Business Plan 2015-2020

Transcripción

CPVRS
Industrial and Commercial Development
CPVRS, First Prototype, July 2013
Pág. 2
© 2014 Valldoreix Greenpower. Todos los derechos reservados. Prohibida la reproducción total o parcial de este documento
CPVRS Characteristics
 CPVRS doubles the efficiency (30%) of traditional PV systems (15%).
 Lower temperature coefficient, four times better than PV
 Optimized logistic and value chain management.
 Unique business model: Decentralized assembly/local content creation
 Industrialized ultra-fast installation and commissioning.
 Several additional technical advantages:
 continuous tracking, compact size, monocoque design, polymeric bearings,
MISPS sensor, hidden cables, easy to repair, etc.
 All these benefits configure a wining product for those regions with higher
solar radiation and daylight temperatures.
Pág. 3
CPVRS vs. PV
Calama
Loan/Investment
Feed-in tariff
EPC margin
0,00%
13 c€/kWh
18,00%
CPVRS072
PV Fixed
PV Single
N.A.
0,55
0,56
Peak power
1.098.846
1.125.000
1.192.500
Wp
CAPEX
1.926.093
1.723.887
1.872.320
€
per Wp
1,75
1,53
1,57
2.923.864
1.874.093
2.383.846
380.102
243.632
309.900
€/y
13.832
13.160
15.164
€/y
LEC
3,79
5,34
4,60
NPV
5.819.426
2.811.011
3.927.266
18,19%
11,77%
14,37%
Module price
Production
Revenue
OPEX
IRR
€/Wp
€/Wp
kWh/y
c€/kWh
€
Solar and climatic data from: Calama, Chile. 22°28' S, 68°54' W
Pág. 4
CPVRS 072
Pág. 5
CPVRS 072
Pág. 6
Four Key Patents
CPVRS
Low cost assembly system allowing for de-centralized
manufacturing at low tech. sites.
MISPS
Module integrated solar position sensor.
CPVLIS
CPV laminated interconnection system.
ICPVS
Integrated CPV advanced tracking system.
Pág. 7
Developing Two New Patents
Maintenance free slew drive
A compact slew drive for the azimuth axis which incorporates
polymeric maintenance free bearings and a new mechanical
solution for final drive transmission.
New CPV receiver concept
We are developing our own receiver in order to be able to chose
any CPV cell manufacturer (Solar Junction, Azur Space,
Spectrolab, etc.)
It has been seen in the relationship with Azur that one big problem
was the cost of their receivers, and therefore we have introduced
innovations which reduce the cost of this component.
Pág. 8
Simplified Field Installation
 Our technology allows a very fast and efficient field installation process and a
minimal environmental impact. We estimate that a well trained team of 10
employees can install 1 MW per day.
 Thanks to our exclusive aerial connection system ground works are minimized as no
trenches for cabling are required.
 Just a previous field cleaning is needed, no grading required: hilly ground sites can
be used.
 No concrete foundations are needed, as ground driven galvanized steel posts are
used instead. This minimizes the environmental impact on the ground, and facilitates
future dismantling once end of life is reached.
 Our systems are shipped completely assembled and tested from a local factory,
transported to the installation site using trailer trucks. On site, small cranes pick up
the CPVRS 072 systems and move them to their position within the solar farm,
where they are bolted to the previously driven posts.
 Finally, systems are inter-connected using aerial cables.
Pág. 9
Simplified Field Installation
Pág. 10
Unique Business Model
Our marketing strategy is strongly based on the CPVRS decentralized assembly concept,
protected by a patent.
Valldoreix Greenpower will focus on providing high tech components:
 SOG panels
 Receiver panels
 Tracker components
 Control system
 Inverters
These components will be provided as kits, together with a fully documented
manufacturing process, to licensed international partners who will be responsible for local
assembly and commercialization of the CPVRS systems.
So, our local partners are a key success element.
Pág. 11
Decentralised Manufacturing
Cell Provider
Metalsheet
SOG Panel
Tracker Components
OUTSOURCED
VGP
0.1 Receiver Manufacturing
1.1 Receivers Placement
1.2 Receiver Panel
Interconnection
2.1 SOG Panel Bracket
Assembly
3.1 Frame Assembly
2.2 SOG Panel
Characterisation
3.3 System Assembly
1.5 Receiver Panel
Characterisation
3.4 System Electrical Test
3.2 Cross Core Assembly
4 Solar Test
5 System Sealing
LOCAL PARTNER
6 Warehouse Curing
FIELD INSTALLATION
7 System Final Test
1.3 Receiver Panel
Lamination
8 Transportation
1.4 Receiver Panel Test
Ground Preparation
8 Post Driving
10 Installation
11 Interconnection
Pág. 12
Partner Program
Partners should cover a development program:
 Going through initial training.
 Building small pilot project, in the 20 kW order, using systems shipped fully
assembled from Europe.
 Going through extended training.
 Setting up local assembly facility.
 Executing a large pilot project, in the 1 MW order, as a local assembly roll-up effort,
using kit components shipped from Europe.
 Fulfil a business plan.
initial
training
small
pilot
xtended
training
factory
set-up
factory
roll-up
business
develop
ment
Pág. 13
Achievements
 First system prototype installed in June 2013
 Pilot manufacturing line for key components (receivers panels, SOG panels)
 Assembly facility for pilot projects
 Fully documented manufacturing process, ready for local partners
 Our own test site close to our offices and pilot line
 Pre-series of 10 systems manufactured and installed June/October 2014
 Systems reaching 30% STC DC conversion efficiency
 Debugging experience in testing site for more than 6 months
 Already signed with local partners from Egypt, Ghana and Brazil
 Negotiating with partners in Tunisia, Jordan, US, Mexico, Chile, Argentina, Colombia
 Abu Dhabi 100 kWp project
 Already dealing with multi-MW opportunities
Pág. 14
CPVRS test field near Barcelona
Pág. 15
30% STC System DC Efficiency
 23/5/2014 15:04 h
 P= 881 W; Vmp= 390 V; Imp= 2,263 A; Voc= 450 V; Isc= 2,496 A; FF=0,80
 DNI= 904 W/m2
Pág. 16
The Business Plan
BP 2015-2020 Snapshots
 Valldoreix Greenpower was founded in 2004 with the objective of developing products and
services related to the renewable energy industry.
 Developed Sol3g, a CPV pioneer company, which was sold to Abengoa in 2010.
 Since 2010 has developed a new CPV technology: the CPVRS system, now ready for
industrialization.
 Holding 4 patents on this system, developing two new patents at the moment for second
generation.
 Planed investment of 1,4 M € in 2015-2016 to reach 60 MW capacity, certify product and
marketing launch activities for the new product.
 Financial forecast for year 2020:
 CPVRS sales: 80 M €
 Total sales including additional products and services: 119 M €
 EBITDA: 13 M €
Pág. 18
BP 2015-2020 Snapshots
 This Business Plan is strongly focused on the business development of the CPVRS system, but
Valldoreix Greenpower has complementary services and products.
 Developed additional spin-off product lines: PVAST two axis PV trackers and HST small area
heliostats for CSP and hybrid CPV-CSP systems.
 Has a concept with a US provisional patent for an automated glass cleaning system, the
Cleandrone, which can be used for CSP, CPV and PV plants as a first application field.
 Has developed an energy control system: Watterflow, now being used to guarantee zero
injection in Spanish self-consumption installations.
 Has been selling engineering and consulting services and being in other PV business areas, like
distribution and retail.
 Turnover 240 K € in 2014. Shift from distribution and retail of PV products to commercialization of
engineering services and our new own products.
Pág. 19
CPV Market Forecast
TAM CPV
1.200
1.000
800
MW
600
400
200
0
2015
2016
2017
2018
2019
2020
Pág. 20
CPVRS Sales and Cost Evolution
CPVRS sales vs system cost
140,0
2,50
120,0
2,00
100,0
1,50
80,0
MW
€/Wp
60,0
1,00
40,0
0,50
20,0
0,0
0,00
2015
2016
2017
2018
2019
2020
Pág. 21
Company Forecast Sales/EBITDA
Pág. 22
CPVRS: Markets we Are Targeting
 Regions offering DNI > 1.800 kWh/m2
Pág. 23
CPVRS Investments 2015-2016
Industrialisation
Product qualification
Factory rollout
Sales and Marketing
IP protection
Task
Industrialisation
Product qualification
Factory rollout
Sales and Marketing
IP protection
TOTAL
Budget
449.290,00 €
136.600,00 €
376.988,57 €
330.128,00 €
120.200,00 €
1.413.206,57 €
Pág. 24
The Team
 Ricard Pardell, CEO and CTO
 Eric Martinez, Responsible for Mechanical Engineering and Manufacturing
 Daniel Bernal, Responsible for Electronics and Software Engineering
 Benjamí Vera, Responsible for PV Projects
 Diego Muñoz, Robotics Engineer
 Marina Garcia, Marketing and Communications
 Hector Acedo, Manufacturing Technician
 Juan José Moya, Manufacturing Technician
Pág. 25
Thanks for your time!
Ricard Pardell
CEO
mailto:[email protected]
Telephone:+34 935 836 163
Mobile:+34 626 243 989
Valldoreix Greenpower, S.L.U.
Carrer Segre, 2, nau 11
Polígon Industrial Can Calopa
08174 Valldoreix
Spain
http://www.cpvrs.com
http://www.valldoreix-gp.com
Pág. 26

Business Plan 2015-2020

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