BORUSAN EnBW Energy

BORUSAN EnBW Energy
Tuna GÜVEN
Operations Director
Turkey Investment Climate
and New Applications and Regulation
Husum - GERMANY
17 September 2015
BORUSAN and EnBW PARTNERSHIP
ENERGY JOINT VENTURE
Borusan Holding A.S.
EnBW Holding A.S.
50%
50%
• Partnership July 2009
• 2020 Target Portfolio 2000 MW
• Wind 1500 MW
• Hydro 300 MW
• Solar 200 MW
• Current Portfolio 764 MW
1
BORUSAN EnBW ENERGY PORTFOLIO PROJECTS
BANDIRMA, BALABANLI, HARMANLIK, KORU, MUT WEPPS & YEDİGÖL–AKSU HEPP ARE IN OPERATION
Balabanlı
50 MW
Saros
138 MW
Bandırma
60 + 27 MW
Kırklareli
Tekirdağ
Ordu
Bursa
Çanakkale
Balıkesir
Koru
50 MW
İzmir
Fatsa
56 MW
Harmanlık
50 MW
Erzurum
Yedigöl Aksu
50 MW
Fuatres
30 MW
Mut
50 MW
Antalya
Mersin
• Total Installed Power 337 MW
• 5 WEPPs 287 MW
• 1 HEPP 50 MW
• In construction WEPP 30 MW
• Current Portfolio 764 MW
Alara
183 MW
Wind
Development
Construction
Hydro RoR
Operating
2
ONSHORE WIND CAPACITY FACTOR COMPARISON
TURKEY HAS HIGH ONSHORE CAPACITY FACTOR
ONSHORE WIND CAPACITY FACTOR COMPARISON
~ 34-35 %
TURKEY
~% 22
~% 24
~ 25 %
GERMANY
DENMARK
SPAIN
* CF Turkey values are 2013 and 2014 figures , others are 2012 figures.
• CF values are @ 80 meters hub height in Turkey. Higher hub heights have
higher CF values.
• Investment costs are relatively lower due to especially low hub heights.
3
ONSHORE WIND INSTALLED CAPACITY COMPARISON
TURKISH ENERGY MARKET HAS SUBSTANTIAL GAP FOR WIND
ONSHORE WIND INSTALLED CAPACITY COMPARISON
21,8%
16,6%
16,6%
179,5
5,6%
22,7%
120,0
134,6
71,9
39,2
4,1
TURKEY
•
20
TURKEY 2023
TARGET
4,8
GERMANY
21,1
DENMARK
22,3
SPAIN
In 8 years installed wind base in Turkey is going to increase 5 times more
than today.
• Beyond 2023, Turkish wind energy market has still room for expansion.
4
TURKISH INVESTMENT CLIMATE FROM INVESTOR PERSPECTIVE
KEY POINTS
• Well established law and legislation infrastructure especially in last 5 years
• Powerful feed in tariff support for renewable energy generation
• ~ 30 % + onshore wind capacity factor @ 80 meters
• 16 GW installment target in 8 years
5
THANK YOU
Tuna GÜVEN
tguven@borusan.com
Borusan EnBW Energy Operations Director
&
TWEA Board Member