Kerstin Rath Senior Trade Adviser UKTI Berlin 23 May 2013

Size: px
Start display at page:

Download "Kerstin Rath Senior Trade Adviser UKTI Berlin 23 May 2013"

Transcription

1 Kerstin Rath Senior Trade Adviser UKTI Berlin 23 May

2 UKTI Germanywe are 2

3 Trade Opportunities Germany Offshore 3

4 Germany is on your doorstep 4th largest economy in the world one of the most densely populated countries in the world 7th rank (competitiveness report) Reliable political and legal conditions Highly developed infrastructure, easy access from the UK and to Eastern and Western Europe EU legislation facilitates market penetration English widely spoken, accepted in business, UK exchange rate good for exports Germany UK s number one European export market and number two world-wide Leading trade fair location in the world: 2/3 of the international trade fairs take place in Germany/organised by German fairs 4

5 Facts about Germany Population: 82 million Working Population: 40.8 million 16 Federal States 5

6 Take advantage of the experience of the UKTI Germany Energy Team and benefit from sector opportunities 6

7 Energy & Renewable Sector Overview Energy remains the most important investment sector The electricity and gas markets have been liberalised The German Renewable Energy Sources Act ensures investment security due to favourable feed-in tariffs Over 235,000 people are employed in the conventional and 378,800 people in renewable energy sector. Industry focus remains on sustainable development, energy efficiency and modernisation (7% growth). Major German sector players show increasing interest in foreign markets. 7

8 Energy Sector Opportunities Throughout the sector especially innovative and niche products and services Due to increased cost pressure readiness to source internationally Due to complexity of the sector challenges there is interest in joint product development, joint project work and research co-operation Nuclear exit (immediate shutdown of 8 nuclear and phase out remaining 9 by 2022) offers opportunities in decommissioning as well as maintenance services. Nuclear exit lead to investment in conventional power plants (focus on combined gas & steam, combined heat & power) to balance unpredictable renewable production Multiple opportunities due to ambitious energy roadmap (grid expansion, 3 major electricity highways planned) Opportunities throughout the offshore sector, fuel cells, geothermal, energy storage and green technologies 8

9 The German offshore sector 9

10 What will be covered in the presentation? When, how and where did offshore start in the German market? Offshore 2010 North Sea Map Offshore North Sea Map Offshore 2013 Baltic Sea Map Offshore Harbours Why go offshore in Germany? Targets and Potential Current Situation Projects Relevant Trade Fairs and Industry Events & useful websites 10

11 11

12 Offshore opportunities in the North Sea

13 13

14 14

15 15

16 Why go offshore in Germany? Higher and more stable wind speed compared to onshore Limited suitable locations for onshore wind Reduce dependence on fossil fuels and replace by renewables Strengthening of the costal regions Creation of new jobs 16

17 Targets and Potential, Why get involved in Germany? Germany is Number 2 in Offshore after UK, big potential, late start Feed in tariffs, guaranteed for 12 years Today only 320 MW in operation and connected to the grid Long-term (2030) up to 15% of German electricity consumption ( TWh, 20-25,000 MW) Creation of new jobs (20,000 30,000), especially near the coast Huge investment of manufacturers and suppliers ( billions until 2030) 10,000 MW offshore output until 2020 (beginning of MW), ,000 MW 17

18 What is currently happening in the German offshore sector? Good and bad sector headlines: Bremen will finance Bremerhaven offshore terminal, amendment to Energy Industry Act passed/on liability regulations, Strabag postpones investment, Cuxhaven Steel Construction will cease production etc. Costs explode, construction delays, Grid connection and environmental issues Consumers complain - high prices, is offshore really a cost effective way to produce electricity? Industry expects financial support for developing new technologies and criticizes the government for not having the right concept, cost cutting concepts needed No to offshore is not the solution, Germany offshore needs appropriate political support, research and development and time 18

19 Offshore projects in Germany Mainly located 12 sea miles offshore in the exclusive economic zone (EEZ) 320 MW in operation, 16,000 MW under construction, 9,000 MW received authorization and 94 projects are in the process of authorization North Sea in operation: Alpha Ventus (60MW), Bard Offshore 1 (200MW), Enova Offshore Ems-Emden (4.5MW), Hooksiel (5MW) under construction: Bard Offshore I, Borkum West II, Dan Tysk,, Global Tech I, Meerwind Süd Ost, Nordsee Ost, Riffgat, Amrunbank West, Borkum Riffgrund I Baltic Sea in operation: Baltic I (48.3MW), Rostock (2.5MW) construction starting in 2013: Baltic II (former Kriegers Flak) 19

20 Where to meet international business partners? Wind Force June 2013 Bremerhaven Maritime Environment June 2013 Hamburg EWEA Offshore November 2013 Frankfurt E-World Energy February 2014 Essen Hanover Fair April 2014 Hanover Baltic Future May 2014 Rostock Wind Energy Hamburg Sept 2014 Hamburg 20

21 Useful websites

22 Recommendations Before exporting to Germany think about: General information on / structure of the country Legal requirements/quality standards Possible obstacles /differences Information on the market Distribution channels Competitors Trade information / trade fairs 22

23 Recommendations Entering the German market requires patience and financial and personnel resources Identify competitors Know your USPs Use Trade Fairs as a source of information Invest in German brochures and German website Don t try to rush things it needs time to win business 23

24 Kerstin Rath SENIOR TRADE ADVISER UK TRADE & INVESTMENT BRITISH EMBASSY BERLIN GERMANY Kerstin can be contacted as follows: Tel: +49 (0) Fax: +49 (0) Mobile: +49 (0)

Stormy Weathers in the European Wind Power sector how to keep the pace?

Stormy Weathers in the European Wind Power sector how to keep the pace? 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

More information

The 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 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 information

POWER cluster The Northern European competence network for offshore wind energy

POWER cluster The Northern European competence network for offshore wind energy POWER cluster competence network Martin Schmidt, windcomm schleswig-holstein POWER cluster Agenda 1. Partner Consortium 2. Project Aims 3. Contents & Innovation 4. Offshore wind energy in Germany POWER

More information

Energiewende. Drivers and Enablers for German Offshore Wind. Dr. Martin Schöpe

Energiewende. 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 information

Offshore 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 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 information

Wind 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 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 information

Ireland 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 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 information

Review 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. 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 information

The development of offshore wind - The case of Denmark

The 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 information

Baltic Sea offshore - A cost-effective solution for the Baltic Sea. wpd Offshore Stockholm Charlotte Bergqvist

Baltic Sea offshore - A cost-effective solution for the Baltic Sea. wpd Offshore Stockholm Charlotte Bergqvist Baltic Sea offshore - A cost-effective solution for the Baltic Sea wpd Offshore Stockholm Charlotte Bergqvist Disposition of presentation 1. wpd short facts 2. Offshore market outlook 3. Baltic offshore

More information

Work package 2. Analysis of national MSP Instruments. Planning for Offshore RES in the North Sea Regional Workshop. Brussels, 16 March 2011

Work package 2. Analysis of national MSP Instruments. Planning for Offshore RES in the North Sea Regional Workshop. Brussels, 16 March 2011 Planning for Offshore RES in the North Sea Regional Workshop Brussels, 16 March 2011 Work package 2 Analysis of national MSP Instruments Andreas Wagner Stiftung OFFSHORE-WINDENERGIE German Offshore Wind

More information

Offshore Wind Market in Europe

Offshore Wind Market in Europe Annual Offshore Support Journal Conference Offshore Wind Market in Europe Status Quo and Future Developments Dirk Briese London, 09.02.2017 1 Contents 1. Introduction 2. Politics 3. Offshore Wind Market

More information

Reducing the cost of. risk improvement measures. ..an insurer s approach. There ain't no mountain high enough, Ain't no valley low enough,

Reducing 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 information

PNE WIND AG OFFSHORE PROJECT ATLANTIS I SOLD. FIRST BERLIN Equity Research. Good start to PRICE TARGET P N

PNE 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 information

PNE WIND AG. Presentation December Buchholz wind farm

PNE 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 information

European Wind Investment European Wind Investment 2017 Project Finance and M&A

European Wind Investment European Wind Investment 2017 Project Finance and M&A European Wind Investment 2017 Project Finance and M&A Forward-thinking international law firm Advising clients in the world s most dynamic industries Taylor Wessing is a full-service international law

More information

Offshore Grid Development in Germany

Offshore Grid Development in Germany Offshore Grid Development in Germany Hamburg, 26 September 2017 Lukas Wienholt Federal Maritime and Hydrographic Agency Content of Presentation I. Current status of offshore wind energy in the German North

More information

Renewable Energy Auctions: Lessons from Germany, the UK, and the Netherlands. Dominik Huebler Principal

Renewable Energy Auctions: Lessons from Germany, the UK, and the Netherlands. Dominik Huebler Principal Renewable Energy Auctions: Lessons from Germany, the UK, and the Netherlands Dominik Huebler Principal Strommarkttreffen Berlin, 4 May 2018 Plenty of variation in recent offshore wind auction results Delivery

More information

Spurring Growth of Renewable Energies in MENA through Private Sector Investment

Spurring Growth of Renewable Energies in MENA through Private Sector Investment MENA-OECD Business Council: Task Force on Energy and Infrastructure WORKING PAPER PRESENTING THE PRIVATE SECTOR S VIEW Spurring Growth of Renewable Energies in MENA through Private Sector Investment Agenda

More information

TNUoS Tariffs in 10 minutes March 2018

TNUoS Tariffs in 10 minutes March 2018 TNUoS s in 10 minutes March 2018 An overview of TNUoS tariffs This information paper provides an overview of National Grid s Transmission Network Use of System (TNUoS) tariffs, applicable to transmission

More information

CableRisk Joint Industry Project MARSH GERMANY 19 th of February Hamburg Dr. Jan Rögener Lutz Weidtke

CableRisk Joint Industry Project MARSH GERMANY 19 th of February Hamburg Dr. Jan Rögener Lutz Weidtke CableRisk Joint Industry Project GERMANY 19 th of February 2013 Hamburg Dr. Jan Rögener Lutz Weidtke Offshore Experience 1 Hamburg Offshore Experience List 4500 In 2008 we started with Zero. Baltic 1 (Broker

More information

Vattenfall Q2 results 2011

Vattenfall Q2 results 2011 Vattenfall Q2 results 2011 Øystein Løseth, CEO and Dag Andresen, CFO Conference Call, 28 July 2011 Business highlights German nuclear decision negatively impacts Vattenfall s Q2 result due to impairment

More information

Offshore 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 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 information

UK Solar Investment. 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible.

UK Solar Investment. 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible. UK Solar Investment 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible. Sovereign backed income. All investments presently generating projected real

More information

Offshore transmission investments How to regulate these investments? Who should act?

Offshore transmission investments How to regulate these investments? Who should act? Offshore transmission investments How to regulate these investments? Who should act? North Seas Countries Offshore Grid Initiative (NSCOGI) Copenhagen, 18-19 April 2012 Leonardo Meeus (Florence School

More information

Support regimes for offshore wind in Europe Florian Bauernfeind

Support 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 information

Clean Energy Investment Trends, 3Q , following in 2016's footsteps

Clean 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 information

Analyst Call 2017 Eurogrid/ 50Hertz. 12 March 2018 Marco Nix, CFO

Analyst Call 2017 Eurogrid/ 50Hertz. 12 March 2018 Marco Nix, CFO Analyst Call 2017 Eurogrid/ 50Hertz 12 March 2018 Marco Nix, CFO Highlights 2017 Further progress in grid extension Stabilising costs for congestion management Huge export from 50Hertz area Decreasing

More information

5 Killer Apps of Offshore Wind Prosperity

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 information

Leading provider of comprehensive energy services

Leading provider of comprehensive energy services Leading provider of comprehensive energy services Suzanne Thoma, CEO Beat Grossenbacher, CFO Overview Financials FY 2013 and Outlook Strategy Summary page 2 Continued challenging business environment Neighbouring

More information

CRITIQUE 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 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 information

Clean Energy Investment Trends, , challenging the highs of 2015

Clean 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 information

Investor and Analyst Q1-Q Conference Call

Investor and Analyst Q1-Q Conference Call Investor and Analyst Q1Q3 2015 Conference Call Essen, 12 November 2015 Bernhard Günther Chief Financial Officer Stephan Lowis Vice President Investor Relations Forward Looking Statement This presentation

More information

Analysis 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. 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 information

Vattenfall Q3 and 9M 2013 results

Vattenfall Q3 and 9M 2013 results Vattenfall Q3 and 9M 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 29 October 2013 Q3 Highlights Underlying EBIT SEK 4.0 bn (4.5) - Higher costs for

More information

Interim financial report. First nine months 2018

Interim financial report. First nine months 2018 Interim financial report First nine months 2018 Contents Management s review CEO s review 3 At a glance 5 Outlook 6 Results Q3 7 Results 9M 8 Business units results 11 Performance highlights 16 Quarterly

More information

Interim financial report. First half 2018

Interim financial report. First half 2018 Interim financial report First half 2018 Contents Management s review CEO s review 3 At a glance 5 Outlook 6 Results Q2 7 Results H1 8 Business units results 11 Performance highlights 16 Quarterly overview

More information

DONG 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 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 information

First Offshore Windfarm Project in India (FOWPI) with EU-backing

First Offshore Windfarm Project in India (FOWPI) with EU-backing First Offshore Windfarm Project in India (FOWPI) with EU-backing Presentation at FOWPI Metocean Workshop 2 June 2017 Per Vølund, COWI 1 The Project is funded by The European Union Agenda 1. Offshore Wind

More information

A d v o c a t i n g t h e E U

A d v o c a t i n g t h e E U A d v o c a t i n g t h e E U Channels and Institutions Contents I. Introduction to EU Advocacy II. III. IV. Added Value for Member Companies The Brussels Connection Selected Business Cases and Clients

More information

Elia Group FY2016 results. At the heart of the European Electricity grid

Elia Group FY2016 results. At the heart of the European Electricity grid Elia Group FY2016 results At the heart of the European Electricity grid Disclaimer - This presentation provides information about Elia and its activities and is provided for general information purposes

More information

Let me begin with the key financial indicators:

Let me begin with the key financial indicators: Report on the first quarter of 2016 On-line press conference for journalists Essen, 12 May 2016, 10:00 a.m. CEST/9:00 a.m. UK time Speech notes for Dr. Bernhard Günther Check against delivery. Ladies and

More information

How to promote the necessary investment in the European energy transition?

How 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 information

PRESS KIT. Fact Sheet Benefits of Offshore Wind OREC Fact Sheet Spokespeople Media Contacts

PRESS KIT. Fact Sheet Benefits of Offshore Wind OREC Fact Sheet Spokespeople Media Contacts PRESS KIT Fact Sheet Benefits of Offshore Wind OREC Fact Sheet Spokespeople Media Contacts 22 W PENNSYLVANIA AVE No 600 TOWSON MD 21204 offshorewindus.org offshorewindus.org BUSINESS NETWORK FOR OFFSHORE

More information

Year-End Report 2018

Year-End Report 2018 Year-End Report 2018 Business highlights, January December 2018 Record high nuclear power generation City of Hamburg exercises its option to buy back Vattenfall s stake in district heating system Investment

More information

SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING BRITISH SMES AND THE US MARKET

SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING BRITISH SMES AND THE US MARKET SMALL AND MID SIZED ENTERPRISES ON THE FRONTIERS OF EXPORTING BRITISH SMES AND THE US MARKET Supported by: British SMEs and the US market The special relationship between the US and UK has acquired new

More information

Deutsch-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 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 information

Green Bond Framework

Green Bond Framework Green Bond Framework ENGIE is committed to successfully addressing the energy challenges of coming decades by producing energy that emits low CO 2. The environment, universal access to energy and the quest

More information

Process of strategic planning in the context of regional development EU legislation and best practises from the Member States

Process of strategic planning in the context of regional development EU legislation and best practises from the Member States Process of strategic planning in the context of regional development EU legislation and best practises from the Member States Prof. Dr. Ralf von Ameln STRUCTURE EU Legislation Elements of Regional Policy

More information

CORPI Klaipeda University;

CORPI Klaipeda University; Stakeholder Workshop on Offshore Energy and MSP in the Baltic Sea 12-13 November 2013, Hotel Meridien Vilnius, Lithuania Hosted by Federal Maritime and Hydrographic Agency (BSH) Author of the report: Bettina

More information

innogy confirms strategy and outlook for 2018

innogy confirms strategy and outlook for 2018 innogy confirms strategy and outlook for 2018 Strategy for value-added growth rigorously pursued Capital expenditure in operational business further increased Business performance in first half of year

More information

YEAR-END REPORT 2017

YEAR-END REPORT 2017 YEAR-END REPORT 2017 Business highlights, January December 2017 Increased customer base with over 360,000 contracts and expansion of decentralised solutions Full commissioning of the Sandbank offshore

More information

Investor Conference Call FY March 2018»

Investor Conference Call FY March 2018» Investor Conference Call FY 22 March 2018» Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Head of Finance, M&A and Investor Relations Earnings turnaround achieved in Adjusted EBITDA in bn turnaround

More information

Interim report January September 2018

Interim report January September 2018 Interim report January September 2018 Business highlights, July September 2018 Higher electricity generation as a result of higher availability in nuclear power Inauguration of European Offshore Wind Deployment

More information

Risk management for the renewable energy sector

Risk management for the renewable energy sector Aon Risk Solutions Power Renewable Energy Risk management for the renewable energy sector Plug into protection that s as innovative as your technologies. Risk. Reinsurance. Human Resources. Your projects

More information

IWEA ANNUAL CONFERENCE 2012 ACTIONS TO ACCELERATE IRELAND S ENERGY FUTURE BRIAN BRITTON, GENERAL SECRETARY, NOW IRELAND

IWEA ANNUAL CONFERENCE 2012 ACTIONS TO ACCELERATE IRELAND S ENERGY FUTURE BRIAN BRITTON, GENERAL SECRETARY, NOW IRELAND IWEA ANNUAL CONFERENCE 2012 ACTIONS TO ACCELERATE IRELAND S ENERGY FUTURE Introduction BRIAN BRITTON, GENERAL SECRETARY, NOW IRELAND OFFSHORE WIND IRELAND S EXPORT OPPORTUNITY These are exciting times

More information

No. 19. Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company. Topics No. 19

No. 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 information

14 August 2017 PNE WIND AG. FIRST BERLIN Equity Research

14 August 2017 PNE WIND AG. FIRST BERLIN Equity Research FIRST BERLIN Equity Research PNE WIND AG RATING Germany / Cleantech Primary exchange: Frankfurt Q2 figures PRICE TARGET 3.50 Bloomberg: PNE3 GR Return Potential 33.5% ISIN: DE000A0JBPG2 Risk Rating High

More information

Company announcement No. 18/2017

Company announcement No. 18/2017 Company announcement No. 18/2017 Good start to 2017, which supports the expectations for the year Operating profit (EBITDA) totalled DKK 3.3 billion. Underlying EBITDA decreased by 19% as a result of higher

More information

German Wind and Solar from FiT to tender.

German Wind and Solar from FiT to tender. German Wind and Solar from FiT to tender. Contents Roadmap to EEG 2016 EEG 2014 vs. Draft EEG 2016 General principles Direct marketing How does it work? FiT or tenders applicable? Framework for specific

More information

SA.39723, SA.39724, SA.39725, SA.39726, SA.39731, SA.39732, SA.39733, SA.39735, SA.39738, SA.39739, SA.39741, SA (2014/N); SA.

SA.39723, SA.39724, SA.39725, SA.39726, SA.39731, SA.39732, SA.39733, SA.39735, SA.39738, SA.39739, SA.39741, SA (2014/N); SA. EUROPEAN COMMISSION Brussels, 16.04.2015 C (2015) 2580 final In the published version of this decision, some information has been omitted, pursuant to articles 24 and 25 of Council Regulation (EC) No 659/1999

More information

Company announcement No. 28 / 2017

Company announcement No. 28 / 2017 Company announcement No. 28 / 2017 Strong strategic progress and raised outlook for the year Full-year EBITDA outlook raised from DKK 15-17 billion to DKK 17-19 billion Growth in underlying operating profit

More information

Alan Duggan Department of Communications, Energy and Natural Resources By

Alan Duggan Department of Communications, Energy and Natural Resources By Alan Duggan Department of Communications, Energy and Natural Resources By e-mail Friday, 22 November 2013 Enterprise House, Kerry Technology Park, Listowel Road, Tralee, Co. Kerry TEL + 353 66 7129144

More information

EUROPEAN CLEAN ENERGY YIELDCOS 1H15

EUROPEAN 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 information

The barriers to renewable energy project investment in Wales

The barriers to renewable energy project investment in Wales Response to recommendations presented in the Institute of Welsh Affairs Re-energising Wales report Funding Renewable Energy Projects in Wales The barriers to renewable energy project investment in Wales

More information

Sustainability in Energy: From CSR to the CFO

Sustainability in Energy: From CSR to the CFO Sustainability in Energy: From CSR to the CFO Energy Summit Presentation 2017 Remco Frenken UMS Group Inc., All Rights Reserved Agenda Setting the Scene Business Case Tips & Tricks Conclusion UMS Group

More information

Responsible investment in green bonds

Responsible investment in green bonds Responsible investment in green bonds march 2016 Contents 1 Green bonds 3 2 Investing in themes 4 2.1 Climate 4 2.2 Land 4 2.3 Water 4 3 Definition of green bonds 5 4 Conclusion 7 Appendix 1: CBI Standards

More information

POWER CLIMATE SMARTER LIVING VATTENFALL ANNUAL AND SUSTAINABILITY REPORT 2016

POWER CLIMATE SMARTER LIVING VATTENFALL ANNUAL AND SUSTAINABILITY REPORT 2016 POWER CLIMATE SMARTER LIVING VATTENFALL ANNUAL AND SUSTAINABILITY REPORT 2016 VATTENFALL FOR THE FUTURE Vattenfall has begun a sustainable journey and is rapidly transforming to support its customers in

More information

RWE continues to reshape its future

RWE 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 information

Focus on financial strength

Focus on financial strength Focus on financial strength Bernhard Günther Chief Financial Officer Berenberg and Goldman Sachs Third Annual German Corporate Conference Munich, 23 September 2014 Forward Looking Statement This presentation

More information

Wind 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 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 information

The Way Forward Mikael Lilius President and CEO Capital Markets Day

The Way Forward Mikael Lilius President and CEO Capital Markets Day The Way Forward Mikael Lilius President and CEO Capital Markets Day June 17, 2004 Fortum's strategy Fortum focuses on the Nordic energy market as a platform for long-term profitable growth Create the leading

More information

Bearing Failures in WTGs CILA London 3rd June 2015

Bearing Failures in WTGs CILA London 3rd June 2015 There ain't no mountain high enough, Ain't no valley low enough, Ain't no river wide enough To keep us from getting to you. Bearing Failures in WTGs CILA London 3rd June 2015 CILA London June 2015. Codan

More information

Wind power and the power market

Wind power and the power market Wind power and the power market Sascha T. Schröder EWEA2012 Pre-Conference Grid Seminar by the Danish Wind Industry Association April 15 th, 2012 Outline Wind power remuneration in power markets Power

More information

FISHERMEN S ENERGY OF NEW JERSEY, LLC

FISHERMEN 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 information

REA response to Consultation on Minima and Maxima in the CfD Allocation Process

REA response to Consultation on Minima and Maxima in the CfD Allocation Process REA response to Consultation on Minima and Maxima in the CfD Allocation Process The Renewable Energy Association (REA) is pleased to submit this response to the above consultation. The REA represents a

More information

Support mechanisms for RES-e

Support mechanisms for RES-e Support mechanisms for RES-e Regional ECREEE Training Workshop on National Renewable Energy Policy and Incentive Schemes Praia, 9-11 April 2012 Sofía Martínez International Relations Department Table of

More information

SALES AND HIGHLIGHTS 2017 THIRD QUARTER

SALES AND HIGHLIGHTS 2017 THIRD QUARTER SALES AND HIGHLIGHTS 2017 THIRD 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 information

SALES AND HIGHLIGHTS 2018 THIRD QUARTER

SALES AND HIGHLIGHTS 2018 THIRD QUARTER SALES AND HIGHLIGHTS 2018 THIRD 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 information

FULL YEAR RESULTS 2015

FULL YEAR RESULTS 2015 FULL YEAR RESULTS 2015 PETER BERDOWSKI, CEO HANS KAMPS, CFO AMSTERDAM 9 MARCH 2016 1 INDEX 01 HIGHLIGHTS 02 SEGMENT RESULTS 03 BALANCE SHEET 04 OUTLOOK 05 FEHMARNBELT 06 OFFSHORE WIND MARKET 2 STRONG RESULT

More information

SIX-MONTH INTERIM REPORT 2002 January June

SIX-MONTH INTERIM REPORT 2002 January June January June A dynamic and competitive Vattenfall is a guarantee for maintaining competition on the northern European power market. Lars G Josefsson President and Chief Executive Officer Comments by the

More information

Offshore wind finance 2016 update

Offshore 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 information

Vattenfall Full Year results 2009

Vattenfall Full Year results 2009 Vattenfall Full Year results 2009 Presentations by Lars G. Josefsson, CEO and Dag Andresen, CFO Agenda CEO Lars G. Josefsson: CFO Dag Andresen: 2009 highlights Financial highlights Generation volumes Electricity

More information

SEII workshop Implementation Plan Regulatory Framework and Financial Tools

SEII workshop Implementation Plan Regulatory Framework and Financial Tools SEII workshop Implementation Plan 2013-2015 Regulatory Framework and Financial Tools Greg Arrowsmith SEII Workshop 27 September 2012 RES-E policy Targets post-2020? Harmonisation of support schemes? Development

More information

Vattenfall reports another set of strong annual accounts

Vattenfall reports another set of strong annual accounts YEAR-END REPORT 18 FEBRUARY 2005 Vattenfall reports another set of strong annual accounts Net sales increased by 1.3 per cent to SEK 113,366 million (111,935) Operating profit increased by 28.2 per cent

More information

Proposed National Offshore Wind Energy Policy

Proposed National Offshore Wind Energy Policy FOWIND Capacity Building Workshop (12 September, 2014) Proposed National Offshore Wind Energy Policy J.P. Singh, Director Ministry of New & Renewable Energy 1 Global Status & Technology Over 7 GW Global

More information

Senvion SA Report March 7, 2016

Senvion SA Report March 7, 2016 Senvion SA Report March 7, 2016 1 TABLE OF CONTENTS Page Forward-Looking Statements... 3 Industry and Market Data... 4 Certain Definitions... 6 Summary... 8 Risks Related to Our Market and Our Business...

More information

THE INDEPENDENT ENERGY TRADING COMPANY

THE INDEPENDENT ENERGY TRADING COMPANY THE INDEPENDENT ENERGY TRADING COMPANY CHALLENGE. COMPETE. REPEAT. Danske Commodities challenges market inefficiencies with international trade, moving energy from where there s more than needed to where

More information

Vattenfall AB. Update to credit analysis. CREDIT OPINION 12 January Update

Vattenfall AB. Update to credit analysis. CREDIT OPINION 12 January Update CREDIT OPINION Vattenfall AB Update to credit analysis Update Summary Vattenfall AB (Vattenfall) s credit quality is supported by (1) the company s breadth and scale of operations; (2) the clean generation

More information

CGN INAUGURAL GREEN BOND ISSUANCE

CGN INAUGURAL GREEN BOND ISSUANCE CGN INAUGURAL GREEN BOND ISSUANCE Table of Contents 1. Independent Limited Assurance Statement 1 Appendix: Green Bond Management Statement 3 2. Green Bond Framework 6 Page 1 of 13 Page 2 of 13 Appendix

More information

Fortum in Russia. Tapio Kuula. Senior Vice President Fortum Corporation. Capital Markets Day

Fortum in Russia. Tapio Kuula. Senior Vice President Fortum Corporation. Capital Markets Day Fortum in Russia Tapio Kuula Senior Vice President Fortum Corporation Capital Markets Day Stockholm, 4 June 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe

More information

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2014 in CZK Millions

ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2014 in CZK Millions BALANCE SHEET Assets Property, plant and equipment: 31. 3. 2014 31. 12. 2013 Plant in service 319 256 319 081 Less accumulated provision for depreciation (185 517) (182 282) Net plant in service 133 739

More information

1 Assises de l Energie 2007 Liège, 10-11/10/2007 Offshore wind energy in the North Sea Overview

1 Assises de l Energie 2007 Liège, 10-11/10/2007 Offshore wind energy in the North Sea Overview Offshore wind energy in the North Sea Ronnie Belmans Energiecongres 2007 Overview Why offshore? International status Situation in Belgium Elia network Supergrid Conclusion www.ef4.be 1 Why offshore? Wind

More information

Renewable Energy Guidance

Renewable Energy Guidance NewClimate Institute, Verra Renewable Energy Guidance Guidance for assessing the greenhouse gas impacts of renewable energy policies May 2018 How to describe the policy or action being assessed 5. DESCRIBING

More information

Power Trading in the Coupled European Markets

Power Trading in the Coupled European Markets Power Trading in the Coupled European Markets Challenges for policy-makers February 2016-1 - Europe Economics is registered in England No. 3477100. Registered offices at Chancery House, 53-64 Chancery

More information

The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic

The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic The Connecting Europe Facility (CEF) Regulation and its impact on Cyprus Republic The European Commission adopted on October 2011, a plan with a huge budgetary importance of around 50 billion euro aiming

More information

ONTARIO POWER GENERATION REPORTS 2013 THIRD QUARTER FINANCIAL RESULTS

ONTARIO POWER GENERATION REPORTS 2013 THIRD QUARTER FINANCIAL RESULTS Nov. 14, 2013 ONTARIO POWER GENERATION REPORTS 2013 THIRD QUARTER FINANCIAL RESULTS [Toronto]: Ontario Power Generation Inc. (OPG or Company) today reported its financial and operating results for the

More information

HMA Ambassador to Denmark, Vivien Life accompanied by Trade Adviser, Jakob Erik Schmidt and Investment Adviser, Tommy Graff Hansen

HMA Ambassador to Denmark, Vivien Life accompanied by Trade Adviser, Jakob Erik Schmidt and Investment Adviser, Tommy Graff Hansen HMA Ambassador to Denmark, Vivien Life accompanied by Trade Adviser, Jakob Erik Schmidt and Investment Adviser, Tommy Graff Hansen 1 WELCOME TO THE HOME OF WIND POWER UK Trade & Investment, the British

More information

Vattenfall Q1 results 2010

Vattenfall Q1 results 2010 Vattenfall Q1 results 2010 Presentations by Øystein Løseth, CEO and Dag Andresen, CFO Agenda CEO Øystein Løseth: Financial highlights Generation volumes Market price development Important events CFO Dag

More information

New Jersey Reference Case and Policy Scenario Results

New Jersey Reference Case and Policy Scenario Results New Jersey Reference Case and Policy Scenario Results January 3, 219 Prepared by ICF for Rutgers University at the Request of the New Jersey Board of Public Utilities NJ Reference Case and Policy Scenario

More information