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CSP Global MARKETS. Presenting : Belén Gallego CSP Today. www.csptoday.com. World CSP projects by status. Plants in operation and construction. Global CSP Pipeline by Status ( August 2013) .
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CSP Global MARKETS Presenting : BelénGallego CSP Today www.csptoday.com
Global CSP Pipeline by Status (August 2013)
Established Markets: USA (2006 - 2013) • Policy Mechanisms • PowerPurchase Agreement (PPA) based • Renewable Portfolio Standards (RPS) (State by State) • Investment Tax Credits (ITC) • Loan Guarantee (on hold) • Result • High innovation • Huge scales • High uncertainty • High Risk/ High reward environment • Strong pipeline – but slow movement (particularly administrative) • Finance is key for future developments
Established Markets: Spain (2006 - 2013) • Policy Mechanisms • Feed-In Tariff by the government • Regulation: • Gold-mine Rush (2007 onwards) • Mitigation • Retroactive “adjustments” • Head on damage • Result • No innovation – Copy Paste • Unstable market – high uncertainty • Little “perceived” risk BUT high “real” risk • Small scales • No financial security in the market • Limited International Competitiveness*
New markets: India • Policy Mechanisms • Feed in Tariff changed over to Competitive Government Bid • State Competitive Bids • Innovation-lead Bids • Multi-lateral financial institutions involvement (ADB) • High localization requirement • Result • Cost Reduction in a never-seen before scale • Growing local suppliers • Unfinished Projects • Local players experience, ready for the next phase • Finance is key for future developments
New markets : MENA • Policy Mechanisms • Fragmented market • Government bids or PPA lead (No tariffs) • Multi-lateral financial institutions involvement (World Bank, IFC) • Result • High localization • Various scales/ Levels of Innovation • High uncertainty • Complicated financial arrangements – slow moving • Game Changers: Saudi will reshape the look and feel of the CSP industry
THANK YOU for your attention Questions? email me! Belén Gallego belen@csptoday.com Tel: +44 2073757 555