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MINOS Concentrated Solar Power Project
June 2017 Alex Phocas-Cosmetatos & Konstantinos Kynigalakis
Nur Energie Ltd.
1. Nur Energie Introduction
2. MINOS CSP Project
3. NER300 Program-Experience
4. Combination of Private Investments and Public Funding
Contents
Nur Energie Ltd. |25 North Row, London, W1K 6DJ, UK | [email protected] 2
1. Nur Energie Introduction
Nur Energie Ltd. |25 North Row, London, W1K 6DJ, UK | [email protected]
Nur Energie is an independent solar developer, deploying PV and CSP technologies in projects around the Mediterranean
Thémis
GPMM
Bagnoregio
Nur 01
Crete MINOS
Tunisia PV
TuNur CSP
GPMB
Villeneuve-Loubet
Nîmes
Nur 04 Nur 06
Nur 05
TuNur HVDC
PV projects • Successfully developed and sold
green field PV projects in Italy; • Full developed and sold 10MW
BIPV project on 100,000 square metres of roofs at the Port de Marseille.
FRANCE & ITALY
Tower CSP plant selling power to Island grid under development • Construction ready site for a 50MW
CSP tower plant on Crete;
GREECE
Large scale CSP export project from Tunisia to Europe • Semi permitted 2000MW export from Tunisia to
Italy (CSP tower and HVDC sub marine cable); • Joint-venture with established local Tunisian
partners.
TUNISIA
2. The MINOS Project
Nur Energie Ltd. |25 North Row, London, W1K 6DJ, UK | [email protected]
• The M.IN.O.S. (Minimum Intermittency Operating
System) CSP Project is a 50MW concentrating
solar thermal power plant that aims to generate
predictable and dispatchable electricity from solar
energy.
1. Maximized Solar Field Efficiency: Multi-Tower
Project with solar receivers which utilize an
optimized common solar-field of high efficiency.
2. CSP in non-limitless area (non-desert): Solar field
deployed on natural slope with natural boundaries
(e.g. hills) require new tools for optimising solarfield
efficiency.
3. A RES project which turns into a base-load plant
for isolated grid: A fully dispatchable CSP plant
capable to operate maximizing its production in an
isolated grid with various restrictions.
• The Project is located on the island of Crete, at a
site adjacent to a 200MW conventional power plant.
• The Project has received the main licenses.
King MINOS was the
mythical king of Crete
Size Permitted up to 52MWe
Technology Tower CSP with Thermal
Energy Storage
PPA 25y with Grid Operator at fixed
price
Electricity
Production
c.100,000MWh / year
Grant Up to 42m€ grant awarded by
European Union (NER300)
3. NER300 Program Experience
Nur Energie Ltd. |25 North Row, London, W1K 6DJ, UK | [email protected]
The project has been granted a NER300 award in December 2012 under the first call for proposals.
Experience so far - Positive
• The NER300 team has always been responsive to the requests of the promoter or the Member State.
• A contact person is assigned by the Member State as operational Country representative for NER300
program, facilitating the communication of the promoter with the Commission
• All the NER300 relevant documentation has been very clear and well structured since the beginning
of the program and it is always being updated responding to new challenges and needs.
Obstacles during development
• Innovation comes with challenges. NER300 program is designed to support the first few years of
operation of the projects (additional tariff during first five years), but the project promoter needs to rely
100% on own funds for development and financial close.
• Innovative projects may face additional regulatory delays (permitting) compared to commercial RES
projects, putting further financial strain on project promoters.
• Some innovative technologies may be at risk from regulatory changes in support schemes.
4. Combination of Private Investments and Public Funding
Nur Energie Ltd. |25 North Row, London, W1K 6DJ, UK | [email protected]
Flexibility
Increase flexibility in private – public partnerships. Support projects during development but also be
flexible to withdraw support if development stalls or if technology changes. Having a pool of capital
available for eligible projects may increase flexibility compared to fixed allocations to certain projects.
Financial tools
Further to debt and subsidy, could be incorporated in the public funding schemes. For example a kind
of guarantees on the counterparty or country risk.
Lower development risk
Support unified legal framework for chosen innovative projects that will facilitate the inter-state
cooperation for private investment. This way a foreign company or investor can operate under single
market status in the country of the project and also follow an expedited permitting process.
Innovative technologies are challenging to finance. European public institutions could
collaborate to provide the certainty required for the commercialization of additional
technologies, which are ready to reach this level.
Contact
Nur Energie Ltd.
25 North Row
London, W1K 6DJ,
United Kingdom
T(UK): +44 (0) 203 691 6388
T(GR): +30 215 501 4931
Thank you for your attention!
