biofuels and public transportation might represent an important impact
Support internationalization of enterprises mainly those focused in high-tech renewable sources.
Source: Resolução do Conselho de Ministros nº 20/2013
Renewable Energy for 2020
Targets and Objectives
2020 Targets (Directive 2009/28/CE)
% OF RENEWABLE ENERGY IN FINAL ENERGY CONSUMPTION
60
With a goal of 31%, Portugal
has taken on the 5th most
ambitious goal in the EU 27 for
renewable energy.
50
49
40
%
40
38
34
30
31 30
25 25 24
23 23
20
20
10
18 18 17
16 16 15 15
14 14 13 13 13 13
11 10
Source: Directive 2009/28/CE (http://ec.europa.eu/energy/renewables)
Malta
Luxemburg
Belgium
Hungary
Cyprus
Czech Rep.
Slovakia
Netherlands
Poland
UK
Ireland
Bulgaria
Italy
Greece
Germany
Spain
Lithuania
France
Romania
Estonia
Slovenia
Denmark
Portugal
Austria
Finland
Latvia
Swedwn
0
Renewable Energy for 2020
Targets and Objectives
In 2013, the Portuguese Government went even further by
increasing the targets for renewable energy
NEW 2020TARGETS
Weight of Renewable
energy
In final energy consumption
2020 Targets
(as defined in 2010)
(5th
2020 Targets
(new Resolution of
Council of Ministers 2013)
31%
highest in the EU)
34,5%
In electricity
55,3%
59,6%
In Climate control
30,6%
35,9%
In Transportation
10%
11,3%
Fonte: Plano de Acção para as Energias Renováveis ao abrigo da Directiva 2009/28/CE (http://ec.europa.eu/energy/renewables)
Renewable Energy for 2020
Targets and Objectives
Electricity Production Targets
Breakdown per Energy source
Portugal
2004
2012
2020
MW 16.000
Renewables
28%
46%
60%
12.000
Fossil fuels
72%
54%
40%
8.000
4.000
Increase in Production
capacity (MW)
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Portugal
2004-2012
2012-2020
Water
978
3.401
Wind
3.913
850
Solar
223
495
Biomass
157
207
Source: Resolução do Conselho de Ministros nº 20/2013
Hidroelétrica
Biomassa
Geotérmica
Eólica
Solar
Marés, ondas, oceanos
Renewable Energy for 2020
Some Key Drivers
Portugal has achieved an installed capacity from renewable
sources of 10.844 MW in February 2013
ƒ From 500MW in 2004 to
4,587 MW in Dec 2012
ƒ 2 industrial and clusters
ƒ Portugal is TOP 3 in the EU
with highest installed
capacity per capita
ƒ Optimize current unused
hydro potential
ƒ Already achieved 5.337
MW in 2012
ƒ Implement the 10 hydro
projects of the National
Hydro Plan + 6 upgrades
ƒ Target: to reach 8.940
MW in 2020
ƒ Target: to reach 5.300 MW
in 2020
Source: www.renewable.pt and DGGE
‡ Already achieved: 210
MW in 2012
ƒ Promote a diversified
policy on other RES:
ƒ250MW biomass
‡ Portugal is the 9th
European country with the
biggest installed capacity
ƒ Target: to reach 720 MW
in 2020
ƒ250 MW wave
ƒ100MW biogas
ƒ Biomass 2020 target: 769
MW
Renewable Energy for 2020
Key Drivers
Energy Efficiency
Set a 20%
energy
efficiency
improvement
target by 2020
Launch one of the 1st
worldwide National
Electric Mobility
Network
Portugal’s objective is to promote
the coverage of the majority of the
national territory by intelligent
networks, combining it with more
efficient management of the
existing networks.
With an investment of 1000
million Euros, intelligent
networks shall be responsible for
creating 3000 jobs and will allow
the integration of the charging of
the electric vehicle and
decentralized micro-production.
Source: www.renewable.pt and DGGE
Renewable Energy
Successful projects in place
2nd
The
largest wind
Farm in Europe
Alto Minho wind farm – 120 turbines over 5 smaller
farms, 240MW of installed capacity, output of 600
GWh/year, enough to supply 160,000 homes and
prevent emissions of 500,000 tn of CO2/year. (1)
ALTO MINHO WIND FARM
(1) Surpassed only in 2009 by the Glasgow farm, with 140 turbines and 322MW of installed capacity
Renewable Energy
Successful projects in place
The world’s largest
photovoltaic plant in
an urban area
Opened in 2009, the Lisbon Region Supplier Market Plan has 6MW of installed
power. With an investment of € 31 million, it consists of 11 buildings, 59
inverters, 24 transformers, and 28,000 solar panels – reduction of 7,000
tn/year of CO2
LISBON REGION SUPPLIER MARKET
Renewable Energy
Successful projects in place
National platform
for electric cars
in 2011
Portugal pioneered the launch of the National Electric Mobility Grid, an
integrated mobility model based on renewable energy: it allows the
supply of electric vehicles through a charging card.
Energy
Partners
Find more at wwwmobie.pt
R&D
Technology
Renewable Energy
Successful projects in place
‡
Leader in intelligent
networks
Évora
Find more at www.inovcity.pt
‡
The INESC – Computers and Systems Engineering Institute is a leader in
Mobile Energy Resources for Electricity Grids, the largest EU-backed
research project in the field of intelligent grids.
Évora is a pilot-city for intelligent grids and an international benchmark – by
the end of 2010 31,000 of the world heritage city’s clients will be hooked up
to the InovGrid.
Renewable Energy
Successful projects in place
Portuguese
Pilot
Zone
The Portuguese Pilot Zone (PPZ) includes an area of 320 km2.
It is a maritime space delimited, under national jurisdiction, in waters
whose depths are between 30 and 90 meters.
Investment opportunity for
foreign investors in the wind and
wave energy:
- Commercial Stage – Injection of
up to 250 MW
Managing and
Licensing Entity
Source: www.oceanplug.com
PILOT
ZONE
Renewable Energy
Successful projects in place
OWC Pico 400 KW Wave Power Plant
The OWC Pico Power Plant is located in the Pico
island, the largest of the Central group of Azores.
Pico OWC was built as the European Wave
Energy pilot plant, co-funded by the EC, in order
to demonstrate the technical viability of wave
energy in a small island grid.
The site of the OWC plant was chosen due to the
high energy levels on the Pico North coast, which
in addition offers several "shoreline gully" rocky
formations, which have a natural energy
concentrating character.
A total annual production of 45 MWh was
achieved in 1450 hours of operation.
Source: http://www.pico-owc.net/
Renewable Energy
Successful projects in place
Betting heavily on wind power: 2 industrial clusters
ENEOP Wind Cluster Viana do Castelo
Ventinvest wind
cluster – Aveiro, Viseu
and Porto
Industrial cluster provides “turnkey” wind farm equipments.
Estimated investment: € 500
million including wind farms
(400MW).
Estimated investment: € 1.75
billion
Fully operational: 2100 jobs
Exports: € 200 million/year
CO2 reduction: 1 million
tn/year.
Investment in industrial cluster:
€ 66 million (Portuguese
industrial capacity and German
technology from Repower
Systems).
Fully operational: 1327 jobs
Exports: 60% of output/year.
Source: Aicep
Renewable Energy
Key Players in Portugal
BOSCH
Worldwide HQ and
Competence Center for
thermo-technology division:
‡ Solar;
‡ Heating;
‡ Water efficiency.
Source: Aicep
EDP RENEWABLES
‡ #3 wind player worldwide
‡ #1 hydro developer in
Europe
‡ Ranked as Best Electric
Utility Worldwide in 2010
and 2011
MARTIFER SOLAR
‡ Global player in the PV
Sector:
Project & Business
Development;
‡ EPC, via our 360º PV turnkey
solution model;
‡ Specialized O&M Service
business unit;
‡ Distribution, via MPrime
Brand.
aicep Portugal Global
aicep Portugal Global
Who are we?
Mission
Values
We are a Business Development Agency, focused on
the development of a competitive business
environment that contributes to the international
expansion of the Portuguese Economy.
Increasing the country’s competitiveness,
promoting large private investment and fostering
the internationalization of Portuguese companies.
Focus on clients. We serve our clients in accordance to their requirements
through various solutions and long-term relationships.
Selectiveness. We direct our activity towards projects and markets that
make a better contribution to company competitiveness and the
sustainability of the Portuguese economy.
Excellence. We seek to exceed expectations by means of a rigorous
approach, effectiveness, enthusiasm and a willingness to innovate.
About Us
aicep Portugal Global: how can we help
you?
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PreInvestment
Incentives
Negotiation
Settling In
After Care
Single point of contact
in all phases: preinvestment,
incentives
negotiation, settling in
and after care
Promoting a direct negotiation
with companies, through which a
tailored approach to incentives
may be applied in order to define
a global package that fully
satisfies the investor's needs
Dynamic
approach
focused on the
client or investor
Government
business entity,
flexible, free of
charges and
streamlined services
www.portugalglobal.pt