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Renewable Energy Investment Insights: A Comparative Analysis of Macedonia and Canada

This presentation by Mrs. Snezana Miteva-Mathonet explores the opportunities in renewable energy and energy efficiency within Macedonia and Canada. It discusses how existing resources can be leveraged for greater value, the potential for renewable energy projects, financial analyses of solar PV investments, and the contrast between different regulatory environments. By examining case studies, including a solar photovoltaic project in both countries, it offers actionable insights for investors looking to capitalize on green energy trends and enhance sustainability.

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Renewable Energy Investment Insights: A Comparative Analysis of Macedonia and Canada

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  1. Energy efficiency and renewable energy knowledge in companies by Mrs Snezana MITEVA-MATHONET www.makbel.com Free Powerpoint Templates

  2. INVEST – Easier to say it than to do it! • To invest or not to invest! • How could I use my existing business, use what I have, and still create bigger value and more benefit? • What should I do to get more from what I already have? • “Out of the Box” thinking attitude • A short comparison of a solar photovoltaic project in Macedonia and Canada

  3. I. INTRODUCTION • Investments in own field of business • Buildings, machines, people, synergies… • “Passion Investments” • 10% to 20% of investors’ assets • Investments in the renewable energies • wind, geothermal energy, biomass, biogas, micro turbines and solar energy

  4. II. RENEWABLE ENERGY IN MACEDONIA • Macedonia as a candidate country to the EU, aims: • to harmonize its policies, laws, regulations and standards • to promote energy conservation and energy efficiency • to increase the share of electricity produced from renewable energy sources • to reduce energy consumption, reduce energy bills and increase savings

  5. II. RENEWABLE ENERGY IN MACEDONIA • The potential for use of renewable energy sources in Macedonia is underutilized: • Low awareness of the economic benefits of Energy Efficiency and Renewable Energy • Limited development of a local energy services industry • Focus on Photovoltaic’s • Industrial buildings • Longer term benefit from the FIT cash back scheme

  6. III. RENEWABLE ENERGY IN CANADA • Vast and varied natural resources including massive supplies of water, solar, wind and biomass • Endless water resources – 1/5 of the world's fresh water, and is surrounded by three oceans • Wind resources - long coast lines and huge land mass • Solar power - the land of the midnight sun • Bio energy - forests cover 35% of Canada's land mass

  7. III. RENEWABLE ENERGY IN CANADA • Excellent infrastructure, an integrated transportation network, advanced manufacturing expertise, a highly-skilled workforce • Progressive regulatory systems and long-term “green” government policies, generous R&D and tax incentives • Top destination for “green” investments • Focus on Photovoltaic’s • over 150 solar energy organizations • Average annual market growth for PV has been over 20%

  8. Feed-in tariffs for different energy sources in Macedonia and Canada

  9. IV. FINANCIAL ANALYSESA. Example of 50 kWp solar PV roof-top project in Macedonia • Starting parameters: • Roof-top - 1.000 m2 ; power - 50 kWp ; irradiation - 1.400 kWh/kWp • Annual electricity production: • 50 kWp x 1.400 kWh/kWp = 70.000 kWh / year • Mean earnings per year: • 70.000 kWh/y x 0.30 €/kWh (FIT) = 21.000 €/y • Cost for the installation: • 50 kWp x 3.400* €/kWp = 170.000€ • *70% of the costs are for the equipment

  10. IV. FINANCIAL ANALYSES • Investment: • 170.000€ total investment • 30 % own investment = 51.000 € • 70 % bank loan = 119.000 € • Bank credit: • 119.000 € • 15 years • 8% annual rate • 13.902,72 € annual fee (1.158,56 €/month) • *10% Tax on profit

  11. IV. FINANCIAL RESULTS for 25 years • 21.000 € - annual revenue • Minus costs for: O&M, credit rate (capital and the interests), and tax on profit of 10% • 260.000 € - after tax profit • 140.000 €. - net cash • 15 years - Feed-in tariffs • 25 years – installation and panels guaranties • 35 years - license for electricity producer (ERC)

  12. IV. FINANCIAL RESULTS for 25 years

  13. IV. FINANCIAL RESULTS for 25 years

  14. IV. FINANCIAL ANALYSESA. Example of 50 kWp solar PV roof-top project in Canada • Starting parameters: • Roof-top - 1.000 m2 ; power - 50 kWp ; irradiation - 850 kWh/kWp • Annual electricity production: • 50 kWp x 850 kWh/kWp = 42.500 kWh / year • Mean earnings per year: • 42.500 kWh/y x 0. 5065 €/kWh (FIT) = 21.526 €/y • Cost for the installation: • 50 kWp x 3.800* €/kWp = 190.000€ • *70% of the costs are for the equipment

  15. V. CONCLUSIONS • Comparing the FIT: • Macedonia = 0.3 €/kWh • Canada = 0.5065 €/kWh • Comparing the solar irradiation: • Macedonia = 1.400 kWh/kWp • Canada = 850 kWh/kWp • Comparing the mean earnings per year: • Macedonia = 21.000€/y • Canada = 21.526 €/y • Comparing the cost for the installation: • Macedonia = 170.000€ • Canada = 190.000€

  16. V. CONCLUSIONS • Is it really so much better to invest in Canada than in Macedonia? • Why there are not enough investments in Macedonia? • In which other investment sector the investor can get 22% interests on his investment? • It’s up to you to check it!

  17. Thank you For your attention! Snezana Miteva-Mathonet General Manager www.makbel.com miteva-mathonet@makbel.com

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