Keeping Chicago a Wind Power Center. Amy France+c, Inven+on Bridge Andris Cukurs, CEO, Suzlon Wind Energy Peter Duprey, CEO, Acciona Energy NA

Transcription

1 Keeping Chicago a Wind Power Center Amy France+c, Inven+on Bridge Andris Cukurs, CEO, Suzlon Wind Energy Peter Duprey, CEO, Acciona Energy NA 1

2 Overview of Wind Power in US and IL Total installed U.S. wind capacity at the end of 2008 was 25,170 MW = 7 million average U.S. households (17 million people) Total IL wind capacity in 2009 was 1800 MW = 500,000 homes (7% of total US) DOE, NREL and AWEA advocate 20% wind power by 2030: Need bezer transmission lines, bezer supply chain, address environmental concerns 2

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4 Wind Power in IL and Leading States 4

5 Growth in Wind Power: Midwest 5

6 Environmental Concerns About Wind 6

7 Top IL Wind Project Developers Invenergy Midwest Wind Energy US Mainstream Renewable Power Acciona Energy Gamesa Energy E- ON Climate and Renewables Indeck Energy Horizon Wind Energy Wind Capital Group Fleming Energy Gaelectric Northwest PNE Wind Iberdola US Notus US 7

8 Top IL Wind Manufacturers Acciona Energy Vestas AG Suzlon Nordex Browadwind Siemens- Winergy Trinity 8

9 Andy Cukors CEO Wind Energy 9

10 Keeping Chicago a Wind Power Center The North American Market Job Creation Keeping Chicago a Wind Power Center 10

11 US Market Shares 2009 Siemens ; 12% Suzlon (7%) + REpower (3%); 10% Mitsubishi; 8% Vestas; 15% Other; 23% Clipper; 6% GE; 40% Gamesa; 6% Acciona; 2% Others 1; 1% GE Vestas Siemens Suzlon REpowe Mitsubish r i Clipper Gamesa Acciona Nordex DeWind Furlande r 3,995 1,488 1, ,922 N/A TOTAL 11

12 US Office Locations 25 Offices 600 Employees = North American HQs (Chicago) = U.S. Office Locations = Blade/Hub Manufacturing 12

13 Suzlon US Footprint 1900 Mw Washington: Kittitas Valley 48 S88 Oregon: Hay Canyon 48 S88 Pebble Springs 47 S88 Rattlesnake 49 S88 Wheatfield 46 S88 Star Point 47 S88 Leaning Juniper 43 S88 Arizona: Dry Lake 30 S88 Dry Lake II 31 S88 Idaho: Cassia 14 S88 Mtn Home 20 S88 Tuana Springs 8 S88 Utah: Spanish Fork 9 S88 Wyoming: Mtn Wind 1 29 S88 Mtn Wind II 38 S88 Happy Jack 14 S88 Silver Sage 20 S88 Texas: JD1, 2, 3, 5 & 6 40 S64 JD4 38 S88 JD S64 Ocotillo 28 S88 High Plains 8 S64 North Dakota: Rugby 71 S88 Iowa: Hardin 7 S88 Crosswinds 10 S88 Kansas: Greensburg 10 S64 Oklahoma: Sleeping Bear 45 S88 Buffalo Bear 9 S88 Minnesota: Buffalo Ridge 24 S88 Cisco 4 S88 Corn Plus 2 S88 Ewington 10 S88 Federated/Nobles 2 S88 Marshall 9 S88 Odin 10 S88 Shane Cowell 1 S88 Wind Share 3 S88 Grant County 10 S88 S64 Turbines 58 S64 Illinois: Agriwind 4 S88 Big Sky 114 S88 Missouri: Bluegrass 27 S88 Conception 24 S88 Cow Branch 24 S88 Loess Hills 4 S64 Indiana: Meadow Lake 47 S88 Pennsylvania: Forward 14 S88 Lookout 18 S S64 WTG s 813 S88 WTG s Total MW 15 States 22 OMS sites 58 Projects Does not include projects under construction 13

14 Technology and Innovation 14

15 Controls and Remote Monitoring 15

16 Education 16

17 Job Creation Skill Sets Required Engineering Operations Management Structured Finance Development Transmission Project Management Construction Management 17

18 Peter Duprey CEO North America 18

19 What s Needed To Keep Chicago A Wind Power Center Peter C. Duprey Chief Execu+ve Officer Acciona Energy North America Corp. 19

20 Company Overview Acciona At A Glance Three Integrated Core Businesses Global Presence and Size Strategic Growth Objective Renewable energy leader with global presence World leader in desalination technology and complete water treatment and services provider Global infrastructure developer transportation, installation, health, education, culture projects Over 40,000 employees in 31 countries in 5 continents 100 year history, headquartered in Madrid, Spain 59% family controlled and 41% publicly traded on the leading Spanish stock exchange IBEX Revenue 6.5bn, 2009 EBITDA 1.0bn, Market Cap 5.0bn International expansion in 11 priority countries 70% of business outside of Spain within 10 years Priority countries: European Union (Italy, Poland, Portugal), North America (Canada, Mexico, USA), Latin America (Brazil, Chile), Asia Pacific (Australia, India, Middle East) 20

21 MWs Installed By Year Unstable Policy Stable Policy 5 Years of Stable Policy In US Has Created a Robust Industry Wind Is Now A Major Contributor To Power Generation In The US Nine New Wind Turbines Manufacturers Have Established Plants in the US since 2003 Source: Emerging Energy Research, BTM Consulting

22 Wind Turbine Manufacturers Furlander Suzlon Clipper Acciona Gamesa Vestas Siemens Assembly Siemens (Blades) GE Legend Competitors Nordex GE DeWind GE (Blades) 22

23 Factors For Stable Growth Renewable incentives need to be financeable Predictable Cash flows Standard underwriting and allocation of risk Incentives need to be long term in nature to attract investment Factories and people are long term investments A typical wind farm costs $220MM requires stable cash flows Transmission Investment will facilitate the movement of renewable energy The benefits of a distributed generation source requires investment Need more stable energy prices 23

24 Case Study: Spain Spain Renewables: 2009 Snapshot 188,000 jobs (89,000 direct, 99,000 indirect) 1,300 companies including 3 of the top 10 wind energy companies in the world Wind industry contribution to GDP: 3.2bn 0.35% of GDP measured by value added Installed capacity: 16GW wind and 3GW solar at end Renewables produced 20.5% of electricity output Wind companies invest 11% of gross value added in R&D Spanish companies lead European research efforts in deep off-shore wind power Energy import savings 1bn RES: Renewable Energy Sources, including hydro 24

25 Case Study: Germany Germany Renewables: 2009 Snapshot Renewable Energy industry worth 25bn, measured by turnover 250,000 jobs Wind industry exports 5.7bn Renewables supplied 14% electricity: output doubled in five years 34GW installed RES electricity capacity 4.3bn in energy import savings (electricity/heat/fuel) RES: Renewable Energy Sources, including hydro 25

26 Ontario A Well Thought Out Scheme Transmission Investment C$ 2.3B Predictable Energy Pricing Transparency Clear Permitting Requirements Standard noise requirements Standard environmental approach Local content requirements Setback minimums A Holistic Approach To Renewable Development 26