EU GCC CLEAN ENERGY NETWORK II · 2018. 12. 4. · SOLAR PV ONSHORE WIND Location: Bidder: Signed:...
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Transcript of EU GCC CLEAN ENERGY NETWORK II · 2018. 12. 4. · SOLAR PV ONSHORE WIND Location: Bidder: Signed:...
EU GCC CLEAN ENERGY NETWORK IIJoin us: www.eugcc-cleanergy.net Contact us: [email protected]
Content
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1. Changing Energy Paradigm
2. Energy in the GCC
3. The New Oil
Changing Energy Paradigm
Cost of energy
ONSHORE WINDSOLAR PV
Location:
Bidder:
Signed:
Construction:
Price:
Morocco
Enel Green Power
January 2016
2018
US$ 3.0 c/kWh
Location:
Bidder:
Signed:
Construction:
Price:
Dubai
Masdar Consortium
May 2016
2019
US$ 2.99 c/kWh
Source: Bloomberg New Energy Finance; ImagesSiemens; Wikimedia Commons
2016 unsubsidised clean energy world records
OFFSHORE WINDCSP
Location:
Bidder:
Signed:
Construction:
Price:
German North Sea
Dong
April 2017
2021-2025
US$ 5.2 c/kWh
Location:
Bidder:
Signed:
Construction:
Price:
Dubai
Acwa Power
September 2017
2020
US$ 7.3 c/kWh
Source: Bloomberg New Energy Finance; ImagesSiemens; Wikimedia Commons
2017 unsubsidised clean energy world records
ONSHORE WINDSOLAR PV
Location:
Report:
Signed:
Construction:
Price:
USA average
NREL
Average 2017
2018
<US$ 2.0 c/kWh
Location:
Bidder:
Signed:
Construction:
Price:
Dubai
Acwa Power Consortium
Nov 2018
2020
US$ 2.4 c/kWh
Source: Bloomberg New Energy Finance; ImagesSiemens; Wikimedia Commons
2018 unsubsidised clean energy world records
Shell Sky Scenario
• “From now to 2070, the rate of electrification of final energy more than triples, with global electricity generation reaching a level nearly five times today’s level”
• “Hydrogen grows as an energy carrier from 2040 in Sky, with 800 million tonnes per year global capacity by 2070 – more than double the current global LPG market.”
Decarbonization
Power to Gas: Electrolyser
Hydrogen, what’s new?
1. Renewable energy revolution and increasing electrification
2. Several major scenarios (Shell, BP, Hydrogen Council) feature hydrogen
3. New hydrogen ambitions in Korea, Japan, the Netherlands, South Australia, Europe etc.
4. New fuel cell vehicles by Toyota, Honda, Hyundai
Energy in the GCC
GCC electricity mix (2015)
Electricity Demand [TWH] OVERALL Oil Gas
Bahrain 28 28Kuwait 58 37 21Oman 30 1 29Qatar 39 39Saudi Arabia 313 138 175UAE 118 118
GCC 586 176 41130% 70%
PV (and CSP) already competitive with new gas
LCOE ($/MWh nominal)
300
250
200
150
100
50
0 2 4 6 8 10 12 14 16 18 20
Price of gas ($/mmbtu)
Solar
KSAdomestic gas price(2017)
US HH(March 2018)
Global LNG prices (2018)
Open Cycle
Gas Turbine
Combined Cycle
Gas Turbine
Source: BNEF
Saudi Arabia’s 200GW plan
The New Oil
Largest single solar site in the world:
projected to be 5 GW by 2030
• Phase I: solar PV 13 MW
• Phase II: solar PV 200 MW
• Phase III: solar PV 800 MW
• Phase IV: CSP 700 MW
Maktoum Solar Park Dubai
Largest CSP project in the world
• 700MW CSP (+250MW PV) 15 hours storage
• $3.9 billion investment
• Central Tower 100 MW
• Parabolic Troughs 3x200 MW
• Auxiliary solar PV 4x33 MW
• Tariff 7.3 ct/kWh
• PPA 35 years
• Dispatch: between 4pm and 10am
Maktoum Solar Park Dubai, Phase IV
0
20
40
60
80
100
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Hybrid PV-CSP dispatch profile
PV CSP Combined
Hybrid PV-CSP
At scale, 24/7 solar in the Gulf could cost as little as 3$ct/kWh
Green hydrogen would cost $2/kg
Green Hydrogen Roadmap - GCC
1. Introduce green hydrogen for use in the domestic transport sector
2. Introduce green hydrogen in the power and ammonia sector
3. Introduce green hydrogen for export markets
Green Hydrogen Roadmap - GCC
1. Introduce green hydrogen in the ammonia sector
2. Introduce green hydrogen for use in the domestic power and transport sector
3. Introduce green hydrogen for export markets
1. Green Ammonia
• Fertilizers:
• SAFCO IV, Saudi Arabia
– 1.1 million ton of ammonia/year
– 190,000 ton of hydrogen
• Green hydrogen, required:
– 1.3 GW of solar PV
– 1.3 GW of CSP
2. Domestic hydrogen pathways
3. Export
3. Export
Thank You
