Environmental Engineering Reference
In-Depth Information
Germany
Purchase of
energy
BIT
Private Public Partnership
BOT / Concession
PPA
Morocco
(and
ONE)
Provision
of capital
Banks
SPV
Acceptance
of energy
Guarantee
institutions
Guarantees
European states
Fig. 1.3 Setup of the cooperation
operator, whereas an Availability Charge [
(
...
) for making their power station
'
available (
]
accrue.
249
A key element of a PPA lies in the fact that the private operator has the
demand risk because the purchaser pays irrespective of whether there is a public
need for the energy or not.
250
Morocco does have some experience with PPAs.
251
The difference between a PPA and a feed-in tariff is that the PPA does not regulate
the price independently of the demand. It is therefore essential to negotiate an
acceptable time frame for both parties and for the regulation to be comparable to a
PPA. Finally, it is essential that the SPV does not sell its energy directly to the end
consumer as ONE has the exclusive right of sale. Thus, the SPV must negotiate a
contract of acceptance of performance (e.g. a PPA between the SPV and ONE). The
complete contractual setup is highlighted in Fig.
1.3
.
...
)
] and a Usage Charge [
(
...
) for the cost of generating power (
...
)
'
'
'
1.5.5 Funding the Desertec Concept
There are several ways to fund this project. Although the public sector will be
reluctant or unable to provide extensive funds for the Desertec Concept, they may
provide some support. The kingdom of Saudi Arabia and the UAE have mobilized
around $800 million dollars to realize solar energy projects within Morocco.
252
249
RAL (
2010
), 6.
250
RAL (
2010
), 6.
251
RAL (
2010
), 24.
252
Moroccan Investment Development Agency (
2014
).
