NORDEX USA, INC. GREAT LAKES SYMPOSIUM

Size: px

Start display at page:

Download "NORDEX USA, INC. GREAT LAKES SYMPOSIUM"

Millicent Whitehead
10 years ago
Views:

1 NORDEX USA, INC. GREAT LAKES SYMPOSIUM CHICAGO 24 Sep 2013

2 AGENDA 1 About Nordex 2 Wind Industry Challenges & Our Responses Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 2

3 GLOBAL / AMERICAS NORDEX GROUP NORDEX GROUP: KEY FACTS Global manufacturer of wind energy turbines with a focus on 2.5 MW class 28 years experience Global headquarters in Hamburg, Germany, listed on the Frankfurt Stock Exchange Nacelle + Blade Production in Germany (Rostock) Extensive use of platform technology (same or similar components across all WTG types) Variants for different wind and climate conditions 2,536 employees as of 31 Dec 2012 Total installations in 39 countries as of 15 Apr ,776 MW / 5,397 WTG INSTALLED BASE Other EU 56% Mid Size ( MW) 12% Small (< 0.75 MW) 10% Americas 7% Asia 11% Africa 1% By region By segment Germany 25% MW Class ( MW) 78% Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 3

technology (same or similar components across all WTG types) Variants for different wind and climate conditions 2,536 employees as of 31 Dec 2012 Total installations in 39 countries as of 15

4 GLOBAL / AMERICAS NORDEX IS MORE THAN A MANUFACTURER Project Development Wind Farm System Planning Manufacturing & Installation Balance of Plant Service and Maintenance Wind Farm Operations Selection of location Optimal siting Wind measurements Soil survey Noise / shadow emission Economic viability Grid connection Environmental permitting + studies Building permitting Co-development Micrositing Electrical + Civil Planning Support customers during development WTG design Production of nacelles and rotor blades Transportation to site WTG installation and commissioning Testing Project construction Civil Works: foundation + roads Electrical Works: substation, internal park cabling, transformers Interconnection > 2,700 WTG worldwide currently under Nordex service Full service contract offerings up to 20 year terms: Basic, Extended, Premium Comprehensive Technical Wind Farm Operations (including switching operations) Administration of Land Lease Agreements and Land Owner Relationships Oversight of Relationship with Offtaker and Grid Operator Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 4

Electrical + Civil Planning Support customers during development WTG design Production of nacelles and rotor blades Transportation to site WTG installation and commissioning Testing Project

5 NORDEX AMERICAS TARGET MARKETS IN THE AMERICAS Target Markets Target Market Plans Canada U.S.A. NX Americas Headquarters NX Central Warehouse + Training Academy Participation at AWEA, Chilean + Uruguayan wind conferences Create service organization near contracted projects Contract local suppliers of installation, domestic transportation, and maintenance services First installation in target markets outside the US beginning in 2013 (Uruguay) Mexico Puerto Rico Target Market Presence and Activity Honduras Costa Rica Columbia Ecuador MW Installed 1 MW under Construction 1 MW under Development 1 Peru USA 673 MW 50 MW 1,500 MW Canada 26 MW U.S.A. Uruguay 118MW Target Potential Chile Uruguay Honduras Columbia 19.5 MW 300 MW 1 as of Apr 2013 Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 5

TARGET MARKETS IN THE AM Target Markets Target Market Plans Canada U.S.A. NX Americas Headquarters NX Central Warehouse + Training Academy Participation at AWEA, Chilean + Uruguayan wind conferences

6 NORDEX AMERICAS ORGANIZATION & CAPABILITIES NORDEX AMERICAS AT A GLANCE Headquarters in Chicago, IL to support Sales and Service for the Americas Central Warehouse, Service Support + Training Academy in Jonesboro (AR) Headcount as of July 2013: 184 FTEs Organizational set-up with over 400 years of wind industry experience: Engineering Project Procurement Project Management Service Health & Safety Sales Project Development Products: N90/ N100/3300 (IEC 1a), N100/ N117/3000 (IEC 2a), N117/2400 (IEC 3a) 648 MW of installed capacity in the US since 2009 Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 6

experience: Engineering Project Procurement Project Management Service Health & Safety Sales Project Development Products: N90/2500 + N100/3300 (IEC 1a),

5 MW Roth Rock 50 MW Jonesboro, AR Palm Springs 10 MW Mozart 30 MW Headquarters/ Service Warehouse &

7 AMERICAS US FACILITIES & INSTALLATIONS Power County 45 MW Cedar Creek 150 MW Bear Creek 2.5 MW Hawkeye + Rippey 87.5 MW Elk Wind 42.5 MW Shirley 20 MW Beebe 81.6 MW Chicago, IL Highland MW Roth Rock 50 MW Jonesboro, AR Palm Springs 10 MW Mozart 30 MW Headquarters/ Service Warehouse & Training Facility Installed 2.5 MW WTG through 2012: 648 MW Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 7

8 AGENDA 1 About Nordex 2 Wind Industry Challenges & Our Responses Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 8

$impacts Offset by growth in Americas Impact of financial crisis, economical slowdown Future impact of fracking PPAs set by natural gas pricing Nordex USA, Inc.$

9 WIND INDUSTRY CHALLENGES & RESPONSES Demand & Competitive Pricing Outlook US Market Outlook, e Natural Gas Pricing, e PTC renewal timing PTC expiration or phase out Supply chain impacts Offset by growth in Americas Impact of financial crisis, economical slowdown Future impact of fracking PPAs set by natural gas pricing Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 9

$Offset by growth in Americas Impact of financial crisis, economical slowdown Future impact of fracking$

10 THE NORDEX EFFICIENCY CLASS PRODUCT PORTFOLIO BUILT ON MORE THAN 8.7 GW OF INSTALLATIONS Type MW IEC Wind Sound Net Capacity Factor** (%) Class* db(a) N80/ Ia N90/ I & II N100/ II & III N117/ III N100/ I N117/ II * IEC I: strong wind; IEC II: moderate wind; IEC III: light wind ** Assuming net losses of 13% (wake, electrical, icing, technical availability), standard air density of kg/m 3 and Weibul k=2.5; average wind speed at hub height Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 10

0 N100/3300 3.3 I 105.5 39.1 42.9 46.4 49.7 N117/3000 3.0 II 106.0 40.0 44.3 48.2 51.8 55.

THE NORDEX EFFICIENCY CLASS FLEXIBLE TOWER HEIGHTS ARE KEY TO SUCCESS Higher yield due to greater hub heights Topographical obstacles, such as trees, may result in lower yields.

11 THE NORDEX EFFICIENCY CLASS FLEXIBLE TOWER HEIGHTS ARE KEY TO SUCCESS Higher yield due to greater hub heights Topographical obstacles, such as trees, may result in lower yields. At higher hub heights, the wind quality is better. N117/2400: annual energy yield +16% + 21% Hybrid Tower 141m (7.41m/s) Tubular Steel Tower 120m (7.16m/s) Steel Tower 91m (6.5m/s) Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 11

At higher hub heights, the wind quality is better.

12 THE NORDEX EFFICIENCY CLASS COLD CLIMATE VERSION (CCV) Maintaining the highest possible level of power output in any season, from very low to very high ambient temperatures. -30 to +40 C Heated pitch, yaw, hydraulic station, cabinets CCV oils, lubes and coolants CCV casting materials + steel Thermal bypass integrated into cooling system Additional cooling vents Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 12

-30 to +40 C Heated pitch, yaw, hydraulic station, cabinets CCV oils, lubes and coolants CCV casting materials

13 THE NORDEX EFFICIENCY CLASS ANTI ICING OPTION TO IMPROVE YIELD DURING WINTER MONTHS REGIONS EXPOSED TO THE RISK OF ICING IN NORTH AMERICA COMPARISON OF ENERGY YIELDS Test evaluation of the system in Jokkmoksliden, Sweden: Yield increased Increase of more than 8% AEP in the year 2011 in comparison to the reference WTG Increase of more than 25% EP in the frost period (December through April) Cost/Benefit The payback period of the system will typically be less than 5 years, based on only a few weeks of icing per year System consumption The energy consumption of the system is negligible (<0.3%) Nordex has won the largest order awarded for an onshore wind project in Sweden to date: As of summer 2012 Blaiken 150 MW wind farm will be built. Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 13

Cost/Benefit The payback period of the system will typically be less than 5 years, based on only a few weeks of icing per year System consumption The energy consumption of the system is negligible

14 AVAILABILITY TRACK RECORD WORLDWIDE AND USA AVAILABILITY 2.5 MW GLOBAL AVAILABILITY 1 Jan Dec 2012 # all WTG 1 : 1,868 Ø Availability: 98.09% 1 Jul Jun 2012 # all WTG: 1,746 Ø Availability: 97.70% 1 Jan Dec 2011 # all WTG: 1,447 Ø Availability: 97.54% 1 Jul Jun 2011 # all WTG: 1,340 Ø Availability: 97.33% MW installations globally with Nordex Availability Warranty; total installed base comprises 2,022 WTG as of 31 Dec MW US AVAILABILITY 1 Jan Dec 2012 # all WTG 2 : 225 Ø Availability: 98.56% 1 Jul Jun 2012 # all WTG: 178 Ø Availability: 98.44% 1 Jan Dec 2011 # all WTG: 113 Ø Availability: 97.75% 1 Jul Jun 2011 # all WTG: 33 Ø Availability: 97.03% 1 Jan Dec 2010 # all WTG: 25 Ø Availability: 97.09% 2 total installed base in the United States comprises 270 WTG as of 31 Dec 2012 Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 14

5 MW installations globally with Nordex Availability Warranty; total installed base comprises 2,022 WTG as of 31 Dec 2012 2.

15 NORDEX THANK YOU! Nordex USA, Inc. Great Lakes Symposium Presentation Chicago Sept 2013 Slide 15

Nordex SE. Capital Markets Day Products & Sales - Lars Bondo Krogsgaard

Nordex SE. Capital Markets Day Products & Sales - Lars Bondo Krogsgaard Nordex SE Capital Markets Day Products & Sales - Lars Bondo Krogsgaard Rostock, 13 October 2011 SUMMARY The situation in the wind industry has changed: Attractive medium-term growth prospects Overcapacity