Gamesa Global technology, everlasting energy. September 2012

Transcription

1 Gamesa Global technology, everlasting energy September 2012

2 Technological global leader o Global presence o Built-in operator o Sustainable company 2

3 Technological global leader Extensive experience in the wind sector EUROPE, USA, BRAZIL & ASIA MANUFACTURING PLANT 18 YEARS 50 COUNTRIES Pioneer in technological sector and wind industry Global presence 3 25,000 MW INSTALLED 18,200 MW UNDER MAINTENANCE 5,000 MW INSTALLED 25,000 MW WIND FARM PORTFOLIO Worldwide technological leader: design, manufacture, installation and maintenance of wind turbine generators Global benchmark in wind farm development business

4 Global presence Productive base in leading markets Manufacturing plants in the main wind markets Opening of 5 production centres in the last two years in countries with a great potential in the wind sector 4

5 Global presence Global growth strategy Global business organization: 9 regions and 23 local offices 5

6 Global presence From local to global company Evolution of MW installed Sales MWe MW in ,308 MW in 2011 Total: 2,802 MW 11% 15% Latam & South Cone 23% China 6 89% 87% 14% USA 8% Spain 19% India 13% 1% RoW 20% Rest of Europe MW installed in Spain MW installed outside Spain

7 Global presence MW installed in leading markets 2011 total cumulative MW: 24,143 MW Europe 15,945 MW China 2,760 MW 7 America 3,915 MW India Rest of the world 547 MW 976 MW Markets with Gamesa installed base Markets with first project under construction in 2012

8 Global presence O&M services: 18,200 MW under maintenance Team of more than 2,500 employees 18,200 MW under maintenance 39 Operational Regional Centres (CRO) in 25 countries maintenance stores all over the world Central and regional farm warehouses network with spare parts Operational Regional Centres (CRO)

9 Global presence O&M global capacity 650 KW, MADE GAMESA 850 KW GAMESA 2,0 MW GAMESA 4,5 MW TOTAL EUROPE 1,473 3,086 7, ,319 USA _ 1,744 1,744 9 CHINA _ INDIA REST OF WORLD _ 966 TOTAL ,494 4,913 9, ,299

10 Global presence Wind farms development and sales: 5,000 MW developed INDIA & CHINA NORTH AMERICA & LATAM Wind farms constructed: USA: 488 MW Mexico: 26 MW Pipeline: Wind farms constructed: China: 255 MW India: 485 MW 3,200 MW Pipeline: 8,972 MW EUROPE Wind farms constructed: Spain: Rest of Europe (Italy, Portugal, Greece, Germany, France and Sweden): Pipeline: 2,548 MW 2011 INSTALLED MW: 4,972 MW (199 wind farms) 1,170 MW PIPELINE: 11,719 MW 23,891 MW 16 COUNTRIES and 25 OFFICES 10

11 Built-in operator Value chain know how GAMESA WIND FARMS GAMESA WIND TURBINE GENERATORS 5,000 MW 25,000 MW 1-12 months 18,200 MW O&M PROMOTION Prospecting GAMESA SERVICES Licensing months Exworks delivery EPC1)/Logistics / Construction GENERATION (RE) CYCLE Operation & Maintenance months Not covered by Gamesa * Engineering, procurement, construction Energy Management Repowering/ Decomissioning Ongoing during 20+ years 11

12 Built-in operator Value chain know how Project development o Close to 5 GW in-house developed constructed o Permitting o Site assesment o Project finance WTG design WTG manufacturing o Vertical integration & strategic partners o Gamesa 4.5MW o Manufacturing full design facilities design o Load analysis & o Gamesa 2.0 MW design improvement certification o 9 platforms, 20 rotors developed, tested and operated o More than 30 manufacturing facilities worldwide Logistics o More than 2,250 wind turbines transported per year BoP o Civil works EPC o HV/MV substations & lines EPC o More than 15,000 o More than ops/yr 5 GW o WOSS constructed WTG erection & commissioning o More than 25 GW installed o Additional services supplied under request WF power electronics o Power electronics o Repowering in-house o WindFarms developed development o WindFact (voltage dip solution) o Active Filters o Advanced control features Added value services O&M service and long term warranty o O&M service catalogue o More than 18 GW in O&M o New grid o Continuous requirements product solutions for improvement existing products 12

13 Sustainability Fight against climate change 25,000 MW installed = 36,22 million tons of CO2 emissions/year avoided = 5.19 million of TEP/year Manufacturing according to environmental standards ISO CUMULATIVE MW INSTALLED GREENHOUSE GAS EMISSIONS 13 Tonnes of CO2 avoided 36,220,000 24,143 31,000,000 20,834 27,000,000 18,247 24,000,000 16,016 19,200,000 12,849 14,700,000 9,

14 Sustainability Main international ethical corporate principles Committed with the human rights and the environment 14 Included in the leading sustainability indexes 14

15 Technological leader o Participation in leading international projects o Technological globalization o Technological innovation 15

16 Technological leader Participation in the leading international projects In 2011, Gamesa has doubled the number of its technological centres worldwide to nine, as well as the number of R&D professionals R&D investment of more than 117 million euro Backed by a 200 million euro loan from the European Investment Bank (EIB) for its R&D and Innovation Strategy until 2011 Close to 550 patents and 215 family patents requested and/or granted in 2011 Participation in the leading European R&D projects in the industry: o o o Azimut. Gamesa leads this consortium to develop a 15-MW offshore wind turbine using 100% Spanish technology Windlider Leads a consortium, granted by Spanish program Cenit. This project aims at designing large wind turbines Reliawind. Gamesa leads this European project that aims at enhancing reliability in wind turbine design, operations and maintenance of wind turbines 16

17 Technological leader R&D centres globalisation 50% of technology workforce in international centres, global leadership through key partnerships Offshore Glasgow, UK Resident engineering Oxford Valley, USA 17 EU Technology Bilbao, Spain R&D headquarters Pamplona, Spain EU technology Madrid, Spain Resident engineering Tianjin, China Resident engineering Chennai,India Resident engineering Brazil Materials R&D centre Singapore

18 Technological innovation Innovation roadmap until 2015 OFFS G10X G9X G5X G58 CII G90 IIA Reliability & experience G97 IIIA G128 IIA G87 IA G97 IIA G136 III* G128 Knowhow G114 IIIA OFFSHORE Versatility & efficiency CoE & logistical simplicity New wind turbine generators for new market segments * It will be classified as class S OFFSHORE Technology is critical to achieving CoE objectives and Gamesa has a clear road map for innovative products up to 2015 Main objectives: To be a benchmark in CoE and adapt the product to the needs of the demand Innovative Multi MW technologies (already under development) and apply them to all platforms 18

19 Technological innovation Cutting-edge technologies development OFFSHORE RESEARCH Increasing efficiency WTG design 2014 AZIMUT Reliawind UPWIND CONTROL New Technologies for a 15 MW Offshore Wind Turbine New generation of more reliable wind turbines Advance Control System Generation 1 ROTOR MATERIALS WIND FARMS 2013 Windlider MW Offshore Technologies ENERGY STORAGE 2012 Advance Control System Generation 2 Advance Rotor Generation 1 Advance Rotor Generation 2 Healthy and environmentally friendly materials 2015 Leading several European projects on Multi-MW WTG development and wind farm management Maintaining the leading edge in rotor, control and material development New materials for wind turbine components Advanced Offshore materials Leading applied research in energy storage Twenties Wind Farm Control Technologies Proto Step 1 Sustainergy Greengrid Very Large Scale Concentrated Energy Storage Proto Step 1 Distributed Energy Storage 19

20 Gamesa 4.5 MW G MW y G MW Optimized cost per MW and as easy to ship and install as 2.0 MW turbine MODEL ROTOR DIAMETER (m) IEC CLASS POWER NOMINAL TOWER HEIGHT (m) TYPE CERTIFICATE G IIA 4.5 MW 120 OK G III* 4.5 MW 120 Under process 20 MAIN SPECIFICATIONS Class II 128 m and Class III 136 m rotor diameter and a 120 m hybrid tower Gamesa WindNet advanced technology for wind farm control and monitoring Fully compliant with any grid code The turbine incorporates innovative technologies: InnoBlade, MultiSmart, CompacTrain, ConcreTower, FlexiFit and GridMate * It will be classified as class S

21 Gamesa 4.5 MW In-house cutting edge technologies Gamesa Innoblade CII (128 m) & CIII (136 m) rotors. Sectional blade with new aerodynamic profile Gamesa MultiSmart Individual pitch that reduces loads up to 30% Gamesa GridMate Permanent magnet generator + full converter Gamesa CompacTrain Drive train with 2-stages gearbox with mid-speed range output Gamesa ConcreTower 120 m concrete/steel hybrid tower (other heights available under request) 21

22 Gamesa 2.0 MW G MW/G MW / G MW / G MW / G MW The most versatile platform in the market MODEL ROTOR DIAMETER (m) IEC CLASS POWER NOMINAL TOWER HEIGHT (m) TYPE CERTIFICATE G114** 114 IIIA 2.0 MW - - G97 97 IIA, IIIA 2.0 MW 78, 90, 100, 120 Ok G90 90 IIA, IIIA 2.0 MW 67, 78, 100 Ok G87 87 IA*, IIA 2.0 MW 67, 78, 90, 100 Ok G80 80 IA 2.0 MW 60, 67, 78, 100 Ok MAIN SPECIFICATIONS 80, 87, 90 and 97 m rotors (all manner of sites and wind conditions) New aerodynamic blade tip design to maximise output and minimise noise emissions Gamesa NRS noise control Gamesa WindNet Gamesa predictive maintenance system Solutions for optimal grid connection Gamesa active yaw system * It will be classified as class S ** Under development 22

23 Gamesa 850 kw G kw y G kw Reliability and experience MODEL ROTOR DIAMETER (m) IEC CLASS POWER NOMINAL TOWER HEIGHT (m) TYPE CERTIFICATE G52 52 IA* 850 kw 44, 55, 65 OK G58 58 IIA/IIIB 850 kw 44, 55, 65, 74 OK 23 MAIN MAIN SPECIFICATIONS SPECIFICATIONS Pitch and variable speed technology Production of lighter blades Aerodynamic design and Gamesa NRS control system Gamesa WindNet Compliance with the main international grid codes Gamesa SMP Gamesa active yaw system *Class S available for conditions with average wind speeds and/or turbulence intensities above Class IA

24 Wind power, the global energy o Facts and key drivers of wind energy o Market opportunities 24

25 Key drivers of wind energy COE competitiviness National Energy Strategy Self-sufficiency Local resource Security of supply: less risk of shortages and price volatiñity through Diversification of supply Less exposure to adverse geopolitical situations Energy affordability Economic & social benefits Cost effective Efficient use of land Price predictability Flexible in size More generation during coldweather months Downward cost evolution (LCOE) Compatible with other uses No water consumption Short construction time Contribution to local development Lower NIMBY effect CoE competitivo es vital Environmental protection Clean unlike: Thermal: burns fossil fuels contributing to climate change Nuclear: uses vast quantities of fresh water & generates toxic waste Abundant & inexhaustible Wind is free and unlimited Not transferable 25

26 Mature Technology In demand worldwide Wind power capacity installed worldwide Accumulated MW 13% 238,351 7% 9% 2% 2% 3% 3% 3% 194, , % 120,550 20% 93,835 74,052 12% 59,091 6,100 13,600 17,400 7,600 10,200 23,900 31,100 39,431 47, Source: GWEC India Spain China Germany USA Italy France UK Canada Portugal Rest of world

27 Growth trend With no tear Increase of installed wind power potence (GW) By regions, 2013e CAC (%) Portugal Turkey Brazil 42% Italy Canada 2% 4% 1% 5% 3% Spain 4% 13% 12% UK 5% France 5% Germany % China 6% 6% India % USA Sources: BTM, GWEC, EER, companies, media and Roland Berger Strategy Consultants

28 Growth in global demand Population without access to electricity: 1.3 b. in Middle East North Africa China and East Asia South Asia Latam Sub-Saharan Africa Source: IEA

29 Cost of Energy reduction Fully competitive LCoE in 2016 The COE of an average onshore wind farm will be fully competitive with coal, gas and nuclear power plants by 2016 (1) The cost of wind energy will drop 12 percent in the next five years because of gains in output efficiency and lower equipment prices o Energy from onshore wind farms is becoming cheaper, driven by turbines that drop 7% in price every time installed capacity doubles and designs that have improved output efficiency to 34% "The public perception of wind power tends to be that it is environmentally friendly, but expensive and intermittent. That is out of date, in the best locations, where generation is already costcompetitive with fossil-fuel electricity, and that will be the case for the majority of new onshore turbines installed worldwide by 2016 Justin Wu, lead wind analyst at the researcher o The levelized CoE, without subsidies, in windy locations has already dropped to 52/ MWh from 200/ MWh in This is only 6 more expensive than gas-fired power (1) Source: Bloomberg New Energy Finance: Grid Parity for Onshore Wind, 17 November

30 Economic competitiveness Levelized cost of energy The COE of an average onshore wind farm will be fully competitive with coal, gas and nuclear power plants by 2016 (1) -56% until 0.9 MM/MW From 20 to 30 years 30-78% until 11 /MWh Load factors +48% until 34% (1) Source: The Economics of Wind Energy, EWEA 2009 Report y Bloomberg New Energy Finance

31 Gamesa: CoE reduction Strategy aligned with this target Gamesa CoE reduction target of 30% by 2015 to be achieved through extended product range, higher availability and continuous innovation Economic target Impact of levers on CoE (illustrative) -30% TODAY 31-12% -8% % CoE today Product range and performance Fleet performance and availability CoE target 2013 Source: Gamesa Business Plan Continuous innovation 2015 CoE target 2015

32 Cutting CO2 emissions Fight against climate change Energy-related CO2 emissions(1) in 2030 GT of CO % 27 Emissions 2006 Forecast 2030 Effect of implementation of new policies Forecast ) Including power generation, industry, transportation, construction and other energy sectors. The 550 Policy estimates assume that the mix of low carbon energy sources increases from 19% in 2006 to 25% by 2030, boosted by an increase in renewable energy capacity of 440 GW Source: IEA World Energy Outlook 2008 The 158 GW of total capacity at year-end 2009 produced 340 TWh of clean electricity and prevented the emission of 204 million tonnes of CO2/yr 32

33 Market opportunities New solutions development Flexibility and modular capability of wind farms could offer new solutions for the electricity system given increasing difficulties in developing new electricity infrastructure (HV lines and thermal generation) because of local opposition, environmental approvals and NIMBY effect Wind energy will evolve into new applications: wind energy with storage, hybrid systems, off grid systems, self-consumption, repowering The core business remains the construction and operation of wind farms, but market niches will help diversify operations and provide suitable responses to a multitude of new situations: saturated markets, congested grids, rural and isolated areas, urban environment, environmental sensitive areas WIND ENERGY PENETRATION Wind energy with storage Repowering Small-size wind farms Large scale offshore wind farms Conventional onshore wind farms Off grid applications Self-consumption Hybrid systems COUNTRY DEVELOPMENT 33

34 Global Technology Everlasting Energy 34