ESKOM South Africa CSP Augmentation Conference PE2 – operational experience August 2013 1 Puerto Errado 2 Project Overview Project Profile and milestones Puerto Errado 2 Milestones Puerto Errado 2 Key data Dec 2008: EPC Contractor Novatec Solar Net Aperture Area 302,000m² April 2011: Financial Close Turbine 2x 15 MW turbines GE Termodyne April 2012: Completion of Construction Cooling Air cooled condensers Aug 2012: Solar share 100% Operating Temperature Up to 270°C Operating Pressure Up to 55bar Peak Thermal Output 150MWth Peak Electrical Output 30MWel Due Diligence of EBL on PE1 June 2009: Signing Investment Agreement April 2010: Start of Site Activities Start of Operations June 2013: Final Acceptance Tests confidential 2 Use of NOVATEC´s guaranteed performance values Guaranteed key performance indicators are used for performance modelling all along the project development chain Energy Yield Calculation Contract Technical Acceptance Technical specifications Actual versus guaranteed performance Availability Monitoring Performance Monitoring Actual versus target performance GUARANTEED KEY PERFORMANCE INDICATORS Project Development Solar Field Erection Solar Field Operation 3 PE2 performance guarantees • Conversion of Direct Solar Radiation to Net Thermal Energy Output depending on Sun Angle Position Conversion of Net Thermal Energy in Net Electrical Output Start up & Restart Times Average Mirror Cleanliness & Plant Availability Final Acceptence Tests: Target versus Actual Performance Comparison on 1 minute Time Step Basis over 20 day Tests in 4 Seasons confidential 4 First FAT 20 Day Test (Summer 13) 5 Target versus actual on 23/06/2013 40 1000 900 35 800 30 Pel [MW] 25 600 20 500 DNI [W/m²] 700 400 15 300 10 200 5 100 0 6:00 AM 8:00 AM Real Pel [MW] 10:00 AM 12:00 PM Model Pel [MW] 2:00 PM 4:00 PM DNI [W/m²] 6:00 PM 8:00 PM 0 10:00 PM Focused Solarfield Area % * 10 6 PE2 Plant Availability 99,8% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 7 Propietary low cost cleaning machines Low HR Requirement Cleaning Performance (4000 m² per Hour => 2 MWth) Very low Water Consumption (~ 2 Liter per m² an year) 8 PE 2 Solar Field Cleanliness (monthly average based on daily measurements) 9 NOVATEC´s Receiver Designs Vacuum Tubes are being used in Sections >300°C NOVA-1 Receiver SUPERNOVA / DMS Receiver Primary Reflector Design remains the same for all Receivers - confidential - 10 Supernova – Constant high steam temperatures Control of Outlet Temperature via Focusing/Defocusing - confidential - 11 Constant superheated steam temperature despite Fluctuating DNI Fluctuating DNI and stable temperatures - confidential - 12 Conclusion • NOVATEC´s transparent and detailed Performance Guarantees are Key for a successful Aquisiton of Equity and Debt Providers • Final Acceptance Tests of PE2 so far Proof NOVATEC´s Overperformance • PE2 Success is a solid Basis for the Market Introduction of NOVATEC´s new Technologies Supernova and DMS confidential 13 Puerto Errado 1, Spain 2009 Liddell solar augmentation, Australia 2012 Puerto Errado 2, Spain 2012 14