solar renewable energy - now
DESCRIPTION
Thomas Leyden, Managing Director of SunPower, Corporation, discusses some of his company's large-scale commercial solar projects and the driving forces behind them. This presentation was given December 4, 2009 at the Solar Energy Focus Conference: Fall 2009 hosted by the Maryland, DC, Virginia Solar Energy Industries Association (MDV-SEIA) in Gaithersburg, MD. To learn more please visit:www.mdvseia.camp7.orgTRANSCRIPT
Solar Renewable Energy - NowMDV-SEIA
Thomas Leyden, Managing Director
December 4, 2009
SunPower Update
Over 500 systems on 3 continents
Over 500 MW installed, 24 MWs in NJLargest solar projects in North America
Established in 1985 World record solar cell efficiency = MORE POWER
Established and Proven. Technology Leaders.
Publicly traded (NASDAQ), strong balance sheet
4,000 Employees: All we do is solar
Over 85 patents and over 20 years of R&D
Energy efficiency expertise
$1.4 billion in 2008 revenue – all solar
Worldwide footprint
Fully staffed NJ office in Trenton
Your SunPower Solar Solution
Technology
Comprehensive Solar Program
All-in price of electricity
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
2005-2020
$/kwh
Grid 4.5% inflation
Grid 3% inflation
solar declining 5%
solar declining 6%
Crossover points
MSEIA/PV Now
Reaching “Grid Parity”
Incentives accelerate the cross-over
Raw Materials to Rooftops = Lower Risk and Higher Savings
Solar PV Value Chain
Polysilicon
Ingot
Solar Cell
Wafer
Solar Panel
Systems
6
Residential Retrofit New Production Homes
Commercial & Public Power Plants
Deployment Applications
SunPower ®
T10 Solar Roof Tile
Ground
Solar Cell
SunPower Deployment Products
SunPower PowerGuard ®
SunPower ®
T20 Tracker
Rooftop
SunPower ®
T0 Tracker
7
SunPower ®
T5 Solar Roof Tile
Thin Film
More Energy (kWh) = More Customer Cost Savings
More Power Per Square Foot
High Efficiency
Conventional
205,000 kWh (4.4% efficiency)
468,000 kWh(12.8% efficiency)
880,000 kWh(18.4% efficiency)
Efficient Use of Land with High-Efficiency PV Technology
More Energy, Less Space
19.3% Efficiency
21 Acres
High Efficiency
32 Acres
Conventional
12.6% Efficiency
41 Acres
Thin Film
9.5% Efficiency
6MW Solar Power Plant
Tiffany & Co. 1.3 MWParsippany, NJSolar + Energy Efficiency delivering savings of more than $450,000/year
FedExOakland, CA
ToyotaOntario, CA
TargetHayward, CA
Shiseido 699 kW New Jersey Headquarters
• Reduces annual energy usage by 35%• Saves $100,000 annually in electricity costs
Johnson & JohnsonNew Jersey
Conectiv Energy4.1 MW
Bavaria, Germany10 MW
Florida Power & Light – Desoto, FL25 MW
NJ Policies Bridged the Price Gap and
Removed Barriers:
Market Incubator Components:
� Rebate programs via SBC funding
� Early REC market
� Net metering and simplified interconnection
780% solar industry growth
In the first 5 years
NJ Policies Created A National Leader
New Jersey RPS
New Solar Energy Companies
0
20
40
60
80
100
120
140
160
2000 2001 2002 2003 2004 2005 2006 2007 2008
Year
Solar RPS MWhs
0
20,000
40,000
60,000
80,000
100,000
120,000
NJ Solar Companies
MWh's/cum Solar Companies in NJ
Projected Growth
3,000 new jobs
RPS Drives Rapid Growth and Investment in NJ
NJ Photovoltaic Installations - RPS Driven Requirement
15 year Aggregate Investment of $8.8 billion
0200,000
400,000600,000
800,0001,000,000
1,200,0001,400,000
1,600,0001,800,000
2,000,000
200620
0720
0820
0920
1020
1120
1220
1320
1420
1520
1620
1720
1820
1920
2020
21
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
Annual PV Installs ($ millions)
Total RECS Required
RPS
Mandated
SRECS
$mm
Opportunity For Market-Based Growth:
� RPS with solar carve out and ACP sets the stage� 2000 MW goal by 2021 lays the foundation for large scale investment
21
EAST COAST SOLAR MARKETS TO 2010-2012
21
Known East Coast Solar Markets Based on RPS & SRECs
Upcoming Markets for East Coast•New York•Massachusetts•Vermont•Delaware
New Jersey
Year
New Solar
Capacity
(MWp)
New Solar
Value $m
2010 67.5 $405
2011 76.1 $419
2012 71.5 $358
Total 215.1 $1,181
Maryland
Year
New Solar
Capacity
(MWp)
New Solar
Value $m
2010 9.0 $54
2011 9.0 $50
2012 13.0 $65
Total 31.0 $169
North Carolina
Year
New Solar
Capacity
(MWp)
New Solar
Value $m
2010 12.5 $75
2011 25.7 $141
2012 33.1 $166
Total 71.3 $382
Ohio
Year
New Solar
Capacity
(MWp)
New Solar
Value $m
2010 13.7 $82
2011 41.0 $226
2012 81.9 $410Total 136.6 $717
Pennsylvania
Year
New Solar
Capacity
(MWp)
New Solar
Value $m
2010 0.5 $3
2011 19.5 $107
2012 30.4 $152
Total 50.3 $262
Existing East
Coast Markets 3 Years New Solar
New Solar
Value $m
Total 3 Years 504 $2,711
Utility Scale: Cross-Over is Here and Now . . .
� PV has reached the cross-over point when compared with new construction of a gas peaker, coal or nuclear plant.
� Conventional utility capacity alternatives have become too expensive and/or too risky:
� Coal cannot be financed
� Gas Peakers yield very expensive power
� Nuclear is too costly and too risky
� PV is now the lowest cost of any of these options
22
Levelized Cost of Energy - Forecast
23
References:• Lazard for start year for Coal IGCC, Gas CT, Gas CCCT, Nuclear, Wind. E3 Consulting for CSP and Coal IGCC with CCS. • DOE for Central and distributed PV (CPV and DPV). Costs after start year are trended per SunPower internal assumptions on commodity prices, fuel costs and cap & trade. Wind is flat for 4 years, thendeclines 1%/year; CSP declines per a blend of various company price curves.
The weighted average LCOE from PV over the construction period of a
Conventional Plant is lower than the LCOE from that plant.
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DOE HQ
Fort Dix
A New Era is Upon Us….….
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Nothing is as powerful as an idea whose time has come-- Victor Hugo