Introduction to Green Giraffe Energy Bankers. January 2013

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Introduction to Green Giraffe Energy Bankers. January 2013"

Transcription

1 Introduction to Green Giraffe Energy Bankers January 2013

2 A specialist advisory boutique focused on renewable energy At the heart of the energy transition Deep roots in renewable energy finance Launched by experienced finance specialists with a strong and proven track record in the renewable energy sector (over 30 transactions in the renewable energy sector closed in the 5 years prior to the creation of the company) Currently with 21 professionals with offices in Utrecht (the Netherlands), Paris (France), London (UK) and Hamburg () Green Giraffe Energy Bankers follows a simple strategy: Stick to our core competences and markets Focus on assignments where we know we can deliver results Work with people and in markets we believe in Built on a multi-disciplinary skill set including project & structured finance, M&A, legal & tax expertise We have successfully closed four utility-scale non recourse financings for offshore wind projects since the company s creation in 2010 An ambition to provide high quality, specialised advisory services Focus on projects where we can actually add value We include sector-specific tasks in our scope in addition to traditional debt or equity advisory (such as project contracting services for offshore wind) Priority given to a limited number of clients, based on long term relationships and a shared approach to transactions & risks Priority on getting the deal done! We have an unparalleled track record in successfully closing deals for our clients 2

3 An extensive track record over the past 3 years Completed advisory missions for over 4,000 MW of proposed capacity Bankability evaluation of a 10% stake in the Gwynt y Môr offshore wind farm Acquisition of a stake in an offshore wind farm Tendering strategy of turbine manufacturer on offshore wind project Non-recourse refinancing of a solar PV portfolio Evaluation of a potential stake in an offshore wind farm Evaluation of a stake in a solar PV project 576 MW Undisclosed Undisclosed 24 MW 210 MW 8 MW Highland Group Holdings UK 2010 North America Europe Spain France Bid for a 49% stake in the Gunfleet Sands offshore wind farm Financial advisory services - offshore wind Financial advisory services state waters offshore wind project Acquisition of a stake in the ForVEI solar PV portfolio Evaluation of a stake in the Belwind offshore wind farm Financial advisory services French offshore wind tender 172 MW Undisclosed 25 MW 41 MW 165 MW 1,428 MW UK US US Italy Belgium France 3

4 A portfolio of major renewable energy projects under development Our clients trust us on a wide variety of long term missions across Europe and North America Equity and debt funding of the Gemini offshore wind farms Non-recourse financing of 25% stake in Walney offshore wind farm Strategic advisory Offshore investment fund Valuation of an offshore wind farm under development Non-recourse financing of the Gode Wind 2 offshore wind farm Market intelligence on the offshore wind sector 600 MW 92 MW Undisclosed 400 MW 252 MW N/A The Netherlands UK Europe US Non-recourse financing of the Cape Wind offshore wind farm Non-recourse financing of an onshore wind farm Acquisition of an offshore wind farm Non-recourse financing and sale of a portfolio of solar PV assets Non-recourse financing of the Block Island offshore wind farm Modelling support on a PV solar project 468 MW Undisclosed Undisclosed 16 MW 30 MW Undisclosed US Europe Europe France US France 4

5 A strong presence in the offshore wind sector Text: Operating wind farm Developing wind farm Marker: PF past deal PF current deal not PF deal North Sea projects (end ) and GGEB involvement GGEB involvement GGEB officers involvement Roenland - 17 MW Anholt 400 MW Walney I&II MW Gwynt y Môr MW Rhyl Flats - 90 MW Robin Riggs MW Ormonde MW Barrow - 90 MW Teesside - 62 MW Burbo Bank - 90 MW Lincs MW North Hoyle - 60 MW Sheringham Shoal MW Lynn & Inner Dowsing MW Scroby Sands - 60 MW Greater Gabbard MW Gunfleet Sands I&II MW London Array MW Belwind I&II 330 MW Kentish Flats - 90 MW Northwind 216 MW Thanet MW Thornton Bank I,II&III 326 MW Horns Rev II MW Horns Rev I MW Global Tech I 400 MW BARD I 400 MW Borkum West MW Borkum Riffgrund MW Gemini 600 MW Prinses Amalia 120 MW Egmond aan Zee 108 MW Butendiek MW Amrumbank MW NordseeOst -295 MW MEG I 400 MW Meerwind 288 MW Gode Wind II 252 MW Alpha Ventus 60 MW Nordergründe 110 MW Samso - 23 MW Rodsand II 210 MW Nysted MW Baltic I 48 MW 5

6 Recent landmark transactions (1/4) Project highlights C-Power (2010) 325 MW offshore wind farm Approx 30 km off the Belgian coast in water depth of m Will produce over 1 TWh of electricity per annum Advisor to C-Power to raise project finance debt 325 MW Sponsors Investment Deme, SRIW Environnement, Socofe, Nuhma, RWE, EDF EN, Marguerite Fund EUR 1.3 billion Belgium 2010 Financial Close Closed 25 November 2010 EUR 1,007 million debt facilities including EUR 913 million in long term facilities Largest ever non recourse financing for an offshore wind farm First time ever Euler Hermes provides non recourse debt to the offshore wind sector First financing for 6 MW turbines offshore Role of GGEB Financial advisor to the project company to arrange non-recourse construction debt funding Euromoney s European Offshore Wind Project Finance Deal of the Year PFI s EMEA Renewables Deal of the Year Infrastructure Journal s Renewables Deal of the Year 6

7 Recent landmark transactions (2/4) Project highlights Meerwind () 288 MW offshore wind farm Approx 50 km off the German coast in the North Sea Will produce over 1 TWh of electricity per annum Advisor to WindMW to raise project finance debt 288 MW Sponsors Investment Blackstone & Windland EUR 1.2 billion The Blackstone Group Financial Close Closed 5 August EUR 977 million debt facilities including EUR 863 million in long term facilities First project financed through the new KfW program for offshore wind sector in First non recourse construction financing for Siemens 3.6 MW turbines offshore First project developed and financed by a private equity investor in offshore wind Blackstone is Financial Sponsor of the Year Role of GGEB Financial advisor to the project company to arrange non-recourse construction debt funding "Green Giraffe consistently distinguished themselves and played a critical role throughout every step of the financing process" (Blackstone) This transaction creates a standard for German offshore wind a solid structure with high leverage allowing for private-equity-style returns 7

8 Recent landmark transactions (3/4) Project highlights Northwind () 216 MW offshore wind farm Approx 40 km off the Belgian coast in the North Sea Will produce over 800 GWh of electricity per annum Advisor to Northwind to raise project finance debt 216 MW Sponsors Investment Aspiravi & Colruyt EUR 0.85 billion Belgium Financial Close Closed 27 June EUR 595 million in long term facilities First debt financed project with the Vestas V112 turbine First offshore wind project for ONDD (Belgium), GIEK (Norway) & PensionDanmark (debt) Long maturity and attractive pricing despite market turmoil Other awards pending! Role of GGEB Financial advisor to the project company to negotiate contractual arrangements and to arrange non-recourse construction debt funding This transaction confirms that good projects can get long term project finance at attractive conditions despite the difficult banking market conditions 8

9 Recent landmark transactions (4/4) Project highlights Walney 367 MW offshore wind farm Approx 14 km off the North West coast of England Will produce over 1.3 TWh of electricity per annum Non-recourse financing of 25% stake in Walney offshore wind farm 367 MW Sponsors Investment Ampère and PGGM GBP 1.2 billion for the full project; GBP 0.3 billion for the 24.8% minority share UK Financial Close Closed 18 December GBP 224 million in senior facilities First project financed at the minority shareholder level without any ECA guarantee First offshore wind project with the new UK Green Investment Bank First offshore wind project for PGGM Dutch pension fund Awards pending! Role of GGEB Financial advisor to the Holdco SPV to arrange non-recourse debt funding This transaction opens new opportunities for utilities to recycle investments in existing assets from pension funds or infrastructure funds Confidential 9

10 Our involvement will bring measurable value to you Demonstrably improved financial structures k /MW 5,000 Recent offshore wind non recourse debt transactions 4,500 4,000 Debt 3,500 3,000 With GGEB More senior debt raised 2,500 Cheaper senior debt Quasi equity Hard equity 2,000 1,500 1,000 Less equity needed with GGEB Less equity required Higher returns Belgium Transactions where GGEB acted as financial advisor have higher leverage and better returns than comparable deals in the market 10

11 Our market and project knowledge will improve your equity proposition Full scope equity advisory Valuation exercises If you are buying or selling a project, we can provide a fair assessment of its value, whether it is project financed or not We are familiar with market-standard values at different phases of development and corresponding investor IRR requirements Based on your strategy we can advise on entry points and exit options Equity raising We know a large fraction of the market of active potential buyers, including their timing, returns, technology preferences We can keep the project finance option open even if it is not the stated financing route of the likely buyers Coordination of debt and equity processes In our experience, it is simpler to run both processes jointly as it ensures that the requirements of all parties are compatible A lot of the work can be mutualised (due diligence, information packages, modeling) We have a successful track record already: Equity and debt funding of the Gemini offshore wind farms Bankability evaluation of a 10% stake in the Gwynt y Môr offshore wind farm Evaluation of a potential stake in an offshore wind farm Evaluation of a stake in a solar PV project Acquisition of a stake in the ForVEI solar PV portfolio Evaluation of a stake in the Belwind offshore wind farm Valuation of an offshore wind farm under development 600 MW 576 MW 210 MW 8 MW 41 MW 165 MW 400 MW Highland Group Holdings The Netherlands UK 2010 France Italy Belgium 11

12 What we can do for you Our value added What Green Giraffe Energy Bankers brings to the table Specialised competence & expertise with regard to debt & equity raising and structuring, project development and contracting for complex transactions Credibility in the equity markets through a strong and proven track record in buy/sell side advisory and brokerage in the wind and solar industry Access to an extensive and first class network with investors, EPC/technology suppliers, banks, advisors and intermediaries in the renewables market which we leverage to the benefit of your project The lessons we have already learned (sometimes the hard way) will enable you to optimize the project development process and avoid costly mistakes and delays We are deeply committed to the success of our clients and we offer you highly competitive fees structures including success oriented schemes The services we can offer you include Strategic financial advisory Renewable energy strategic development Technology and project bankability assessment Business plan analysis, financial modelling and valuation Financing strategy Debt and equity raising and structuring Detailed financial analysis and valuation Preparation of all necessary support materials (information memo, financial models, management presentations, etc.) Prepare tailor made commercial proposition to banks or investors Active marketing of your project(s) to a selection of potential debt and equity partners (investors) from our extensive network Commercial negotiations with investors or banks Transaction documentation Assistance in project contract negotiations Review of contracting strategy with the objective of ensuring bankability Review of commercial terms, e.g. EPC warranties, availability levels, etc. We have a proven track record in closing transactions and maximising value for our clients and their projects 12

13 What sets us apart Our philosophy Our team is small and will remain that way. We all have shared experience and strong relationships with clients and counterparties We are always happy to talk to you. It s not information we re selling (or not just information) We actually believe in renewable energy. It s not just regulatory arbitrage We enjoy our work and like our clients 13

14 Green Giraffe Energy Bankers Paris Utrecht 8 rue d Uzès, Paris tel: Maliebaan 92, 3581 CX Utrecht tel: London Hamburg 133 Houndsditch, London EC3A 7BX tel: Mattentwiete 5, Hamburg tel:

Funding wind power: the view from a financial institution

Funding wind power: the view from a financial institution Funding wind power: the view from a financial institution TPWind Nicolas Gourvitch - 24 September 2013 GGEB - A specialist advisory boutique focused on renewable energy At the heart of the energy transition

More information

Financing offshore wind the Gemini project

Financing offshore wind the Gemini project Financing offshore wind the Gemini project Global Offshore Wind 2014 Glasgow, UK 12 June 2014 Sophie Cherrier GGEB the offshore wind finance specialists A strong focus on offshore wind 2 GGEB the offshore

More information

The European offshore wind industry - key trends and statistics 1st half 2013

The European offshore wind industry - key trends and statistics 1st half 2013 The European offshore wind industry - key trends and statistics 1st half 2013 1 Mid-Year European offshore wind energy statistics In the first six months of 2013, Europe fully grid connected 277 offshore

More information

Mezzanine loans in offshore wind

Mezzanine loans in offshore wind Mezzanine loans in offshore wind Hogan Lovells offshore breakfast 11 December 2015 Clément Weber Hogan Lovells offshore breakfast Table of contents 1. Green Giraffe 2. Traditional debt and equity finance

More information

TRACKRECORD. Transport and Installation - Offshore Wind Turbines. Photo: Tony West/Vattenfall March 2011; SEA JACK at Ormonde Offshore Wind Farm

TRACKRECORD. Transport and Installation - Offshore Wind Turbines. Photo: Tony West/Vattenfall March 2011; SEA JACK at Ormonde Offshore Wind Farm TRACKRECORD - Offshore Wind Turbines Photo: Tony West/Vattenfall March 2011; at Ormonde Offshore Wind Farm United Kingdom Westermost Rough UPCOMING PROJECT Transport and installation of 36 Siemens 6MW

More information

VISION MISSION ABOUT A2SEA. Stay ahead in taking wind power offshore and the future of energy in a sustainable direction.

VISION MISSION ABOUT A2SEA. Stay ahead in taking wind power offshore and the future of energy in a sustainable direction. COMPANY BROCHURE ABOUT A2SEA VISION Stay ahead in taking wind power offshore and the future of energy in a sustainable direction. MISSION To provide the offshore wind industry with safer, sustainable,

More information

Lessons from offshore wind losses and utilizing insurers for mitigating risks

Lessons from offshore wind losses and utilizing insurers for mitigating risks Jonas Dalsgaard 0 There ain't no mountain high enough, Ain't no valley low enough, Ain't no river wide enough Lessons from offshore wind losses and utilizing insurers for mitigating risks To keep us from

More information

Wind Energy The Facts: Offshore. Jérôme Guillet 28 November 2011 Project Finance for offshore wind

Wind Energy The Facts: Offshore. Jérôme Guillet 28 November 2011 Project Finance for offshore wind Wind Energy The Facts: Offshore Jérôme Guillet 28 November 2011 Project Finance for offshore wind Contents 1. Project finance for offshore wind the theory 2. The early deals 3. The market(s) today 4. What

More information

The installation and servicing

The installation and servicing European Forum for Renewable Energy Sources The installation and servicing of offshore wind farms Kaj Lindvig, CSO, A2SEA A/S 16 th September 2010 A2SEA Started 1 st July 2000 100% dedicated offshore wind

More information

An overview of the deals closed in 2012 and the current bank market approach to offshore wind. Hamburg 20 February 2013 Dr Jérôme Guillet

An overview of the deals closed in 2012 and the current bank market approach to offshore wind. Hamburg 20 February 2013 Dr Jérôme Guillet An overview of the deals closed in 2012 and the current bank market approach to offshore wind Hamburg 20 February 2013 Dr Jérôme Guillet An overview of the deals closed in 2012 and the current bank market

More information

European offshore wind market. December 2012

European offshore wind market. December 2012 European offshore wind market December 2012 Investment drivers Offshore wind Investor snapshot Offshore wind has strong underlying investment drivers 1 Offshore wind is an established, maturing \ asset

More information

The European offshore wind industry - key trends and statistics 2013. January 2014. A report by the European Wind Energy Association

The European offshore wind industry - key trends and statistics 2013. January 2014. A report by the European Wind Energy Association The European offshore wind industry - key trends and statistics 2013 January 2014 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2013 4 Cumulative

More information

Financing UK offshore wind development

Financing UK offshore wind development Financing UK offshore wind development Nicolas Gourvitch Renewable UK Global Offshore Wind Summit London 13 June 2012 Green Giraffe Energy Bankers is a specialist advisory bou?que focused on renewable

More information

Installation, future demands for recruitment and competencies. Speaker: Hans Schneider Date: 4 April 2013

Installation, future demands for recruitment and competencies. Speaker: Hans Schneider Date: 4 April 2013 Installation, future demands for recruitment and competencies 1 Speaker: Hans Schneider Date: 4 April 2013 Chief Operating Officer, A2SEA A/S Hans Schneider, COO PROFESSIONAL EXPERIENCE Chief Operating

More information

Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark

Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark Content Siemens Wind Power A/S, Offshore Business Segment Our Performance Our Market Perspectives Common Challenges Our

More information

offshore wind energy kromann reumert leads the way

offshore wind energy kromann reumert leads the way offshore wind energy kromann reumert leads the way 1 Offshore wind energy has grown into a trustworthy and practical energy resource and it is increasing its share of the accumulated yearly installed wind

More information

COOLING SOLUTIONS WIND

COOLING SOLUTIONS WIND NISSENS COOLING SOLUTIONS COOLING SOLUTIONS WIND www.nissens.com DELIVERING THE DIFFERENCE Our passion for cooling and climate solutions is fundamental to promote our customers growth and success. Nissens

More information

DONG Energy offshore wind experience

DONG Energy offshore wind experience DONG Energy offshore wind experience Future Tendering Process for Offshore Wind Energy February 10th 2011 Per Hjelmsted Pedersen Head of Project Development DONG Energy Renewables DONG Energy Renewables

More information

Offshore Wind O&M. By Lone Oestergaard Global Operations Manager, Service Siemens Wind Power A/S. INTPOW Norway, November 2012

Offshore Wind O&M. By Lone Oestergaard Global Operations Manager, Service Siemens Wind Power A/S. INTPOW Norway, November 2012 Offshore Wind O&M By Lone Oestergaard Global Operations Manager, Service Siemens Wind Power A/S INTPOW Norway, November 2012 Siemens AG / Service Renewables 2012. All rights reserved Agenda Introduction

More information

The European offshore wind industry key trends and statistics 2015. February 2016. A report by the European Wind Energy Association

The European offshore wind industry key trends and statistics 2015. February 2016. A report by the European Wind Energy Association The European offshore wind industry key trends and statistics 2015 February 2016 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2015 4 Cumulative

More information

Profile. Offshore Wind Projects. Sustainable EPC and Marine Contractors

Profile. Offshore Wind Projects. Sustainable EPC and Marine Contractors Profile Offshore Wind Projects Sustainable EPC and Marine Contractors Offshore Pipeline Installation Svanen, heavy lift installation vessel Company profile Van Oord is a pre-eminent contractor for dredging,

More information

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk DONG 85/15 Energy Tim Johnson Procurement & Contracts Manager DONG Energy Wind Power East of England Energy Group, All Energy Summer Conference 2012 11 th July 2012 Trinity Park, Ipswich Suffolk DONG Energy

More information

Supply Chain Opportunities and Management of Risk. Ian McCarlie

Supply Chain Opportunities and Management of Risk. Ian McCarlie Supply Chain Opportunities and Management of Risk Ian McCarlie Supply Chain Opportunities and Management of Risk INTRODUCTION Supply Chain Opportunities and Management of Risk I see offshore wind as a

More information

DONG Energy. Expansion of offshore wind power in Germany. 02. December 2013

DONG Energy. Expansion of offshore wind power in Germany. 02. December 2013 DONG Energy offshore wind power 02. December 201 Safety Briefing the safe way or no way ONLY Floor Emergency Exits Stairway Große Elbstraße / Street Emergency Exits Stairway Emergency Exits Stairway Emergency

More information

Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems

Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems DTI Centre for Distributed Generation and Sustainable Electrical Energy Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems Predrag Djapic and Goran Strbac Annex 25: Grid Integration

More information

Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion

Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion 1. March 2012 Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion Prof. Dr. Christian von Hirschhausen - 0 - Main Theses 1. There may be risk that Germany falls behind the

More information

Siemens Wind Power Division

Siemens Wind Power Division Erhvervs-, Vækst- og Eksportudvalget 2011-12 ERU alm. del Bilag 254 Offentligt Siemens Wind Power Division Michael Hannibal CEO Offshore, Business Unit EMEA EKF 2 May 2012 Siemens AG 2012 Siemens Global

More information

Employment in OWE in NL, 2010

Employment in OWE in NL, 2010 Employment in OWE in NL, 2010 Exploitation and O&M R&D Project Development Construction Agentschap NL, 2011 Hollands Glorie in Offshore Wind NOG NIET VOLLEDIG Dutch companies and knowledge institutions

More information

The European offshore wind industry - key trends and statistics 2014. January 2015. A report by the European Wind Energy Association

The European offshore wind industry - key trends and statistics 2014. January 2015. A report by the European Wind Energy Association The European offshore wind industry - key trends and statistics 2014 January 2015 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2014 4 Cumulative

More information

EXPERIENCE WITH DP-SYSTEMS ON BOARD

EXPERIENCE WITH DP-SYSTEMS ON BOARD EXPERIENCE WITH DP-SYSTEMS ON BOARD SPEAKERS Head of Fleet, Ulla Bjørndal Møller & Development Manager Jesper Tang Kristensen Master Mariner, MSc in Maritime Technology Naval Architect Who is A2SEA? What

More information

European Subsea Cable Report & Forecast 2015-2025

European Subsea Cable Report & Forecast 2015-2025 European Subsea Cable Report & Forecast 2015-2025 J/15/1226 May 2015 4C Offshore - OrbisEnergy Centre, Lowestoft, NR32 1XH T: +44 (0)1502 307 037 E: info@4coffshore.com Table of Contents 1. Executive Summary

More information

Supporting a globally competitive Scotland. Offshore Wind Key Facts

Supporting a globally competitive Scotland. Offshore Wind Key Facts Supporting a globally competitive Scotland Offshore Wind Key Facts Offshore Wind Key Facts Contents 3 The Offshore Wind Opportunity 4 Offshore Wind Licensing Round 3 Round 3 Offshore Wind Zones and Developers

More information

The European offshore wind industry

The European offshore wind industry The European offshore wind industry Key trends and statistics 1 st half 2016 The European offshore wind industry Key trends and statistics 1 st half 2016 Published in July 2016 windeurope.org This report

More information

World Offshore Wind Market and challenges ahead

World Offshore Wind Market and challenges ahead World Offshore Wind Market and challenges ahead 5-6 May 2010 Hamburg Offshore Wind Conference Andrew Henderson, GL Garrad Hassan 1 World Offshore Wind Market and Challenges Ahead Current Status & European

More information

Q1.14: Cleantech and Renewable Energy Investment Review

Q1.14: Cleantech and Renewable Energy Investment Review Q1.14: Cleantech and Renewable Energy Investment Review 02 Welcome to Taylor Wessing s analysis of clean energy investment activity in the first quarter of 2014. The year has started on a positive note,

More information

Where's the money coming from?

Where's the money coming from? Where's the money coming from? Financing offshore wind farms A report by the European Wind Energy Association - November 2013 Where's the money coming from? Financing offshore wind farms a report by the

More information

Alternative Investments The PensionDanmark Way. March 26 th 2015 The Danish Securities Dealers Association CEO Torben Möger Pedersen

Alternative Investments The PensionDanmark Way. March 26 th 2015 The Danish Securities Dealers Association CEO Torben Möger Pedersen Alternative Investments The PensionDanmark Way March 26 th 2015 The Danish Securities Dealers Association CEO Torben Möger Pedersen PensionDanmark at a Glance 660,000 members Member profile by industry:

More information

Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen LICENGINEERING A/S

Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen LICENGINEERING A/S Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen Types of Foundations Overview of selected support structure and foundation types. From top left: 1. Monopile; 2. Tripod;

More information

European offshore wind Financing the opportunities

European offshore wind Financing the opportunities European offshore wind 2014 Financing the opportunities In a world where utilities ability to shoulder the burden of offshore new builds entirely on their own is limited, equity, debt financing and regulatory

More information

Offshore Wind Maturation of a success story. 1. Dez 2011

Offshore Wind Maturation of a success story. 1. Dez 2011 Offshore Wind Maturation of a success story 1. Dez 2011 Generation Table of Contents Who is Dong Energy Renewables? What does the Offshore Wind Industry do? What are the key Challenges? What will the future

More information

Dutch wind energy strength

Dutch wind energy strength Dutch wind energy strength Chris Westra (senior consultant ECN) (general manager We@Sea) www.we-at-sea.org www.ecn.nl www.haveneilandopzee.nl 2010 The start in 1972 here we are now: 2010 Drivers for offshore

More information

Investec Power Finance. Solar Energy UK. Large-scale Solar Finance and Maximising your RoI

Investec Power Finance. Solar Energy UK. Large-scale Solar Finance and Maximising your RoI Investec Power Finance Solar Energy UK Large-scale Solar Finance and Maximising your RoI From start to finish: Construction finance and fundraising for new solar farms 8 October 2013 Disclaimer This document

More information

UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance

UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance Subtitle A report commissioned by E.ON Climate & Renewables July 2012 Document history Revision Purpose and description Originated

More information

Financing of Wind Projects: IFC s Perspective. Walid Labadi 2nd IEL-ANADE May, 2012

Financing of Wind Projects: IFC s Perspective. Walid Labadi 2nd IEL-ANADE May, 2012 Financing of Wind Projects: IFC s Perspective Walid Labadi 2nd IEL-ANADE May, 2012 IFC was established in 1956 to promote private sector development and is a member of the World Bank Group IFC Power Sector

More information

3,000 MW installed capacity 1,700 wind turbines erected 1,200 members of staff

3,000 MW installed capacity 1,700 wind turbines erected 1,200 members of staff Energy with wpd wpd group facts 3,000 MW installed capacity 1,700 wind turbines erected 1,200 members of staff Project pipeline of 6,700 MW onshore Project pipeline of 6,400 MW offshore in 17 countries

More information

OFFSHORE WIND CONSTRUCTION

OFFSHORE WIND CONSTRUCTION OFFSHORE WIND CONSTRUCTION WATSON FARLEY & WILLIAMS: KEY FACTS 140+ PARTNERS FOUNDED 1982 14 OFFICES 450+ LAWYERS 11 JURISDICTIONS 20+ LANGUAGES SPOKEN Offshore Wind Construction 3 OUR OFFSHORE WIND CONSTRUCTION

More information

asset based lending supporting private equity

asset based lending supporting private equity asset based lending supporting private equity ABN AMRO Commercial Finance is a leading cross-border asset based lender, operating in the Netherlands, UK, Germany, France and Belgium. We offer a range of

More information

Financing Renewables and Energy Efficiency Projects in Developing Countries

Financing Renewables and Energy Efficiency Projects in Developing Countries Mobilising Private Capital to reduce Climate Change Instruments and Policies to mobilise International Green Energy Investment Berlin June 29-30, 2010 Financing Renewables and Energy Efficiency Projects

More information

HSH Nordbank AG. Financing of Wind Projects in Germany. Current Market Situation and Future Challenges

HSH Nordbank AG. Financing of Wind Projects in Germany. Current Market Situation and Future Challenges Financing of Wind Projects in Germany Current Market Situation and Future Challenges HSH Nordbank AG Lars Quandel ENERGY& UTILITIES HUSUM 16 SEPTEMBER 2015 Our Profile Renewable Energy Business model PRODUCTS

More information

HIGH LEVEL REVIEW HELIDECK AND ACCOMMODATION Helideck and accommodation facilities on offshore platforms for wind farms. TenneT.

HIGH LEVEL REVIEW HELIDECK AND ACCOMMODATION Helideck and accommodation facilities on offshore platforms for wind farms. TenneT. HIGH LEVEL REVIEW HELIDECK AND ACCOMMODATION Helideck and accommodation facilities on offshore platforms for wind farms TenneT Public version Report No.: 130112-NLLD-R1, Rev. A-Public Date: 9 June 2015

More information

OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK

OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK EUROPEAN UNION OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK The European Union is a unique economic and political partnership between 28 European countries. In 1957, the signature of the

More information

Renewable Energy in France

Renewable Energy in France Renewable Energy in France Finance & investment Maritime Energy Natural resources Transport Real estate ICT Corporate Finance Tax Dispute resolution Employment Regulatory London New York Paris Hamburg

More information

Essex... A great location for offshore wind

Essex... A great location for offshore wind Essex... A great location for offshore wind The UK Government has very ambitious plans for the development of offshore wind farms in its coastal waters involving up to 40GW of installed capacity by 2020

More information

Helical Piles for Offshore Wind Turbines

Helical Piles for Offshore Wind Turbines DEPARTMENT OF ENGINEERING SCIENCE Helical Piles for Offshore Wind Turbines Byron Byrne and Guy Houlsby Contact: byron.byrne@eng.ox.ac.uk September 3, 2010 UK Wind Overview 264 operational farms generating

More information

offshore wind in our sails right now!

offshore wind in our sails right now! offshore wind in our sails right now! September 2015 offshore wind in our sails right now! Introduction 03 Overcapacity, so why the subsidy? 04 Trends in offshore wind 05 North Sea offshore industry gets

More information

WIRRAL. EVERYTHING IS READY. NOW S THE TIME FOR THE OFFSHORE WIND INDUSTRY

WIRRAL. EVERYTHING IS READY. NOW S THE TIME FOR THE OFFSHORE WIND INDUSTRY WIRRAL. EVERYTHING IS READY. NOW S THE TIME FOR THE OFFSHORE WIND INDUSTRY WIRRAL. READY. NOW With existing wind farms off the Wirral coast and thousands of turbines planned for the Irish Sea, there are

More information

The European offshore wind industry - key trends and statistics 2012. January 2013. A report by the European Wind Energy Association

The European offshore wind industry - key trends and statistics 2012. January 2013. A report by the European Wind Energy Association The European offshore wind industry - key trends and statistics 2012 January 2013 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2012 5 Cumulative

More information

30 th - 31 st January 2014 Management & Financing of Offshore Renewable Projects

30 th - 31 st January 2014 Management & Financing of Offshore Renewable Projects SUMMIT GUIDE SUMMIT HIGHLIGHTS INCLUDE: Surfing through investment opportunities Ingeniero Jorge Juan Foundation is delighted to invite you to participate in the "Management & Financing Offshore Renewable

More information

WATSON FARLEY & WILLIAMS: KEY FACTS

WATSON FARLEY & WILLIAMS: KEY FACTS TAX WATSON FARLEY & WILLIAMS: KEY FACTS 133 PARTNERS ESTABLISHED 1982 14 OFFICES OVER 400 LAWYERS 11 COUNTRIES OVER 20 LANGUAGES SPOKEN TAX 2 OUR TAX PRACTICE Operating across the firm s core sectors and

More information

Towering reliability in steel constructions

Towering reliability in steel constructions Towering reliability in steel constructions Leaders in Wind Towers E-Towers Famaba: Construction of Wind Towers Specialty in steel towers With a team of 300 dedicated steelworkers, we focus on the production

More information

WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER

WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER Acknowledgements Part III was compiled by Poul Erik Morthorst of Risǿ DTU National Laboratory, Technical University of Denmark; Hans Auer of

More information

Financing PPPs: Project Finance June 2006

Financing PPPs: Project Finance June 2006 Financing PPPs: Project Finance June 2006 Index Section I. Section II. Section III. Project Finance Spanish Market Advantages Risk Matrix P. 2 Section I Project Finance Project Finance Definition Definition:

More information

Capital Stage AG, Conference Call, Monday, 11/17/14 Strategic Partnership with Gothaer Insurance Group

Capital Stage AG, Conference Call, Monday, 11/17/14 Strategic Partnership with Gothaer Insurance Group Capital Stage AG, Conference Call, Monday, 11/17/14 Strategic Partnership with Gothaer Insurance Group Who we are We are an independent operator of PV and wind parks in Germany, Italy and France. Over

More information

Community and Renewable Energy Scheme Project Development Toolkit

Community and Renewable Energy Scheme Project Development Toolkit Community and Renewable Energy Scheme Project Development Toolkit Balance Sheet Equity Investment Community Bond Issues Community Vehicle Crowd Funding Debentures a form of bond Debt Debt Service Cover

More information

The Role of a Pension Fund in Renewable Energy Investments. Transformational NAMA in the Renewable Energy Sector May 2013

The Role of a Pension Fund in Renewable Energy Investments. Transformational NAMA in the Renewable Energy Sector May 2013 The Role of a Pension Fund in Renewable Energy Investments Transformational NAMA in the Renewable Energy Sector May 2013 PensionDanmark at a Glance Industry-wide pension fund established in the early 1990

More information

PNE WIND AG. Webcast March 31, 2015

PNE WIND AG. Webcast March 31, 2015 PNE WIND AG Webcast March 31, 2015 Windpark Windpark Buchholz Buchholz 2014 - HIGHLIGHTS The financial year 2014 was characterized by 1. the continuation of our on and offshore development activities in

More information

The European offshore wind industry - key trends and statistics 2009

The European offshore wind industry - key trends and statistics 2009 Photo: Dong Energy The European offshore wind industry - key trends and statistics 29 January 21 1 The European Offshore Wind Industry - Key Trends and Statistics 29 Contents Executive summary 29 annual

More information

Safeguarding Investments and Risk Exposure

Safeguarding Investments and Risk Exposure Service & Installation Vessel / Wind Farm Project Certification Claus Winter Graugaard & Andreas G. Jensen Presentation overview Introduction Wind Turbine Installation (WTI) vessels Wind farm maintenance

More information

PNE WIND AG. Webcast Presentation May 11, 2015

PNE WIND AG. Webcast Presentation May 11, 2015 PNE WIND AG Webcast Presentation May 11, 2015 Windpark Windpark Buchholz Buchholz 1Q 2015 HIGHLIGHTS The first quarter of 2015 was characterized by 1. the continuation of our on and offshore development

More information

PNE WIND AG. Presentation August 8, Results of the first half year Buchholz wind farm

PNE WIND AG. Presentation August 8, Results of the first half year Buchholz wind farm PNE WIND AG Presentation August 8, 2011 Results of the first half year 2011 Buchholz wind farm Agenda 1. PNE WIND AG at a glance 2. Financials & outlook 3. Operative development 1st half of 2011 4. PNE

More information

OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS

OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS 1 OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS April 2013 Contents A B C Offshore market volume of EUR 130 bn by 2020 Agenda 2020 Markets Trends Competition Page 3 Value chain evaluation

More information

N of Turbines. In operation Thornton Bank phase 1 Off Zeebrugge to to Repower

N of Turbines. In operation Thornton Bank phase 1 Off Zeebrugge to to Repower Belgium Thornton Bank phase 1 Off Zeebrugge 30 6 12 to 27 27 to 30 2008 Repower Belwind Off Zeebrugge 330 - - - 2010 Vestas Thornton Bank phase 2 Off Zeebrugge 90 - - - 2010 Repower Thornton Bank phase

More information

E.ON Business Deep Dive - Renewables. December, 2015

E.ON Business Deep Dive - Renewables. December, 2015 E.ON Business Deep Dive - Renewables December, 2015 Agenda E.ON Renewables Position E.ON Renewables Business Approach Market Trends 2 E.ON Renewables highlights 4.5 GW diversified portfolio (average age

More information

Danish Society for Naval Architecture and Marine Engineering, Danish Maritime Society, The Transport Innovation Network & Danish Wind Energy Group

Danish Society for Naval Architecture and Marine Engineering, Danish Maritime Society, The Transport Innovation Network & Danish Wind Energy Group O&M of Offshore Wind Turbines Experiences and Future Challenges 1-day Conference, 30 April 2012 in Copenhagen Niels Agner Jensen Sr. Project Manager, Team Lead, DONG Energy Wind Power, Maritime & Vessel

More information

OFTO Tender Round 4 and future tenders. Friday 18 th March 2016

OFTO Tender Round 4 and future tenders. Friday 18 th March 2016 OFTO Tender Round 4 and future tenders Friday 18 th March 2016 Agenda for the day Arrival, registration and networking 09:30 10:00 Welcome and introduction to Ofgem s Networks Division Stephen Beel, Partner,

More information

The Open University s repository of research publications and other research outputs

The Open University s repository of research publications and other research outputs Open Research Online The Open University s repository of research publications and other research outputs Offshore wind: the potential to contribute a quarter of UK electricity by 2024 Journal Article

More information

Panel I: Green infrastructure financing: Main investment trends and attractiveness for the private sector

Panel I: Green infrastructure financing: Main investment trends and attractiveness for the private sector Panel I: Green infrastructure financing: Main investment trends and attractiveness for the private sector November 3 rd 2016 OECD Workshop on Financing Green Infrastructure Green Energy Investment are

More information

Dedicated to Private Equity

Dedicated to Private Equity PRIVATE EQUITY Dedicated to Private Equity A global approach - Luxembourg service offering Why choose KPMG? A focus on what really matters You want people working with you who really understand the challenges

More information

E.ON Climate & Renewables Our Wind Energy Business

E.ON Climate & Renewables Our Wind Energy Business E.ON Climate & Renewables Our Wind Energy Business 1 2 E.ON is a leading investor-owned energy solutions provider with annual sales of 122.5 billion and more than 62,000 employees. Backed by world-class

More information

Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader

Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader Areva & Gamesa Joint Venture: Creation of an Offshore Wind Leader 7 July 2014 1 Resumen Ejecutivo 1. Transaction Overview 2 Summary Areva and Gamesa have entered into an agreement to form a 50%/50% Joint

More information

Renewable Energy Fund

Renewable Energy Fund For discussion purposes only not suitable for retail clients Renewable Energy Fund Trusted Alternatives Summary Document April 2013 Under The Enterprise Investment Scheme Summary Document The following

More information

Old Burlington Investments Renewable Energy Fund. Trusted Alternatives

Old Burlington Investments Renewable Energy Fund. Trusted Alternatives Old Burlington Investments Renewable Energy Fund Trusted Alternatives March 2013 1 Why Old Burlington Investments? Old Burlington Investments is a new alternative investment boutique Led by Brett Williams,

More information

PNE WIND AG. WEBCAST presentation November 9, 2015

PNE WIND AG. WEBCAST presentation November 9, 2015 PNE WIND AG WEBCAST presentation November 9, 2015 Windpark Windpark Buchholz Buchholz 9M 2015 HIGHLIGHTS The first nine months of 2015 was characterized by 1. the successful sale of PNE WIND UK to Brookfield

More information

Canadian Wind Market 03/27/2013. Natixis Global Infrastructure & Projects

Canadian Wind Market 03/27/2013. Natixis Global Infrastructure & Projects Canadian Wind Market 03/27/2013 Natixis Global Infrastructure & Projects Groupe BPCE 2 nd largest banking group in France 50% 50% 72.3%: BPCE Majority Owner of Natixis 27.7%: Public Float BPCE Figures

More information

WIND ENERGY SOLAR ENERGY BIOMASS ENERGY MARINE ENERGY TRANSMISSION STORAGE

WIND ENERGY SOLAR ENERGY BIOMASS ENERGY MARINE ENERGY TRANSMISSION STORAGE WIND ENERGY SOLAR ENERGY BIOMASS ENERGY MARINE ENERGY TRANSMISSION STORAGE 1200MW WIND UK & IRELAND RES has been at the forefront of wind farm development for over 30 years. Our reputation for innovation,

More information

The death of invest and forget

The death of invest and forget PÖYRY POINT OF VIEW - APRIL 2015 The death of invest and forget A brave new world for European renewables investors A brave new world for European renewables investors For many investors, renewables have

More information

RENEWABLE ENERGY IN FIFE Skills and Supply Chain

RENEWABLE ENERGY IN FIFE Skills and Supply Chain RENEWABLE ENERGY IN FIFE Skills and Supply Chain Fife aspires to be the centre of excellence for the renewables industry in Scotland, and in particular the offshore wind sector. This document highlights

More information

How does a venture capitalist appraise investment opportunities?

How does a venture capitalist appraise investment opportunities? 1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 23 Pensions Convention 2 June 23 A How presentation does a venture to:

More information

chi siamo company profile

chi siamo company profile The Garnell tall ship adventure is an extraordinary example of the ability to break the mold, be able to suddenly change the planned course to get safely at destination, even in the most turbulent conditions

More information

Innovative Technology Solutions for Sustainability ABENGOA. Understanding the Value in Concessions. Analyst & Investor Day.

Innovative Technology Solutions for Sustainability ABENGOA. Understanding the Value in Concessions. Analyst & Investor Day. Innovative Technology Solutions for Sustainability ABENGOA Understanding the Value in Concessions Eduard Soler Analyst & Investor Day May 2012 1 Our Portfolio of Concessions today 2 Our Business Model

More information

Polish Offshore Grid SA

Polish Offshore Grid SA OFFSHORE GRID DEVELOPMENT 1 Offshore wind farm development in selected European countries Country Installed capacity by the end of 2010 [MW] Approved projects [MW] 2020 targets [MW] UK 1.341 2.591 13.000

More information

SGS REFERENCE PROJECTS WIND POWER INDUSTRY

SGS REFERENCE PROJECTS WIND POWER INDUSTRY ErgWind Srl 83 sites in 2013 and 14 sites in 2014 Construction H&S Service (Health & Safety Coordination service both in design and execution phases) 2013 - ongoing Wind International Italy (BKW) Availon

More information

Press Release. EMBARGOED until 11am Tuesday 11 th December 2012

Press Release. EMBARGOED until 11am Tuesday 11 th December 2012 Page 1 EMBARGOED until 11am Tuesday 11 th December 2012 First Minister officially opens Wales first wind turbine apprenticeship programme and dedicated training centre THE FIRST Minister of Wales, the

More information

Modern insurance solutions protect innovative technologies RENEWABLE ENERGY

Modern insurance solutions protect innovative technologies RENEWABLE ENERGY Modern insurance solutions protect innovative technologies RENEWABLE ENERGY Your projects secure the future we ensure they happen Focus on the renewable energy sector has never been higher. Due to the

More information

INSURANCE BANKABILITY

INSURANCE BANKABILITY INSURANCE BANKABILITY Innovative Insurance Solutions for Renewable Energy Special Enterprise Risks, Green Tech Solutions Álvaro Núñez Andrada Underwriter Munich Re SER is a unit within Corporate Insurance

More information

STATUS OF OFFSHORE WIND ENERGY DEVELOPMENT IN GERMANY

STATUS OF OFFSHORE WIND ENERGY DEVELOPMENT IN GERMANY On behalf of: Deutsche WindGuard GmbH - Oldenburger Straße 65-26316 Varel - Germany +49 (0)4451 9515-0 - info@windguard.de - www.windguard.com Additional [MW] Cumulative [MW] Cumulative (31.12.) Additions

More information

Valuing your brands and your business

Valuing your brands and your business Valuing your brands and your business Intangible Business Intangible Business is a leading independent brand valuation, strategy and development consultancy. Founded in 2001, Intangible Business specialises

More information

Taking advantage of debt financing and other investment options

Taking advantage of debt financing and other investment options Taking advantage of debt financing and other investment options What opportunities are there for you today? Amsterdam, 28 January 2014 Bert van der Toorn Managing Director, Head of Oil and Gas, Europe

More information

Offshore Wind: some of the Engineering Challenges Ahead

Offshore Wind: some of the Engineering Challenges Ahead Offshore Wind: some of the Engineering Challenges Ahead David Infield CDT in Wind Energy Systems Institute of Energy and Environment University of Strathclyde International context (from IPCC report) Greenhouse

More information

Private Equity investment in Recruitment companies - what are we looking for? Chris Harper Managing Director Baird Capital

Private Equity investment in Recruitment companies - what are we looking for? Chris Harper Managing Director Baird Capital Private Equity investment in Recruitment companies - what are we looking for? Chris Harper Managing Director Baird Capital About The Presenter Chris Harper 25 years within private equity Managing Director

More information