27/08/2014
Cap40 Business Wednesday at SolaireDirect Technologies plant in Bellville.
Speaker: Sébastien Feit Managing Director of SolaireDirect Technologies
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Presentation of Solairedirect
August 2014
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Solairedirect at a glance
250 employees worldwide
$1,5 Bn raised for project financing*
525 MW of installed capacity*
45 solar parks in operation or under construction*
250 GWh generated since inception Presence on 4 continents
No.1 Power producer dedicated to solar electricity in France
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
Solairedirect industrializes the downstream photovoltaic processes with a cost-driven, risk-controlled and grid-compatible approach
ISO 9001, ISO 14001, ISO 26000, OHSAS 18000
* end 2014
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Incorporated in October 2006 as
France’s first pure play
solar power engineer
IncorporationInternational
expansion and global leadership
Building leadership and
reaching critical size
Establishing itself as the
leader of competitive solar
power
Feed in-tariff environment Grid parity environment
Taking advantage of a transitional period with
feed-in tariffs, to establish a sizeable power
production business
Producing the most competitive kWh in the market and signing the very first market-priced
solar PPA
Replication of its proven business model abroad
Huge growth potential given exponential demand
Development of new offers (hybrid solutions)
2006 2006-2010 2011 2012 onwards
Solairedirect’s mission is to offer a solar MWh that is reliable, efficient, responsible and, above all competitive with other sources of energy
A global pioneer of competitive solar power
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
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Solairedirect has been distinguished as the best bidder in tenders in several countries including France, India, South Africa and USA
Lower construction and operating costs
Optimum reliability and bankability, and risk management
Optimized solar electricity value through long-term
supply contracts
Cost competitiveness Optimized funding cost Higher value added per kWh based on services
Solar Power Competitiveness
Competitiveness as a result of a comprehensive strategy
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
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Solairedirect industrializes the downstream photovoltaic value chain with a cost-driven, risk-controlled and grid-compatible approach
Design and ConstructionPerforming detailed engineering plans, constructing PV plants at competitive prices with high quality equipment , while respecting the environment
Operation & maintenanceReal time performance monitoring of all installations to maximize power generation
Power sales and grid servicesFeed-in-tariffs, wholesale electricity market, PPAs with utilities or industrial clients
An integrated business model geared towards energy transition
Project developmentFrom identifying sites to obtaining all necessary permits
Financing and legal engineeringStructuring the most relevant and competitive funding package for each project
Procurement and Modules manufacturingCentralized Procurement with internal manufacturing capacity of polycrystalline modules in South Africa
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
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An international presence on four continents Solairedirect is developing his model in every part of the world that is looking for new energy solutions
Pioneers InternationalIntegratedCompetitive Partners
France: 395 MW* 84 € / MWh
Chile: 55 MW* 75 € / MWh
India: 36 MW* 88 € / MWh
South Africa: 22 MW* 115 Rd / MWh
US: 26 MW* USD 50 to 80 / MWh
ResponsibleExperts
Solairedirect’s headquarters and subsidiaries Solairedirect’s projects and / or plants * end 2014
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Solairedirect Technologies Solairedirect is a “state of the art” PV modules manufacturing plant in Cape Town
Creation of Company and Plant construction Start –January 2008
Factory Acceptance Test of Equipment – September 2008 - Japan
Line assembly December 2008
Line Installation completed Jan 2009 First Shipment to SD – April 2009Start of Production – March 2009
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Solairedirect Technologies – key figures
150 employees
2 solar parks in operation or under construction in South Africa
120 MWp produced since inception(480 000 modules)
90% of the production exported
Production capacity doubled in 2013 (100MWp/year)
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
Solairedirect Technologies is a world class player who has signed an industrial partnership with Renesola.
ISO 9001, ISO 14001, IEC 61215 and IEC 61730
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South Africa : The new solar manufacturing centre
The deflationary character of solar photovoltaics is evidenced by the steady and massive cost cuts over a very long period of time. module prices have fallen by a factor of 95% in the last 30 years, from $16/W to $0.75/W, a 10.5% annual compound reduction, which has accelerated in the last four years due to cyclical reasons (lower polysilicon prices)
In 2008 solar LCOE(1) (Levelized Cost of Energy) for large-scale installations was around ZAR 5/kWh and has fallen to ZAR 1.1/kWh in 2013
Southern and Eastern Africa offer some of the best solar potential – and the lowest cost potential for solar, next to South Africa’s borders
Solar power today matches or outranks the most competitive sources of electricity generation in Africa, next to South Africa’s borders
Source: Bloomberg NEF, Aggreko, Solairedirect
Energy Source Generation costs
Solar PV 70 $/MWh (high irradiation) / 130 $/MWh (low irradiation)
Fuel or diesel150 $/MWh (large systems) / 300 $/MWh (small systems)
Coal40 $/MWh (depreciated plant) /150 $/MWh (new plant)
Gas 60 $/MWh (locally generated gas) / 140 $/MWh (imported gas)
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Solairedirect Technologies – Challenges
Pioneers ResponsibleInternationalIntegratedCompetitive ExpertsPartners
The local modules producers are facing an unfair competition from Asia : Chinese products are sold below their production costs thanks to government tax rebates.
In order to promote the local industry for the national tenders, a certain level of local content is required. Unfortunately, the rules are loose and do not encourage the bidders to use local products.
Create a competitive solar industry in South Africa with the “Fab Approach”.
Cells
Fab contracting “Made in South Africa”
Modules
Inverters, smart grids
Developers, EPC, IPPs
Polysilicon & wafers
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Solairedirect Technologies
Any questions ?