WV Energie AG Offshore Wind Power. July 13

WV Energie AG Offshore Wind Power July 13

WV Energie AG: Facts & Figures A joint venture of (primarily) municipal companies in Germany Founded in: 1904 Legal Form: Stockholders: Headquarters: Turnover*: No. of Employees*: 69 Management: Joint stock company 200 (primarily) municipal companies, and the management Frankfurt am Main 62 million Heinrich Bettelhäuser (CEO) Supervisory Board: 12 members (2011), representatives from the worlds of politics and business, preferentially from municipals enterprises Advisory Board: 12 members from important municipal enterprises *2011, whole WV-group 2

WV Energie AG: Corporate Structure WV Energie AG Frankfurt a.m. Trading / Services / Investment Management / Energy Division (DEO) 50% 25% 25% 100% 93% 100% 38,5% WV Versicherungsmakler Innovation Congress Conergia & Co. KG PSG Procurement Services M-Exchange em.serv enyco AG Frankfurt a.m. Cologne Alzenau Lohmar Lohmar Frankfurt a.m. Ottobrunn Insurance Consulting Events & Seminars Contracting Procurement Services E-Procurement, EDM on-demand Services Energy Industry Online Platform for Energy Trading 4% Gen. Partner 0% 100% 33,33% Gen. Partner 0% 33,33% UGE Holzhausen & Co. KG KNK Onventus Windkraft Bayern W.k.B. Roßbacher Forst & Co. KG Meißen Frankfurt a.m. Trostberg Trostberg Project Company WF Holzhausen Onshore Wind Power Onshore Wind Power Bavaria Project Company WF Roßb. Forst 100% Gen. Partner 0% 100% 49 % 51% 43% 100% 90% 100% KNK O.B. Windkraftbet. & Co. KG KNK Ocean Breeze IOLOS AG KNK Wind KNK Concordia KNK Vineta GW II Windkraftbeteiligungs Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Offshore Wind Power Offshore Wind Power Offshore Wind Power Project Company OWF Arcadis Ost 1 Project Company OWF Concordia Project Company OWF Vineta Offshore Wind Power 100% Gen. Partner 1% 100% 90% Gen. Partner 1% 100% 100% 65% WV Pensionswerk e.v. KNK Carbo Store & Co. KG WV Service KNK Kraftwerksbet. & Co. KG WV PS Kraftwerke KNK Thermo Solar Power Trakia Solar Developm. 1 Ltd. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Frankfurt a.m. Sofia, Bulgarien CTA Project Company CCS Services SPV Power Plants Admin. of SPV Power Plant SPV Solar Thermal Power PV Project Bulgaria 3

WV Energie AG: Offshore Portfolio Our offshore wind power projects are currently at different stages of development: under construction, officially approved, waiting for offical approval, first steps This enables prospects to invest in accordance to their individual risk-return profile, joining the wind power projects at different stages of the value chain. WV Energie AG offers investment and collaboration opportunities for the following offshore wind farms: Arcadis Ost1 Development Project OWF Vineta Development Project OWF Concordia ------------------------------------------------------- Veja Mate Special Case 4

Arcadis Ost 1 Germany, 12 Nautical Mile Limit, Territorial Sea of MWP OWF AO 1 Territorial Sea 12 Nautical Mile Limit 5

Arcadis Ost 1 Germany, 12 Nautical Mile Limit, Territorial Sea of MWP Wind Farm Key Facts Foundations Turbines Capacity (MW) appr. 350 Design jacket Turbine Type Project Stage Interesting Facts ROV completed; approval BImSchG: Q4 2013 Financial close: beginning of 2015; start of construction: 2017 Investment (planned) : 1.4 billion Designer 30% equity capital (assumption) 70 % debt capital, will be raised through project financing IMS Ingenieursgesellschaft mbg Alstom Haliade Capacity (MW) 6 Commissioning 2017 No. of Plants 58 Distance to Shore (km) 19 Water Depth (m) max. 46 IRR on EC : 14-15 % (after tax) with P-50 yield based on EEG acceleration model Project company: Holding structure: KNK Wind 43.06 % WV Energie AG (a share of this has been optioned to energy utilities) 38.89 % Nordex 11.11 % IKB 6.94 % Stadtwerke Bad Vilbel 6

Vineta Germany, 12 Nautical Mile Limit, Territorial Sea of MWP WV Energie AG has identified another suitable site for an OWF within the 12 nautical mile limit of Mecklenburg-Western Pomerania and has entered the project development with its project company KNK Vineta. 7

Vineta Germany, 12 Nautical Mile Limit, Territorial Sea of MWP Wind Farm Key Facts Foundations Turbines Capacity (MW) appr. 400 Design t.b.d. Turbine Type t.b.d. Project Stage ecological studies (started in Feb 2012) Capacity (MW) 6-7 Commissioning 2020 No. of Plants 50-60 Distance to Shore (km) 19 Water Depth (m) appr. 20 Interesting Facts In November 2012, WV Energie AG filed an application with the Ministry of Energy, Infrastructure and Regional Development of Mecklenburg-Western Pomerania with the aim to include Vineta as a suitable marine area for offshore wind power in the State Spatial Development Programme. The Ministry has confirmed the application in December 2012. Status reports (1-7) about the ecological studies onsite have shown no unusual results or occurences so far. Project company: Holding structure: KNK Vineta 90 % WV Energie AG 10 % Stadtwerke Bad Vilbel 8

Concordia 1 + 2 Germany, EEZ, North Sea Concordia 1 +2 Sandbank 24 Dan Tysk Nördlicher Grund Butendiek Global Tech 1 Hochsee Windpark Nordsee Veja Mate BARD OS1 Borkum Riffgrund West Borkum Riffgrund Borkum West ENOVA Godewind Ambrumbank West Nordsee Ost Meerwind Ost & Süd Concordia 1 +2 9

Concordia 1 + 2 Germany, EEZ, North Sea Wind Farm Key Facts Foundations Turbines Capacity (MW) appr. 1000 (2x 500) Design t.b.d. Turbine Type t.b.d. Project Stage application for planning approval with BSH Capacity (MW) 6-7 Commissioning t.b.d. No. of Plants 160 (2x 80) Distance to Shore (km) 156 Water Depth (m) appr. 45 Interesting Facts In collaboration with the Institute of Applied Technology (IfAÖ), WV has investigated the possibility of suitable sites for another wind farm. Two areas without previous impacts could be identified (1000 MW in total). After completed preparations, WV applied for development approval with the BHS in April 2012. Estimated development time until approval notification by BHS: 4.5 years OWF Concordia 1 and 2 have been listed in the CONTIS database since January 2013. This data base was developed by the BSH to give an overview of the present and future uses of the marine environment in the North Sea ( CONTIS map ). Project company: Holding structure: KNK Concordia 100 % WV Energie AG 10

Veja Mate Germany, EEZ, North Sea Wind Farm Key Facts Foundations Turbines Capacity (MW) 400 Design Tripile Turbine Type t.b.d. Project Stage approved by BSH Material Steel Capacity (MW) 5-7 Commissioning t.b.d. Weight (t) 445 No. of Plants max. 80 Distance to Shore (km) 120 Hub Height (m) 90 Water Depth (m) 39-41 Rotor Diameter (m) 120 Interesting Facts The project was officially approved by the Federal Maritime and Hydrographic Agency BSH ( Bundesamt für Seeschifffahrt und Hydrographie ) in August 2009. The approval was initially granted on condition that construction works would start before the end of October 2012, but the BSH has extened the time limit to June 2014. The grid connection will very likely use the converter station BorWin2 (Beta), which is currently set up and will be completed by the end of 2013. The connection offers a capacity of 800 MW and will be used by both windparks Global Tech 1 and Veja Mate. Opportunities for synergies in combination with BARD Offshore 1 (e.g. one operator and one platform) 11

IOLOS: SPV for Wind Power Investments energy utilities institutional private 100 % EK management company IOLOS debt capital + hybrids ARCADIS OST 1 VINETA offshore project 3 offshore project 4 offshore projects UK, GER, NL other projects in the renewables sector project (equity + debt) project (equity + debt) project (equity + debt) project (equity + debt) project (equity + debt) project (equity + debt) 12

WV Energie AG Kennedyallee 89 60596 Frankfurt am Main Tel.: +49 (0)69 / 63 15 87-0 Fax: +49 (0)69 / 63 15 87-24 E-Mail: info@wvag.de Homepage: www.wvag.de 13