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2nd Annual Solar Energy South East Asia
November 25th , 2014
The Bangchak Petroleum Public Company Limited
Are utility scale solar projects the way forward in SEA?
Perspectives and experiences of experienced project developers.
Business Development Department
Mr. Pongpat Phukanud, [email protected]
2
Company Profile
3
Business Culture
Develop sustainable business, while safeguarding environment and society
Vision
Shareholder Structure
4
PTT 27.22%
Ministry of Finance 9.98%
Public 62.8%
Subsidiaries
Bangchak Green Net Co., Ltd.
Bangchak Biofuel Co., Ltd.
Bangchak Solar Energy Co., Ltd.
49%
70%
100%
BCP Energy International Pte. Ltd.
100%
Associated Company
Ubon Bio Ethanol Co., Ltd.
21.28%
ASEAN Potash Mining Public Co., Ltd.
Related Companies
Fuel Pipeline Transportation Co., Ltd.
6.90%
5.07%
Business Portfolio
5
E&P Business
Complex Refinery
Produce high value gasoline and
diesel products
EURO IV Standard
Marketing Business
Retail Gas Service Station
Industrial Oil, Lubricant
Non-Oil Business : Inthanin
Coffee, Green Wash, etc.
Renewable Business
Biofuel Production; Ethanol, Biodiesel
Solar Power Plant
Refinery
Marketing
Exploration and Production Business
6
2002
First Launched Biofuel Product (GSH95)
2013
1985 Established name of
“Bangchak”
1994 IPO Listing
2009
Converted simple to
Complex Refinery
Euro IV
Standard 2011
2012
Fully Operated
Solar Power Plant
Phase 1
(38 MWPPA)
Fully Operated
Solar Power Plant
Phase 2
(32 MWPPA)
Euro V
Standard
&
Fully Operated
Solar Power Plant
Phase 3
(48 MWPPA) 2014
30 years of Bangchak, We’re Continue Growing
Renewable Portfolio
7
8
BCP’s Solar Power Plant Business
9
Sunny Bangchak Project
Project Capacity (MWPPA)
Phase 1 38
Phase 2 32
Phase 3 48
Total 118
10
Bang-Pa-In, Ayutthaya 38 MWPPA
Project Information info
Electricity Production 66 GWh / Year
CO2 Reduction = Equivalent to Reforestation
38,000 ton CO2/Year = 28,000 Rais (4,400 Hectres)
Project Information info
Owner The Bangchak Petroleum PLC.
Location Bang Pa In, Ayutthaya
Capacity 30 + 8 MWPPA
Area Coverage 480 Rai
Commercial Operation 16 Jul 2012
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Page : 11
Project Information info
Owner Bangchak Solar Energy Ltd.
Location Bamnetnarong, Chaiyaphum
Capacity 8 x 2 MWPPA
Area Coverage 254 Rais
Commercial Operation 5 Mar 2013
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Bamnetnarong, Chaiyaphum 16 MWPPA
Project Information info
Electricity Production 38 GWh / Year
CO2 Reduction = Equivalent to Reforestation
20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)
Page : 12
Project Information info
Owner Bangchak Solar Energy Ltd.
Location Bang Pa Han, Ayutthaya
Capacity 8 x 2 MWPPA
Area Coverage 260 Rais
Commercial Operation 5 Apr 2013
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Bang Pa Han, Ayutthaya 16 MWPPA
Project Information info
Electricity Production 38 GWh / Year
CO2 Reduction = Equivalent to Reforestation
20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)
Page : 13
Project Information info
Owner Bangchak Solar Energy Ltd. (Buriram)
Location Prakhonchai, Buriram
Capacity 8 MWPPA
Area Coverage 135 Rais
Commercial Operation 19 Mar 2014
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Prakhonchai, Buriram 8 MWPPA
Project Information info
Electricity Production 19 GWh / Year
CO2 Reduction = Equivalent to Reforestation
11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)
Page : 14
Project Information info
Owner Bangchak Solar Energy Ltd. (Nakhon Ratchasima)
Location Dan-Khun-Tod, Nakhon Ratchasima
Capacity 8 MWPPA
Area Coverage 140 Rais
Commercial Operation 10 Apr 2014
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Dan Khun Tod, Nakhon Ratchasima 8 MWPPA
Project Information info
Electricity Production 19 GWh / Year
CO2 Reduction = Equivalent to Reforestation
11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)
Page : 15
Project Information info
Owner Bangchak Solar Energy Ltd. (Buriram1)
Location Nong Kee, Buriram
Capacity 8 MWPPA
Area Coverage 116 Rais
Commercial Operation 11 Apr 2014
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Nong kee, Buriram 8 MWPPA
Project Information info
Electricity Production 18 GWh / Year
CO2 Reduction = Equivalent to Reforestation
10,000 ton CO2/Year = 7,500 Rais (1,200 Hectres)
Page : 16
Project Information info
Owner Bangchak Solar Energy Ltd. (Prachinburi)
Location Kabinburi, Prachinburi
Capacity 16 MWPPA
Area Coverage 254 Rais
Commercial Operation 21 Apr 2014
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Kabinburi, Prachinburi 16 MWPPA
Project Information info
Electricity Production 38 GWh / Year
CO2 Reduction = Equivalent to Reforestation
20,000 ton CO2/Year = 14,500 Rais (2,300 Hectres)
Page : 17
Project Information info
Owner Bangchak Solar Energy Ltd. (Chaiyaphum1)
Location Bamnetnarong, Chaiyaphum
Capacity 8 MWPPA
Area Coverage 150 Rais
Commercial Operation 24 Apr 2014
Incentive Received • ADDER 8 THB/kWh, 10 Years • 8 years BOI Tax holiday +
5 years Tax 50% discount
Bamnetnarong, Chaiyaphum 8 MWPPA
Project Information info
Electricity Production 19 GWh / Year
CO2 Reduction = Equivalent to Reforestation
11,000 ton CO2/Year = 8,000 Rais (1,300 Hectres)
18
Benefits on Country of SUNNY BANGCHAK
Electricity Production :
250 GWh/Year
Reduce oil import
CO2 reduction
138,000 tonCO2/Year
19
Go for Solar Roof in Thailand
Solar Roof on Service Station 11 Station Total 125 kW
(for quotas in 2013)
Partnership with Roof Owners
Background
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Trend of Large Scale Solar Project in Thailand
21
New REDP Target (Revise in 2012)
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Alternative Energy Development Plan (AEDP: 2012-2021)
Renewable Energy in 2021
Solar Wind
2,000MW 1,200 MW
3,200MW
Biofuel
9 ML/D 6 ML/D Replace Oil 44%
25 ML/D Ethanol Biodiesel New Energy
New renewable
2 MW 1 MW 3 MW
Wave Geothermal
Biopower
3,630 MW 600 MW 4,390 MW
160 MW Biomass Biogas Waste
Hydro power
324 MW 1,608 MW
1,284 MW Hydro Reverse hydro
3,000MW 1,800MW 4,800MW
324 MW
4,800MW 3,600MW 400MW 8,800MW
Latest NEWS of Thailand’s Quota
Target in 2021
3,000 MW
Solar Farm 2,000 MW
Solar Roof 200 MW
Government office & Agricultural CO-OP NEW : 800 MW
Confirm
1,424 MW (PPA&COD)
Quota Left
576 MW
More Proposals
??
Quota Left
69 MW
House 31 MW
(Confirm)
Commercial 100 MW
(Confirm)
22
Latest FiT Incentives
23
Type FIT 25 Y Estimated Quota
Solar Farm
(Ground-Mount)
(<90 MW) 5.66 THB/kWh
576 MW (Existing Application)
Roof-top - House
(<10 KW) 6.85 THB/kWh
69 MW (NEW Application)
Rooftop – Business
(>10-250 KW) 6.40 THB/kWh -
Rooftop – Business
(>250-1,000 KW) 6.01 THB/kWh -
Ground-Mount
(Government office and
Agricultural CO-OP)
(<5 MW/site)
5.66 THB/kWh 800 MW
(NEW Application)
24
Tend to go Solar Roof
25
More Challenging to do Solar Farm
Less Incentives
• Feed-in-Tariff • Tax
Regulation
• Capacity Factor • Strict COD • Quota Grid
Availability
• Overvoltage • Capacity
Social & Environment • CoP on Environmental • Public Participation
Location
• City Planning • Flood Area
• New FiT5.66 THB/kWh
• Only Tax Holiday for 8 years
• Many locations are low demand.
• Many locations have limited grid availability.
• Control 16% of
Capacity Factor
(Tentative)
• Issue NEW Code of Practice
on Environmental
26
But also still have opportunities
Solar Farm for Agricultural CO-OP
• < 5 MW • FiT 5.66 THB/kWh • Upto 800 MW Quota
Go for Communities
Renewable Portfolio
Standard?
• Low carbon society • Environmental Concern
Grid Parity
• Electrical Price Increase
• Smart Grid
27
NG resource will affect Thai electricity Price
65%
11%
10%
1% 4% 7% 3%
Natural Gas
Hydro
Lignite
Import
Coal Renewable
Oil
Source : Energy Policy and Planning Office, 2014 SCBEIC Report, Jan 2013
79%
18%
3% Source of NG
Gulf of Thailand
LNG
Myanmar
Source of Electricity in Thailand 2014
Source : Energy Policy and Planning Office, 2014 SCBEIC Report, Jan 2013 28
If Thailand need to import LNG
79%
18%
3%
Current Situation
Gulf of Thailand
LNG
Myanmar
82%
18%
Import LNG
LNG
Myanmar
Average Electricity Cost 3.5 THB/kWh
Average Electricity Cost 4.9 THB/kWh
Government Incentives
Scheme
(Adder, FiT, Tax Holiday)
Current Situation
Long Term : Going to Grid Parity
29
Electricity Price Rise
Renewable Cost of
Production Drop Grid Parity
Scheme
Own Use Commercial Power
Plant
Own Use for CSR,
Environment
Electrical Price Continue Rise
Renewable Cost Drop
BCP Solar Power Plant – Execution Experience
Not only good irradiation, but should concern these on site selection
31
City Planning and Zoning
Local Demand & Grid Availability
Secure Customer by Acquire PPAs
32
Feed-in-Tariff (THB/kWh)
Duration (years)
Solar 5.66 25
Factory License
33
Roof top < 1 MW is not require for Factory License
But Solar Farm is still require Factory License
Code of Practice of Environmental for PV Plant
34
New issue in September 2014, for Electricity Producer from PV
• For both solar roof and
ground mounting
• Environmental Checklist
• Public Participation
• PV Waste management
• Un-build Plan
Public Participant
35
Public will more involved in Large Scale Solar Plant
2010 Start for PHASE 1 : Bang Pa In
36
Carefully Selecting the Equipment to reduce the risk
37
38
Equipment Delivery
Quality Control of Equipment
• Factory Acceptance Test :
100% of Panels and Inverters
• Random and send to 3rd
Party Lab
• On site String Test for
Acceptance
• Final Test when
Commissioning
39
Quality Control of Installation
• Onsite Owner’s Engineer
from Technical Consults
• Project Management
Consultant (PMC)
• Experience Site Engineer
from BCP
• Acceptance by PMC or
Owner’s Engineer
Installation
PEA & EGAT Acceptance Before COD
40
• Accepted by PEA or EGAT before COD
Test when
First Sync until COD
Comply to
Grid Code and
Specification
• Designed Approved by PEA or EGAT
• Overvoltage and Power Factor Adjustable
THAILAND’s FLOOD CRISIS 2011
41
During our construction : Flood 2011
42
All Panel and Inverter are Submerged
43
How can we pass this tough situation?
44
“Construction All Risk”
“Business Interruption”
Insurance Recovery Plan Quick Action
Finally : Project Complete
45
Operation and Maintenance
46
Operation
o Modules Cleaning o Once / Month
o Security Guard
o Monitoring of Power Generation
o Accounting and Administration
Item
Visual Inspection
System Performance
Server Preventive
Transformers
HV Substation
o Preventive Maintenance
Maintenance
o Inverter Maintenance
o 0 – 5 Year : Warranty by suppliers
o 6 – 25 Year : Preventive Maintenance
o Full Preventive Maintenance (after 5 year)
o For all Electrical Equipment
Go for World Class Solar Power Plant
47
