Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Upcoming SlideShare
Aurinkoenergian kannattavuus tem_seminaari_auvinen_09092016
Next
Download to read offline and view in fullscreen.

Share

Solar energy feasibility and policies Auvinen EnergyWeek Vaasa 17032015

Download to read offline

Solar energy in Finland: feasibility and policy perspectives

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

Solar energy feasibility and policies Auvinen EnergyWeek Vaasa 17032015

  1. 1. FinSolar Project Lead, M Sc. (tech.) Karoliina Auvinen EnergyWeek 2015, Renewable Efficient Energy - seminar University of Vaasa, 17.3.2015 Solar energy in Finland: feasibility & policy perspectives
  2. 2. FinSolar project aims to boost solar energy market growth in Finland • Domestic market is important for new business model, technology and expertise development • We identify investment challenges and propose solutions related to financing and regulation • Investor groups: municipalities, commercial sector and house co-operatives & export group • Main funder Tekes • Duration 9/2014-12/2015
  3. 3. Municipalities: Helsinki HSY Jyväskylä Mikkeli Sodankylä Tampere Tuusula Vantaa Companies: Caverion Cencorp FCG Helsingin Energia IKANO Retail Centres Finland Oy Kaukomarkkinat Mäntsälän Sähkö SaloSolar Oy Savosolar Oy S-ryhmä Sundial Finland Ruukki Associations,schoolsandco-operatives: Aalto-yliopistokiinteistötOy As OyAuringonsäde,Helsinki As OyKuopionPuistokatu4,Kuopio As. OyLiinasaarenkuja3-5,Espoo Aurinkoteknillinenyhdistys ry Ekoenergyinternational Keski-SuomenOpiskelija-asuntosäätiö KouvolanseudunammattiopistonBiosampo Lappeenrannanteknillinenyliopisto MetropoliaAmmattikorkeakoulu SuomenLähienergialiittory SYKE,KohtiHiilineutraaliakuntaa(HINKU)- hanke WWFSuomi Ahjo Energia Aura Energia Aurinkoa Oy AurinkoinsinööritOy BaseNCorporation CO2.FIOy CurrentfinOy ECCANordic Finnfund FinnwindOy GreenEnergyFinland GreenesOy GreenstreamNetworkOy GrexelOy JoukonVoimaOy Motiva NapsSolarSystems Oy NocartOy SEAM Group Solar-Arena.com SolarvoimaOy SolecoOy SolerasOy Solved–The Cleantech Company SunEnergiaOy TelogOy UtuapuOy Partners:
  4. 4. Solar PV system prices in Finland follow declining German cost trend 17.3.2015 4 PV system prices in Finland 2014
  5. 5. Solar collector prices in decline – installed capacity growing 17.3.2015 Source: http://www.iea.org/publications/freepublications/publication/FeaturedInsight_HeatingWithoutGlobalWarming_FINAL.pdf 5
  6. 6. Investment cases from Finland 17.3.2015 6
  7. 7. Vuores-house, educational center, Tampere 2014 • 45 kW PV power plant • ROI 6,7% • Payback period 14,5 years • Product lifetime 30 years • Electricity production cost 6 c/kWh during 25 years 17.3.2015 Karoliina Auvinen 7
  8. 8. Commercial building, Pori 2014 • PV power plant 49,5 kW and heat pump system 60 kW • ROI 9% • Payback period 11 years • Product lifetime 30 years • Electricity production cost 6 c/kWh during 25 years 17.3.2015 Karoliina Auvinen 8
  9. 9. Solar collectors profitable in oil heated houses Four solar collectors produce approx. 4000 kWh/year - in a house with oil heating it means savings of 450 oil liters and 500 euros every year
  10. 10. House co-operative Erämaantie, Kangasala 2014 17.3.2015 Karoliina Auvinen 10 • Solar collectors 27,6 kWth and heat pump system 90 kW • ROI 11% • Payback period 10-12 years • Product lifetime 30 years • Heat production cost 3,8 c/kWh during 25 years
  11. 11. Hybrid central heating system by Suomen Ekoenergia, Lahti, Finland 2013 (240 m2)
  12. 12. Ruukki Roof Integrated Collector Ilkka Arha 5.3.2015 Vantaa Ruukki Classic® solar roof integrated collector Architecturally integrated collectors
  13. 13. Value chain of solar heat investment, equipment imported 17.3.2015 13 Kuvat: Petri Konttinen Investment 5.150 € Domestic rate 45%
  14. 14. Savosolar Confidential Large area collector field installation at Sakarinmäki school, Helsinki District heating solutions Investment total 180.000 € Domestic proportion of value chain, equipment from Finland 57%
  15. 15. Comparison of ROI profits • Solar energy investments in profitable locations 6 - 11% • Criteria: - access to investment aid - solar replaces oil, gas or retail electricity - no production to the grid Compare profits: • Saving account interest rates 0,1 - 1,65% (Jan 2015) • Real estate investments 4,4% average profit (2013) • Heat pump investments >10% 17.3.2015 Karoliina Auvinen 15
  16. 16. 17.3.2015 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.1 0.11 0.12 0.13 0.14 0.15 0.16 0.17 0.18 0.19 0.2 0.21 0.22 0.23 0.24 0.25 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2 Priceofretailelectricity[e/kWh](VAT0%) Investment cost of solar PV system eur/Wp (VAT 0%) 9% ROI 7% ROI 5% ROI 3% ROI Price of electricity in investigated investment cases in 2014 by FinSolar project Return on investment (ROI) between 1 - 9% in solar PV investments in 2014 – good profit for building owners with investment aid Price of PV system eur/Wp without investment aid Price of PV system eur/Wp with 30% investment aid
  17. 17. Comparison of solar electricity production vs. electricity purchase prices • Solar electricity production cost 7,4 c/kWh (with VAT 24%) during 25 years Vs: • Electricity retail price for companies and cities 9 c/kWh and houses 14 c/kWh during 2011-2014 17.3.2015 Karoliina Auvinen 17
  18. 18. Comparison of solar heat production vs. other heating prices • Solar heat production cost 46 €/MWh (with VAT 24%) Vs: • District heating 70-80 €/MWh 2012-2014 (exemption summer tarif regions) • Electricity heating for houses 108-117 €/MWh 2012-2014 • Heating oil (with VAT 24 %) 104,4 €/MWh • Pellet (with VAT 24 %) 61 €/MWh 17.3.2015 Karoliina Auvinen 18
  19. 19. Conlusion: Solar energy is already feasible, but market growth would improve with support policies
  20. 20. Comparison of PV support policies between Finland, UK, Belgium and South Korea 17.3.2015 Karoliina Auvinen 20 Support policy small scale Support policy large scale Installed capacity MW Market growth Finland Exemption from grid fees and taxes Investment aid, exemption from grid fees and taxes up to 100 kVA or 800 MWh Approx. 6 (2014) slow UK Feed-in Tariffs Renewables Obligation 4979 (2014) fast Belgium Net-metering Capital subsidies, income tax credits 3008 (2013) fast South Korea Home Subsidy Program Renewable Portfolio Standard 1555 (2013) average
  21. 21. Marstal SDHP in Denmark
  22. 22. Eight largest solar district heating plants (SDHP) of Europe are in Denmark and Sweden– when in Finland? Source: http://www.solar-district-heating.eu
  23. 23. Policy recommendations • Higher electricity and heat oil taxes • energy investment aid program for people suffering from energy poverty to compensate possible negative social impacts • Leasing or PPA financing instrument with state guaranty for municipalities’ cleantech investments • Extension of house renovation tax deduction from installation work to energy saving or renewable energy equipment => Benefits: more jobs, more state income, better trade balance and improved exporting conditions 3/17/2015 23
  24. 24. Thank you! Any questions? Contact information: Karoliina Auvinen, karoliina.auvinen@aalto.fi, +358 50 462 4727 Aalto University, Helsinki FinSolar Project http://laica.fi/finsolar-in-english/
  25. 25. References / Lähteitä • Gaia Consulting. 2014. Saatavissa: https://www.tem.fi/files/41148/Sahkon_pientuotannon_kilpailukyky_-_loppuraportti_- _final_%28ID_15372%29.pdf • Kallio Atte ja Rasinkoski Asko. 2014. Säätövoimaa Suvilahden aurinkovoimalasta [blogi]. Saatavissa: http://blogi.helen.fi/suvilahden-aurinkovoimalasta-saatovoimaa/ • Tahkokorpi Markku. 12/2014. Case Vuores-talo. Saatavissa: http://laica.fi/2015/01/16/case- vuores-talo/ • Tahkokorpi Markku. 12/2014. Case KOy Aurinkopaja yrityskiinteistön aurinkosähköinvestointi. Saatavissa: http://laica.fi/2014/12/30/case-koy-aurinkopaja- yrityskiinteiston-aurinkosahkoinvestointi/ • Kauppalehti. Talletuskorot [verkkojulkaisu]. Säästötilit [viitattu: 23.1.2015]. Saatavissa: http://www.kauppalehti.fi/5/i/porssi/korot/index.jsp?selected=talletuskorot • Kaleva Hanna. 2014. The Finnish Property Market 2014. KTI Kiinteistötieto Oy. Saatavissa: http://www.kti.fi/kti/doc/fpm/KTI_FPM14_net.pdf • Sulpu ry. 2014. Lämpöpumppujen merkitys ja tulevaisuus. Saatavissa: http://www.sulpu.fi/documents/184029/209175/Lampopumppujen-merkitys-ja-tulevaisuus- SULPU.pdf • Tilasto: Energian hinnat [verkkojulkaisu]. ISSN=1799-7984. 3. Vuosineljännes 2014. Helsinki: Tilastokeskus [viitattu: 23.1.2015]. Saatavissa: http://www.stat.fi/til/ehi/2014/03/ehi_2014_03_2014-12-17_tie_001_fi.html • Korea Energy Management Corporation, Annual report IEA-PVPS-2013-Korea 17.3.2015 25
  26. 26. Extra material
  27. 27. Solar energy cost levels start to be competitive with fossil fuels 20.1.2015 FinSolar
  28. 28. Electricity spot prices in summer 17.3.2015 28 Hour Spot price c/kWh Day 22.6.2014 23.6.2014 24.6.2014 00 - 01 2,71 2,54 2,96 01 - 02 2,27 2,31 2,90 02 - 03 1,99 2,07 2,83 03 - 04 1,76 1,99 2,80 04 - 05 1,59 2,02 2,79 05 - 06 1,46 2,39 2,90 06 - 07 1,36 3,04 3,58 07 - 08 1,42 3,25 4,49 08 - 09 1,87 3,60 4,80 09 - 10 2,18 3,43 5,09 10 - 11 2,48 3,40 5,19 11 - 12 2,47 3,59 5,54 12 - 13 2,43 3,65 4,79 13 - 14 2,45 3,49 4,52 14 - 15 2,35 3,51 4,20 15 - 16 2,33 3,79 3,99 16 - 17 2,30 3,52 3,87 17 - 18 2,48 3,66 4,08 18 - 19 2,32 3,59 4,20 19 - 20 2,58 3,33 4,22 20 - 21 2,72 3,34 3,77 21 - 22 2,77 3,30 3,65 22 - 23 2,85 3,25 3,64 23 - 00 2,81 3,14 3,39 0 1 2 3 4 5 6 c/kWhhuhti-syyskuussa
  29. 29. 20.1.2015 FinSolar 7M€ sähköyhtiön hallinnoimaa 3,3% ‘joukkorahoitusta’http://www.energie-graz.at/kundenservice/kundenservice/de_strom_solar-anleger

Solar energy in Finland: feasibility and policy perspectives

Views

Total views

1,535

On Slideshare

0

From embeds

0

Number of embeds

129

Actions

Downloads

15

Shares

0

Comments

0

Likes

0

×