Green economic growth became slogan of thousands public and private activities, nevertheless there are arguments for switching to low-carbon, high-efficiency energy systems disregard enormous investment cost. Innovative energy technologies are able to reduce carbone emissions in aim to limit or avoid climate change directs the public debate. However renewable energy source reduced dependence on imported energy, suspension of conflicts over energy resources, and the increasing price of fossil fuels also are motivate actions. Nonetheless, the potential price and difficulty of doing the transition to a new energy system have brought forted essential opposition from fortified economic interests and consumers equally. In this paper we investigate whether and how photovoltaic power plants as case of renewable energy growing market as Bulgaria do, could become an economic occasion rather than a precious burden. Could a photovoltaic energy capacity induce net economic growth rather than social pay off burden? Analyzing foreign (Korean) direct investment as photovoltaic power plant case study as example of some successful or unsuccessful practices of rapidly growing domestic renewable market. Our aim is this paper to be useful to public or private energy communities in supporting them with professional renewable domestic market anatomy.
The Scope for Energy Saving in the EU through the Use of Energy-Efficient Dis...
Highlights:
* Distribution transformers represent an important focus for energy efficiency initiatives.
* They are a worthwhile area for R&D, demonstration and promotional effort.
* The potential for reducing losses from distribution transformers affects strategies on energy efficiency and global warming.
* An action plan should be developed to achieve these goals.
* The strategy should be carefully co-ordinated, technically sound, and involve partners from all the supply chain.
This document discusses solar feed-in tariffs and renewable portfolio standards in Germany and California. It explains that feed-in tariffs set a fixed price that solar producers are paid for electricity, while renewable portfolio standards set renewable energy production quotas and let market prices be determined. Germany pioneered feed-in tariffs in 1991 and California established a renewable portfolio standard in 2002, requiring 20% renewable energy by 2017. Both policies have effectively increased solar power adoption.
Hungary relies on renewable energy for around 10% of its total installed electricity capacity. However, only a small portion of Hungary's renewable energy potential has been utilized so far. As old fossil fuel power plants close, it is important to develop more of Hungary's renewable resources, as demand for electricity is increasing and an additional 6,000-8,000 MW of capacity will be needed by 2020. Hungary uses feed-in tariffs to promote renewable energy development, with rates that vary based on technology, installation date, and time of electricity delivery.
Croatia has significant potential for solar power but limits capacity additions. It aims to source 20% of energy from renewables by 2020 through policies like feed-in tariffs. Eligible renewable generators receive payments for 14 years by contracting with the national grid operator.
The document discusses Jordan's national energy efficiency action plan. It shows that in 2009, the residential sector accounted for 41% of electrical energy consumption while industry accounted for 25%. The document outlines Jordan's current energy efficiency activities and laws around conservation. These include audits, standards, and a 2010 renewable energy and energy efficiency law that requires the development of an energy efficiency roadmap and action plan to promote conservation across sectors.
Latvian electricity producers must apply to the Ministry of Economy for permission to produce electricity. Wind, biomass, and solar projects compete in tenders for capacity targets, while hydro projects apply directly. Successful bidders receive 20-year feed-in tariffs set by the government. Regulation 262 defines tariff calculation methods. The government sets annual output caps. The feed-in tariff dramatically grew wind power capacity but was suspended until 2016 due to oversubscription. Other incentives like tax exemptions still promote renewable investment.
Lithuania has significant technical potential for renewable energy, especially biomass and wind. Renewable energy projects under 10kW receive feed-in tariffs for 12 years, while larger projects must participate in quarterly tenders. The feed-in tariff led to rapid growth of wind power capacity. Lithuania aims to source 25% of final energy from renewables by 2020 through various support policies and incentive schemes.
Slovenia has significant potential for renewable energy, particularly solar power, but currently obtains only 10% of its electricity from renewable sources. The government promotes renewable energy through a feed-in tariff program. Eligible technologies include wind, solar, geothermal, biogas, biomass and hydropower plants up to 5MW capacity. Larger plants from 10-125MW can receive a premium added to the market price to incentivize production from renewables. Slovenia aims to increase renewable energy's share of total energy consumption to 25% by 2020 in accordance with EU directives.
Azerbaijan has significant potential for renewable energy from wind and solar sources, but currently utilizes only 0.07% of its technical renewable potential, relying mainly on small hydropower. While feed-in tariffs exist for wind and small hydropower, investment has been limited due to the low tariffs and monopolistic electricity market dominated by the state-owned utility. However, Azerbaijan aims to privatize the energy sector and create incentives for private investment through its Poverty Reduction and Sustainable Development program.
Turkey faces increasing electricity demand and energy insecurity due to lack of domestic fossil fuel reserves. Renewable energy production has grown significantly in recent years through wind, solar and hydropower projects. The government aims to reach 30% renewable energy by 2023 through feed-in tariffs of up to $110/MWh for wind and $96/MWh for hydropower, as well as targets of 20,000 MW of wind and 3,000 MW of solar installed capacity. Renewable projects up to 500 kW are exempt from certificate requirements, while other permits like from water authorities may still be needed.
The document discusses a Euro-Mediterranean project to integrate regional energy markets and promote national plans for energy efficiency. It focuses on presenting budget allocation charts for different countries, including Egypt. The charts compare the costs of conventional energy to various renewable energy and energy efficiency technologies to help decision-makers determine the most cost-effective investment options. Methodologies are described for selecting relevant technologies and measuring their potential energy savings and generation for each country. Preliminary outputs were generated but more data is still needed, particularly for energy efficiency measures.
This document presents a 48 MW photovoltaic plant project in Romania and seeks potential investors. It outlines the project's specifics including its location, land rights secured for 30 years, connection to the power grid, use of premium solar panels and inverters, and strong solar resource of the area. Financial projections estimate revenues of EUR _ per year, a total investment of EUR _, and investment payback within _ years, with financial indicators including an IRR of _% and NPV of EUR _. The project benefits from Romania's incentives for renewable energy through a feed-in tariff and tradeable green certificates. Permits are expected to be obtained by April-May 2012.
3 borko raicevic en c sustainable energy, december 2013
The document discusses promotion of sustainable energy in the Energy Community. It summarizes the Energy Community Treaty signed in 2005 to extend the EU internal energy market to Southeast Europe. The treaty binds contracting parties to apply relevant EU energy acquis, including promoting renewable energy, energy efficiency, and investments. It establishes common legal frameworks for electricity, gas, environment and aims to create a single regulatory space. The document outlines renewable energy and energy efficiency directives adopted by the Energy Community, as well as activities to support their implementation and progress reports. It identifies barriers to sustainable energy in contracting parties and highlights the need for regional cooperation to boost renewable deployment and energy efficiency.
Although renewable energy accounts for almost 10% of Poland's installed capacity, much wind potential remains untapped. Poland's wind capacity increased 37.1% in 2012. Renewables are promoted through a quota system requiring electricity suppliers to meet renewable energy certificates that increase annually. The quota was set to reach 20% by 2021 but a new law is expected to introduce auction-based support in 2015.
14 undp turkey ee presentation katalin_zaim 09 dec 2013
This document summarizes a presentation given by Dr. Katalin Zaim at a Power Summit in Turkey in 2013. The presentation outlines Turkey's renewable energy and energy efficiency targets for 2023, including increasing renewable energy generation to 30% and specific targets for wind, hydro, and solar power. It also summarizes several UNDP Turkey energy efficiency projects focused on industry, buildings, and appliances that aim to reduce energy consumption and greenhouse gas emissions. Key activities and achievements of the projects are highlighted.
The document discusses opportunities and obstacles for foreign investment in Vietnam's energy sector. It notes that Vietnam will need to increase investment in renewable energy like solar and wind due to depleted fossil fuel reserves. Foreign investors can develop both small renewable projects under 30MW as well as larger ones. However, obstacles include the electricity authority's ability to renegotiate power prices and the lack of a fully competitive retail electricity market. The document recommends foreign investors thoroughly understand Vietnamese energy law before developing projects.
The document summarizes the activities of the Czech RE Agency, a non-governmental organization that supports renewable energy development in the Czech Republic. The agency is involved in projects related to research and development, promotion, education and training on renewable energy sources such as photovoltaics. It also creates maps and databases to track renewable energy installations across the country and analyzes legislation and incentives to further renewable energy adoption.
The document discusses issues with the functioning of electricity and gas markets in the EU and proposes solutions. Specifically:
- Electricity and gas prices in the EU are not internationally competitive due to non-functioning markets dominated by a few powerful players.
- Major reforms are urgently needed, including better unbundling of grid operators from energy companies, monitoring of anti-competitive practices, and transitional measures to support energy-intensive industries until markets are reformed.
- A third legislative package is proposed to strengthen regulations and promote truly competitive markets that deliver secure, affordable energy supplies for EU industries.
The document presents budget allocation charts for energy efficiency and renewable energy technologies in Morocco. It summarizes the country's energy situation, key technologies for efficiency and renewables, and the methodology used to create budget allocation charts. The charts show the additional energy savings and costs of various technologies, helping policymakers identify the most effective options to maximize energy savings or minimize costs. Specifically, the charts indicate technologies with the highest savings and most cost-effective options to guide policy decisions.
The Scope for Energy Saving in the EU through the Use of Energy-Efficient Dis...Leonardo ENERGY
Highlights:
* Distribution transformers represent an important focus for energy efficiency initiatives.
* They are a worthwhile area for R&D, demonstration and promotional effort.
* The potential for reducing losses from distribution transformers affects strategies on energy efficiency and global warming.
* An action plan should be developed to achieve these goals.
* The strategy should be carefully co-ordinated, technically sound, and involve partners from all the supply chain.
This document discusses solar feed-in tariffs and renewable portfolio standards in Germany and California. It explains that feed-in tariffs set a fixed price that solar producers are paid for electricity, while renewable portfolio standards set renewable energy production quotas and let market prices be determined. Germany pioneered feed-in tariffs in 1991 and California established a renewable portfolio standard in 2002, requiring 20% renewable energy by 2017. Both policies have effectively increased solar power adoption.
Hungary relies on renewable energy for around 10% of its total installed electricity capacity. However, only a small portion of Hungary's renewable energy potential has been utilized so far. As old fossil fuel power plants close, it is important to develop more of Hungary's renewable resources, as demand for electricity is increasing and an additional 6,000-8,000 MW of capacity will be needed by 2020. Hungary uses feed-in tariffs to promote renewable energy development, with rates that vary based on technology, installation date, and time of electricity delivery.
Croatia has significant potential for solar power but limits capacity additions. It aims to source 20% of energy from renewables by 2020 through policies like feed-in tariffs. Eligible renewable generators receive payments for 14 years by contracting with the national grid operator.
The document discusses Jordan's national energy efficiency action plan. It shows that in 2009, the residential sector accounted for 41% of electrical energy consumption while industry accounted for 25%. The document outlines Jordan's current energy efficiency activities and laws around conservation. These include audits, standards, and a 2010 renewable energy and energy efficiency law that requires the development of an energy efficiency roadmap and action plan to promote conservation across sectors.
Latvian electricity producers must apply to the Ministry of Economy for permission to produce electricity. Wind, biomass, and solar projects compete in tenders for capacity targets, while hydro projects apply directly. Successful bidders receive 20-year feed-in tariffs set by the government. Regulation 262 defines tariff calculation methods. The government sets annual output caps. The feed-in tariff dramatically grew wind power capacity but was suspended until 2016 due to oversubscription. Other incentives like tax exemptions still promote renewable investment.
Lithuania has significant technical potential for renewable energy, especially biomass and wind. Renewable energy projects under 10kW receive feed-in tariffs for 12 years, while larger projects must participate in quarterly tenders. The feed-in tariff led to rapid growth of wind power capacity. Lithuania aims to source 25% of final energy from renewables by 2020 through various support policies and incentive schemes.
Slovenia has significant potential for renewable energy, particularly solar power, but currently obtains only 10% of its electricity from renewable sources. The government promotes renewable energy through a feed-in tariff program. Eligible technologies include wind, solar, geothermal, biogas, biomass and hydropower plants up to 5MW capacity. Larger plants from 10-125MW can receive a premium added to the market price to incentivize production from renewables. Slovenia aims to increase renewable energy's share of total energy consumption to 25% by 2020 in accordance with EU directives.
Azerbaijan has significant potential for renewable energy from wind and solar sources, but currently utilizes only 0.07% of its technical renewable potential, relying mainly on small hydropower. While feed-in tariffs exist for wind and small hydropower, investment has been limited due to the low tariffs and monopolistic electricity market dominated by the state-owned utility. However, Azerbaijan aims to privatize the energy sector and create incentives for private investment through its Poverty Reduction and Sustainable Development program.
Turkey faces increasing electricity demand and energy insecurity due to lack of domestic fossil fuel reserves. Renewable energy production has grown significantly in recent years through wind, solar and hydropower projects. The government aims to reach 30% renewable energy by 2023 through feed-in tariffs of up to $110/MWh for wind and $96/MWh for hydropower, as well as targets of 20,000 MW of wind and 3,000 MW of solar installed capacity. Renewable projects up to 500 kW are exempt from certificate requirements, while other permits like from water authorities may still be needed.
The document discusses a Euro-Mediterranean project to integrate regional energy markets and promote national plans for energy efficiency. It focuses on presenting budget allocation charts for different countries, including Egypt. The charts compare the costs of conventional energy to various renewable energy and energy efficiency technologies to help decision-makers determine the most cost-effective investment options. Methodologies are described for selecting relevant technologies and measuring their potential energy savings and generation for each country. Preliminary outputs were generated but more data is still needed, particularly for energy efficiency measures.
This document presents a 48 MW photovoltaic plant project in Romania and seeks potential investors. It outlines the project's specifics including its location, land rights secured for 30 years, connection to the power grid, use of premium solar panels and inverters, and strong solar resource of the area. Financial projections estimate revenues of EUR _ per year, a total investment of EUR _, and investment payback within _ years, with financial indicators including an IRR of _% and NPV of EUR _. The project benefits from Romania's incentives for renewable energy through a feed-in tariff and tradeable green certificates. Permits are expected to be obtained by April-May 2012.
3 borko raicevic en c sustainable energy, december 2013UNDPhr
The document discusses promotion of sustainable energy in the Energy Community. It summarizes the Energy Community Treaty signed in 2005 to extend the EU internal energy market to Southeast Europe. The treaty binds contracting parties to apply relevant EU energy acquis, including promoting renewable energy, energy efficiency, and investments. It establishes common legal frameworks for electricity, gas, environment and aims to create a single regulatory space. The document outlines renewable energy and energy efficiency directives adopted by the Energy Community, as well as activities to support their implementation and progress reports. It identifies barriers to sustainable energy in contracting parties and highlights the need for regional cooperation to boost renewable deployment and energy efficiency.
Although renewable energy accounts for almost 10% of Poland's installed capacity, much wind potential remains untapped. Poland's wind capacity increased 37.1% in 2012. Renewables are promoted through a quota system requiring electricity suppliers to meet renewable energy certificates that increase annually. The quota was set to reach 20% by 2021 but a new law is expected to introduce auction-based support in 2015.
14 undp turkey ee presentation katalin_zaim 09 dec 2013UNDPhr
This document summarizes a presentation given by Dr. Katalin Zaim at a Power Summit in Turkey in 2013. The presentation outlines Turkey's renewable energy and energy efficiency targets for 2023, including increasing renewable energy generation to 30% and specific targets for wind, hydro, and solar power. It also summarizes several UNDP Turkey energy efficiency projects focused on industry, buildings, and appliances that aim to reduce energy consumption and greenhouse gas emissions. Key activities and achievements of the projects are highlighted.
The document discusses opportunities and obstacles for foreign investment in Vietnam's energy sector. It notes that Vietnam will need to increase investment in renewable energy like solar and wind due to depleted fossil fuel reserves. Foreign investors can develop both small renewable projects under 30MW as well as larger ones. However, obstacles include the electricity authority's ability to renegotiate power prices and the lack of a fully competitive retail electricity market. The document recommends foreign investors thoroughly understand Vietnamese energy law before developing projects.
This document discusses a proposed sunscreen product designed to protect vulnerable groups like the elderly and children from solar radiation. The product would be flexible, portable, and foldable to provide a protective barrier between users and ultraviolet rays. It is intended for active seniors aged 65-75 living in certain Santiago neighborhoods and would have an organic, smooth design in neutral colors. The sunscreen could be suspended alone and would be useful for outdoor activities in spring and summer like walking in parks.
This document presents a conceptual product proposal for an inflatable sunshade. The proposed product is a portable, inflatable structure made of PVC that provides protection from UV radiation for elderly users aged 65-75. It would be used in parks and outdoor spaces in the spring and summer. Renderings and diagrams show a rounded, tent-like structure that inflates using helium and can be adjusted in height and angle using a regulator. Materials, dimensions, and assembly details are provided.
Каталог мартеници 2013 - Мартеници на едро и дребно (Българско производство)Simeon Arnaudov
Електронна продажба на едро и дребно на мартеници собствено производство. Мартениците са произведени в духа на българската традиция с червени и бели конци. Някой модели мартеници разчупват традицията, като са украсени с дървени или пластмасови маниста.
Фирма Гюров и син СД следва собствена методика за качество, и гарантираме че мартениците притежават необходимото качество и биха издържали всекидневната употреба от момента на подаряване до закачането им на цъфнала клонка!
При поръчка на голями количества Ви гарантираме отстъпка от каталожната цена.
Важно е да подчертаеме, че посочените цени в каталога са само за пазаруване на дребно. При поръчка на мартеници моля да се свържете с нас на посочените контакти!
Solar Power Project (45 MW): Bulgarian Electricity Market Study Simeon Arnaudov
This document summarizes a research project on a proposed 45 MW solar power project in Bulgaria. It includes the following key points:
- The researcher is a PhD candidate studying the Bulgarian electricity market and potential for a private Korean investment in a 20+25 MW solar power plant project.
- The document provides background on Bulgaria's energy market structure, existing renewable energy capacity, and benchmarking of solar capacity in European countries.
- Details of the proposed solar power plant project are given, including location, technology, investment costs, and observations from the researcher on potential improvements.
- Areas for further research are identified such as evaluating successful and unsuccessful practices of past Korean renewable investments in Bulgaria and assessing implications of current
Este documento describe un dispensador de jugos refrigerado con 3 sabores diferentes (agua, banano y leche) que permite a los clientes comprar vasos de diferentes tamaños (5 y 10 onzas) de cualquiera de los jugos disponibles. El cliente primero selecciona el tamaño de vaso deseado y luego elige entre los 3 sabores de jugo para su compra.
Este documento describe los principales navegadores web, incluyendo sus funciones básicas y algunos ejemplos como Firefox, Internet Explorer, Netscape, Google Chrome, Opera y Safari. Explica que un navegador web permite acceder y visualizar páginas web e incluye información sobre el motor de renderizado y sistemas operativos compatibles de varios navegadores.
El documento describe una formación situada para estudiantes que incluye talleres de lectura, socialización metodológica y un plan de estudios. También presenta un cronograma de reuniones docentes para coordinar las actividades.
The document summarizes a World Bank assessment of Bulgaria's power sector following a crisis in January 2013. Key issues identified include:
1) Public distrust in energy companies and oversight due to perceived corruption.
2) An unsustainable cost structure driven by flat demand, poorly regulated renewables growth, and inefficient incentives.
3) Declining affordability as social assistance benefits have decreased by a third since 2003.
Comprehensive reforms are needed to improve governance, eliminate distortions, address financial liabilities, and increase social assistance to restore public confidence, financial viability, and affordability.
The document is COGEN Europe's response to the European Commission's Green Paper on energy policy. It supports the Green Paper's goal of establishing a sustainable and secure energy future for Europe. COGEN Europe argues that Europe should prioritize energy efficiency, cogeneration, and renewables. Specifically, it proposes that all new power investments be located on existing heat loads to facilitate cogeneration. COGEN Europe believes this integrated approach focusing on efficiency and decentralization will provide Europe with the cheapest and most sustainable energy system.
EU wishes to decrease its external energy dependency. The reason is that more control of our own energy usage enable more stable prices for you, me as well as for companies in EU. Three important measures to evaluate is Europe’s need to produce more of our own energy, buy energy clever from abroad and reduce our energy consumption to decrease our energy demand. In the centre of this paper a Control Price Mechanism is used that can help us achieve these goals.
This document discusses the Feed-In Tariff (FIT) system in the Philippines, which aims to promote renewable energy development through fiscal incentives for developers and investors. It provides context on the country's renewable energy sources and potential. It then explains how the FIT system works, including the collection of fees from electricity consumers. While the FIT aims to support renewable energy, there are concerns about the costs imposed on consumers and businesses. Alternatives to the cost pass-through are proposed, such as using existing energy funds instead of new consumer fees.
From Brussels to Paris and Beyond - ON Energy Report November '15MSL
MSLGROUP's latest edition of ON Energy Report looks at the evolving European Energy landscape in the context of the forthcoming jamboree that is COP21. With carbon reduction at the top of the agenda, we take a look at some of the challenges and opportunities that we face, and some of the communications needs that the industry has to grapple with.
For future updates, please contact Nick Bastin, Partner, CNC and Head of MSLGROUP’s EMEA Energy Practice at nick.bastin@cnc-communications.com.
Do share your queries/feedback with our team at @CNC_comms or reach out to us on twitter @msl_group.
In this Energy Flash we give an overview of the package and discuss the challenges ahead and the many controversies surrounding the Clean Energy Package.
Keeping The Lights On - MSLGROUP Energy Report January 2014MSL
Rising consumer prices, unrealistic renewable energy subsidies, crumbling financial models -- in this report, we share insights on the challenges facing the European power market and the role of communications in trying to re-establish trust and build empathy between producers and their customers.
At MSLGROUP, we represent a wide range of power companies across Europe, ranging from large scale utilities to small scale renewables; from nuclear to solar and all points in between. We are actively engaged in helping our clients communicate around these issues and relish the challenge! We hope that you enjoy this report and welcome your feedback.
So don’t hesitate to contact us with your thoughts.
- European utilities are undergoing significant changes due to a shifting energy market and political environment, with traditional centralized generation models being replaced.
- To create new value, utilities must pursue growth opportunities downstream in areas like energy services, efficiency solutions, distributed generation, and new verticals like electric mobility and smart homes.
- Successful growth will require utilities to get the basics of their existing business right, carefully select opportunities where they can compete against established players, and reorganize internally to build focused new business units.
Energy a practical approach for the benefit of sustainable economic develop...Lulzim
ENERGY- A PRACTICAL APPROACH IN FAVOUR OF A SUSTAINABLE ECONOMIC DEVELOPMENT IN KOSOVO
POLICY BRIEF KOSOVO
On the occasion of the EU Sustainable Energy Week (EUSEW) the Konrad-Adenauer-Stiftung publishes the new policy brief about Energy and Energy efficiency titled "ENERGY - A practical approach in favor of a sustainable economic development in Kosovo" written by Lulzim Syla from Kosovo Renewable Energy Association. The document summarizes the main topics and challenges regarding Energy and gives specific recommandations about the following actions that should be fulfilled in favor on a sustainable energy policies.
Energy a practical approach for the benefit of sustainable economic develop...Lulzim
The document discusses energy issues in Kosovo and proposes solutions to improve the sector. It notes that over 1 billion euros have been spent repairing power plants and infrastructure, with over 500 million spent on imports and fuel, resulting in losses of over 2 billion euros. It recommends establishing funds to support renewable energy projects and research. It also stresses the need for education programs to develop engineers and technicians for the growing industry, and proposes creating an Institute for Energy and Efficiency to develop policies and expertise.
IEA Technology roadmap solar photovoltaic energy 2014 Andrew Gelston
This document provides a summary and update of the International Energy Agency's 2014 technology roadmap for solar photovoltaic energy. It envisions solar PV providing up to 16% of global electricity by 2050, compared to 11% in the 2010 roadmap. Significant cost reductions have already been achieved, with further reductions possible through targeted research and development. Large-scale integration of variable solar PV will require measures to ensure grid stability and flexibility. Clear and predictable policy support is needed to continue driving down costs and overcoming non-economic barriers to deployment in order to achieve the roadmap's vision.
EURELECTRIC Views on Demand-Side Participationdavidtrebolle
In our vision of demand-side participation, smart grids will provide the infrastructure that enables decentralised producers, customers/‘prosumers’, suppliers and service providers to meet on an open market place, while giving grid operators more advanced tools to manage their grids.
Opportunities in the Hungarian Wind Energy MarketEnerjimiz Güneş
Opportunities in the Hungarian Wind Energy Market
Levente Csók, HWEA Board Member
Dr. Andrea Biróné Kircsi, HWEA President
Dr. Péter Tóth, HWEA Honorary President
This document summarizes the future prospects for solar power in the United Kingdom across three markets: large-scale solar farms, commercial rooftop solar, and residential rooftop solar. It finds that all three solar markets could be economic without government support within the next decade as solar costs continue to fall rapidly. Residential solar with battery storage may achieve payback periods of less than 10 years by 2025, driving widespread adoption. However, integrating high levels of variable solar power will involve some grid costs such as more flexible power scheduling and storage options that need to be weighed against environmental and energy security benefits.
Armenia is highly dependent on energy imports due to a lack of domestic oil and gas reserves. The development of renewable energy is important to reduce this dependence on imports. Armenia has technical potential to generate renewable energy that could meet a significant portion of its energy needs. The government provides feed-in tariffs and a 15-year guaranteed purchase agreement for renewable energy producers to encourage renewable energy development.
The document summarizes solar PV policies and the solar energy market in Japan. It discusses:
1) Japan introduced a Feed-in Tariff (FIT) program in 2012 to promote renewable energy after the Fukushima disaster. The FIT program guaranteed fixed prices for solar energy and drove rapid growth in solar installations.
2) Existing policies include land use regulations to encourage rooftop solar and rules simplifying grid connections for small solar systems.
3) Recent market strategies include reducing FIT prices annually, moving to an auction system for new projects in 2017, and removing tax breaks for commercial solar, aiming to lower electricity costs while maintaining a viable solar industry.
Responding To Continual Energy Market ChangeCTRM Center
The European power and gas industry is currently going through a period of very rapid change that has potentially far reaching consequences. While change is certainly no stranger to the industry, it requires players in the industry to constantly re-evaluate their business process and technology infrastructures in order to adapt and thrive.
Georgia has potential for renewable energy development, especially hydropower. Currently only 1.1% of installed capacity is renewable, mostly small hydropower. The government promotes small hydropower through permitting and licensing support, as well as power purchase agreements. Hydropower under 100MW can receive feed-in tariffs, while smaller plants have additional benefits like direct power sales. Georgia ranks highly for ease of doing business, attracting more foreign investors in renewable energy.
The Republic of Kazakhstan has significant potential for renewable energy, especially from wind and small hydropower. However, renewable energy currently accounts for just 0.6% of total installed power capacity. The country's renewable energy potential is 10 times its current energy needs from wind alone. Main barriers to investment are relatively high financing costs and an absence of uniform feed-in tariffs. Recent policies aim to promote renewable energy by establishing technology-specific feed-in tariffs and plans to install over 1,000 MW of renewable capacity by 2020.
Similar to International energy partnership program manuscript instructions: case Bulgaria (20)
Sofia municipality held three refugee camps - Sofia Camp, Vrajdebna camp, and Voenna rampa camp - with a total capacity of 1980 beds, which was more than any other location in Bulgaria. The document also lists information about several other refugee camps throughout Bulgaria such as their names, locations, capacities, and number of refugees accommodated as of June 16, 2014. It includes a map showing the refugee situation and camps in Bulgaria, Greece, Romania, Serbia, and Turkey at that time.
This document contains data on several refugee camps located near the Turkey-Greece border, listing the camp name, capacity in beds, total number of refugees accommodated, and number of refugees from Syria. Camps included are Sofia Camp, Vrajdebna camp, Voenna rampa Camp, Banya camp, Harmanly Camp, and Kovachevci camp, with numbers provided for each camp's capacity, accommodated refugees, and Syrian refugees.
This document summarizes a research paper on mobile social media services. It identifies four scenarios for implementing mobile social media: 1) transitioning desktop services to mobile, 2) developing straight for mobile, 3) aggregating desktop services for mobile access, and 4) aggregating services straight for mobile. The research analyzes existing services under these scenarios to identify best practices and limitations. A key finding is that while transitioning existing desktop services to mobile provides large user bases, mobile-specific features are not utilized. The future dominant design may be scenario four, which reduces complexity for users.
How technology ICT evolution force gaining mobile media data traffic Simeon Arnaudov
1. The document discusses how increasing mobile internet speeds and the maturity of mobile media services has led to rising mobile data traffic. As speeds increase on mobile networks, users download and upload more data through mobile internet. This increased traffic benefits mobile operators through greater profits.
2. It also examines questions around how mobile application developers and mobile operators should share the costs and revenues of mobile internet traffic. The future of mobile network regulation and competition between wired and wireless internet access are areas that require further research.
How technology ICT evolution toward market competition: Bulgarian case Simeon Arnaudov
This document discusses the evolution of the telecommunications industry in Bulgaria toward increased market competition through new technologies. It provides an overview of the key players in the mobile communication and internet access markets in Bulgaria, including the historical development from state-owned monopolies to increased privatization and competition. The mobile market is now saturated, so companies are diversifying services like mobile internet and IPTV to increase profits. Regulation by the Communication Regulation Commission aims to implement policy while removing barriers to market entry for internet service providers.
A vernier caliper is a precision instrument used to measure dimensions with high accuracy. It can measure internal and external dimensions, as well as depths.
Here is a detailed description of its parts and how to use it.
Profiling of Cafe Business in Talavera, Nueva Ecija: A Basis for Development ...IJAEMSJORNAL
This study aimed to profile the coffee shops in Talavera, Nueva Ecija, to develop a standardized checklist for aspiring entrepreneurs. The researchers surveyed 10 coffee shop owners in the municipality of Talavera. Through surveys, the researchers delved into the Owner's Demographic, Business details, Financial Requirements, and other requirements needed to consider starting up a coffee shop. Furthermore, through accurate analysis, the data obtained from the coffee shop owners are arranged to derive key insights. By analyzing this data, the study identifies best practices associated with start-up coffee shops’ profitability in Talavera. These findings were translated into a standardized checklist outlining essential procedures including the lists of equipment needed, financial requirements, and the Traditional and Social Media Marketing techniques. This standardized checklist served as a valuable tool for aspiring and existing coffee shop owners in Talavera, streamlining operations, ensuring consistency, and contributing to business success.
OCS Training Institute is pleased to co-operate with
a Global provider of Rig Inspection/Audits,
Commission-ing, Compliance & Acceptance as well as
& Engineering for Offshore Drilling Rigs, to deliver
Drilling Rig Inspec-tion Workshops (RIW) which
teaches the inspection & maintenance procedures
required to ensure equipment integrity. Candidates
learn to implement the relevant standards &
understand industry requirements so that they can
verify the condition of a rig’s equipment & improve
safety, thus reducing the number of accidents and
protecting the asset.
Literature Reivew of Student Center DesignPriyankaKarn3
It was back in 2020, during the COVID-19 lockdown Period when we were introduced to an Online learning system and had to carry out our Design studio work. The students of the Institute of Engineering, Purwanchal Campus, Dharan did the literature study and research. The team was of Prakash Roka Magar, Priyanka Karn (me), Riwaz Upreti, Sandip Seth, and Ujjwal Dev from the Department of Architecture. It was just a scratch draft made out of the initial phase of study just after the topic was introduced. It was one of the best teams I had worked with, shared lots of memories, and learned a lot.
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International energy partnership program manuscript instructions: case Bulgaria
1. Solar power plant (41MWp): Bulgarian renewable energy market study
Simeon Ventsislavov Arnaudov1
, Byung-chul Park2
, Gyung-sam Kim3
, Kyung-sam Kim4
, Mihaela Apostol5
,
Rofat Math6
, Young-sang Cho7
Abstract
Green economic growth became slogan of thousands public and private activities,
nevertheless there are arguments for switching to low-carbon, high-efficiency energy systems
disregard enormous investment cost. Innovative energy technologies are able to reduce
carbone emissions in aim to limit or avoid climate change directs the public debate. However
renewable energy source reduced dependence on imported energy, suspension of conflicts
over energy resources, and the increasing price of fossil fuels also are motivate actions.
Nonetheless, the potential price and difficulty of doing the transition to a new energy system
have brought forted essential opposition from fortified economic interests and consumers
equally. In this paper we investigate whether and how photovoltaic power plants as case of
renewable energy growing market as Bulgaria do, could become an economic occasion rather
than a precious burden. Could a photovoltaic energy capacity induce net economic growth
rather than social pay off burden? Analyzing foreign (Korean) direct investment as
photovoltaic power plant case study as example of some successful or unsuccessful practices
of rapidly growing domestic renewable market. Our aim is this paper to be useful to public or
private energy communities in supporting them with professional renewable domestic market
anatomy.
Keywords: photovoltaic power plant, feed-in tariff, renewable energy regulation, Bulgaria
1
PhD Candidate, ITPP/TEMEP, Seoul National University (IT Senior Expert at Ministry of education, youth and
science, Republic of Bulgaria)
2
Senior manager, Korea South-East Power, Republic of Korea
3
General manager, Overseas business team, New business development department, Korea Southern Power,
republic of Korea
4
Senior manager, Korea Southern Power, Republic of Korea
5
PhD candidate, ITPP/TEMEP, Seoul National University (Project consultant, Ministry of communication and
information society)
6
Master Candidate, IEPP/TEMEP, Seoul National University (Planning officer, Ministry of industry, mines and
energy, Kingdom of Cambodia)
7
Assistant professor, Yonsei University, Republic of Korea
1
2. 1 Introduction
1.1 Legal and regulatory framework
Like member of The European Union, Bulgaria as state follow Directive 2009/28/EC, where
in year of 2020 16% of total consumed electricity must be from renewable source.
Particularly in Bulgaria the legal and regulatory framework is leaded by Ministry of economy,
energy and tourism (MEET), which conduct the energy policy pursuant Energy law. The
ministry is in account of all energy policy, and providing transparent, stable and reliable
framework for domestic and foreign direct investors, existed power plant owners, market
operators, electricity distributors, and sub supporting government agencies. Market structure
is showed on figure 1.
The national regulator authority for energy is recognized in The State Energy and Water
Regulatory Commission (SEWRC). The State agent is established by the Energy law as
specialized government agent which regulates all activities in energy, water supply and
sewerage sector.
Under EU legislation, the operators of the transmission networks for gas and electricity need
to be separated and made independent from undertaking with generation and supply activities.
This process of renewable energy sector is more advanced and market players need to have
certification of the Electricity System Operator (ESO) before SERWC8
.
8
EU report march 2013; www.mi.government.bg/en
2
3. Figure 1: Legal, regulatory and market structure of electricity market in Bulgaria9
9
Ministry of economy, energy and tourism, Republic of Bulgaria; www.mi.government.bg
Renewable Energy Power plants
(under Feed-in Tariffs)
Coal Independent Power
Producers
State-owned Energy Suppliers
(nuclear, coal, gas)
NEK: single buyer; aggregator;
large hydropower generator;
supplier of last resort &
transmission company
System operator (owned
by NEK): organize the
balancing model
High-voltage
customers
Energo Pro
EVN
CEZ
Generation Transmission Distribution
Co-generation supplier
Purchased and paid for by NEK under Energy
Purchased and paid for by NEK under Energy
Law
Purchased and paid for by NEK under
Purchased and paid for by NEK under Energy
Distribution entities collect on behalf of NEK
Regulated electricity prices through
annual tariff orders
15%
15%
~58%
~12%
3
4. 1.2 National energy market structure
Bulgaria’s share of renewable energy in final energy mix reached approximately 15% 10
(figure 2) following the target of 16% consumption required by Directive 2009/28/EC.
Currently, Bulgaria renewable energy capacity has 850MW installed capacity of wind, 1040
MW capacity of photovoltaic and 3100 MW capacity of hydro (large and small) power plant
(3). Other installed RES as BIO are negligible (around 29MW[3]). Total installed capacity of
the Bulgarian electricity system is a bit less than 14 000 MW, where renewable power plant
account 35.5% of it. Furthermore, during year of 2012 peak of electricity demand were 7,444
MW, and minimum 2600MW. Comparing total capacity of RES reserve with domestic
market peak and minimum, it is obvious to conclude that the part of RES among all electric
capacity is high. However, have to claim that there is opportunity Bulgaria to share its own
RES capacity with other potentially having lack of RES EU members in the beginning of
2020. However the energy regulator has to keep in mind this positive news that the annul
nuclear power and thermal power plants can operate 7,000 hours/year, while wind and solar
farms can operate about 1,000 hours/year.
Implementing legislation for Feed-in tariff scheme to support RES was recognized from
investors as main driving force of sharp growing renewable energy sector. One more, the
regulator annually have rights to adjust the feed-in tariffs on 1st
July each year gives chance
to many photovoltaic company to sign fortunate 20 year take-off contract. After rapid
expansion of solar power plants in 2012, regulator in aim to cool investor ambitions reduce
the feed-in tariffs respectively with 50%. This government campaign was recognized from
society as only way to safeguard the public interest of low price electricity consumption with
0.08€/ kWh. Another investor interest frizzing step was done on September 2012.The GRID
access fee have been introduced for renewable power plants as well, which reduce their
revenue by 10% to 39% depending on the type of renewable technology and date of feed-in
tariff signed contract. Finally the RES subserve accounts 7% in the final customer price for
bought household and liberalized market in 2013.
10
World bank assessment 27th
May 2013; www.mi.government.bg/en
4
5. Figure 2: Generation structure in 201211
(TWh)
According to “Finding and recommendation” of European commission in May 2013 after
resigning of Bulgarian government, shows in practice how the existing facilities of renewable
energy are much larger than necessary in year 2013 still far and away from pending
requirements Directive 2009/28/EC. The report announced that the government instability
followed by regulator intervention led to the temporary situation most of the RES plants to be
forcibly stopped or restricted to work. The limitations do not apply to hydro power plants,
especially (2013 Spring season) when the dams are full and cogeneration facilities of district
heating are needed in Urban area (used for supply central heating system to public buildings
and private householders). Other finding is price calculation of energy mix (nuclear; thermal;
photovoltaic; hydro; wind power) complexity. The price of energy from the picture 3 we can
see that it varies from $28.62 MWh to $479.93 MWh (08 June 2013 exchange rate: $1 = BGN 1,478),
while the price at which the National Electricity Company (NEC) sells energy distribution
companies and in turn consumers is $53.57 MWh. 12
European Commission report monitor
the energy surpluses, and call for greater transparency in the energy sector, which appeals to
government to open the door and the Electricity System Operator (ESO) began to publish
information in real time at what point how many and which power operate facilities in the
country13
. It can be monitor online by stating that the published data are operational.
11
Ministry of economy, energy and tourism, Republic of Bulgaria; www.mi.government.bg
12
Ministry of economy, energy and tourism; Republic of Bulgaria; www.mi.government.bg
13
Electricity system operator: www.tso.bg/default.aspx/page-707/bg
15% Renewable energy
12% Long term contracted agr. TPP
35% Nuclear power plant
23% Thermal power plant
15% Steam thermal power plant
15%
15% 12%
35%
23%
5
6. Figure 3: Power plant contracted price in USD/MWh (Source: MEET, Republic of Bulgaria8
)
6
7. 1.3. Renewable energy in Bulgaria
Definition14
of renewable energy claim that RES is energy that comes from resources which
are continually replenished such as sunlight, wind, rain, tides, waves and geothermal heat.
Importance of renewable energy is in reducing possible climate change and minimizing
global warming concerns, covered with high oil prices, and increasing government subsidies,
are driving increasing renewable energy legislation, incentives and commercialization.
Economic growth through increasing usage of RES meets strong social impact. RES usually
rely to innovation technologies, according to specific natural resources of Bulgaria, some of
those technologies are customized to the geographical location of the country. All engineering
solutions, scares of natural resources, government regulation, and profit maximization
increase amount of direct investment in creating brand new renewable power plant. It is
understandable if investor is private agent return of investment shortage is the main company
goal. In other hand level of electricity price has strong social impact. In case of Bulgaria, in
middle of Feb 2013 government resign under pressure of social street movement against
increased electricity bills in sudden.
Bulgarian government adopted "Access to sustainable and effective energy resources"
measures suggested by the EC. Follow pending EC regulation in year 2020 Bulgarian energy
market have to consume renewable energy in minimum of 16% out of total produced
electricity. According to EC report findings Bulgaria is going to reach this level in the end of
2013.
Research objectives are to study Korean FDI Solar Power Plant in Bulgaria. To analyze
renewable market situation, will be conduct company behavior of foreign direct investment
companies (special project companies): “RES technology” Ltd and “ASM investicii” Ltd. It
will be monitored company reaction induced from government market interventions.
Successful and unsuccessful practices of both companies will be presented as well. In
analyzing FDI in renewable sector will be study the degree of collaboration with domestic
energy expertise (in view of academic and other domestic companies who are providing
energy or engineer solutions).
14
European commission http://ec.europa.eu/energy/renewables/index_en.htm
7
8. 2 Context
2.1 Price of electricity
In this study we figure out two types of price: feed in tariff and consumer price. Price of
electricity15
is summation of power supply (base price) power distribution price; supplements
price (for usage of green energy).
The price of electricity in the market with different sources of electricity by various PA is
formed by the combination of various contracts, operation costs and allowances for green
energy, while electricity price has strong social significance. According to the latest World
Bank report on Bulgarian energy market (May 2013), Bulgarian citizens are energy poor. It is
meaning the citizens are spending more than 10% of their income buying energy services
(electricity supply; others).
Price of feed-in tariffs [USD $/MWh] (Source: ministry of energy, economic and tourism) is
shown in table 1.
Table 1: Feed-in tariff agreement by RES8
15
Bulgarian Photovoltaic Association www.bpva.org
Renewable energy company
Capacity
(MWp)
Feed-in tariff
(USD/MWh)
Type of
RES
ASM BG Investicii S.A. 21 $ 472.93 solar
Wind force BG Ltd 10 $ 365.35 solar
ZBE Partners S.A. 50 $ 365.35 solar
BCI Cherganovo Ltd 29 $ 365.35 solar
Helios project S.A. 25 $ 365.35 solar
RES technology S.A. 20 $ 365.35 solar
Ecosolar Ltd 15 $ 365.35 solar
Company for energy development Ltd 14 $ 365.65 solar
Ecoenergy solar Ltd 10 $ 365.65 solar
E.V.T – Electra Volt Trade S.A. 10 $ 365.35 solar
8
9. By National Energy law regulation all photovoltaic power plants contract long term 20 years
purchase power agreement, also each year on 1st
of July the regulator set up new feed-in tariff
for the new comers. It is mean one time signed PPA is stays till the end of the contract. On
year 2012 with aim to protect energy market and to limited rapid growth of photovoltaic
investment, regulator decreases the feed-in tariff approximately with 50%. Even though down
slope of feed-in tariff last year (after 1st
July 2012) the amount of connected solar capacity to
national GRID was 721MW.
That time the only reaction of regulator was to decrease the take-off price of all new
renewable PPA contracts.
2.2 Energy export
Usually, as was written above the important things in the energy sector in Bulgaria are
happening around the 1 July, when the energy regulator, which plays a decisive role in this
sector decides on electricity prices and quantities to be sold on the regulated and free markets.
So even before the decision of the regulator last year to be taken, traders of electricity warned
that exports from Bulgaria will be blocked. The reason cited was the increase in the price of
Dubovo energy Ltd 10 $ 365.35 solar
Mondy Stamboliiski S.A. 10 $ 166.44 BIO
BCI Kazanluk 1,2,8,9,10 25 $ 160.35 solar
Vetrokom Ltd: VEP Kontakt Consult 23 $ 129.22 solar
EVN-Kavarna Ltd 16 $ 129.22 solar
A and S Geo energy Ltd. 156 $ 127.19 solar
Eolika Bulgaria S.A. 60 $ 127.19 solar
Vetrokom Ltd: VEP Vetrkom 50 $ 127.19 wind
Kaliakra Wind power S.A. 35 $ 127.19 wind
Haos invest-1 S.A. 16 $ 100.81 wind
Sofiiska voda S.A. 3 $ 81.86 BIO
Energo-pro S.A. 103 $ 75.78 Hydro
BAD Granitoid S.A. 23 $ 75.78 Hydro
Litex Hydro S.A. 6 $ 75.78 Hydro
Currency exchange rate (8th
May 2013) 1 USD= 1.478 BGN
9
10. transmission, which is paid for each megawatt hour of electricity exported from the country
and which in July 2012 was increased from $ 15.56 to $ 23.21 per MWh, an increase of
74.72%. Hardly the problem with this fee would be so great if it was applied in all other
countries. At present, however, charge transfer electricity export only in Romania and Greece,
but is significantly lower than the Bulgarian. This naturally led to the non-competitiveness of
the Bulgarian electricity to regional and is one of the main factors for the sharp decline in
exports from Bulgaria. Statistics export results shows in Q1, 2013 Bulgaria's16
electricity
exports had decreased by 22.5 % on the year, while domestic consumption of electricity had
fallen by 13.07%.
Reducing transmission cost could increase renewable energy productivity on the free market
and elevate income from exporting energy to country neighbours markets.
2.3 Renewable energy restriction
Above were discussed decreased feed-in tariffs and increased transmission cost. These are not
only cooling restriction to RES investor in domestic energy market.
Since February 2013, in aim to secure domestic energy balance from huge surplus capacity
the Electricity System Operator (ESO), gives one day in advance maximizing quotas to
power generator capacity of all wind farms and photovoltaic panels. The announcement of
these quotas is spread to power contractors by the three power distributors. For example the
quotas restricted wind and solar contractors by 40% from 10 am to 5 pm on Thursday (18th
of
April 2013) in order to maintain a balance between the production and consumption of
electricity17
. This act significantly will affect revenue income of photovoltaic power plants.
In other hand according to the statement of the Bulgarian Photovoltaic Association (BPVA),
renewable energy plants cannot influence the balance of the energy system because their
capacity ranges from several KW to several MW8
. However hundreds of small photovoltaic
contractors are contributing to over produced capacity of energy.
16
Energy news http://www.novinite.com/view_news.php?id=150837
17
Energy news http://www.novinite.com/view_news.php?id=149868
10
11. 2.4 Renewable sector overview
In figure 4 is shown total capacity of renewable energy by source14
.
Figure 4: key figures for the Bulgarian electricity market in end of 2012
The installed generation capacity stood at 13.8GW, the share of nuclear, fossil fuel and
renewable energy being 14.5%, 50.0% and 35.5% respectively. The Bulgarian power plant
generated almost 47TWh of electricity, net exports were 8.4TWh and the inland consumption
was 38.6TWh. The share of nuclear, fossil fuel and renewables stood 33.6%, 53.8% and 12.6%
respectively [7]. In comparison Word bank assessment2
shows 15% of total capacity of
consumed electricity was generated by renewable sources. Important finding is the amount of
maximum load of 7.4GW (or 54% of the installed capacity) was reached in February 2013. In
90% of the hours the load was below 5.5GW. The minimum load of 2.6GW (or just 19% of
the installed capacity) was reached on May 2013. Based on those findings the Bulgarian
electricity system had significant overcapacity.
9010 MW
3400 MW Hydro power plants
1040 MW Photovoltaic power plants
850 MW Wind power plants
9010 MW Other fossil power plants
3400 MW
1040 MW
850 MW
11
12. 2.5 Renewable sector highlights.
Under normal market circumstance, included well design central buyer, electricity
distributors and energy experience build in fossil and fuel energy, the renewable energy sector
was very welcome from hundreds domestic investors as new business opportunity.
Renewable market highlight underline several very important points as:
• Driving force of renewable energy sector development is long term PPA (power
purchase agreement) and fixed Feed-in Tariffs (FiT);
• Non-government organization (NGO) - Cluster organization represent private interest
in government face;
• International Events - renewable energy (RE) growth create opportunity Bulgaria to
dominate in local renewable energy market, example is Solar South-East Europe on
29-31 May 2013;
• Available natural sources of RES are: sun; wind; water; hot thermal springs
(negligible source).
• Good academic and university programs thought specialist for energy sector.
• Investor cooling restrictions was enlarging from high cost of renewable energy fixed
FiT, which somehow harm social interest in using cheaper sources of electricity.
• Regulator scalping prices of renewable energy had drop drastically from 1 July 2012.
According that fact, the electricity from photovoltaic panels mounted on roofs and
facades with power up to 30 kilovatpika will fall from $ 409.49 to $ 224.57
(approximately 45% less). For installations from 30 to 200 kWp current price of
$403.58 will be $203.18 (approximately 49% less). Manufacturers of wind energy are
less disadvantaged. In wind farms that work 2250 hours the decline was 21% (from
$127.39 to $100.61) and for working more than 2250 hours the reduction is 30%;
• Regulator on 1st
July 2013 keeps regulation rights to change the feed-in tariffs for next
period of one year.
12
13. 3 Benchmarking
Compare with other Member states, the Bulgarian efforts to reform the electricity sector
started late and look modest and largely incomplete. The electricity market in Bulgaria
follows a hybrid model where part of the transactions for the sale of electricity are concluded
at regulated prices, approved by the regulator, and the remaining part is trade on the
liberalized market at freely negotiated prices.
European commission regulation 2009/28/EC force state members to encourage investment
in renewable energy sources and in other hand encourage energy efficiency. The Bulgarian
market follows the EU regulations rabidly. For example, in 2020 year, Bulgarian has to
consume 16% of total capacity of electricity generated from renewables. In 2013, by World
bank assessment7
, the consumed 15% of total capacity generated by RES. This is result of
huge investments in wind and photovoltaic power plants. Impressive is photovoltaic growth,
which draws sharp slope-up in 2012 adding 721MW (Figure 6) to the national GRID18
.
All this details gives to Bulgaria respectful position in European Photovoltaic Giga Family. In
Europe are short numbers of countries with generated solar capacity upper than 1GW. Since
May 2013, in a glance Bulgaria has capacity to generate 1040MW by usage of photovoltaic
panels.
Worthy is the number of consumed electricity gained from solar power plants, here the
Bulgarian consumer keep 6th
place among EU members with its own consumption of 12719
[Watts] per day generated from solar power plants. This number is far ahead from its north
neighbor Romania with its 0.3 [Watts] (Figure 5).
National policy of yearly changing FiT was as soil for renewable energy seeds. Cause
regulator had of fixed FiT policy on the market new industry appears15
. Renewable investor
expansion creates not only possibility to fulfill EU regulations, also increased employment
rate in energy sector. RES growth created new branch associations, the market became center
18
Eurostat http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/
19
Energy news
http://www.capital.bg/politika_i_ikonomika/bulgaria/2013/04/08/2037825_top_20_na_elektroenergiinite_mosht
nosti_v_bulgariia/
13
14. of number international events for green energy growth. A global market leader had entered
the market and increased the local competitiveness of RES construction, operating and
maintains (O&M) services. The market became enough matured to export good practices to
neighbor countries, and in other hand its create opportunity to domestic and multinational
companies to cooperate and in some case for signing MoU for future joint working.
Only and big disadvantage is minimum participation in manufacturing own RES technologies.
There are some numbers of companies who are focusing on producing (generating less than 2
kW electricity) home appliance, where solar panel manufactures in producing panels with
capacity higher than 2kW are few.
14
15. Picture 5: Solar capacity19
per citizen in the European Union [W/capita]
15
17. 4 Project scheme
Electricity production in Bulgaria dates back to the late 19th century. The first Thermal
Power Plant was put into operation in 1899 in Pernik city. In 1900 was put into operation the
first “Pancherevo” Hydro power plant with capacity of 1600 kW. By the middle of the 20th
century were built many small thermal and hydroelectric power with a total 111 000 kW. In
1939 they produced 266 million kWh of electricity and 42 kWh / inhabitant. Currently energy
diversification calculates nuclear, thermal, wind, solar, hydro and BIO power plants.
Currently on the energy market are operating Public and Private companies. The partial
privatization of energy market allowed private domestic and foreign companies to invest in
energy sector.
Attractiveness of historically mature energy market brings participants all around the Globe.
To understand the nature of Bulgarian RES market will be analyze company’s experience
operating with Korean source of capital or RES technologies. In this case those companies
are LG CNS, “Korean Power Electricity Company” and “SDI Company Limited”.
4.1 Special Project Company
In year 2011 Korean electric power company (KEPCO) and SDN are creating Special Project
Company (SPC). Purpose of SPC 2SDN-KEPCO Veliko Tarnovo Solar Plant” is building,
operating and owning Solar power parks situated in two neighborhood district in Veliko
Tarnovo County.
Main financial source of SPC is Korea Development Bank (KDB) with $ 49 million, where
both companies are participating with private debt funding of $97 million. Debt equity grant
ration is 72/28, where private equity funding is $ 57 million. [19]. Source of company
revenue is contracted fixed FiT for 20 years, more information about SPC is shown on table 2.
SPC company study shows some limitation in collecting information. Nevertheless confined
information collected from World bank’s “Private principals in renewable energy” data base
we do professional analyze of company behavior as FDI investor. Further, more we do
evaluate number of successful and unsuccessful practices.
17
18. According to financial risk allocation SPC were established from Korean State Company
(KEPCO) and semiconductor venture company (SDI). Our sentiment is support by very
temporary political instability which we saw in Feb 2013. It’s was proved that Bulgarian
government canceled PPA agreements with RES companies unduly. Currently Bulgarian
judiciary sues that act, and all RES companies has available PPA agreements with personally
contracted fixed FiT. Other financing limited risk allocation is that the fund source of
investment is fully supported by Korean side (Korean bank and private company funds). On
stock market, SDI had negative 52 weeks slope of share price decreasing (-68% for the
period).
About installed photovoltaic technology there is very limited information. According to
Chinese PV producer Chient, they do supply some of the installed equipment. In other hand
according to LG CNS web site they supply some of the photovoltaic panels. According to
Bulgarian newspaper in Samovodene Solar parks are installed PV panel produced by LG
CNS, and in Zlataritsa Solar power plant are installed Chinese manufactured PV panels.
Both solar parks are having different contracted fixed FiT. Samovodene Solar park had
contracted before 1st
July 2012 with 20 years fixed FiT of [$472.93/ MWh], where Zlataritsa
Solar power plant was contracted after 1st
July 2012 with 20 years take-off agreement with
fixed income of [$365.35 / MWh]. These differentiations make different index of rate of
return in both projects.
Similarities of these solar parks are analogous geographical location. In solar power
technology only generating source of electricity are solar radiation20
, daily sunny hours and
average number of yearly sunny days (picture 7). It is obvious that both parks will have alike
parameters. In one side this had made easier investigating the solar power potential of Veliko
Tarnovo County. Our expertise strongly emphasize disadvantage. Aerography (weather)
forecast affect similarly both photovoltaic power plants. For example there is a rain storm, or
cloudy days, both solar parks will produce very limited capacity of electricity, which means
decreasing of FiT daily income. Research stab to collected information about power plant
maintain and operation is unsuccessful.
20
Figure design is done by Simeon Arnaudov, based on data and maps with Source: www.mi.government.bg
and http://www.solarpro.bg/show.php?storyid=1125
18
19. Table 2: Special Project Company “SDI-KEPCO Veliko Tarnovo Solar power plant” overview
Company RES technology ASM-BG
Geographical location Zlataritsa village, V. Turnovo Samovodene village, V. Turnovo
Date issue of license 2009.12.14 2010.01.18
Date of generating energy N/A N/A
Project consultant Kim & Chang, Korea Kim & Chang, Korea
Constructor N/A N/A
Technology Photovoltaic panel Photovoltaic panel
Power plant capacity 20 MW/h 21 MW/h
Off-taker National Electric Company National Electric Company
Electricity distributor EVN EVN
Investor
€ 70 million € 80 million
ROI 9% per year 9% per year
Capital
KEPCO - SDI KEPCO - SDI
19
21. 4.2 RES technology provision
Korean companies joined Bulgarian RES energy market is experienced with photovoltaic
equipment supplying as well. LG CNS penetrates the European solar power market for the first
time with supply and build of 21.3MW (KRW 65.4 billion) solar power plant system. The
generated electricity from these photovoltaic panels are enough to power 7,500 household per
year, reducing over 138,000 tons of CO2 equivalent of planting 5,000 pine trees21
.
LG CNS has implemented solar power systems in full operation in 4 areas of Bulgaria – Yambol,
Valchin, Skobelevo, and Smolnik. The total amount of the projects worth 44 million Euro (KRW
65.4 billion) with contractor Astronergy Solar Korea Co., Ltd14
.
The Bulgaria project has received the spotlight in the industry as the first overseas project to use
the Smart Green Solution (SGS)* that LG CNS developed for the first time outside Korean
market. The SGS system is an integrated solution with aim to support the managing the
electricity generated process in an efficient way supporting distance controlling.
The LG CNS success of the Bulgaria solar power project was in expanding companies
experience into the overseas solar power markets such as Eastern Europe is, in a time where
investments in renewable energies are increasing.
In 2012, as the contractor of the Bulgaria solar power plant invested by Chint, LG CNS had
demonstrated its expertise in building PV power plant. Chint/ Astronergy today announced its
completion of a solar PV power plant with a total installed capacity of 50MWp in Bulgaria. The
commercial operation date of the solar power plant is on June 12, 2012. Given the smooth
collaboration in this project, the two companies decided to seek further cooperation in the solar
power industry with signing MoU22
in March 2013.
21
http://www.lgcns.com/pr-center/news/view/1358/lg-cns-penetrates-the-european-solar-power-market-
for-the-first-time
22
Chint S.A., http://en.chint.com/about/detail?id=50
21
22. 5 Implementation strategy
5.1 Technology solution
Electricity production and its cash flow of fixed FiT with irreversible installed photovoltaic
panels completely depends of scared natural resources. In other words FiT cash flow is
calculated from generated and transmitted electricity to national GRID. Theoretically FiT cash
flow increased with increasing transmitted electricity. Practically there are many regulatory or
atmosphere obstructions. On the order of Privet owner of Power plant SPC company cannot
influence regulator policy. For example regulatory to increase feed-in tariffs or to increase the
daily quotas for RES energy. Similarly SPC could not change the scarcity status of natural
resources.
However SPC company based on accumulated experience could re-engineering the installed
technology for electricity generation.
Historically develop energy market support development of academic and R&D centers.
Professor Stanko Strakov23
in 2010 published methodology to calculate the total solar energy for
various regions of the country and for different slopes and orientation of host surfaces is
developed, The methodology is applied to software program “Solar”. With this methodology
could be calculated daily, monthly and annual amounts of solar radiation for various slopes and
orientation of the receiving surface and different sunlight angles (Figure 8).
23
Assoss. Prof. Dr. Stanko Vladimirov Shtrakov; Faculty of Mathematics & Natural Science; Dep.
Computer System and Technology; Dep. Physics
22
23. Figure 822
Due to the influence of latitude, weather conditions and local topography of the area, different
regions of the earth receive different amounts of solar energy. The intensity of solar radiation
depends very much on the geometrical position of the host (absorbent) surface Solar radiation
has different power during four seasons (figure 9). The difference in the intensity of solar
radiation, however, related to the plane perpendicular to the sun's rays is not large for different
latitudes. This means that with an appropriate choice of the slope of the receiving surface, solar
energy can be utilized in any area on Earth.
Figure 923
In Bulgaria there is evidence of long-term observations of the duration of sunshine (sunshine).
23
24. The mean period of sunshine in Bulgaria is about 2100 hours a year. In some areas it reaches
2,500 hours, corresponding to 1400 ÷ 1600 kWh/m2 per year on a horizontal surface, with the
existing long-term solar radiation data, the basic concept in providing data for the territory of
Bulgaria is based on empirical relationships for data conversion for the duration of sunshine (or
clouds) in estimates of solar radiation. Data on the distribution of hours of sunshine there for
about 40 weather stations in Bulgaria.
Based on professor Strakov research we proposed SPC Power company to do re-engineering of
fixed PV metal construction, and recalculate the necessary the horizontal surface, the solar
radiation data in Solar park geographical area.
5.2 Regulatory proposal
Feed-in tariffs which guarantee purchase of all renewable energy regardless of cost, renewable
power plant agents tends to allow more price competition between different types of renewable
energy, but can be limited in competition through eligibility and multipliers for RES agents.
Those supporting the adoption of RPS mechanisms claim that market implementation will result
in competition, efficiency and innovation that will deliver renewable energy at the lowest
possible cost, allowing renewable energy to compete with cheaper fossil fuel energy sources.
Bulgarian Government is planning to create a RES supporting fund, where the taxes for carbone
gas emission to be collected and distributed equally to end user of RES electricity in aim to
decrease electricity price and safeguard direct investments in producing “green energy” and
energy efficiency.
5.3 Local company opportunity
Rapidly growing RES market create a domestic market leaders, and increase competitiveness of
companies offered O&M, EPC. Even on the market appear companies offered full support from
power plant construction, engineer design and O&M.
For example company S.I.G. Bulgaria offer followed services to RES investors: feasibility study
search and evaluation of a suitable location; acquisition and consolidation of land; detailed
24
25. development plan crossing the stage Ecology change of reinstatement; design of wind and
photovoltaic plants; solar and wind energy audit; analysis of shading; connection to mains supply;
production of drawings and projects ready for coordination with state municipal authorities;
supply and installation of solar panels and wind.
Other domestic company "Solarpro Holding" has become the largest system integrator of
photovoltaic systems in Bulgaria with a total of 32 parks in various stages of completion and
total capacity of about 100 MWp. "Solarpro holding"13
signed its first contract to build a
photovoltaic plant in Macedonia. The park will be 1 MW and will be located in Bitola. "Solarpro
holding company" takes full service EPC (Engineering, procurement and construction) of the
project.
Maturity of Bulgarian RES market create opportunity to FDI investor in green energy to contract
EPC, O&M or other agreement with local companies in aim to fulfill better rate of index of
return, or simply just to relocate and reduce the risk of investment.
6 Expected results
Renewable energy players does expect in short time the energy regulator to reduce electricity
transmission fee (GRID connection fee) and in other side to support electricity export. This
combination of increasing electricity export and decreasing amount of transmission fee will
safeguard fast growth of renewables in domestic market. Furthermore the RES growth push
Bulgaria to become not just follower of Directive 2009/28/EC but also makes the country and
National energy sector to be one of the early adopters of renewable energy policies not only as
implementing new technologies to the market, also as innovator in setting up suitable
government regulation in securing energy market. The main remaining problem is still in macro
level with conflict between social and private interest. It is mean low purchasing power of end
electricity customer with return on investment of expensive renewable technologies. Here will be
interesting after not very long time the market to be investigated again, with aim to be shown the
results of future regulatory changes.
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26. 7 Implication
Implication could be dividing in a several group: improve regulatory framework; protect end
consumer; increase electricity export; reengineering off-taker obligation; stimulate domestic
academic and R&D centers in researching in area of RES. Regulatory framework could be more
transparent and fair balanced to energy market. The regulator has to review additional fees and to
ensure they are not discriminatory. Facilitate export of electricity with overview of local South-
East European energy market, and cooperate with countries as Turkey with current high
electricity demand. Mandatory is to transmission fees to be reduced.
Off-take obligation have to be adjust to electricity demand. It is need to set up a transparent
framework for daily energy quota. For example the quotas have to limited highest emission
energy producers. In our situation quotas are limiting RES producer with only logic to reduce
consuming expensive electricity. Increase possibilities RES producers to become participants of
free energy market.
8 Conclusion
We expect the Bulgarian electricity consumer to increase consuming renewable energy with
contribution to reduce carbonate gases waste. Return of investment does depend of electricity
demand. The regulator has to stimulate efficient consuming of electricity, however the economic
problems of price are electricity and RES investor return have to be solve as well. In few months
we expect the regulator to do reengineering of government policy with aim to stimulate
producing energy from RES.
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27. 9 Bibliography
JonhZysman; Mark Huberty; 2From religion to reality: Energy systems transformation for
sustainable prosperity”; June 2011; The Berkeley Roundtable on the International Economy;
Ministry of economy, energy and tourism, republic of Bulgaira: www.mi.government.bg/en
World bank assessment 27th
May 2013
Energy news: http://www.novinite.com/view_news.php?id=150837
Energy news: http://www.novinite.com/view_news.php?id=149868
Bulgarian Photovoltaic Association
http://www.capital.bg/politika_i_ikonomika/bulgaria/2013/04/08/2037825_top_20_na_elektroen
ergiinite_moshtnosti_v_bulgariia/
Electricity system operator: http://tso.bg/default.aspx/page-707/bg
http://en.wikipedia.org/wiki/Renewable_energy
http://www.solarpro.bg/show.php?storyid=1125
http://en.wikipedia.org/wiki/Cost_of_electricity_by_source
Assoss. Prof. Dr. Stanko Vladimirov Shtrakov; Faculty of Mathematics & Natural Science; Dep.
Computer System and Technology; Dep. Physics
Proper company: “My sunny Bulgaria” Ltd, Svilengrad city, 7A Parijka komuna Str., Bulgaria, P
ost code: 6500 www.mysunnybulgaria.com
http://en.chint.com/about/detail?id=50
http://www.lgcns.com/pr-center/news/view/1358/lg-cns-penetrates-the-european-solar-power-
market-for-the-first-time
http://ppi-re.worldbank.org/Data/Project/sdn-kepco-veliko-tarnovo-solar-plant-6665
http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C410000R0
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