RE Vietnam II

James HA

Head of Asia PV Quality Assurance Centre

2 June 2017

SERIS – Your Comprehensive

Solar Energy Solution Provider:

From R&D to Industry &

Financial Services

2SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Founded in 2008; focuses on applied

solar energy research

Part of the National University of

Singapore (NUS)

Rapid growth (now >210 people and

> 6000 m2 of space)

> USD 30 million investments for labs

R&D focus is on PV (cells, modules,

systems) and solar buildings

Specialised in professional services

for the PV industry

ISO 9001 & ISO 17025* certified

(* PV Module Testing Lab)

SERISSolar Energy Research Institute of Singapore

Covering Solar Energy Value Chain

Materials Cells Modules Systems

Modelling & Simulation of PV Cells, Modules, Systems & Grid

Characterisation

Pilot Lines for Silicon Wafer Solar Cells and

Modules

Tandem Solar Cells on Silicon

Novel Technology

Exploration

Process

Improvements

Module Testing &

Certification

Module

Development

PV System R&D

(on-grid & off-grid)

Solar Thermal Systems

Forecasting & Power

System Management

BIPV

Quality Assurance &

Solarisation

4SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Single-cell mini-modules to full-size 72-cell modules

Optical characterisation of module glass and encapsulants

Development of PV modules for tropical conditions

Potential-induced-degradation (PID) study of PV modules

Development of comprehensive cell-to-module (CTM) loss analysis

PV ModulesResearch areas

5SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Full tests and partial tests according to

international standards (IEC 61215,

61646, 61730 and UL)

Customised PV module analysis for

commercial and research purposes

PV module certification in collaboration

with VDE

Customised R&D tests

Testing of materials and components

Test-to-fail procedures

SERIS Quality Check (SQC) test to

determine the quality of batches of PV

modules (e.g. 10 modules per batch)

PV Modules Performance analysis

6SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Solar Potential & Energy Meteorology Group PV System Technology Group• 3D modelling and solar

potential analysis of buildings

• Solar irradiance forecasting: short,

medium and long term time scales

• Sky imaging and GPS acquisition

• Weather Research and

Forecasting

• Cloud analysis and forecasting

• Long-term PV module performance

testing and monitoring

• PV system optimization

• World's largest floating PV test

bedding in Singapore

SES Cluster

PV Grid Integration

• Power system simulations

• Multiple levels of interdependencies

between the distributed generation

• Variability of the resource and demand

• Integrations between grid control, PV

systems and energy storage solutions

Asia PV Quality Assurance

Center

• 3rd-party evaluation of system

design, implementation and

economic variability

• Feasibility studies and full due

diligence evaluations

• National Solarisation Center (NSC)

• The “TruePowerTM Alliance”

SES clusterResearch Groups

7SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Solar Energy SolutionsFor Prospective Clients

Technical/ Financial Services

Insurance

Development Banks

Investor

Government/Regulator

• Solar Potential Analysis

• Regulation advisory

• Compliance

• Strategy & policy

• Incentives

• Detailed assessment on technical risks

• Risk mitigation strategy

• Lender technical advisory

• Feasibility Study

• Due diligence (technical & financial /biz model)

• Sustainability value added

8SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Project ManagementQuality Assurance

Evaluation &Planning

Preliminary project review

On-site assessment

Geological analysis

PV grid inter-connection

Yield estimation

Initial financial modelling

Assistance tendering process &

evaluation

Installation

& commissioning

Final contract preparation

Construction monitoring

Pre- and Post shipment inspection

Installation supervision

Testing & Commissioning

Confirmation of final acceptance

Certification (optional)

Project Phases

Monitoring &

O&M

Monitoring

Performance ratio (PR)

System Doctor Service

Training

9SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Project Track RecordReference list of selected technical due diligence and financial analysis

Activities / Services Project size Project location

Technical advisor, assisting in obtaining PR insurance coverage 900 MWp South Asia

Technical due diligence, owner’s advisory service, owner’s

engineering services and assisting in obtaining debt financing200 MWp Tamil Nadu, India

3rd-party verification, due diligence 26 MWp Gujarat, India

Technical due diligence 10 MWp Roi Et, Thailand

Technical feasibility study and yield assessment 10 MWp Kuala Lumpur, Malaysia

Owner's engineer and module verification testing (distributed

PV)40 MWp Singapore

Feasibility study, 3rd-party verification and owner's engineer Various 1 MWp projects Singapore

3rd party verification of PV system 0.5MWp Singapore

Technical and financial due diligence 10 MWp Singapore

Module verification test 90MWp Nevada, USA

Solar PV economic study with detailed future electricity price

scenario analysisN.A Thailand

FiT and interconnection study 10MWp Malaysia

Lenders’ technical advisor 1MWp Singapore

Feasibility study, technical advisory & evaluation of tender bids Small scale roof top system Singapore

Lender technical advisor 10.5MWp Singapore

Lender technical advisor 2.6MWp Singapore

Lenders’ technical advisor 70MWp Singapore

Feasibility study, financial and technical due diligence 40MWp Singapore

Testing and commissioning 3.6MWp Singapore

Testing and commissioning Various <1MWp Singapore9

10SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Project Track RecordList reference of monitoring projects

Activities / Services Project location

Developed, built and deployed a monitoring network of 25 meteorological

stations across SingaporeSingapore

Developed, built and deployed over 20 photovoltaic installation stations across

SingaporeSingapore

Many commercial monitoring projects, e.g. PV systems monitoring or

meteorological stations:

Inc. 2.6 MWp PV installation on the Coca-Cola factory in Phnom Penh

Singapore, Cambodia, India

Ongoing overseas research + commercial projects, e.g. remote monitoring of

meteorological parameters + PV module / system test stations across Asia-PacificSingapore, Australia*, Japan*, China*

10

Problem Diagnostics & Solution Services

SERIS Doctor Services

Facilities: Characterization, Testing & Certification

Solar cells PV modules PV systems

Cell doctor Module doctor System doctor

12SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Implementation

Projection

Outline

Motivation

https://img.clipartfest.com/29f86f005d5b4e91bb0cce64e7f9cb55_mca-partners-with-growing-plant-growth-clipart_1917-1002.jpeg

13SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Motivation – Push

https://www.nccs.gov.sg/sites/nccs/files/Appendix%20III%20INDC%20Infographic.pdf

14SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Implementation

Projection

Outline

Motivation

https://img.clipartfest.com/29f86f005d5b4e91bb0cce64e7f9cb55_mca-partners-with-growing-plant-growth-clipart_1917-1002.jpeg

15SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Singapore’s policy approachNo direct subsidies

government

private sector

16SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

SERIS’ role in SolarNovaTechnical advisor for government agencies (e.g. for feasibility studies)

of roofs

17SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

“National Solar Repository” (NSR) http://www.solar-repository.sg

18SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Innovative business models (1)Solar PPA (in Singapore often called “Solar Leasing”)

Instead of owning and paying for the system directly, the option for

solar leasing is increasingly provided:

Building

owner

Solar

leasing

company

EPC

/O&M

specialist

Financial

institutions

Receives

green electricity

Pays discounted

price for

electricity

Owner of

the system

Installs/maintains

solar system

Helps financing

the system

Pays

Interest

and

amortization

Pays service fee

19SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Innovative business models (2)Green electricity retailing

Instead of owning a suitable roof, green electricity retail products are

increasingly provided:

Interested

clientRetailer

Third party

hedging*

Receives green

electricity

Pays green

electricity price

(PPA + margin)

Buys green

electricity

Pays financial

PPA price

*as example through the Futures wholesale power market or with a generation company

Insures future price risk

Pays

premium

SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).20

Innovative business models (3)Selling green attributes

APX forms the central platform where each 1 MWh produced green

attributes are tracked via individual serial numbers until retirement

Interested

client

TIGRs2)

Registry

(APX)

Renewable

generator

virtual off-site commercial PPA

“retirement”

account

1) Renewable Energy Certificates

2) Tradable Instruments for Global

Renewables, www.tigrs.apx.com

3) Qualified Reporting Entity

agreed quantity and price per TIGR2)

(1 TIGR = 1 MWh green attributes)

APX verifies

assets

3rd Party

Verifier

(QRE)3)

“asset owner”

accountverified

MWh

verified generation“QRE” account

21SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Implementation

Projection

Outline

Motivation

https://img.clipartfest.com/29f86f005d5b4e91bb0cce64e7f9cb55_mca-partners-with-growing-plant-growth-clipart_1917-1002.jpeg

22SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Future solar PV potential

Data source:Q2015Data source: Solar PV Roadmap, https://www.nccs.gov.sg/sites/nccs/files/Roadmap_Solar_20140729.pdf,

Annual electricity demand growth assumption: 2%

23SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Projection

http://www.businesstimes.com.sg/sites/default/files/attachment/2017/02/21/210217_klbudg111.pdf

24SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).

Thank you for your

attention!

Please contact us:james.ha@nus.edu.sg

More information at

www.seris.sg

SERIS.Singapore

Solar Energy Research Institute of Singapore

SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).25

Installed capacity in Singapore by 2016Annual statistics

Data source: EMA

SERIS is a research institute at the National University of Singapore (NUS). SERIS is sponsored by the National University of

Singapore (NUS) and Singapore’s National Research Foundation (NRF) through the Singapore Economic Development Board (EDB).26

Latest quarterly statistics

Data source: EMA