Diapositiva 1
Transcription
Diapositiva 1
Renewable Energy Industry Prospective and Business Opportunities in Mexico Business Intelligence Unit 2013 Index 1. 2. Global Industry 1.1 1.2 1.3 1.4 The Industry in Mexico 2.1 2.2 2.3 2.4 2.5 2.6 Installed capacity and potential Renewable power stations Investment Companies in Mexico Forecast Wind sector 2.6.1 Wind potential 2.6.2 Projects 2.6.3 Open season 2.6.4 Wind industry manufacturing companies 2.6.5 Success stories 2.7 Solar sector 2.7.1 Solar potential 2.7.1 Projects 2.7.2 Solar industry manufacturing companies 3. Installed capacity Investment Global companies Global cost trends Legal framework 3.1 3.2 3.3 3.4 Private production Incentives Associations and Research Centers Procedures 1 Global Industry Business Intelligence Unit 2013 1.1 Installed Capacity In 2011, renewable energy (RE) represented 20.3% of the total electrical power generated worldwide, and 25% (1,363 GW) of global installed capacity for power generation from RE. It is estimated that by 2035, this GlobalGW. power generation installed capacity from RE 2011 capacity reached 3,437 Energy -Wind -Photovoltaic -Concentrated Solar Power -Hydraulic -Biomass -Geothermal Total Installed capacity 2011 (GW) Growth 2010-2011 Installed capacity 2035 (GW) CARG 2011-2035* 238 70 2 970 72 11 1,363 20% 75% 38% 3% 9% 11% 8% 1,035 406 91 1,602 244 42 3,437 6.3% 7.6% 17.2% 2.1% 5.2% 5.7% 3.9% Source. REN 21, Renewables 2012, Global Status Report. * CARG: Compounded Annual Growth Rate. / Estimates. Energy Outlook 2010, IEA. The wind energy sector was the largest that new capacity added (40 GW), but the solar sector was the one with higher growth over the previous year, driven by photovoltaic technology. It is estimated that by 2035 the installed capacity will reach 3,437 GW, with a compounded annual growth rate of 2%. 1.1 Installed Capacity In 2011, the countries with the largest installed capacity from RE sources were China (21%), followed by the United States (11%) and Brazil (7%). These countries are also the main power generators from RE sources. Renewable power capacity and generation leading countries 2011* Country China United States Brazil Canada Germany India Russia Spain Italy Japan Norway Rest of the world Total Installed capacity* GW 282 147 93 78 65 62 49 48 40 39 32 428 1,363 Source. REN 21, Renewables 2012, Global Status Report. (*)Includes hydropower (**) Data 2010 Generation 764 436 430 360 104 132 167 94 76 103 118 N.D. N.D. TWh** 1.2 Investment In 2011, global investments in this sector were 257,000 million USD, representing an increase of 17% in comparison to the previous year UK 9 md United States 48 md France Germany Spain 5 md 31 md 9 md Italy 29 md India 12 md Brazil 7 md Source: REN 21, Renewables 2012, Global Status Report. *Includes total finance investment (173,000 md) and public and private, R&D investment and small projects of distribuited capacity (84,000 md). China 51 md Total investment* 2011 2010 2009 2008 2007 2006 2005 2004 (md) 257,000 220,000 161,000 167,000 133,000 97.000 61,000 39,000 1.3 Global Companies Main power generation companies from RE 2010 Company Country Iberdrola Spain Nextera Energy United States China Guodian China Corporation Enel SpA Italy Acciona SA Spain Energías de Portugal SA Portugal E. ON AN Germany China Datang Corporation China China Huaneng Group China Infigen Energy Australia Share of total capacity: 24% Source: World Energy Outlook 2010, IEA. (*) Large hydro is not included. Main companies in R&D investments for RE 2010 Company Vestas Wind System SMA Solar Technology First Solar Renewable Energy Centrotherm photovoltaics Sunpower LM Wind Power Nordex Country Denmark Germany United States Norway Germany United States Denmark Germany Source: Economics of Industrial Research & Innovation (IRI). 1.3 Global Companies Top wind and PV cells manufactureres 2011 Source: REN 21, Renewables 2012, Global Status Report. 1.4 Global Cost Trends The RE sector is expected to continue growing in the future; especially in solar and wind equipment production. Technologies for RE will continue to show a decreasing production costs due to accelerated technology developments and an increase in green equipment manufacturing. RENEWABLE POWER GENERATION COSTS BY TECHNOLOGY Source: Renewable Power Generation Costs in 2012: An Overview, IRENA. 2 Mexico Business Intelligence Unit 2013 2.1 Installed Capacity Mexico had 14,501 MW of renewable energy installed capacity generation until February 2012.This includes major hydroelectric plants which represented 23% of the total electric generation capacity (63,195 MW). Renewable power installed capacity in México Energy Potential (MW) Installed capacity (MW) Hydro 53,000 11,707 Wind 40,268 1,289 Geothermal Biomass 40,000 823 83,500-119,498 645 Solar 24,300* 37** Source: Ministry of Energy (SENER). February 2012. *Estimated potential to 2030. ** Includes medium and small PV projects, mainly focused on rural and residential Source: Energy Regulatory Comission CRE,Federal Electricity Commission CFE. Mexico has the goal to increase the share of clean technologies in total generation capacity to 35% 2.2 RE Power Stations Oaxaca Baja California Tamaulipas Veracruz Nuevo León San Luis Potosí Michoacán Jalisco Chiapas Puebla Otros Total Capacity (MW) 33 2,499 19 258 570 24 13 437 270 40 124 28 274 81 200 15 192 4 61 55 25 39 60 15 52 36 205 2 10 118 745 3,749 823 441 Source: CFE / CRE / Companies websites * Projects in operation and under construction includes only hydroelectric <= 30 MW of installed capacity. 5 1 30 156 192 Total Solar Hydraulic Geothermal Wind State RE Power Stations Biomass There were 258 opened and under construction plants for electricity generation from renewable sources in Mexico in 2012. The states with highest number of projects are Oaxaca for wind power and Veracruz for bioenergy, respectively. 2,551 857 450 434 302 282 210 146 124 103 492 5,951 2.3 Investment Between 2003 and 2012, Mexico received approximately 7,343 million USD of FDI in RE industry in general. The investment was concentrated in the states of Guanajuato, Oaxaca and Baja California. The main investor countries are Spain, the United States, Denmark, France and Israel. Foreign direct investment in the RE industry in Mexico Year Projects Investment in million USD * Jobs* 2012 2011 2010 2009 2008 2007 2006 2003 Total 4 5 4 4 3 1 1 1 22 1,441 1,853 947 1,024 912 104 311 750 7,343 306 880 226 343 177 1,367 95 102 3,496 Source: FDI Markets *Data estimated on investment announcements. 2.4 Companies in Mexico Many transnational RE equipment suppliers and project developers consider Mexico an appealing investment destination. Furthermore, Mexican companies have diversified their business towards this sector through participation in small scale projects for RE equipment manufacturing and sales. Leading RE companies in Mexico Source: AMDEE / Companies websites. 2.5 Forecast to 2026 It is estimated that by 2025 total power installed capacity from RE will exceed 30,000 MW. An increase of 20,544 MW (2012-2026) is estimated in current installed capacity, led by wind and hydropower sources, with 58.6 and 27.3% share, respectively. This forecast includes government production, selfsufficiency and distributed generation contract. Forecast of additional renewable power capacity 2012-2026 (MW) Public service Energy Self-sufficiency Distribuited generation Total Share Capacidad adicional instalada (MW) Wind Geothermal Hidro Solar - PV -Concentrated Solar Power Biomass 3,219 0 4,771 8,352 0 709 461 25 139 12,032 176 5,611 59% 1% 27% 6 752 1,170 1,928 9% 14 0 16 30 0% 0 422 345 767 4% Total 8,161 10,227 2,156 20,544 100% Source: Prospective Renewable Energy 2012-2026, SENER. 2.6 Wind Sector Business Intelligence Unit 2013 2.6.1 Wind Potential Wind potential in Mexico is estimated factors between 20 and 25%. at about 40,000 MW, with capacity Potential regions for developing wind power projects Source: AMDEE. 2.6.2 Projects Installed capacity of operating wind power farms reached 1,289 MW, of which only 7% is operated by the CFE, while the rest is operated through licensees under self-sufficiency, small producers and independent producers contracts. The state of Oaxaca concentrate most of the projects due its high wind potential. Wind power stations Status Capacity (MW) Location Service Oaxaca I,II,III and IV In operation 408.0 Oaxaca Public La Venta I,II and III Guerrero Negro Yuumil’llk In operation In operation In operation 187.5 0.6 1.5 Public Public Public - In operation 691.1 Oaxaca Baja California Sur Quintana Roo Baja California, Chiapas and Oaxaca Station/Licensee Total in operation 1,289 Under construction and under begin Total Source: CFE / CRE, 2012. Private 2,460 3,749 Baja California, Nuevo Leon, Oaxaca, San Luis Potosi, Tamaulipas and Veracruz. Private 2.6.3 Open Season First bid In 2006, the Energy Regulatory Commission (CRE) issued the first open season bid to Reserve Capacity to Transmit and Transform Electrical Power to be developed in the state of Oaxaca with the goal of transforming or expanding SEN infrastructure through wind projects. As a result, more than 2,600 MW were reserved, of which 2,000 MW are private owned projects and the rest will be property of the CFE. Second bid In 2011, the CRE issued the second open season bid in the states of Oaxaca, Puebla, Tamaulipas and Baja California for wind and Hydro projects. It is expected to end in 2013. In 2012 the process in Puebla was completed with the development of two hydro Second open season bid applications received projects with a total capacity of 78.6%. State Oaxaca Tamaulipas Puebla Baja California Total Source: CRE. Applications 36 40 23 29 128 Reserved capacity 6,608.90 7063.00 940.18 6,398.50 22,010.58 2.6.4 Wind Power Companies in México Some of the main wind farm developers in Mexico are Iberdrola, Acciona, EDF, Renovalia, Eyra, GSEER, Mcquaire (Preneal), Enel, Next Energy de México, Geomex, Sempra Energy. On the other hand, the leading companies in wind equipment manufacturing are: Acciona, Vestas, Gamesa, Clipper and Siemens. Wind power supply chain Towers Blades Generators Source: Bloomberg New Energy Finance, BNEF / AMDEE / Companies websites. Other 2.6.5 Success Stories “Fuerza Eólica del Istmo” wind farm: Tis project of 80 MW of installed capacity. This project supplies 20% of the company power consumption. Partners: Peñoles, Cooperativa La Cruz Azul and Procesos Electrónicos de México. “La Mata-La Ventosa” wind farm: The project of 67.5 MW of installed capacity located in the Isthmus of Tehuantepec in the state of Oaxaca, it supplies 70% of the power requirements of 348 WalMart stores located in Mexico City, the State of Mexico and Morelos. Eurus wind farm: This complex began operating in 2009 in the state of Oaxaca. It has an installed capacity of 250 MW and supplies 25% of Cemex’s energy needs in Mexico. Partners: Acciona, Cemex, Inmobiliaria Río La Silla, TEG Energía, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Cosbel, Frabel, Maizoro, Rotoplas and Sabritas. México. Partners: EDF Energies Nouvelles Nueva Wal-Mart de México, Cimentaciones y Puertos, Inversiones Eólicas, Operadora Vips, Suburbia and Servicios Administrativos Wal-Mart. “Piedra Larga” wind farm: This project of 227.5 MW is “Mareña Renovables” wind farm: This expected to generate practically 100% of electricity project of 396 MW will supply FEMSA consumed by Bimbo Group in Mexico and 50% in its for 20 years. Station is expected in the global operations consumption. third quarter of 2013. Partners: FEMSA, Macquaire and Cuauhtémoc Moctezuma (Heineken). Partners: Renovalia, Bimbo, Grupo Calidra, Frialsa Frigoríficos, Papalote Museo del Niño, Suburbia and Vips. 2.7 Solar Sector Business Intelligence Unit 2013 2.7.1 Solar Potential Mexico is among the top five most attractive countries in the world to invest in PV solar power projects, only behind China and Singapore. This is because the country is located in the so called “solar belt” with radiation exceeding 5kWh per square meter per day. Furthermore, Mexico has the largest PV module manufacturing base in Latin America. World’s attraction index of PV solar industry The investment attraction index includes: potential market, business policy and environment, financial stability and RE policies. The country attraction index considers the size of the electricity market, projected growth in electricity consumption by 2030, competitive costs in photovoltaic technology, energy distribution/ transmission losses, penetration of intermittent sources for electricity generation and power grid coverage. The countries located on latitude +-35 from the Ecuator are known as the sunbelt because they record the highest levels of solar radiation per year. The most important sunbelt countries are China, India, South Africa, Brazil and Mexico. The sunbelt is comprised of 148 countries. Source: EPIA 2.7.2 Projects So far, there are 37 MW of Solar PV installed capacity. Moreover, there are several projects under construction that will reach an additional installed capacity of 142 MW. Status Capacity (MW) Location SERVICE Interconnection contracts (small and medium scale) In operation 37.0 - Private Photovoltaic project (self-supply) In operation 3.8 Aguascalientes Private Pilot photovoltaic solar central , Santa Rosalia In operation 1.0 Baja California Sur Public Station/Licensee Total in operation 36.8 Photovoltaic projects (self-supply and small producer) Under constructio n 136.2 Aguascalientes Private Photovoltaic project Under constructi on 0.5 Durango Private 5.0 Baja California Public Under Pilot photovoltaic solar central, constructio Cerro Prieto Source: CFE / CRE / SENER/ Electronic n Media / 2012. Total 178.5 2.7.3 Solar Industry Manufacturing Companies Mexico is the main supplier of PV modules in Latin America, with an annual production capacity exceeding 312 MW (just above Brazil, Chile and Argentina). Company Production capacity (annual) Location Jabil 45 MW Chihuahua, Chihuahua Kyocera 150 MW Tijuana, Baja California Sanyo ERDM Solar Solartec 75 MW Monterrey, Nuevo Leon San Andres Tuxtla. Veracruz Irapuato, Guanajuato Total 30 MW 12.5 312.5 MW Source: Blomeberg New Energy Finance /Electronic Media. 3. Legal Framework Business Intelligence Unit 2013 3.1 Private Production The Law for the Use of RE and Funding of Energy Transition (Ley para el Aprovechamiento de Energías Renovables y Financiamiento de la Transición Energética or LAERFTE) establishes regulations for power generation from RE sources. Also, the Special Program for the Use of RE (Programa Especial para el Aprovechamiento de Energías Renovables) establishes actions and attainable goals on installed capacity and the country’s power generation, following the goals established by the National Development Plan (Plan Nacional de Desarrollo), the National Energy Regulation in RENational Infrastructure Program (Programa Program (Programa Nacional de Energía) and the • Reform to the Law for the Public Power Nacional de Infraestructura). 1992 Service (Ley del Servicio Público de Energía Eléctrica or LSPEE) 1993 • Publication of the Regulations of the LSPEE 1995 •Approval of the Law of the Energy Regulating Commission (Ley de la Comisión Reguladora de Energía or CRE) 2006 • Interconnection contract for RE sources (capacity credit) 2007 • Interconnection contract for small scale solar energy sources 2008 • The Law for the Use of RE and Funding of Energy Transition (Ley para el Aprovechamiento de las Energías Renovables y el Financiamiento de la Transición Energética or LAERFTE) 2009 • LAERFTE Regulations Source: CRE. 3.1 Private Production In December 1992, the Law for the Public Power Service (Ley del Servicio Público de Energía Eléctrica or LSPEE) was amended to allow private sector to take part in power generation under the following schemes: Self-supply, Co-generation, Independent power producer, Small power producer, Import and Export. Private power producers (Large escale) Scheme Installed capacity (MW) Self-supply >0.5 MW Description >0.5 MW It is power generation used for selfconsumption. It is the use of residual thermal power from production processes for power generation. Independent power producer >30 MW Power generation exclusively to be sold to CFE. Small power producer Sale: >0.5 MW and <30 MW Rural electrification: >0.5 MW and <1 MW Export: >0.5 MW and <30 MW It is the power generation to be sold to CFE, rural electrification and export. >0.5 MW It is related to power trade with other countries. The power trade is only possible through cogeneration, independent production and small production contracts. Co-generation Import and export Source: SENER. 3.1 Private Production Private sector participation in power generation The national Electricity System has an installed capacity in operation around of 63,195 MW, which 62.3% (39,363 MW) is owned by the CFE, while the rest is operated by the private sector (23,799 MW). Permits for power generation (30,214.7 MW) Permits for power generation Permisos por estado del proyecto In operation Under construction To begin operations Inactives Total Source: CRE, 2012. Permits MW 587 23,798.7 71 4,300.6 18 1,952.7 9 670 162.8 30,214.7 8.7% 0.8% 0.9% 13.6% 46.8% 29.2% Source: CRE, 2012. 3.1 Private Production Private sector participation in renewable power generation The CRE has issued 157 permits to date for renewable power generation, totaling 5,011.7 MW (16.6% of total authorized capacity by the licensees) of installed capacity, which 40% is already in operation and the rest is projected to be in operation in the next three years. Permits for renewable power generation (5,011.7 MW) Permits for renewable power generation Power generation schemes Permits MW Self- sufficiency Independent producer Small producer Co-generation Export Total 103 5 14 34 1 157 3,671.8 510.9 243.4 429.7 156.00 5,011.7 Source: CRE, 2012. Share of installed capacity 65.6% 3.2% 8.9% 21.7% 0.6 100% Hydro 9.3% Solar 2.8% Biomass 14.8% Wind 73.1% Source: CRE, 2012. 3.2 Incentives Business Intelligence Unit 2013 3.2 Incentives Interconnection agreements The interconnection agreements allow the independent producers and small producers to sell their electricity to the CFE through a Power Purchase Agreement (PPA). Because the renewable power generation is not cotinuous, under de self-sufficiency scheme the producer can accumulate energy surpluses in the “energy bank” of CFE up to a maximum period of 12 months to be used or sold to a 85% of the Total Cost in the Short Term (CTCP, Costo Total de Corto Plazo). Interconnection agreement Base load Mean load Peak Station capacity Power generation Power energy demand Energy surplus Source: CRE. Lack of energy 3.2 Incentives incentives for power generation Energy bank Enables producers to accumulate energy surpluses under the self-sufficiency contracts to be used in the future or to be sold to the CFE at the end of the year. Preferential rate for energy transmission Transmission service fee for RE or efficient co-generation of $0.14 pesos/kWh, instead of $0.30- 0.40 pesos/kWh, which is the transmission fee charged for power from traditional sources. Fiscal incentives Accelerated depreciation on fixed assets Allows depreciation of 100% of investments in equipment and machinery to generate energy from renewable sources. Zero tariff: Exempts antipollution equipment and its parts from general importation or exportation tax. Covers machinery, equipment, instruments, materials, animals, plants and other items used in technology research and development. 3.2 Incentives Funds Fund for Energy Transition and the Sustainable Use of Energy (Fondo para la Transición Energética y el Aprovechamiento Sustentable de la Energía) Its goal is to support the country’s energy sector through projects, programs and actions that promote the development of RE and energy efficiency to reduce the increase in GHG emissions. SENER-Conacyt Sectoral Energy Sustainability Fund (Fondo Sectorial de Sustentabilidad Energética SENER-Conacyt) Supports applied scientific research and technology development to promote RE sources and energy efficiency. 3.2 Incentives Programs Integral Energy Services (Servicios Integrales de Energía or SIE) for Small Rural Communities in Mexico Rural infrastructure project designed to provide power from renewable sources to communities that are isolated from the SEN. The goal of the program is to benefit 50,000 homes (approximately 250,000 inhabitants) in a five year operation period. The first stage is been developed in the states of Chiapas, Guerrero, Oaxaca and Veracruz. Program to Promote the Use of Solar Water Heaters in Mexico 2007-2012 (Programa para la Promoción de Calentadores Solares de Agua en México 2007- 2012 or PROCALSOL) Credits This program supports energy savings in water heating in residential, business, industrial and agricultural areas. The goal is to install 1,800,000 square meters of new solar (Nacional water heaters by 2012. NAFINSA Financiera) NAFINSA is a Mexican development bank that supports RE projects using international organizations funds. The funding takes place through capital issuance and debt placement for projects that are under construction or operating. 3.2 Incentives CREDITS BANOBRAS (Banco Nacional de Obras y Servicios Públicos, S.N.C.) Banobras works with public and private sector through financing of the infrastructure and public service projects of local governments, supporting financial and institutional schemes to provide stability, whilst also promoting investment in , and financing of, private sector projects. FIRCO (Fideicomiso de Riesgo Compartido) FIRCO provides founding for the installation of renewable energy and energy efficiency technologies in agribusiness of rural areas. BANCOMEXT (Banco Nacional de Comercio Exterior) Financing of sustainable projects: (Renewable Energy Generation, environmental Protection and Improvement and Clean Development Mechanisms). FIDE (Fideicomiso para el Ahorro de Energía Eléctrica) Funding for the installation of renewable energy equipment and cogeneration systems up to 500 kW. 3.3 Associations and research centers Business Intelligence Unit 2013 3.2 Associations and research centers Associations Center for Renewable Energy Studies Centro de Estudios de las Energías Renovables (CEENER) Advanced Materials Research Center Center for Research and Advanced Studies, IPN. Centro de Investigación y de Estudios Avanzados, IPN. Mexican Center for Renewable Energy Centro Mexicano de Energías Renovables Electrical Research Institute Energy Research Center, UNAM Centro de Investigación en Energía UNAM Center for Research and Technology in Production of Biodiesel Centro de Investigación y Tecnología en Producción de Biodiesel 3.4 Procedures Business Intelligence Unit 2013 3.4 Procedures to build and operate a power station renewable Photovoltaic, wind, hydro and biomass projects with a capacity > 0.5 MW Incorporation of companies Environmental and natural resource use - Company’s Article of Incorporation - National Foreign Investment Registry´s Certificate - Authorization for the incorporation of companies - Tax-payers’ registry - Power generation - Interconnection feasibility and portage study - Authorization for power generation Backup service - Interconnection agreement - Power Purchase Agreement (PPA) - Transmission agreement Environmental impact statement Local paperwork - Operating license - Use of land license - Feasibility study of water service, sewerage and wastewater treatment - Feasibility study of electricity service - Approval of the civil protection unit - Feasibility study of the activity of the company - Building license - Public registry of property and commerce Report of activities - Statistical report of power generation Thank you Business Intelligence Unit Camino a Santa Teresa No. 1679 Col. Jardines del Pedregal Del. Álvaro Obregón CP 01900, México, D.F. Tel.: +52 (55) 5447-7000