Key Factors in Solar PV Project: Neoen's Success Story
Neoen's 75MWp Solar PV Plant in El Salvador, a significant renewable energy project, showcases key success factors such as strong shareholders, international experience, and favorable regulatory environment driving its development. Despite risks, the project demonstrates effective tender processes and stakeholder involvement essential for its success in the region.
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Presentation Transcript
75MWp Solar PV Plant in El Salvador July 2015
One of the Largest Solar PV Project in Central America Key Figures 60MWac / 75MWp Attractive price of $101.90/MWh c. US$130m Investment A 250Mz totally flat site An industrial and highly secured area 3% of Revenues invested in Social Development Development Status 90% of the permits obtained Final negotiations with EPCs Financial due diligence in process Anticipated COD: Q4 2016 2
Key Success Factors (1/3): Neoen, an Majority Shareholder with a Long Term Vision A renewable integrated IPP Strong Focus on solar and wind A Developer / Investor with long term vision Develop, invest and Stay Reasonable expectations Local presence 458MW fully financed in construction/operation 1GW targeted by 2017 300MW in construction in Cestas, France Strong and ambitious shareholders 3
Key Success Factors (2/3): The Good Mix of Sponsors International Experience Strong Gustavo E. Siman Shareholders Shareholders Complementary Team A Long Term Vision 4
Key Success Factors (3/3): Why it Does Work in El Salvador An open and well organized tender process Timely managed Good level of bid and pre-operating bonds Strong regulation body Good involvement of SIGET / CNE which ensured a transparent and well executed process Strong offtakers and distribution companies Attractive off-taking mix with companies with good credit rating 5
But Risks are Still Here A First-of-a-Kind for El Salvador Interconnection Change of Law Security 6
Thank you for your attention Emmanuel PUJOL General Manager Central America emmanuel.pujol@neoen.com + 503 7851 7139 PARIS (HQ) | LISBON | SYDNEY | MEXICO | CAIRO | SAN SALVADOR www.neoen.com 7
