development of wind power in austria importance of regional initiatives and financing models

24
www.igwindkraft.at Development of Wind Power in Austria Importance of Regional Initiatives and Financing Models Stefan Hantsch Dr. Ursula Nährer www.igwindkraft.at

Upload: merle

Post on 05-Jan-2016

26 views

Category:

Documents


0 download

DESCRIPTION

Development of Wind Power in Austria Importance of Regional Initiatives and Financing Models Stefan Hantsch Dr. Ursula Nährer. www.igwindkraft.at. IG Windkraft –Austrian Wind Energy Association. founded in 1993 1500 members all important manufacturers and operators boardmember of - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Development of Wind Power in AustriaImportance of Regional Initiatives and Financing Models

Stefan HantschDr. Ursula Nährer

www.igwindkraft.at

Page 2: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

IG Windkraft –Austrian Wind Energy Association

founded in 1993 1500 members all important manufacturers

and operators boardmember of

EWEA and EREF

www.igwindkraft.at

Page 3: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Windpower in Europe

Quelle: EWEA

End of 2005: 40,500 MW installed 83 billion kWh annual rate of growth

since 1995: 32%

Page 4: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

new capacity in Europe: Wind is N°2 since 2000

Quelle: EWEA

Natural Gas

Nuclear

Windpower

Coal

Fuel oilLarge Hydro

Page 5: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Casestudy Austria

Experts Opinion:No chance for Wind in Austria

small landlocked country 8 Mio. inhabitants

84.000 km² (1% of Brazil)

Experts until the 1990s:“There is no wind in Austria”

Three institutions measured

wind for more than 100 years

www.igwindkraft.at

Page 6: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Wind Power in Austria

Today:

1.000 MW Wind

N°15 in the world

There is wind!

How could this happen?

Page 7: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Background

High level of consciousness regarding energy

Tradition of producing and using own energy (wood for heating in rural areas)

Important events: energy crises in 70th and 80th referendum 1978 rejected an

already built nuclear power plant

www.igwindkraft.at

Page 8: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Solar-Waterheating Do-It-Yourself Initiatives

1985 two men constructed very simple collectors that worked

Do-It-Yourself groups spread over large parts of the country

Today number 3 in the World

m²/capita Solar industry has 40% market share in Europe

The process enforced other initiatives

www.igwindkraft.at

Page 9: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Regional Wind Power Initiatives

Such a group constructed their own wind measurement equipment and found sites as windy as at the coast

(Remember the experts)

Promoted the idea of searching windy sites with simple wind measuring systems

www.igwindkraft.at

Page 10: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Participation of local Population

New Players Problem: lack of equity capital

Solution: Idea of broad (financial) involvement of local population

Local population becomes co-owner of power plants

Page 11: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Typical Procedure – Example „Windkraft Simonsfeld“

An electrician of a very small town was interested in wind power (1995).

Successful measurements: these people set up a limited company

To raise equity capital set up a corpnership -> Limited Partnership

Limited Partnership

CorpnershipPrivate limited

Company

In 1998 first 2 turbines Investment volume of 1.6 mio.$Equity capital:150,000 $ from 123 people

he convinced opinion leaders information evening events

Today: 850 People 85 MWEquity capital of 21 mio. $ raised,total investment of 110 mio. $

Together with 20 friends he raised 9,000 $ for wind measurement

Page 12: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Around 40% of installed wind power are made by participation projects(30% other private investors; 30% utilities)

Investment volume of 650 mio.$,equity capital sum of 125 mio. $

Chance for small companies to keep the pace with utilities or other big investors

Economic Impact

Page 13: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Of utmost importance were efforts of private individuals or small groups

These were the driving forces in the process

Conclusions

Denmark:Early 20th centuryElectrification started with 300decentralized Wind-Diesel-systems

Austria:In the 1980th

Solar Heating

AustriaIn the 1990th

Windpower

Denmark:In the 1970th

Modern wind industry started in the workshop of a carpenter

Page 14: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Most successful approaches were practical and sort of grassroots-developments.

A fecund soil and a local technical capacity for new ideas existed

The involvement of the local population was positive for a good acceptance of the new technologies.

Conclusions

Don’t trust experts too much!

Page 15: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Find or create structures that are of use for motivated people, support and encourage them.

To fight poverty it will not be enough to let the field only to big investors, but to give the population a share of their energy supply.

Financial involvement of the local population was successful in Austria, but there people have money

In regions with poorer population it might be an idea to get a pre-financing and the created new companies earn (a part of) the money back.

Sociological Considerations

Page 16: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

European experience shows: feed-in tariffs are more effective and efficient

What is important for (independent) investors:Long term investment security

Feed in Tariffs (fixed price for the produced electricity)Purchase obligationGuaranteed and regulated grid access

Necessary because of the unbalanced situation of grid operators and independent power producers

Legal Considerations

Page 17: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Information starts not at University Level

www.igwindkraft.at

“Wild Wind” : pupils-project: more than 10,000 pupils visited each year

Page 18: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.atwww.igwindkraft.at

Thank you againfor the possibility to visit your wonderful continent!

More information:www.igwindkraft.atwww.windpower.orgwww.ewea.org

Page 19: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Why does the EU support Renewable Energy Sources (RES)?

dependency - price risk – costs - CO2

www.igwindkraft.at

->EU Renewable Energy Sources Directive 2002increase the share of electricity from RES

from 13 to 20% until 2010

Page 20: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Tendering SystemsGreen certificates

Feed in Tariffs (REFIT) The producer of green electricity gets a fixed

price for the produced electricity for a period of several years (10-20 years)

Purchase obligation: the power is purchased by grid operators or any other institution and then proportionately distributed to power distributors

Guaranteed and regulated grid-access -> Level playing field

Types of support mechanisms

Page 21: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Prices paid for Wind in Europe

EU Komm Report 2005 S.45

www.igwindkraft.at

Page 22: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

Windpower in Europe

Quelle: EWEA

Total End 2005: 40,500 MW

Page 23: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

European experience shows: feed-in tariffs have proven to be more effective and efficient:

What is important for investors:Long term investment security

Feed in TariffsPurchase obligationGuaranteed Regulated grid access

(necessary because of the unbalanced situation)

A stable framework provides lower risk and therefore allows cheaper production costs

Conclusion support mechanisms

Page 24: Development of Wind Power  in  Austria Importance of Regional Initiatives  and Financing Models

www.igwindkraft.at

(Independend) Operators of RES need security:

Feed in Tariffs Purchase obligation Guaranteed and regulated grid access

Legal Considerations