Stormy Weathers in the European Wind Power sector how to keep the pace?
|
|
- Antonia McLaughlin
- 6 years ago
- Views:
Transcription
1 allocate International Management and Executive Search Consultants Stormy Weathers in the European Wind Power sector how to keep the pace? Dr. Jörg Fabri allocate International, Managing Partner Presentation at EcoSummit Düsseldorf, 15. November
2 Investment hot spot : more than $ 200 billion investment annually in Renewable Energy New investments in Renewable Energy New investments in Renewable Energy by sector Q to Q in bn. $ Comments Global new investments in renewable energies is app. $ 200 billion annually Since peak in 2011 decreasing volumes Share of wind investments is 33% VC/PE share stable at low level $ 8 bn. New class of investors entering renewables markets: low interest levels for low risk assets directs attention to renewables with infrastructure characteristics Initial growth to a large extend driven by subsidization and legal framework Is the Renewables sector prepared for further growth if subsidization is decreasing? Source: allocate, Bloomberg 2
3 Success story: wind power is becoming a significant pillar in the European power production Capacity figures wind Europe in MW Annual on and offshore wind installations in MW, Europe, 2001 to 2011 Breakdown European generation capacity mix (in %,2000 vs. 2011) Absolute MW 2 10 other PV Wind Large hydro Fuel oil Cumulative 94 GW Gas Nuclear Coal Significant pillar in Europe - Germany alone plans to add GW until 2030 However, recently significant challenges occurred to proceed with the projected pace in developing the wind power sector Source: EWEA, allocate 3
4 Huge growth ambitions: Germany has planned to install 25 GW until 2030 offshore Wind parks German North Sea (German economic zone only, AWZ) Wind parks and grid connections Status 4/2012 Investment needs Installation of 25 GW until 2030 planned More than 120 billion total investment (based on 4,5 mn. /MW) Planned/ approved offshore volume 50GW Central pillar of German power generation: 25 GW produce 17% of today s electricity demand (50 GW accounts for 33%) Key challenge: integration with the grid and transport to main consuming areas Very ambitious plans but problems increase with the implementation Studie "Daten zur Umwelt Source: CO2 Newsletter, Umweltbundesamt, allocate 4
5 Investors perspective: not all wind is the same onshore and offshore wind investments with different risk-reward profiles Bandwidths in wind investments KPI onshore offshore EPC Cost 000/MW ~1400 ~ Capacity Utilization 20-35% 30-45% Investment Cost /kwh ~80 46 c ~ c Operating Cost c/kwh c/kwh Debt Service Cover P Proj. Financial Leverage % % Equity P % 14 18% Attraction of different investors: infrastructure funds focusing on the low risk profile of Onshore Wind PE investors on high IRR of Offshore Wind (if the risk can be managed) 1 Site dependent 5
6 Investors are becoming increasingly reluctant towards wind power investments Investment uncertainties Risks Technical Subsidies Grid connection Operational Description Near shore/ 40+km offshore experiences uncovers a magnitude of unexpected problems (foundations, ship & employee bottlenecks, ) Deep water pioneer project BARD with big financial problems Feed in tariffs guaranteed for 10 year, planning cycles are 25 years Decreasing willingness to grant new subsidies, trend to reductions & caps Government tries to avoid another solar bubble due to over subsidization Sales risks, TenneT with problems to connect the wind parks to the grid Planned state guarantees still have to pass the parliament New annual grid plan will coordinate grid and generation build up Limited experience in true operational costs esp. maintenance. (manufactures often guarantee for 20 years only) Source: allocate Obvious high first mover risks in deep water offshore wind, grid uncertainties and reduced subsidization currently reduce investors appetite 6
7 Capital Markets view: Clean Energy Stock index has come back to the level of 2003 Performance of renewable stocks NEX Clean Energy Index, 2003 to 2012 How can Renewable Energy companies regain the confidence and backing from the Capital Markets? Source: Bloomberg 2012, allocate 7
8 Costs of offshore wind parks increase significantly with distance to coast & water depth but do the profits as well? Overview of investment per MW over exposure 1) Cost per MW installed [EUR m] 6 EUR 250m for 60 MW Lillgrund Egmond am Zee Nysted 1,8 1,9 1,5 Thanet 3,3 London Array 3,5 Horns Rev2 2,2 Thornton Banks Ph ,7 Belwind Borkum West II 3,7 3,6 Alpha Ventus 4,2 Official figures Will this be sufficient? BARD Global Offshore 1 Tech 1 3,5 3, Exposure 1) With more distance to coast the operational (wind) hours increase thus the higher investment might pay back by higher energy output per installed MW (but risks increase) Remark: other parameters such as turbine capacity not considered in this analysis Source: Company web pages; allocate research 1) Exposure = distance to coast [km] + water depth [m] 8
9 Decreasing subsidies and entering new life cycle phases change success factors in the wind industry significantly... Changing rules of the game Life cycle wind industry by segment illustrative - Euro Sales Offshore Life cycle phase Introduction Growth Maturity Saturation Critical success factors Innovation Onshore Profit Production Operational Excellence Time Sales Comments Readiness and willingness of governments to subsidize renewables decreases (esp. in Germany) New success factor need to be mastered due to the progress in life cycle Onshore entering maturity phase Offshore leaving pioneer phase Financial crisis has dramatically increased the equity required in the industry New strategies and operational concepts required to stay competitive Operational Excellence - Go to Market Strategy - Cash optimization are becoming key to stay in the game and to proceed with the growth 9
10 with significant implications for the industry Implications for manufacturers suppliers and operating/service companies Industry Concentration/ Consolidation i.e. reduction of the number of competitors Main implications Adaptation of Business Systems required Operational Excellence becomes key to sustainable profitability The wind power industry has to adopt consequently to the new conditions to maintain the attractiveness for required investments 10
11 Industry structure: Herfindahl index indicates that significant industry consolidation might be required to secure profitability Market concentration by selected industries Herfindahl index, 2011 Wind Turbine Airlines Scenario assumption: Top 3 players double their market shares Solar Modules 266 Degree of industry concentration not concentrated moderate high Scenarios indicate that top 3 wind players have to double its market shares to reach moderate industry concentration / competitive rivalry Remark: maximum Herfindahl-Index is
12 Business systems: industry players need to redefine their role in the wind power value chain Example: Owner-/ Operator stage of value chain Hardware e.g. turbines Owner- & Operatorship Services Other e.g. finance Lever Existing strategy type very high very high high moderate Identification & Feasibility Study Development and Planning Developer e.g. PNE Building Integrator e.g. RWE Owner- & Operatorship Extended Operator e.g. DONG Operator e.g. EnBW Pure owner e.g. Insurances Service businesses Different business models are applicable which require a match with their specific key success factors 12
13 Operational Excellence: future key to sustainable profitability in wind power Example with selected offshore KPIs mi n Projects Offshore Average max Target Project 3,6 CAPEX 1 Mio / MW 3,3 3,8 3,5 Limited bandwidth 25,5 OPEX / MWh 20,1 36,7 35,0 Manageable Wind yield in % % Huge deviation of manageable OPEX Operational Excellence with huge impact on profitability 1 includes contingencies Source: KPMG, allocate international 44 Site dependent 13
14 Operational Excellence: Minimizing total operating cost in wind power operations by a tailored maintenance strategy Example: Maintenance strategy wind parks Downtime by reason / components Optional maintenance strategies State based strategy Time/periodic based strategy Event/crash based strategy Mix Cost of repairs Total operating and maintenance cost Strategy 1 Strategy 2 Source: IWES, DEWI, allocate 14
15 allocate International supports clean energy companies across the whole set of their key challenges Activities Financing Portfolio development Total value equity Structures and processses Success in Clean Energy businesses Investment planning CF 1 CF 2 CF NPV = n 1+r 1+r 2 1+r n Business planning Operational Excellence PHEK PCB ECU plant Fixed costs PHEK fix PCB ECU Real value added Real value added ratio / - Total waste + Variable waste + Cost of rework Cost of shipping errors Cost per direct employee per hr x Time for reworking PCB ECU Average cost per shipping error x # of shipping errors Turnover PHEK PCB ECU plant Cost per inspection employee Cost of inspections x # of inspections Combining and implementing different key success factors in Wind Power 15
16 Thank you for your attention we would be pleased to discuss with you! Contact details for further discussions Dr. Jörg Fabri Managing Partner Management Consulting allocate International GmbH Plange Mühle 3 (Medienhafen) D Düsseldorf Tel.: Fax.: Mobil: jfabri@allocate.de Arnd Fabri Managing Partner Executive Search allocate International GmbH Plange Mühle 3 (Medienhafen) D Düsseldorf Tel.: Fax.: Mobil: afabri@allocate.de Anton J. Setter Partner Management Consulting allocate International GmbH Plange Mühle 3 (Medienhafen) D Düsseldorf Tel.: Fax.: Mobil: asetter@allocate.de 16
5 Killer Apps of Offshore Wind Prosperity
Southeast Coastal Wind Conference, 11 th September 2013 GL Garrad Hassan A Decade of Offshore Wind Experience Huge Potential How do we get there? 10 GW by 2020? 54 GW by 2030? 5 GW installed * * Inspired
More informationGunnar Groebler Head of Business Area Wind. Vattenfall Capital Markets Day, Solna, 19 September 2016
Gunnar Groebler Head of Business Area Wind Vattenfall Capital Markets Day, Solna, 19 September 2016 FACTS AND FIGURES BA WIND Business Area Wind, which is responsible for Vattenfall s wind power operations,
More informationReview of Support Mechanisms and Policy Options for Offshore Wind. Prepared by the Center for Wind Energy at James Madison University.
Review of Support Mechanisms and Policy Options for Offshore Wind Prepared by the Center for Wind Energy at James Madison University August 2012 Denmark Denmark s long-term target is to achieve complete
More information5th Annual Renwable Energy Finance in Practice 21 October Support Tendering - François van Leeuw CEO of Parkwind
5th Annual Renwable Energy Finance in Practice 21 October 2016 - Support Tendering - François van Leeuw CEO of Parkwind AGENDA 1. Introduction to Parkwind 1. Corporate Overview 2. Shareholders structure
More informationKerstin Rath Senior Trade Adviser UKTI Berlin 23 May 2013
Kerstin Rath Senior Trade Adviser UKTI Berlin 23 May 2013 1 UKTI Germanywe are 2 Trade Opportunities Germany Offshore 3 Germany is on your doorstep 4th largest economy in the world one of the most densely
More informationWind policy in Germany removing the bottlenecks for a continuing success story. Dania Röpke, Policy Advisor German Wind Energy Association
Wind policy in Germany removing the bottlenecks for a continuing success story Dania Röpke, Policy Advisor German Wind Energy Association 2011 03 16 Agenda The target: contrasting the government s and
More informationOffshore Wind Energy in Germany and Europe: Status Quo and Market Outlook. Andreas Wagner, Managing Director German Offshore Wind Energy Foundation
Offshore Wind Energy in Germany and Europe: Status Quo and Market Outlook Andreas Wagner, Managing Director German Offshore Wind Energy Foundation Agenda 1. German Offshore Wind Energy Foundation - Who
More informationHow to promote the necessary investment in the European energy transition?
How to promote the necessary investment in the European energy transition? Gerd Schräder Regulatory Affairs, RWE Innogy GmbH Energy transition: A multifaceted challenge for Europe 2 nd symposium 11 th
More informationNo. 19. Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company. Topics No. 19
No. 19 Topics No. 19 Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company 10 Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? Oliver Stein Oliver Stein
More informationEnergiewende. Drivers and Enablers for German Offshore Wind. Dr. Martin Schöpe
Energiewende Drivers and Enablers for German Offshore Wind Dr. Martin Schöpe BMWi Head of Unit IIA1 International Cooperation on Energy Hamburg, 25 September 2018 18-09-24 Referent 1 Source: Ecofys 2018
More informationDONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013
DONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013 Long-term vision: To supply reliable energy without CO 2 TODAY'S PRODUCTION FUTURE PRODUCTION 85% 15% 15% 85% DONG Energy has
More informationCONNECTION OF OFFSHORE WIND ONSHORE -- Some Food for Thought to Aid the Discussion at the Post-Conference Workshop
Deeper Water Offshore Wind Conference by GIC CONNECTION OF OFFSHORE WIND ONSHORE -- Some Food for Thought to Aid the Discussion at the Post-Conference Workshop Dr Chuan Zhang The Crown Estate, UK London,
More informationShow me the Money. Rabobank International. Marc Schmitz Rabobank December 20 th 2011
Show me the Money Rabobank International Marc Schmitz Rabobank December 20 th 2011 -How viable is the offshore wind sector? The history of onshore and offshore wind Onshore wind Started in 1985 with first
More informationReducing the cost of. risk improvement measures. ..an insurer s approach. There ain't no mountain high enough, Ain't no valley low enough,
2nd Spanish Wind Power Congress Madrid;June 28th 2016 0 There ain't no mountain high enough, Reducing the cost of Ain't no valley low enough, Ain't offshore no river wide wind enough by sharing To keep
More informationPNE WIND AG. Presentation December Buchholz wind farm
PNE WIND AG Presentation December 2011 Buchholz wind farm Agenda 1. PNE WIND AG at a glance 2. Business model 3. Market and strategy 4. Financials 5. PNE WIND AG share 6. Investment highlights Langwedel
More informationConference Call. Encavis AG Bold move into the PPA market. October 9, 2018
Conference Call Encavis AG Bold move into the PPA market October 9, 2018 2 BOLD MOVE INTO FAST GROWING PPA MARKET BY ACQUISITION OF GIGANTIC SOLARPARK TALAYUELA > Successful expansion of the business model
More informationVirksomhedsdag DDF. 12 June, 2013
Virksomhedsdag DDF 12 June, 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the
More informationDebt Investor Update Call. E.ON Cleaner & better energy. Dr. Marcus Schenck, CFO 24 November 2011
Debt Investor Update Call E.ON Cleaner & better energy Dr. Marcus Schenck, CFO 24 November 2011 Agenda Update on strategy & operations Financial highlights 2 E.ON s strategy to address key challenges Investor
More informationBack stop of performance guarantees in solar and storage
2 Back stop of performance guarantees in solar and storage Dr. Ronald Sastrawan Green Tech Solutions Special Enterprise Risks Corporate Insurance Partner Content 1. Green Tech Solutions within Munich Re
More informationClean Energy Investment Trends, 3Q , following in 2016's footsteps
Clean Energy Investment Trends, 3Q 2017 2017, following in 2016's footsteps Abraham Louw October 5, 2017 Wind Boost Investment in 3Q The third quarter of 2017 saw $66.9 billion invested in clean energy
More informationTWB II Municipal offshore wind financing. May 2017
TWB II Municipal offshore wind financing May 2017 TWB II Municipal offshore wind financing Table of contents 1. Who we are 2. Project overview 3. Equity story 4. Debt raising 5. Timeline 6. Take-aways
More informationIreland s. Offshore Wind Resource. An Export Opportunity. Presentation to IWEA Conference Brian Britton Secretary NOW Ireland 22 nd March 2012
Ireland s Offshore Wind Resource An Export Opportunity Presentation to IWEA Conference Brian Britton Secretary NOW Ireland 22 nd March 2012 1 Ireland s Offshore Opportunity Ireland has a number of opportunities
More informationEUROPEAN CLEAN ENERGY YIELDCOS 1H15
DATA INSIGHT REPORT cleanenergypipeline.com EUROPEAN CLEAN ENERGY YIELDCOS 1H15 TURQUOISE 1 This Data Insight Report analyses the fundraising and investment activities of European clean energy yieldcos
More informationOffshore Wind. Investing in the future of energy. Offshore Wind. North American Liquids Pipelines. U.S. Transmission. Natural Gas Utilities
Offshore Vern Yu Executive VP & Chief Development Officer Offshore Investing in the future of energy North American Liquids Pipelines U.S. Transmission Natural Gas Utilities Canadian Transmission & Midstream
More informationEndesa FY 2017 Results 28/02/2018
Endesa FY 2017 Results 28/02/2018 1. Highlights and key financial figures 2. Endesa s performance in 2017 market context 3. Financial results 4. Final remarks 2 1. Highlights and key financial figures
More informationChoosing Appropriate Incentives to Deploy Renewable Energy
Choosing Appropriate Incentives to Deploy Renewable Energy Workshop, World Bank Headquarters Global Head of Climate Change Investment Research Climate Change Advisors http://www.dbcca.com/research January
More informationThe policy and regulatory aspects of a bankable solar power project. Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner
The policy and regulatory aspects of a bankable solar power project Uzbekistan Energy Forum, London 18 April 2018 Louis Skyner Partner Contents 1. The restriction of subsidies and policy priorities. 2.
More informationRecurring (1) EBITDA -4% YoY to 911m Renewables and Brazil underlying growth offset by forex (-6%) and regulatory changes in Portugal (- 66m YoY)
0 Recurring (1) EBITDA -4% YoY to 911m Renewables and Brazil underlying growth offset by forex (-6%) and regulatory changes in Portugal (- 66m YoY) +0.6GW YoY additions of wind and solar capacity; renewables
More informationEconomic Impacts of New Jersey s Proposed Renewable Portfolio Standard Report Schedules
Economic Impacts of New Jersey s Proposed Renewable Portfolio Standard Report Schedules David E. Dismukes, Ph.D. Acadian Consulting Group 6455 Overton Street Baton Rouge, Louisiana 70808 December 16, 2005
More informationClean Energy Investment Trends, , challenging the highs of 2015
Clean Energy Investment Trends, 2017 2017, challenging the highs of 2015 Abraham Louw January 16, 2018 Solar Boom In China Boost Global Investment in 2017 Global clean energy investment was $333.5 billion
More informationVattenfall Q2 and H1 results 2015
Vattenfall Q2 and H1 results 2015 Magnus Hall, CEO and Ingrid Bonde, CFO Presentation 21 July 2015 Financial highlights SEK bn Q2 2015 Q2 2014 H1 2015 H1 2014 FY 2014 Net Sales 36.1 36.6 81.5 82.5 165.9
More informationFeed-in tariff determination Best practice and cross-country coordination
Feed-in tariff determination Best practice and cross-country coordination Dr. Corinna Klessmann, Ecofys 26 January 2012 9 th Workshop of the International Feed-in Cooperation (IFIC) Content I. Best practice
More informationTrading of Pumped Hydro Storages in ID Markets
Trading of Pumped Hydro Storages in ID Markets Continuous Optimization ID Price Forecasts Market Insights Strommarkttreffen Berlin,. Juni 28 Sebastian Braun, Senior Analyst Power Markets Introduction Education
More informationInvestor Update 2016» Delivering on strategy with strong business risk profile
Investor Update 2016» Delivering on strategy with strong business risk profile EnBW Energie Baden-Württemberg AG April 2016 EnBW is delivering on its promises New EnBW Strategy EnBW 2020 published One
More informationSiemens Energy: Renewable Energy Division
Siemens Energy: Renewable Energy Division René Umlauft CEO Renewable Energy Nuremberg, Safe Harbour Statement This document contains forward-looking statements and information that is, statements related
More informationThe Future of Offshore Wind Power Generation. Published:October 2011 No.Of Pages:136 Price:US $ Introduction
The Future of Offshore Wind Power Generation Published:October 2011 No.Of Pages:136 Price:US $ 2875 Offshore wind power is one of the newest major sources of renewable electricity generation to be developed
More informationWind Project Finance in China
Azure International Technology & Development (Beijing) Limited Wind Project Finance in China a quick snap-shot Sebastian Meyer Research Director Development activity Summary 2.6 GW installed Accelerating
More informationThe 2030 Energy & Climate Package for the EU: the challenges that lie ahead The utilities view
The 2030 Energy & Climate Package for the EU: the challenges that lie ahead The utilities view Dr. Hans Bünting CEO, RWE Innogy GmbH Brussels, 3 rd December 2014 RWE Innogy 04/12/2014 PAGE 1 New targets:
More informationThe development of offshore wind - The case of Denmark
9 February 2017 The development of offshore wind - The case of Denmark Camilla Holbech, Deputy Manager Danish Wind Industry Association Zooming in on the Danish wind industry More than 30,000 employees
More informationSustainable Energy Handbook
Sustainable Energy Handbook Module 6.1 Simplified Financial Models Published in February 2016 1 Introduction to simplified financial models The simplified financial model is a tool that enables to understand
More informationOffshore Wind in the UK January, 2010
Offshore Wind in the UK January, 2010 EDPR s debut in offshore wind and UK market Selected in the UK Round 3 to develop 1.3 GW of wind offshore capacity Expanding in size in a new technology and a new
More informationVolatility, risk, and risk-premium in German and Continental power markets
Volatility, risk, and risk-premium in German and Continental power markets Stefan Judisch Supply & Trading GmbH RWE Supply & Trading PAGE 0 Agenda 1. What are the market fundamentals telling us? 2. What
More informationUK s Offshore Transmission Regime:
UK s Offshore Transmission Regime: A case study for financing a low carbon future Stephanie McGregor Director Offshore Transmission June 2011 Today s presentation 1. Big picture 2. The OFTO 3. Making the
More informationFISHERMEN S ENERGY OF NEW JERSEY, LLC
FISHERMEN S ENERGY OF NEW JERSEY, LLC P. O. BOX 555 CAPE MAY, NJ 08204 USA 609-884-3000 www.fishermensenergy.com January 5, 2009 Mr. Lance R. Miller - Chief of Policy and Planning Mr. Michael Winka - Director,
More informationRWE continues to reshape its future
RWE continues to reshape its future Transforming RWE into a leading integrated renewable and conventional power generator Investor and Analyst Conference Call, 13 March 2018 Rolf Martin Schmitz Markus
More informationSupport regimes for offshore wind in Europe Florian Bauernfeind
Winter Academy 2018 Trading, Sales and Financing in the European Energy Market and Industry Support regimes for offshore wind in Europe Florian Bauernfeind Vattenfall Agenda 1. Wind Power in Vattenfall
More informationStatkraft Investor Update Q3 2018
Statkraft Investor Update Q3 2018 Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by Statkraft AS (the "Company").
More informationBridging the Valley of Death
Bridging the Valley of Death Addressing the scarcity of seed and scale-up capital for next generation clean energy technologies. Clean Energy States Alliance call, 18 December 2009 new energy finance,
More informationGlobal Offshore Wind Market
Global Offshore Wind Market Presented at: Wind Shipping and Logistics Conference Presented by Bruce Hamilton Navigant Copenhagen, Denmark March 12, 2015 2015 Navigant Consulting, Inc. D I S P U T E S &
More informationOffshore Wind Cost Reduction: Findings of The Crown Estate and the Cost Reduction Taskforce
Offshore Wind Cost Reduction: Findings of The Crown Estate and the Cost Reduction Taskforce BIEE Parker Seminar 10 th October 2012 Richard Howard, Chief Economist richard.howard@thecrownestate.co.uk CONTENTS
More informationAnalysis on the furthering of competition in relation to the establishment. wind farms in Denmark.
Analysis on the furthering of competition in relation to the establishment of large offshore wind farms in Denmark. Summary The Ministry of Climate and Energy April 28th 2011 1 Contents 1. Summary... 3
More informationLATEST TRENDS IN RENEWABLE ENERGY FINANCE
LATEST TRENDS IN RENEWABLE ENERGY FINANCE SCOTTISH RENEWABLES CONFERENCE, EDINBURGH ANGUS MCCRONE 19 MARCH 2014 TRENDS IN RENEWABLE ENERGY INVESTMENT 1 CONTENTS 1. World clean energy investment trends
More informationOffshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager
Offshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager Dan Towers 2004 Outline of presentation npower renewables (NRL) who we are? NRL s involvement
More informationSolar PV Business Models & Investment
Solar PV Business Models & Investment Singapore s Future Solar PV Strategies Conference 9 th April 2015 Presentation By: Shiva Susarla shiva.susarla@renergii.com About Singapore-based business and policy
More informationInnovation Solutions. Company Profile
Innovation Solutions Company Profile 2017-2018 About Us Al Yaquob Associates is a consulting office, founded in 2017, in Al Khobar, Saudi Arabia to offer investment and business consulting, financial advisory
More informationInvestor presentation, March 20th 2018
Investor presentation, March 20th 2018 Another year of strong results 2017 ANNUAL RESULTS BKW 20.03.2018 2 Growth achieved on all levels: revenue +5%, operating profit +10% and net profit +16% Strong operating
More information9M QUARTERLY STATEMENT Financial Year
9M QUARTERLY STATEMENT 2017 Financial Year Key Figures of the MVV Energie Group 1 Euro million Sales and earnings 1 Oct 2016 to 30 Jun 2017 1 Oct 2015 to 30 Jun 2016 % change Sales excluding energy taxes
More informationVolatility, risk, and risk-premium in German and Continental power markets. Stefan Judisch Supply & Trading GmbH 3 rd April 2014
Volatility, risk, and risk-premium in German and Continental power markets Stefan Judisch Supply & Trading GmbH 3 rd April 2014 RWE Supply & Trading 01/04/2014 PAGE 0 Agenda 1. What are the market fundamentals
More informationClean Energy Investment Trends, 2Q 2018 Wind investment in the U.S. spurs global clean energy in first half of year
Clean Energy Investment Trends, 2018 Wind investment in the U.S. spurs global clean energy in first half of year July 9, 2018 Wind investment in the U.S. spurs global clean energy in 1H 2018 Clean energy
More informationSMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017
SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017 Pierre-Pascal Urbon, CEO Ulrich Hadding, CFO March 28, 2018 Date, Author SMA Solar Technology AG Disclaimer IMPORTANT LEGAL
More informationINVESTOR PRESENTATION Q3 2018
INVESTOR PRESENTATION Q3 2018 7C Solarparken AG 2018 www.solarparken.com JULY 2018 1 INVESTOR PRESENTATION Q3 2018 EQUITY STORY 2 LONG-TERM CASH FLOWS, GROWTH AND DIVIDEND Pure-play owner-operator of PV
More informationGLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, ($BN)
GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, 2004 14 ($BN) Growth: 62% 54% 37% 18% -2% 33% 18% -8% -10% 17% 237 279 256 232 270 73 112 154 182 178 Corporate R&D Government R&D VC/PE Public
More informationTHE MOROCCAN RENEWABLE ENERGY MARKET OPPORTUNITIES FOR INVESTORS IN MOROCCO. - May 5th,
THE MOROCCAN RENEWABLE ENERGY MARKET OPPORTUNITIES FOR INVESTORS IN MOROCCO - May 5th, 2010-1 SUMMARY I MOROCCAN RENEWABLE ENERGY MARKET : STRONG II REGULATION AND FRAMEWORK III CONCLUSION Investing in
More informationTransforming RWE and securing a sound financial base. (as of December 2016)
Transforming RWE and securing a sound financial base (as of December 2016) Notice This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions
More informationTidal financing Lessons from offshore wind
Tidal financing Lessons from offshore wind Ocean Energy Europe - 22 November 2016 Clément Weber A specialist advisory boutique focused on renewable energy We get deals done Deep roots in renewable energy
More informationEskom 2018/19 Revenue Application
Eskom 2018/19 Revenue Application Nersa Public Hearings Klerksdorp 13 November 2017 Where we are coming from This revenue application is being made for the year 2018/19, after the Energy Regulator maintained
More informationSALES AND HIGHLIGHTS 2017 FIRST QUARTER
SALES AND HIGHLIGHTS 2017 FIRST QUARTER DISCLAIMER This presentation does not constitute an offer to sell securities in the United States or any other jurisdiction. No reliance should be placed on the
More informationGlobal Resilience Risk
Global Resilience Risk An Insurers Perspective WEC Energy Summit 16 March 2016 Jamie Summons, Head of Weather Solutions, Asia Pacific Swiss Re Weather Market Capability Global presence, market leadership
More informationE1/95. Green Evaluation TenneT Holding B.V. Green Bonds. Transaction Overview. Green Evaluation Overview. Overall Score. Transparency.
Green Evaluation TenneT Holding B.V. Green Bonds Transaction Overview TenneT Holding B.V. (TenneT) is a transmission system operator (TSO) headquartered in the Netherlands. On June 12, 2017, TenneT issued
More informationEndesa 9M 2017 Results 07/11/2017
Endesa 9M 2017 Results 07/11/2017 1. Highlights and key financial figures 2. Endesa s performance in 9M 2017 market context 3. Financial results 4. Final remarks 2 1. Highlights and key financial figures
More information9M 2017 results innogy SE 13 November 2017 Bernhard Günther CFO
9M 2017 results innogy SE 13 November 2017 Bernhard Günther CFO Notice This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and
More informationWind Mills of the Mind Delivering large scale offshore wind. Andy Kinsella CEO, Offshore September 3rd, 2012, Ballina
Wind Mills of the Mind Delivering large scale offshore wind Andy Kinsella CEO, Offshore September 3rd, 2012, Ballina Mountains of the Mind Delivering large-scale offshore wind energy The mountains one
More informationFOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017
FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 Antoine Cahuzac - Group Senior Executive VP of Renewable Energies and CEO of EDF Énergies Nouvelles Bruno Fyot COO of EDF EN Denis Rouhier CFO
More informationLeading provider of comprehensive energy and infrastructure services. 19th Swiss Seminar Kepler Cheuvreux
Leading provider of comprehensive energy and infrastructure services 19th Swiss Seminar Kepler Cheuvreux Agenda 19TH SWISS SEMINAR KEPLER CHEUVREUX BKW 22.03.2018 2 Overview Strategy Q&A Overview Key figures
More informationPNE WIND AG Investor Relations Presentation Updated March 30, 2017
PNE WIND AG Investor Relations Presentation Updated March 30, 2017 DISCLAIMER This presentation is for information purposes only and does not constitute a public offer or invitation to subscribe for or
More informationCRITIQUE THE OFFSHORE WIND INDUSTRY, IRELAND S OPPORTUNITY BRIAN BRITTON, NOW IRELAND MAY 2017
CRITIQUE THE OFFSHORE WIND INDUSTRY, IRELAND S OPPORTUNITY BRIAN BRITTON, NOW IRELAND MAY 2017 Slide Index Slide 2: Ireland s Problem - Offshore Wind the Solution Slide 3: Energy is now Centre Stage -
More informationInvestor presentation. December 2018
Investor presentation December 2018 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons
More informationNon traditional Insurance Solutions for Renewables. Corporate Insurance Partner Special Enterprise Risks (SER) - Green Tech Solutions (GTS)J
Non traditional Insurance Solutions for Renewables Corporate Insurance Partner Special Enterprise Risks (SER) - Green Tech Solutions (GTS)J Special Enterprise Risks (SER): Full support for your individual
More informationBalance sheet strength enables growth and value creation
Fortum - Power and heat company in the Nordic area, Russia, Poland and the Baltics Balance sheet strength enables growth and value creation Berenberg European Conference, Surrey 2 December 2014 Timo Karttinen,
More informationGreen growth policies for renewable energy: Reducing the cost of capital via state investment banks
D GESS Green growth policies for renewable energy: Reducing the cost of capital via state investment banks 2nd Conference on Financial Networks and Sustainability, Jan 17 2018, University of Zurich Dr.
More informationTHE ROLE OF ENERGY COMPANIES IN THE ENERGY TRANSITION LATEST INSIGHTS IN COST REDUCTIONS
THE ROLE OF ENERGY COMPANIES IN THE ENERGY TRANSITION LATEST INSIGHTS IN COST REDUCTIONS October 2016 EUFORES Copenhagen Martin Neubert Chief Strategy Officer DONG Energy Wind Power Green transformation
More informationAuctions for Renewable Energy Support
Auctions for Renewable Energy Support Jan Kreiss Takon GmbH Strommarkttreffen, Rapperswil 14. November 2018 Agenda 1. What are Auctions for Renewable Energy Support? Motivation 2. Where are such Auctions
More informationGLOBAL CLEAN ENERGY INVESTMENT TRENDS. ICCR event February 2015
GLOBAL CLEAN ENERGY INVESTMENT TRENDS ICCR event February 2015 Global gross annual capacity additions by technology, 2013-30 (GW) 400 350 Flexible capacity Solar thermal Small-scale PV 300 Utility-scale
More informationThe significance of a meshed offshore grid in the North Sea from an energy-economic perspective - The German experience Andreas Wagner
The significance of a meshed offshore grid in the North Sea from an energy-economic perspective - The German experience Andreas Wagner Managing Director Stiftung OFFSHORE-WINDENERGIE German Offshore Wind
More informationOFFSHORE WIND REFERENCES
OFFSHORE WIND REFERENCES OFFSHORE WIND PROJECTS We helped to realise over 8 GW of offshore wind projects United Kingdom Galloper - 340 MW Sheringham Shoal - 315 MW The Netherlands Borssele 1&2-700 MW Borssele
More informationOffshore wind finance 2016 update
Offshore wind finance 2016 update Energy Talk London, 8 December 2016 Project finance forum for offshore wind farms Table of contents 1. Green Giraffe 2. Evolution of the equity market 3. Evolution of
More informationPNE WIND AG OFFSHORE PROJECT ATLANTIS I SOLD. FIRST BERLIN Equity Research. Good start to PRICE TARGET P N
FIRST BERLIN Equity Research PNE WIND AG RATING Germany / Cleantech Good start to Primary exchange: Frankfurt PRICE TARGET 3.00 Bloomberg: PNE3 GR the new year Return Potential 43.8% ISIN: DE000A0JBPG2
More informationFinancing Renewables. EPG Summit, Prague. 3 December 2012
Financing Renewables EPG Summit, Prague 3 December 2012 The new paradigm This was then This is now Decarbonisation Value for money Ambitious goals Long-term policy GDP growth Market Policy Limited to no
More informationEarnings Call 6M 2018
Earnings Call 6M 2018 Encavis - well on track after the first half of the year 2018 Hamburg, 31 August 2018 2 6M 2018 ENCAVIS WELL ON TRACK 6M FY2018 Key Highlights > Favourable meteorological conditions
More informationMinimising Risk Maximising Return. Chanda Kapande Business Development Manager Wind Prospect
Minimising Risk Maximising Return Chanda Kapande Business Development Manager Wind Prospect Agenda Wind Prospect Wind energy in East Africa Sample Project & Financial model RIsks Wind Conclusions Performance
More informationDigitalisierung in der Energiewende am Beispiel der TenneT Blockchain-Piloten
Digitalisierung in der Energiewende am Beispiel der TenneT Blockchain-Piloten 21.11.2017 Ariette Franke - TenneT TSO TenneT a leading European TSO GRID > 22,000 km END-USERS > 41 Mio EMPLOYEES > 3000 INVESTMENT
More informationDeutsch-Dänisch-Schwedisch-Norwegische Kooperation, EU-Policy Workshop on Offshore Wind Energy Dr. Joachim Kutscher PtJ
Deutsch-Dänisch-Schwedisch-Norwegische Kooperation, EU-Policy Workshop on Offshore Wind Energy 2009 Dr. Joachim Kutscher PtJ GDSN - Cooperation: Aim Formation of a most flexible network for cooperation
More informationGLOBAL POWER SECTOR REFORM AND THE CASE FOR REFORM IN SOUTH AFRICA
GLOBAL POWER SECTOR REFORM AND THE CASE FOR REFORM IN SOUTH AFRICA 22 October 2018 PRESENTATION TO THE ABSA POWER, UTILITIES AND INFRASTRUCTURE INSIGHT SERIES Dr Grové Steyn 1 THE ORIGINAL RATIONALE FOR
More informationQUALITY CONTROL Prepared: D. Vree Reviewed: M. Müller Approved: F. Wester BACKGROUND MATERIAL...
POSITION PAPER STAKE HOLDER CONSULTATION PROCESS OFFSHORE GRID NL Type: Position paper Work stream Technical Topic: T.6 Protection Filename ONL 15-080-T6_Protection_PP_v1 Version 1 - release for Expert
More informationEDP RENOVÁVEIS. João Manso Neto, CEO EDP Renováveis
EDP RENOVÁVEIS João Manso Neto, CEO EDP Renováveis #4 worldwide wind player EDP Group company focused on wind and solar investments 77.5% EDP SHAREHOLDING 4,412 MW 5,091 MW Leader in the most competitive
More informationActual neighborhood of Sunrun customer homes
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements
More information2012 results and 2020 strategy. 27 February, 2013
2012 results and 2020 strategy 27 February, 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available
More informationCapital Stage AG: Strategic Partnership with Solarcentury. November 2, 2017, 11:00 CET
Capital Stage AG: Strategic Partnership with Solarcentury November, 07, :00 CET Benefits of the partnership with Solarcentury Access to exclusive pipeline of. GW solar PV over years European assets of
More informationCapEx, OpEx, Feasibility. Houston Workshop Nov. 29, 2007 Uwe Roeper, President, ORTECH
CapEx, OpEx, Feasibility Houston Workshop Nov. 29, 2007 Uwe Roeper, President, ORTECH ORTECH Power Wind Consulting: Technical & Financial Advisors Affiliated with DEWI German Wind Energy Institute Wind
More informationINDUSTRIAL PLAN TARGETS UPDATE OCTOBER 1, 2013 LONDON, UK DISCOVER THE NEW GREEN ERA TERNIENERGIA INVESTOR BOOKLET
DISCOVER THE NEW GREEN ERA TERNIENERGIA INVESTOR BOOKLET DISCLAIMER This presentation contains statements that constitute forward-looking statements based TerniEnergia SpA s current expectations and projections
More information