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Finance and Incentives

Residential Energy Efficiency Credit Line (REECL) 3 in Bulgaria

Submitted by Baerbel Epp on October 16, 2016

The European Bank for Reconstruction and Development (EBRD) has relaunched its more than ten years old financing facility for energy efficiency measures REECL. REECL 3 provides EUR 20 million for loans for incentive grants to private home owners, apartment owner associations and ESCO companies. Borrowers who have successful implemented energy efficiency measures or installed renewable energy facilities like solar water heaters can get between 10% and 20% of their loan amount as incentive grant.

Effective Date: 
Thursday, September 1, 2016

Nicaragua: Soft Loan to Fund EUR 4 Million Project

Submitted by Baerbel Epp on October 14, 2016
Hospital ManaguaThere is now nothing in the way of constructing an impressive solar heating and cooling installation in Nicaragua. At the end of September, the last signatures were placed under the contract documents for a 4,450 m² collector field which will supply air conditioning and warm water to the Hospital Militar Escuela Dr. Alejandro Dávila Bolaños in Managua (see photo), the capital city of the central American nation. “Installation work will start in January 2017, and commissioning is planned for the second quarter of next year,” was how Christian Holter, Managing Director of S.O.L.I.D, outlined the ambitious plan. The Austrian turnkey system supplier had been struggling for over three years to receive financing for the 4 million EUR project in form of a soft loan, a financing instrument for developing countries.
Photo: Hospital Militar Escuela Dr. Alejandro Dávila Bolaños
 

Moldova: Tender Invitation to Attract Collector Producers

Submitted by Baerbel Epp on October 12, 2016
MoldovaThe Moldovan Agency of Energy Efficiency (AEE) and the country’s Ministry of Economy have jointly announced a tender invitation to companies which would like to start their own solar collector production in Moldova. According to a news article published on 28 September on Russian Mail website mail.ru, the invitation will be made in mid-October. The project will be funded by the Moldovan government as well as a private investor. The map shows the country of Moldova, which is situated between Romania and Ukraine and has a population of around 4 million.
Map: Wikipedia
 

Solar District Heating: Good Performances All Over Europe

Submitted by Baerbel Epp on October 4, 2016
Crailsheim Monitoring ResultsThe 4th International Solar District Heating (SDH) Conference, which had been organised under the auspices of Horizon 2020 project SDHp2m…from Policy to Market on 21/22 September 2016 in Denmark, showed the importance of analysing real-life monitoring data from European SDH plants, with one conference session (Advanced SDH systems II) dedicated exclusively to the topic. These kinds of comparisons enable an understanding of the actual performance of such large collector fields and offer an opportunity for optimising power output and for creating best-practice examples of new plants. For example, the chart displays ten years’ worth of monitoring data from the German plant in Crailsheim, which has met solar yield expectations. 
Source: Attached SDH conference presentation from ITW
 

IEA SHC Task 50: Lighting Industry Explores Contracting Solutions

Submitted by Baerbel Epp on October 3, 2016
Now!LED technology has greatly changed the face of the lighting market: In just a few years, lighting systems have become twice as efficient and half as expensive. These changes have resulted in a large but often untapped cost- and energy-saving potential in commercial buildings. The research in Task 50 of the IEA Solar Heating and Cooling programme, Advanced Lighting Solutions for Retrofitting Buildings, has shown that the lighting industry is increasingly exploring opportunities for the use of contracting instead of leasing solutions to convince customers of retrofits. According to Marc Fontoynont, Professor at the Department of Energy Performance at Aalborg University, Denmark, and subtask leader of Market and Policies, there is a growing number of specialised companies which offer contracting models for lighting solutions, such as Austrian manufacturer Zumtobel has done with its contracting plan Now! (see chart). All in all, these contracting solutions are less complex than the ones for heat.
Chart taken from now.zumtobelgroup.com
 

India: Industry Demands Equally Assertive Solar Thermal Publicity

Submitted by Baerbel Epp on September 20, 2016
India REI 16 PanelThe Indian government should provide the same assertive publicity for solar thermal technology as it had for solar PV because the population still needed to be made aware of the benefits of solar water heating. This was the major concern raised during the panel discussion Policy and Regulatory Framework for Solar Water Heater Market Development in India moderated by Jaideep Malaviya (third from right), Secretary General of the Solar Thermal Federation of India (STFI). Five industry representatives took part in the event held during the Renewable Energy India Exhibition and Conference 2016 near New Delhi at the beginning of September (from left to right): Rigal Patel (Redsun Solar), Bhoovarahan Thirumalai (Aspiration Energy), Devinder Kaushal (Inter Solar Systems), Saurabh Bhandari (Solarmaxx) and Chandrakant Shah (Kosol Hiramrut Energies).
Photo: STFI
 

South Africa: Solar Green Beer Production Creates High IRR

Submitted by Baerbel Epp on September 14, 2016
CBC Installation South AfricaSouth Africa’s solar process heat installations remain profitable when they have to compete against other heat sources, such as diesel, paraffin, petrol or gas, the Centre for Renewable and Sustainable Energy Studies (CRSES) at Stellenbosch University, South Africa, has concluded in a recently published paper. The researchers at the CRSES conducted a feasibility study of a 120.7 m² collector field that was to cover 60 % of the existing hot water requirements of Cape Brewing Company (CBC) based in Suider-Paarl, Western Cape, and analysed ten proposals submitted after the company’s invitation to tender in January 2015. South African E3 Energy won by offering an installation with a levelised cost of energy of 7.9 EUR cents/kWh, an internal rate of return of 16.7 % and a payback period of 9.3 years. CBC´s daily hot water demand is estimated to be 7,000 litres at 85 °C during 245 days a year, i.e., during a full year except for weekends, public holidays and two weeks of summer holidays. The system went into operation in November 2015 and the COO of CBC, Andy Kung, seems satisfied with the performance and the energy saving it offers. 
Still image taken from the short film
 

India: Tax Reform May Lead to System Price Increases

Submitted by Baerbel Epp on September 6, 2016
Gujarat Borosil Glass WorksIn India, there are multiple indirect taxes levied on most transactions. These taxes are divided into those collected by the federal government and the ones collected by state authorities. At the beginning of August, the Indian parliament passed the Goods and Services Tax (GST) Bill, which aims for a radical overhaul of the country’s tax system by merging federal, state and local taxes and turn India into a “single-tax” country. The GST is expected to improve the way business is conducted, make foreign investment more attractive and increase the gross domestic product by between 1.5 and 2 %. But the renewable energy industry may take a hit, according to statements from members of the Solar Thermal Federation of India (STFI). All tax incentives will end under the new GST regime, which is to be implemented by 1 April 2017.
Photo: Gujarat Borosil Glass Works
 

Germany: Today’s System Suppliers Wary of Fixed-Price Marketing Campaigns

Submitted by Baerbel Epp on August 8, 2016
Sonnenkraft Advertising 2005 and 2015The German solar thermal market is still stuck in recession. Although incentives are higher than they have ever been, demand has not really picked up over the first five months of this year, according to the market statistics by the two associations BSW Solar and BDH. The total collector area sold until the end of May was again down by 5.3 % compared to the previous year, although vacuum tubes have been more strongly affected by the slump (-18 %) than flat plate collectors (-4 %). Installers are viewed as the bottleneck in the supply chain and an increasing number of solar thermal suppliers have run advert campaigns to try and reach end customers on their own. Solarthermalworld.org has already reported on the new end-customer sales strategies employed by Thermondo. This article describes how the campaigns of another German system supplier, Sonnenkraft, have changed over the years. The image depicts an advertisement for the campaign from 2005 (left) and one from 2015 (right).
Image: Sonnenkraft
 

Switzerland: Solar Thermal Market Decline, Unclear Policy Situation

Submitted by Baerbel Epp on July 28, 2016
In 2015, the solar collector area newly installed in Switzerland shrunk by 16 % compared to 2014. Imports outperformed domestic production, and larger systems for multi-family and commercial buildings, particularly those with vacuum tubes, have gained market shares. These are some of the key findings of the annual study published by the Swiss Federal Office of Energy (see attached study in German and French). Some cantons will completely halt incentives for solar heat because of budget restrictions. 
 

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