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Dr Will Rayward-Smith, General Manager Energy and Mines Australia Summit, June 2017
RESHAPING SOLAR
TO MEET MINING’S
ENERGY NEEDS
Making the headlines
Czech Republic60 TWh, 44th
Nigeria23 TWh, 68th
Estonia8.6 TWh, 101st
Slovakia30 TWh, 62nd
Cambodia4.4 TWh, 123rd
Mali1.4 TWh, 148th
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Miners have country-sized electricity demand
Source: SunSHIFT, CIA, Companies
Source: Bloomberg New Energy Finance
Global Primary Energy Supply (MTOE)
Unsubsidised LCOE for utility-scale solar PV
Source: SunSHIFT White Paper, Lazard
Unsubsidised LCOS
Source: SunSHIFT White Paper, Lazard
BEV model availability, 2008–20
Source: Bloomberg New Energy Finance
The Norwegian experience
Source: Bloomberg New Energy Finance
Battery electric vehicles for mines
Source: Atlas Copco Scooptram ST7 Battery Datasheet
Solar and wind at mines
Source: Energy and Mines, Companies
One of the main [challenges] was ensuring that we could give the miner the cost savings that they wanted – the main constraint with that is the mine life.Renewable project developer presenting at Energy and Mines, Toronto, November 2016
A fundamental problem
“”
The life of the mine impacts the economics of the solar because if you’re trying to sell solar power with the assumption that you want to amortise the plant in 5 years, you might not provide any value to the mining company, you might not even match their energy costs.Independent Power Provider panelist at Energy and Mines, Toronto, November 2016
A fundamental problem
“
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If you have a 20 year PPA with a mine that has a 15 year mine life, we’re probably going [to have a tenor that does not exceed] 10 years because at the end of the day we don’t want to take that reserve risk.Mining Project Financier panelist at Energy and Mines, Toronto, October 2015
A fundamental problem
“
”
A fundamental problem
Source: Goldman Sachs Global Investment Research
The calling
Image credit: Clean Energy Collective
Permanent
Long-term
Image credit: APR Energy
Moveable
Short-term
The problem
Roadblock Priorities…Demonstrate/increase the ability to redeploy renewable
energy systems in an economically efficient manner.Emerging Renewable Program, Information Manual
Partnering
“”
We understand that a solar installation is not moveable – in many ways – moving those [solar] modules is going to void the warranties and those kind of things.Solar panel manufacturer panelist at Energy and Mines, Toronto, November 2016
Relocatable warranty
“”
Engineered byA world leader in the pre-fabricated design and delivery of remote projects.
Automated by A world leader in power and automation hardware and support.
Powered by A world leader in durable, high-efficiency solar PV panels.
majority owned by
Partnering
Minimum Viable Product
VIDEO
Shaping our solution through market engagement
Our solution
Short-term PPA
MW not kW
Incremental hybridisation
Integrate with the IPP
New financing approaches
Shaping our solution through market engagement
SunSHIFT Module
2kW 1MW
SunSHIFTArray
SunSHIFTBlock
SunSHIFTSystem
N×1MW
Hybrid energy system
50kWIntegrated solar PV, generators, energy storage
Our solution
Short-term PPA
MW not kW
Incremental hybridisation
Integrate with the IPP
New financing approaches
Miners
Shaping our solution through market engagement
Our solution
Short-term PPA
MW not kW
Incremental hybridisation
Integrate with the IPP
New financing approaches
Miners
Shaping our solution through market engagement
Our solution
Short-term PPA
MW not kW
Incremental hybridisation
Integrate with the IPP
New financing approaches
Current state20% share of wallet
Fossil
IPP
Opportunity30+% share of wallet
IPP
Fossil
Solar
IPPs
Shaping our solution through market engagement
Our solution
Short-term PPA
MW not kW
Incremental hybridisation
Integrate with the IPP
New financing approaches
Financiers
To enable the transition
SunSHIFT is a wholly-owned subsidiary of Laing O'Rourke Australia Pty Ltd.
SunSHIFT Pty LtdABN 31 611 313 752
A Level 4, Innovation Place 100 Arthur StreetNorth SydneyNSW 2060
T +61 2 9903 0300 F +61 2 9903 0333 W sunshift.comE [email protected]
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