Trends in PV O&M pricing. Jenny Chase

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Transcription:

Trends in PV O&M pricing Jenny Chase December 6, 2018

Average price for full-scope PV O&M in Europe for a fixed-axis system EUR/MW/year -73% 35,000 28,000 21,700 19,500-28% 13,000 9,350 2011 2012 2013 2014 2016 2017 Source: BloombergNEF. Note: Full-scope O&M contract includes monitoring, periodical maintenance, panel cleaning (once a year), vegetation control (once a year) and corrective maintenance. 1 <Insert footer with Change Presentation or Update Footer Text >

Average full-scope O&M price build up in Europe in 2017 for a fixed-axis PV system Euros/MW/year 2,250 11,600 +3,250 9,350 +2,650 +1,150 +1,020 1,280 Monitoring PM Panel cleaning Vegetation control CM Full-scope contract Technical AM O&M+ Technical AM Source: BloombergNEF.. Note: PM Periodical maintenance; CM Corrective maintenance, AM Asset management. Assumes once-a-year cleaning and vegetation control. Technical asset management includes reporting on plant performance and the management of warranties, regulatory compliance, insurance claims and contract management. 2 <Insert footer with Change Presentation or Update Footer Text >

Price and scope of O&M contracts signed in 2017 EUR/MW/year 40,000 <5MW >10MW >50MW 35,000 30,000 >5MW 25,000 20,000 15,000 10,000 5,000 0 0 1M M2 M3 4M 5M 6M 7M 8M 9M 10 M 11 M 12 M 13 M 14 M 15 M 16 M 17 M 18 PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM S C CM C CM CM CM CM SM CM CM CM CM CM CM CM VC VC SM S C SC SM SM SM S SM SM SM VC VC VC S C S S C S SC SC V C VC VC C C S Contract scope VC VC C France Germany Italy Portugal Spain U.K. VC Americas APAC MENA Unknown Europe Single-axis tracking Source: BloombergNEF. Note: Bubble sizes represent project capacity. M-Monitoring, PM-Preventive maintenance, CM-Corrective maintenance, SM-Spare part management, SC-Spare part costs, S-Security, C-Cleaning, VC-Vegetation control. 3 <Insert footer with Change Presentation or Update Footer Text >

Percentage of surveyed portfolio by different cleaning methods Tractormounted cleaning 66% Manual cleaning 26% Robotic cleaning 8% Source: BloombergNEF 4 <Insert footer with Change Presentation or Update Footer Text >

Our research shows O&M contracts have got cheaper due to competition, consolidation of providers and a reduction in willingness to pay due to lower power prices Corrective and periodic maintenance are the largest components of cost There is still considerable variation in the prices of contracts between European countries There is considerable cost reduction potential in O&M. Predictive maintenance and monitoring are relatively early stage, and robotic cleaning used in only about 8% of projects. 5 <Insert footer with Change Presentation or Update Footer Text >

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