New highly profitable projects for the construction of solar plants with market-value power rates

 For the interested investor:

 

1- PV station construction project  2MWnom in Spain: Ref-POOL-006

2- PV Station construction project 10MWnom in Spain: REF-POOL-005 (RESERVED)

 

 

Benefits of the construction of a new solar PV-plant with market-value power rates

1 - The station will bring continuous, stable income without your intervention.

2 - High plant-profitability, with an IRR indicator of more than 9.5%

3 - The new plant comes in with new, more efficient equipment that you can use. And there is no limit up to which you can increase plant efficiency. Therefore, there is no limit for revenue growth, while there is a limit imposed on subsidised production, which falls under grants and subsidies.

4 - Overhead and maintenance costs are kept at a minimum.

5 - The new, high-performance panels provide a long and highly-profitable service-life of the plant (over 30 years).

6 - The Spanish market has become one of the most promising PV markets in Europe in the period 2015-2020, due to the achievement of grid parity.

7 - In addition, you become really involved in the creation of clean energy sources, and take part in actually protecting the environment.

8 - The revenue will grow annually, as feed-in tariffs are growing annually by an average of 3.5%, and you will not depend on government decisions, because for subsidized stations, the rate does not grow as much, and may be revised every 6 years, possibly down. And the duration of the subsidy is limited. Below are statistics for the rate of increase of electricity prices, based on OMIE statistical data (www.omie.es ).

 

MARKET-VALUE GROWTH DYNAMICS FOR ELECTRICAL ENERGY CONSUMPTION IN SPAIN

 

bar-graf-1

 

bar-graf-2

bar-graf-3

price-table

price-bar-graf

 

 STRUCTURE OF THE INVESTMENT PROCESS

The Investor obtains:

1 - Full technical and economic information about the project.

2 - Consultations on the electrical energy market in Spain.

3 - The project and the complete authorization documentation package, construction license.

4 - The construction contract for “Turnkey”, with a clear construction schedule and operational commissioning. Financing Schedule.

5 - Legalization of the facility.

6 - Carrying out all the test measurements and examination procedures required for the operation of the power plant.

7 - Technical service contract for maintaining and monitoring the stations.

8 - Lease-of-land contract valid through at least 30 years.

9 - Consultations on the selection of an insurance company.

10 - Company-agreement obtained by distributor for the distribution of electrical energy at market price.

11 - Bank-lending consultations for the project.

12 - Long-term financing, if required.

13 - System for remote accounting of energy sales.

14 - Remote Monitoring System for stations via the Internet.

15 - Further station administration, if necessary.

The relationship between the investors and contractors is regulated by the “Turnkey” Construction Contract, which includes the design, procurement and supply of equipment, construction, operational commissioning.

The following are clearly defined in the contract as per the design basis: construction, materials and equipment, as well as the warranty on the equipment and materials, all related work required for successful construction.

The term “Turnkey” means that, in exchange for a fixed fee, the Investor gets a ready power plant on solar PV panels, connected to the network and entered into service. (See contract model)

The Investor, after operational commissioning, possesses a valid long-term contract with the Distributor for the sale and subsequent distribution of electrical energy, Lease-of-land contract for the station, a contract with the contractor for maintenance and monitoring operations of the station.

After fully implementing the financial obligations to the contractor, the Investor becomes the full owner of the current photovoltaic power plant, which produces electricity and distributes it to the Spanish network at average feed-in tariffs. The investor possesses the right to choose an insurance company or to enter into an insurance contract with the company recommended by the Contractor.

 

Technical Maintenance

After completion of construction works, the most important measures to take are preventive measures. These cover all the examination procedures and verifications for the purposes of keeping the facility in an optimal condition and at an optimal performance level. At the same time, the station is constantly maintained in order to be able to timeously detect any possible anomalies or defects, which would otherwise adversely affect the overall production levels of the facility. This service is provided through comprehensive monitoring systems and software required to read and process the data.

This is achieved by:

- A constant and long-term monitoring of the installation.

- Tracking energy production outputs of the photovoltaic plant

- Providing Computer graphics of all measured data and operating conditions.

- Collection and tracking data for representation through the operating system into a photovoltaic plant computer terminal or on a remote PC with GPRS.

- Signal is sent to the mobile phone when it detects faulty parts.

 

There should be different kinds of preliminary technical maintenance:

Preventive maintenance: Regular check-ups, in accordance with production elements. All station facilities, structures, trackers, panels, cables are subjected to centralized visual audits to ensure that all components are working properly. All panels shall be cleaned and inspected throughout the year, to avoid damage. In addition, thermal image testing shall be carried out for control of loss in the various components to ensure their longevity.

 Remedial maintenance:

In the event of detection of various types of failures, such as abnormal behavior of electrical protection, and others, specialists will be directed to the facility as soon as possible, for the purposes of carrying out the necessary inspection and repair operations of the facility.

 

Laws governing the construction and operation of PV plants:

- Law 24/2013 of December 26 of the Electricity Sector on balancing the electricity system and criteria for priority access and delivery for electricity from renewable energy sources.

- R.D. 413/2014, of June 6, by which the activity of electricity production from renewable energy sources, and profitability of the plants and connected to the old S.R. regulated.

 - Order IET / 1045/2014, of 16 June, establishing the parameters of the standard compensation for certain production facilities of electricity from renewable energy, cogeneration and waste facilities are approved. / 

 - Combined IET / 1459/2014, to August 1, for new wind and photovoltaic systems in island electrical systems /