1. Slide 1 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 David Anderson DG Research European Commission IB-POWER Kick-off meeting

2. Slide 2 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 1) FP7 (2007-2013) 2) Contractual issues 3) PV & Energy Policy

3. Slide 3 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 FP7 (2007-2013)

4. Slide 4 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 FP7 (2007 – 2013) Total budget €50bn (Fusion, fission & JRC nuclear activities covered in separate Euratom treaty €2.7bn)

5. Slide 5 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 Cooperation (€32.4 bn)

6. Slide 6 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 FP7: 2007 call ultra-thin silicon wafers & processingDG TREN improved production equipmentDG TREN thin-film crystalline silicon on glassDG RTD heterojunctions (a-Si, c-Si)DG RTD concentration photovoltaicsDG RTD intermediate bandgap cellsDG RTD dye-sensitised solar cellsDG RTD

7. Slide 7 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 FP7: 2008 call smaller call because budget partially spent in 2007 published 30 Nov 2007 (all info www.cordis.lu) deadline 26 Feb 2008 17:00 (1 st stage) Topics of potential interest for PV: ENERGY.2008.2.1.1: Enhancing strategic international cooperation initiatives in the field of concentration photovoltaics ENERGY.2008.10.1.2: Novel materials for energy applications ENERGY.2008.10.1.1: Future emerging technologies (FET)

8. Slide 8 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 FP7 Contractual Issues

9. Slide 9 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Upper funding limits

10. Slide 10 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Eligible Costs Eligible Actual/average personnel costs Incurred during duration of project In accordance with the usual accounting and management principles of beneficiary Recorded in the accounts of beneficiary Used for the sole purpose of achieving the objectives of the project Indicated in the estimated overall budget annexed to the GA Non-eligible (identifiable indirect taxes including VAT…)

11. Slide 11 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Direct costs No cost models All beneficiaries report all their real direct costs Those in AC in FP6 can claim their permanent personnel costs

12. Slide 12 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Indirect Costs 1)Real indirect costs / Simplified method 2)Standard flat rate of 20% of direct costs 3)Special transitional flat rate of 60% of direct costs for Non-profit Public Bodies, Secondary and Higher Education establishments, Research Organisations and SME unable to identify real indirect costs for funding schemes with RTD until 31/01/2009 * For CSA limit of 7% of direct costs Calculation = Flat rate * Direct costs - (subcontracting + resources from 3rd parties not used on the premises of the beneficiary)

13. Slide 13 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Average personnel costs Average personnel costs accepted if : Consistent with the management principles and accounting practices of beneficiary Identified according to a methodology approved by the Commission They do not significantly differ from actual personnel costs

14. Slide 14 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Certificate on financial statements Mandatory for a beneficiary when its cumulative EC contribution exceeds 375,000€ When the EC contribution is less than 375.000€, no CFS not even at the end of the project For projects of 2 years or less, no intermediate CFS. Obligation of submission only at the end if contribution ≥ 375.000€ and covering all eligible costs If a certification on the methodology is provided, no intermediate CFS, only at the end if contribution ≥ 375.000€ and covering all eligible costs

15. Slide 15 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Payment modalities Pre-financing (45 days after entry into force of GA=date of signature by EC) Interim payments based on financial statements (EC contribution= amounts justified & accepted * funding rate) Final payment

16. Slide 16 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Prefinancing Article 6 of GA: 45 days delay after entry into force of GA As indication, 160% of estimated average EU funding per reporting period (=max EC contribution/n° of periods) 5% of maximum EC contribution (Art. 5.1 GA) is transferred from the prefinancing to Guarantee Fund Coordinator is deemed to have received full prefinancing

17. Slide 17 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Interim payments Based on submission of periodic reports within 60 days after the end of each reporting period including: 1.Overview of the progress of work 2.Report on the use of the resources 3.Form C for each beneficiary (financial statement) 4.Summary Financial Report consolidating claimed EC contribution of all beneficiaries 5.Certification of costs if needed (cumulative EC contribution ≥ 375,000€) Community financial contribution corresponding to the amount accepted for each reporting period Prefinancing+Interim payments≤ 90% of max. EC contribution EC has 105 days after reception of reports to evaluate and execute the payment: EC may approve, suspend the time limit, reject (possible termination of the project) or suspend the payment

18. Slide 18 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Final payment Final reports to be submitted by coordinator 60 days after end of project: 1.Publishable summary report, conclusions and socioeconomic impact 2.Report on wider societal implications and a plan on use and dissemination of foreground 3.Forms C for each participant + Summary Financial Report 4.Report on the distribution of the EC contribution 30 days after receipt of final payment Final amount recovers 10%retention+5% to GF (if possible) Final total Community contribution ≤ Total eligible costs + Receipts

19. Slide 19 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Guarantee Fund No financial but technical collective liability Establishment of a participant’s Guarantee Fund to cover risks Amount of 5% of EC contribution GF covers operations with interests generated If interests are not sufficient, EC keeps 1% of EC contribution at final payment not from public bodies, legal entities guaranteed by a ME or Ac or secondary or higher education establishments

20. Slide 20 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Example Project duration: 3 years Reporting periods: P1: Months 1-12 P2: Months 13-24 P3: Months 25-36 Maximum EC contribution: 3,000.000 € Average EU funding per period: 1,000.000 € Prefinancing+Interim payments≤ 90% of EC contribution = 2,700.000€ Pre-financing (160%) → 1.6 Mio€ - 150,000€ to GF = 1,450.000€ 1st Interim payment 1Mio€ accepted, payment → 1,000.000€ 2nd Interim payment 1Mio€ accepted but paid already 2,600.000€ → Retention 10%=>2,700.000€ → 100,0000€ Final payment really paid 2,550.000€: 150,000+300,000+2,550.000 = 3,000.000€

21. Slide 21 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 Amendments Coordinator requests amendments on behalf of the consortium Coordinator can accept an amendment proposed by the Commission For addition/withdrawal of partner: tacit approval after 45 days

22. Slide 22 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 Energy Policy and Photovoltaics

23. Slide 23 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 GHG emissions reduced by 20% Renewable energy to 20% of consumption Bio-fuels to supply 10% of all transport fuel Energy efficiency increase of 20% EU Energy Policy: 2020 Targets Presidency Conclusions, Brussels European Council 8/9 March 2007

24. Slide 24 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU 2020 Targets: A closer look GHG emissions reduced by 20% Renewable energy to 20% of consumption Bio-fuels to supply 10% of all transport fuel Energy efficiency increase of 20%

25. Slide 25 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU GHG: Progress so far 20% GHG by 2020 “Greenhouse gas emission trends and projections in Europe 2006”, EEA Report 09/2006

26. Slide 26 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 Sustainable Emission Pathways 20% by 2020 “UN Human Development Report 2007/2008”, November 2007

27. Slide 27 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU 2020 Targets: A closer look GHG emissions reduced by 20% Renewable energy to 20% of consumption Bio-fuels to supply 10% of all transport fuel Energy efficiency increase of 20%

28. Slide 28 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU Renewable Energies: Progress so far 1990 2010 targets RES4.4%12% RES-e12.2%21% biofuels<0.3%5.75% 2020 target 20% - 10% 2010 expected 9% 18% <4.2%

29. Slide 29 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU Renewable Energies: Progress so far

30. Slide 30 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 EU Renewable Energies: Progress so far

31. Slide 31 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 PV and GHG Emissions “Environmental impacts of PV electricity generation - a critical comparison of energy supply options, E. A. Alsema”, et al, 21 st European PV Solar Energy Conference, Dresden, 4-8 September 2006.

32. Slide 32 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 PV Deployment in EU 2020: 50 to 150 GW: 1.5 to 4.5% EU ELC Future prospects: 10% in 2030, 30% in 2040

33. Slide 33 PERFORMANCE 2 nd General Assembly, Aix Les Bains, 17 January 2008 IBPOWER Kick-off Meeting, IES-UPM Madrid, 7 February 2008 Thank you for your attention