Professional Documents
Culture Documents
The views expressed in this presentation are those of the presenter and do not necessarily represent those of the Asian Development Bank.
Angelika Wasielke
Development of Wind
Energy Capacity EU
Mature Markets - Germany
Angelika Wasielke
Wind Measurements – Key for Success
Feed-In laws – the main instrument used in Europe to promote wind energy –
have the advantage of giving developers long-term stability and predictability and
have helped create three of the world’s largest wind energy producers. In the
European context, they have been more cost- effective than Quotas.
Tender-driven policies have major drawbacks and until now, there has been no
successful experience (in Europe) of tendering as the sole instrument of a
nationwide ambitious wind dissemination policy.
Grid Issues
A legitimate public authority to set rules and obligations and enforce them
in a way that will appear credible to investors;
A grid that has enough capacity and technical stability to accept large
amounts of wind energy without jeopardizing its security;
High electricity prices compared to which wind energy will be more easily
competitive;
2 KEY QUESTIONS
In Vietnam, or
Thailand?
Criteria for Investment Decisions
ASSESSMENT BY COMPARISON
FINANCIAL
Thailand Vietnam
Local Bank loans Limited to 60%, 10yrs Limited risk appetite/ cost
term/cost/risk
appetite ~%?
ASSESSMENT BY COMPARISON
LEGAL
Thailand Vietnam
Expert Development
Companies # 1-3 3-6
Contract
Enforceability
Reliable Uncertain
Land Rights
Very Difficult Effective