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Alternativenergy New frontiers for alternative energy Reid Buckley, Vice-President, BP Alternative Energy.

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Presentation on theme: "Alternativenergy New frontiers for alternative energy Reid Buckley, Vice-President, BP Alternative Energy."— Presentation transcript:

1 alternativenergy New frontiers for alternative energy Reid Buckley, Vice-President, BP Alternative Energy

2 alternativenergy Energy demand Billion tonnes oil equivalent - Reference scenario represents business-as-usual - Alternative scenario assumes all climate change and energy security policies now being considered by governments are adopted Source: IEA World Economic Outlook 2007

3 alternativenergy CO 2 emissions Billion tonnes CO 2 Reference scenario represents business-as-usual 2°C scenario shows IEA calculation of path needed to prevent temperatures rising 2°C over pre-industrial levels Alternative scenario assumes all climate change and energy security policies now being considered by governments are adopted Source: IEA World Economic Outlook 2007

4 alternativenergy Energy drivers Demand High energy prices Energy security Climate change

5 alternativenergy Energy criteria Availability Affordability Reliability Sustainability

6 alternativenergy Alternative energy Low-or-no carbon Plentiful Secure Increasingly attractive economically Id put my money on the sun and solar energy. What a source of power! I hope we dont have to wait until oil and coal run out before we tackle that. Thomas Edison, 1931

7 alternativenergy Policy support for alternative energy Policy targets in 66 countries Feed-in tariffs in 37 countries Mandates for biofuels in 17 countries Source: Ren21 Global Status Report 2007, Renewable Energy Policy Network

8 alternativenergy 8 Alternative energy: the market today Demand growth p.a. since 2001 Sources:Primary energy based on IEA WEO reference scenario. Renewables based on New Energy Finance Total Primary Energy WindSolarBiofuels % Global new investment in clean energy Grossed-up estimate based on disclosed deals. New investment only. Source: New Energy Finance % Growth 58% Growth 91% Growth $28.6bn 2004 $54.6bn 2005 $86.5bn 2006 $148.4bn $bn 150

9 alternativenergy 9 Alternative energy: the market today Demand growth p.a. since 2001 Sources:Primary energy based on IEA WEO reference scenario. Renewables based on New Energy Finance Total Primary Energy WindSolarBiofuels % Global new investment in clean energy Grossed-up estimate based on disclosed deals. New investment only. Source: New Energy Finance % Growth 58% Growth 91% Growth $28.6bn 2004 $54.6bn 2005 $86.5bn 2006 $148.4bn $bn 150 Jobs in renewable energy – 2,400,000

10 alternativenergy Proportions of world energy today

11 alternativenergy US wind capacity - beating the projections EIA projection from 2004 GW Actual capacity end-2007

12 alternativenergy BP Alternative Energy

13 alternativenergy BP Alternative Energy: a growing global business Investing $1.5bn in 2008 – as much as in previous two years combined Solar PV facility / market Wind power Hydrogen power Biofuels facility / market Gas fired power

14 alternativenergy 14 BP Alternative Energy: solar power 30 years experience, 20 offices, employees, installations in 160 countries. Manufacturing facilities in Frederick US, Bangalore, Madrid, Xian and Sydney. Expecting to grow 60%+ by Expanding production to achieve target sales of around 800MW with similar levels of production by 2010 Includes $97m expansion at Frederick – largest integrated solar manufacturing plant in US Advanced Mono² process; support for research projects

15 alternativenergy 15 BP Alternative Energy: wind power MW 30 MW 1GW 3GW Expected installed gross capacity US land portfolio with potential for 15GW

16 alternativenergy 16 BP Alternative Energy: wind power Built: Colorado: Cedar Creek wind farm with partner Babcock & Brown – 300MW Dhule, India - project built with partner Suzlon – 40MW Netherlands: Two farms – total 30MW Under construction: Indiana: Fowler Ridge wind farm with Dominion – Phase I - 400MW Texas: Silver Star project with Clipper - 60MW; Sherbino project with NRG Energy - 150MW Kansas: Flat Ridge farm with Westar Energy - 100MW California – re-powering Edom Hills – 20MW

17 alternativenergy 17 BP Alternative Energy: biofuels Producing good biofuels – which reduce emissions and enhance security without damaging habitats and forests $1bn investment in Brazilian ethanol – made from sustainable sugar-cane - the most efficient feedstock currently available - greenhouse gas emissions reductions of up to 80% Working with DuPont to demonstrate biobutanol Investing $500 million over 10 years in the Energy Biosciences Institute to explore advanced biofuels and other applications of biotech to energy

18 alternativenergy BP Alternative Energy: hydrogen energy Concept for Abu Dhabi power station

19 alternativenergy New policies on alternative energy Climate high on agenda for G8 and UN Climate summit in Copenhagen December 2009 Carbon price of up to $60 projected by 2012* National legislation or proposals underway in many countries *Source: New Energy Finance

20 alternativenergy 20 Alternative energy: future market drivers Demand growth p.a E % Total Primary Energy WindSolarBiofuels Sources:Primary energy based on IEA WEO 2007 reference scenario. Renewables based on New Energy Finance Source: New Energy Finance, Nov 2007 Global new investment in Clean Tech forecast $bn $148bn $2-3trn

21 alternativenergy Solar potential – Central America

22 alternativenergy Wind potential – Central America

23 alternativenergy New frontiers for alternative energy Reid Buckley, Vice-President, BP Alternative Energy


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