Syntegra Solar International AG
Company Profile and PV Power Plant Projects 2014/2015
December 2015
SYNTEGRA SOLAR CONFIDENTIAL
Content
December 2015
1. Investing in Renewable Energies/ Photovoltaic
2. Lenders Technical Advisory / Owners Engineer Services
3. Syntegra Solar at a Glance
4. References
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 2
Renewable Energy caters to multiple policy objectives
Affordable and reliable and clean power supply scores high on the political agenda
Energy supply security
Energy
Environment
Reduction of CO2 emissions
Economy
& Social
Mitigation of greenhouse effect
1)
2)
Local industry development
Benefits to local economy
Investments in Renewable Energies are a key enabler of sustainable development
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 3
Investments in Solar PV offer attractive return-risk ratios
Expected Returns p.a.
Especially Solar PV Power Plant attract Investors as well as Lenders due to favorable returns and risk profiles
PV Power Plant
Investments
Stocks
Bonds
Expected Volatility p.a.
Investments in PV with attractive risk-return profiles and long-term steady cash flows
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 4
Cost Competitiveness!
The Driving Force of large PV Power Plant Investments
PV Power Plants and Power Systems are fully cost-competitive in most cases in Thailand – rapid installation time-lines an additional benefit
Development of turn-key prices
for PV Power Plants / PV Systems,
as a function of time and project size
Economies of Scale and Technology Innovation, fueled by intense competition in the PV Industry,
are the driving forces of cost competitiveness of PV
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 5
Lender’s Technical Advisor / Owner’s Engineer Services
to assure that attractive risk-return ratios materialize
For PV Power Plant Projects, many different parties are involved and are to be coordinated and supervised
Owner / Investor
Owner’s Engineer
EPC
Local
Subcontractors / Partner
Operator
Banks / Lenders
Lender’s Technical Advisor
In-depth Expertise, ample experience, and a proven track record of all parties are key to success
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 6
Content
December 2015
1. Investing in Renewable Energies/ Photovoltaic
1. Lenders Technical Advisory / Owners Engineer Services
2. Syntegra Solar at a Glance
3. References
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 7
OE/LTA ensure on-budget and on-time project completion
One-Stop-Shop service provision: one partner, one interface, one to take responsibility for supervision of on -time / on-budget project completion
Phases of a PV Power Plant Project - from initial concept development to operations
Concept
Development
PV System
Engineering
PV Power Plant
Project Development
PV Power Plant
Project Execution
Plant Monitoring
& Servicing
For Owner/Investor : Owner‘s Engineer Services
Technical
Feasibility
Commercial
Viability
Construction
Monitoring
Operations
Monitoring
For Lender: Lender‘s Technical Advisor
© Syntegra Solar
Page 8
Syntegra Solar Project Management and Owner’s Engineer Services:
Expert know-how and best practice processes for your PV Power Plant Project
One-Stop-Shop service provision: one partner, one interface, one to take responsibility for on-time / on-budget project completion
Phases of a PV Power Plant Project, from initial concept development to commissioning and operations
Concept
Development
• Feasibility Studies
• Permit & Approval Support
• Project Financing Support
• Go/No-Go Decisi. Support
© Syntegra Solar
PV System
Engineering
• PV System Layout
• Energy yield simulation
• System cost calculation
• Engineering of electrical
and mechanical details
PV Power Plant
Project Development
• Development of Tender
Documents, Vendor DD
• Tender Solicitation
• Bid Evaluation
• Contract Negotiation
Support
SYNTEGRA SOLAR CONFIDENTIAL
PV Power Plant
Project Execution
• Project management and
organization set up
• Monitoring & Validation
DD during installation
• Commissioning & FAT DD
• Bankable Reports for Debt
Financing Release
Plant Monitoring
& Servicing
• PV System Performance
Monitoring & Evaluation
• Operations & Maintenance
Supervision (optional)
• Scheduled Board Reports
on Plant Performance
Page 9
Content
December 2015
1. Investing in Renewable Energies/ Photovoltaic
1. Lenders Technical Advisory / Owners Engineer Services
2. Syntegra Solar at a Glance
3. References
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 10
Syntegra Solar Intl. AG at a Glance
For details and references please visit our website www.syntegra-solar.com
Syntegra Solar is a specialized Consulting & Advisory and Project Development firm
recognized for its focus and expertise in Renewable Energies, namely in Photovoltaic Technologies
Syntegra partners are entrepreneurs, investors/owners of PV assets, often previous industry executives,
with a proven track record of a long-standing, direct experience in the Renewable Energy Industry Sector
Syntegra has build an extensive network in the RE/PV industry and is enjoying an excellent reputation
with firm in the PV industry, strategic investors and financial institutions, as well as government agencies
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 11
Consulting & Advisory services along the entire PV value chain
Syntegra Solar is specialized on PV Technologies – our services cover the entire PV Value Chain from Raw Materials to PV Power Plants
PV Industry Value Chain
Renewable Power Generation
Electricity Markets
DUE DILIGENCE SERVICES
Investment Opportunity Assessments
Technology Feasibility Due Diligences
Economic Viability Due Diligences
Commissioning/Final Acceptance Tests
PV Systems Damage Appraisals
Arbitrage & Dispute Settlements
CONSULTING AND ADVISORY SERVICES
Strategy Development & Execution
New Business Development
Technology Innovation & Start-Up Advisory
© Syntegra Solar
Lenders Technical Advisory
Owners Engineer Services
PV Power Plant Optimization
SYNTEGRA SOLAR CONFIDENTIAL
Policy Advisory
Scenario Development
Market Studies / Market Forecasts
Page 12
Syntegra Solar actively develops and invests in PV power projects:
“walking the talk” as key differentiator!
Syntegra Solar is founder and investor in operational firms active in the development and installation of PV power plants / systems
PV Project Development and Realization
PV Expert Due Diligences and Consulting
Syntegra Solar, as a specialized PV Consulting and Advisory firm, has advised and is actively engaged
in the development of a large number of PV Power Plant Projects.
In this role, Syntegra Solar enjoys an excellent track record with (strategic) investors, corporations and
financial institutions.
Deep expertise along the entire PV value chain translates to superior services for PV Power Plants
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 13
Syntegra enjoys an excellent track record
within the PV industry as well as with strategic and financial investors
Founded in 2001 as an Expert Consulting & Advisory firm servicing the Renewable Energy Industry Sector
PV Industry
Eurasia
Bronzeoak
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 14
Syntegra enjoys an excellent track record
within the PV industry as well as with strategic and financial investors
Founded in 2001 as an Expert Consulting & Advisory firm servicing the Renewable Energy Industry Sector
Govt. Agencies and Public Organizations
Financial Institutions
European Commission
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 15
Why Syntegra Solar?
Servicing Investors, Owners, Banks/Lenders, and PV Industry Customers in most countries of the world
Team of experienced executives, investors and professionals in the field of PV/RE
Deep knowledge and in-depth expertise of the entire PV/RE value chain,
from Raw Material production to PV Power Plant / System Installations
Broad experience with Governments, Financial Institutions, Investors, Project
Developers, as well as strategic and industrial clients
Proven track record as Lender’s Technical Advisor as well as Owner’s Engineer
Proven track record in the management of complex and sophisticated large projects
Develop, own and operate proprietary PV Systems – “we walk the talk”
Global footprint and global references
Absolutely independent and neutral
High work ethics – personal commitment to PV/RE utilization
Syntegra Solar is acknowledged for its expertise in the PV/RE industry:
“Committed to Innovation and Growth in Photovoltaics and Renewable Energies”
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 16
Content
December 2015
1. Investing in Renewable Energies/ Photovoltaic
2. Lender’s Technical Advisory / Owner’s Engineer Services
3. Syntegra Solar at a Glance
4. References
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 17
On-time and on-budget PV Power Plant Completion:
Most recent Owners Engineer References in South-East Asia as of 15.03.16
Syntegra Solar has emerged as the leading service provider of Owners Engineer and Lenders Technical Advisor Services in South -East Asia
Key References, South-East Asia, 2015 -2016:
• RASLAG I
RASLAG II
10 MWp
13 MWp
completed March 2015 – one of the first large ground-mounted Phil. PV Pwr. Plants
• SaCaSol/MonteSol
- SaCaSol 1A&B
- SaCaSol 1C&D
- SaCaSol 2A&B
- SaCaSol 3
- NISPI/MonteSol
22 MWp
23 MWp
33 MWp
48 MWp
18 MWp
completed Oct. 2014 – Syntegra came in after failed DOE testing to replace OE
• PGEC
Tarlac City
50 MWp
commissioned on January 18th, 2016, exactly on-time and on-budget – total installation 123 days
• CC/MW PV Power Plant Projects
- Silay
25 Mwp
- Bataan
18 MWp
• Ichinoseki, Japan
completed and commissioned on 18.12.2015 – 5 week ahead of schedule!
completed June 2015 – initial performance 7% over expected energy yield!
commissioned March 7, 2016
commissioned March 5, 2016
commissioned February 27, 2016
commissioned February 29, 2016
commissioned March 14, 2016 – currently conducting FAT Final Acceptance Tests
24 MWp
All above mentioned PV-Power Plant projects energized and commissioned on time
to be eligible for Philippine FIT
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 18
Back-Up
Pictures of a 23,2 MWp PV Power Plant (RASLAG I, II)
One of the first larger ground-mounted PV Power Plants in the Philippines – commissioned 5 weeks ahead of schedule
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 19
Back-Up
Pictures of 44 MWp PV Power Plant Portfolio (SaCaSol 1A/B/C/D)
First very large PV Power Plant Project on Negros/Philippines
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 20
Back-Up
Pictures of a just commissioned landmark 50,1 MW p PV Power Plant
A state-of-the-art PV Power Plant – a landmark installation by all accounts, see next page
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 21
Selected References
Owners Engineer and Due Diligence Services for PV Power Plant Projects
Syntegra Solar provides comfort throughout the entire PV Power Plant Project and assures superior results
Selected customer
Project Profiles
Project Developer,
Equity Capital Provider
160 MWp PV Power Plant, connected to central grid under FIT scheme
Full Owners Engineer / Lenders Technical Advisor Services:
• Technical and Economical Feasibility Studies;
• Vendor/Supplier Due Diligences, Analysis/Recommendations on Bids Received;
QA/QC for Incoming Goods;
• Comprehensive Installation Supervision – Civil Eng., Electr. Eng., PV Systems
Design Engineering – incl. Sign off techn. Specs, Drawings, QA/QC Supervision on
Construction, Reporting to PD/Lenders;
• Commissioning & Final Acceptance Testing , Bankable Reports
Philippines
2014 – 2016
Utility
Philippines
2013 – 2014
Completion in fall 2014
12 MWp PV Power Plant, connected to utilities' grid under FIT scheme
Full Owners Engineer Service package:
• Technical and Economical Feasibility Studies
• Tender Solicitation, Bid Evaluation and Contract Negotiation
• Construction Supervision and Final Acceptance Test
• Monitoring Due Diligence during operation
CEPALCO
Mindanao, Philippines
2 x 10 MWp, grid connected Solar Photovoltaic Plants
Owners Engineer Service:
2010-2011
• Technical and Economical Feasibility Study, Tendering
• Qualification of EPC contractors
• Bid evaluation and recommendation
© Syntegra Solar
Page 22
Selected References
Owners Engineer and Due Diligence Services for PV Power Plant Projects
Syntegra Solar provides comfort throughout the entire PV Power Plant Project and assures superior results
Selected Customers
Project Profiles
Project Developer,
Bulgaria
6,5 MWp, grid connected Solar Photovoltaic Park
2012
• Technical and economical Feasibility Study
• Owners Engineer Services from concept evaluation to Tender Solicitation
• Bidder qualification, Tender Solicitation process
Investors,
EPC Contractors
Europe
Several Solar PV Power Plants in Europe, totaling 100 MWp +
2008 – 2014
• Tender Solicitation, Recommendation and Contract Negotiation support
Syntegra Solar Services:
• Feasibility Studies, Investors Advisory, TA for MLA Mandated Lead Arranger
•
Inst. Supervision, Final Acceptance Test and Reporting,
• Monitoring Due Diligence, System Optimization
EPC Contractor
GERMANY
72,4 MWp PV Power Plant, Germany under German FIT regime
2009 + 2011
• Construction Supervision and Final Acceptance Test
Syntegra Solar TA Services:
• Commissioning and Grid interconnection Due Diligence
© Syntegra Solar
Page 23
Selected References
Technical Advisor Services for Investments in PV Production Plants
Syntegra Solar provides in-depth PV technology and PV manufacturing process expertise for PV production plant investments
Selected References
Project Profile
Customer/MLA:
NORD LB and LBBW,
various Landesbanken
Sunfilm a-Si Thin-Film PV Module Manufacturing Factory,
400 MWp, €150 Million Financing Vol.
Germany
• Technical Feasibility Studies on AMAT a-Si/µc-Si Thin Film Cell Technology
2008 – 2010
• Monitoring and Validation Due Diligences during Construction and Equipment
Move-In
Owners Engineer Services with a focus on:
• DD during Run-Up and Ramp-Up to nominal production capacity
• DD on Commissioning, Supervision of Final Acceptance Testing
• Operations Due Diligence during operation
Customer: BTA Bank /
EURASIA Solar CIGS Thin-Film PV Module Manufacturing
EURASIA Investment Corp. 220 MWp, €165 Million Financing Vol.
Kazakhstan and Russia
Owners Engineer Services with a focus on:
2008 – 2010
• Technical Feasibility Studies on all relevant Thin Film PV Cell Technologies with a
focus on CIGS TF-PV
• Commercial Viability Analysis for > 200 MWp CIGS TF-PV Module Production
Plants in Germany and Russia
• Consulting and Advisory on available EU-wide subsidies for investments in new
industry establishments
• Contract Negotiation Support for large Investment in novel high-efficiency CIGS
TF-PV Technology,
focus on manufacturing equipment, advanced production processes, CIGS TF-PV
cell technology innovation
© Syntegra Solar
Page 24
Selected References
Technical Advisor Services for Investments in PV Production Plants
Syntegra Solar provides in-depth PV technology and PV manufacturing process expertise for PV production plant investments
Selected References
Project Profile
Customer: MASADR PV and MASDAR PV Thin-Film PV Module Manufacturing Factory 360 MWp, $220
SCB Standard Chartered
Million Financing Vol.
Bank
Owners Engineer Services with a focus on:
Germany and UAE (Abu
Dhabi)
• Validation on Technical Feasibility Studies on AMAT a-Si/µc-Si Thin Film Cell
Technologies
2009 – 2011
• Commercial Viability Analysis for MASDAR PV production in challenging market
environment
• Contract Negotiation Support on investment in production equipment and TF-PV
cell technology innovation
• Monitoring/Validation Due Diligences during R& and Engineering of AMAT aSi/µc-Si Pilot Production Plants
• Due Diligences during Run-Up of Pilot Production and initial Ramp-Up to nominal
production capacity
Customer: IFC / World
Bank
Suntech PLUTO High-Efficiency Mono-Crystalline PV Cell Technology, $ 103
Million Financing Vol.
China
Consulting and Advisory Services with a focus on:
2010/2011
• Technical Feasibility and commercial Viability Analysis and Studies
• Process analysis and cost position validation on PLUTO High-Efficiency PV Cell
Technology
• Presentation of Bankable Reports to Investment Committees
• Implementation Monitoring and Result Validation
© Syntegra Solar
Page 25
Selected References
Owners Engineer/Technical Advisor Services for PV Power Plant Projects
Tender Solicitation, Bid Evaluation, Contact Negotiation as well as Technical-, Market- and Commercial- Due Diligence as for PV Power Plants
IBC 20 MWp Pilot PV Plant, 2005
Holzgünz 6,6 MWp Solar Park, 2010
Allmannshofen 7,9 MWp Solar PV Plant, 2011
Aerial views and photos of the Lieberose 73 MWp PV power plant, Germany,
2008 – 2009.
PV power plants of this size require substantial expertise in PV technology,
installation, logistics and project management.
Syntegra Solar provides comprehensive Advisory & Consulting services for PV Power Plant projects
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 26
Selected References
General Contractor/Owners Engineer for state-of-the-art PV roof top systems
Development incl. all permits & licenses, Design, Installation, Grid-Connection, Commissioning/ FAT, and Monitoring & Servicing
OPTOTECH 200 KW
PV roof-top system
GSI 120 KW
PV roof-top system
Lower left
Lower right
St. Lucia, small 9 KW Grenada, small 12 KW
residential PV system
Eco-Hotel PV system
140 KW PV roof-top system on
small stadium, rural Germany
Syntegra Solar develops, designs and delivers turn-key PV roof-top power systems in selected regions
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 27
Selected References
Syntegra as Project Developer / Investor in a 52 MWp PV Power Plant
Syntegra Solar as a 50% Joint Venture Partner in SunSystems s.r.l. responsible for Project Development and Tender Solicitation
A 52 MWp PV Power Plant being is developed in Phase I on a high-altitude property
located 40 km north-east of Santiago de Chile, adjacent to large Mining Strip areas
operated by two mining companies (Anglo American, Codelco). The property and
all property rights are owned by a privately held Investment Group “Toro Blanco”.
Specific Characteristics
The Toro Blanco property covers 4942 acres at an altitude of 1800m - 2900m. The
area enjoys excellent solar radiation all year round with more than 2.240 KWh/m².
Key parameters are:
• 4942 Acres (app. 2000ha) at an altitude of 1800 m - 2700 m.
• Excellent conditions for very high daily energy yield at 6,15 kWh/m² average, peak
of 9,2kWh/m², which translates to a simulated energy yield in excess of 2000
KWh/KWp (10 year average).
• Infrastructure readily available: a high-voltage power line runs through property
allowing for comparably easy grid-connection.
• Toro Blanco PV Power Plant(s) are to be connected to the Chilean Central Grid,
where favorable PPA’s and power rates apply.
The option to serve the Santiago de Chile Metro Region, where peak power prices
in excess of 300 US$/MWh currently apply, is being discussed.
Initial Lay-Out and AC-design for 52 MWp PV Power Plant
• Due to extensive Mining Operations in the area, road infrastructure fully available
.
Status
• PV Power Plant project approved by Toro Blanco Investment Group.
• Lead investor and Project Financer in Toro Blanco identified, MOU signed
• For Phase I of the Toro Blanco Project, a PV system lay-out for a 52 MWp Power
Plant has been designed.
• Technical feasibility and environmental assessment studies confirm suitability for
a larger PV power plant installation.
• Grid connection Study commissioned – negotiations with gird operator under way
• Kick-off for installation of PV Power Plant in Summer 2014
© Syntegra Solar
Page 28
Contact
.
Syntegra Solar Intl. AG
Neuhofstrasse 5A
CH-6340 Baar
SWITZERLAND
Tel.: +41 41 769 7937
Cell: +41 (79) 699 7622
Fax: +41 41 769 7947
www.syntegra-solar.com
© Syntegra Solar
SYNTEGRA SOLAR CONFIDENTIAL
Page 29