Trial Template - EWEA：试用模板-欧洲风能协会.ppt

EWEC 2006 National Technical University of Athens Contents The Clean Development Mechanism The scope of the presentation Pre-selection of host countries Financial analysis of wind energy projects Results without CDM Results with CDM Sensitivity Analysis Conclusions Flexible Mechanisms A co-operative framework within the Kyoto Protocol Annex-I countries: to meet their commitments in the most cost-effective way non-Annex-I countries: to support sustainable development Emissions Trading Joint Implementation Clean Development Mechanism Clean Development Mechanism Article 12 of KP: “any Annex I country or any licensee legal entity of Annex I country is allowed to be credited for emissions reductions achieved by investing in projects located in non-Annex I countries” Questions Is wind energy an appropriate type of CDM project? Is CDM an appropriate tool for the development of wind energy exploitation in developing countries The scope of the presentation To demonstrate the effect of CDM on typical Wind Energy projects To identify attractive investment opportunities on wind energy in smaller CDM markets (of particular interest for Greek investors) To investigate the impact of key-parameters on the project’s profitability Existing CDM projects (1) Existing CDM projects (2) Geographical distribution of Wind projects Project specification Capacity: 51 MW (60 x 850 kW) Hub height: 60 m Rotor diameter: 52 m Investment cost: 1000 €/kW Operational and Maintenance cost: 15 €/kW,year Assumed to be the same in all host countries Data Requirements Without CDM Load factors Electricity tariffs With CDM Load factors Electricity tariffs + Baseline emission factor Value of CERs Load factors Electricity prices Results of Financial Analysis Baseline Emission Factors Calculated on the basis of local data as the average of: Operating margin: existing electricity system Build margin: recent additions to the