0413 Fact Book for EWEC
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Fact Book Renewable Energy Focus on Offshore & Onshore Wind Table of contents 1 RWE Innogy 3 2 Business Approach 12 3 Wind Offshore 17 4 Wind Onshore 30 RWE Innogy | Factbook Renewable Energy PAGE 2 RWE Innogy RWE Innogy | Factbook Renewable Energy PAGE 3 Focus on wind, hydro and biomass while also supporting new technologies RWE Innogy Overview > Established in February 2008 > Bundling renewables activities and competencies across RWE Group – Focus on capacity growth in commercially mature renewable technologies, i.e. wind, biomass and hydro – Research & Development and Venture Capital to drive the development of emerging technologies, e.g. solar, geothermal, marine > European focus > Asset portfolio of 2.2GW in operation and 0.4GW under construction mainly located in United Kingdom, Germany, Spain, Netherlands, Italy, France and Poland (Accounting view + PPA as at Q4 2009) > Project pipeline of 16.7GW consisting mainly of wind, hydro and biomass (Accounting view + PPA as at Q4 2009) Business Wind onshore Wind offshore Hydro Biomass New technologies Area Focus and Key technology for Key technology for Run-of-river projects and Development of biomass Driving innovative Strategy capacity growth capacity growth storage plants plants (> 5 MW) renewable technologies Focus on organic growth Organic growth strategy Development of hydro Regional focus on RWE to commercial leveraging strong power projects core markets and applications through Focus markets include Venture Capital, Germany, UK, Spain, position in UK Focus areas are Central- Central- and South- Eastern Europe Demonstration plants Italy, Netherlands, Focus markets include and South-Eastern and R&D France and Central- and UK, Germany and Europe South-Eastern Europe Netherlands RWE Innogy | Factbook Renewable Energy PAGE 4 RWE Innogy management team: experienced – well connected – international Prof. Dr. Fritz Vahrenholt Dr. Hans Bünting Paul Coffey CEO CFO COO > Hydro Power > Information > Commercial & New Applications Management > Wind EE > Biomass > Legal > Wind UK > Communication > M & A > Wind WE > Markets & Political > Finance > Wind Offshore Affairs/CR > Procurement > European Health > Human Resources > Tax, Accounts & Safety > Strategy & Ventures & Treasury > Technical Support Education > Degree in chemistry > Degree in business administration > Degree in business and finance > Doctorate in chemistry > Doctorate in business administration (both University of Münster) (both University of Bochum) Career > 2001 – 08 CEO REpower Systems AG, > 2004 – 08 Head of risk management > 2008 – 09 Managing Director Milestones Hamburg RWE AG Operations & Technology, > 1998 – 01 Member of the Board > 2000 – 04 RWE Trading GmbH, Generation, at RWE npower plc of Directors of Deutsche Shell AG various management positions > 2007 – 08 Managing Director npower > 1991 – 97 Senator and Principal of the in finance and risk controlling Business, Retail, at RWE npower plc City of Hamburg Environmental Ministry > 1995 – 00 RWE Energie AG, > 2005 – 07 Director Commercial Asset > 1984 – 90 Deputy Minister City of Hamburg various positions in finance Management, Generation, at RWE Environmental Ministry and risk controlling npower plc > 1981 – 84 Head of Department of Environ- > 1990 – 95 Ruhr-University Bochum, > 2002 – 05 Head of Commercial mental Policy, Waste Management and Air research associate Development, European Wholesale Pollution Control at the Hessian Ministry of Origination at RWE Trading GmbH Regional Development, Environment, > 1989 – 02 Diverse range of positions Agriculture and Forestry at Northern Electric Plc including: > 1976 – 81 Head of Section Chemical energy retailing, trading & risk Industry, Federal Environment Agency management and power generation RWE Innogy | Factbook Renewable Energy PAGE 5 Strong European footprint with focus on wind and hydro Innogy’s operational capacities: Accounting view + PPA, Q4 2009 Onshore Offshore In MW Wind Hydro Biomass Wind Biogas Solar Total el Onshore Wind Germany 427 376 94 4 1 902 Offshore Wind Biomass UK 288 1) 69 150 1) 507 Hydro [135 2) ] New Applications Spain 401 12 413 Netherlands 232 232 France 28 45 73 Poland 41 41 NL Switzerland 23 23 Poland Czech Republic 20 20 UK Portugal 1 16 17 BE Total GER RWE Innogy 1,418 541 114 3) 150 4 1 2,228 Czech Republic (data as at 31 Dec 2009) France Switzerland 1) 288 MW = 92 MW Innogy wholly owned assets + 196 MW of Zephyr assets. RWE Innogy operates 483 MW, of this 391 MW (331 MW onshore/60 MW offshore) is owned by Zephyr Investments Ltd which is 1/3 owned by RWE Innogy. Of the 331 MW onshore, 196 MW is 100% contracted to RWE npower through PPAs (power purchase agreements). The remaining 92 MW is onshore and 100% owned by RWE Innogy and 100% contracted to RWE npower through a PPA. Of the total 150MW offshore capacity, 60MW is 100% contracted to RWE npower through a PPA. 2) An additional capacity of 135 MW is contracted to the NFPA (Non-Fossil Fuel Purchasing Agency, Portugal est. 1989 to support renewables by offering long term PPAs and new projects were typically Spain contracted in this way until the introduction of the Renewables Obligation in 2002). 3) Including 32 MW of biomass/fossil mix, 14 MW of fossil capacity. RWE Innogy | Factbook Renewable Energy PAGE 6 We plan to increase the installed generation capacity significantly Value oriented growth strategy Capacity growth targets (in GW, pro rata) > Objective is profitable growth of renewables business 12 > We want to increase our capacity to 4.5 GW Assets in operation or under construction > 10 in operation or under construction by 2012 10 Assets under construction and exceed 10 GW by 2020 Assets in operation Essent – Strong organic growth (incl. development 8 of acquired pipeline) and selective strategic Assets in operation RWE Innogy acquisitions 6 – Average investments of at least € 1 bn p.a. 4.5 – Value creation in line with RWE's strict investment criteria 4 2.5 3) 15 TWh/a 4) > We will be operating in markets we know – 1.7 2) our focus is on Europe 2 1.3 1) > Innovative renewable technologies offer additional growth options 0 Dec 2007 Dec 2008 Sept 20092012 2020 1) Composed of 1,100 MW capacity in operation and 211 MW under construction (pro rata). 2) Composed of 1,271 MW capacity in operation and 470 MW under construction (pro rata). 3) Composed of 2,039 MW capacity in operation (incl. 637 MW Essent, which was consolidated as of Sept 30, 2009) and 482 MW under construction (pro rata). 4) Minimum annually generated electricity to be achieved from 2013 onwards on the basis of the 4.5 GW target. RWE Innogy | Factbook Renewable Energy PAGE 7 Germany plays an important role both in today's asset base and growth ambitions RWE Innogy assets Germany 2) RWE Innogy activities Germany > RWE Innogy's headquarters located in Essen; Schmarloh Putlitz additional offices in Hamburg, Hannover, Dortmund, Berlin Bartelsdorf Krusemark > Leading German onshore wind farm operator Stemwede Berlin > 45 run-of-river and storage plants along Malterhausen Mosel, Saar and Ruhr rivers Barbecke > Biomass and fossil CHP plants operated Bergkamen Güterglück and developed by RWE Innogy Cogen Grevenbroich > First Biogas plants in Grevenbroich and Güterglück Gelsenkirchen Lesse Neurath/Paffendorf In Under Elisenhof 1) Waldbröl/Siegen Capacity (MW el ) operation construction Sechtem Lichtenau Urfeld Wind onshore 427 2) 18 Kirf Herdecke Wind offshore 295 Bernkastel Siegen-Wittgenstein Biomass 94 3) 20 Aschaffenburg Heidelberg Bingen Biogas 4 Saarwasserkraftwerke Kehl Hydro 376 RADAG Solar 1 Hydro plants Biomass plants Biogas plants Wind sites Solar sites (Accounting view + PPA as at Q4 2009) 1) Table shows electrical capacity respectively equivalent electrical capacity only. 2) Includes 405 MW Essent onshore wind capacities. 3) Includes 46 MW el dedicated biomass, 14 MW el mixed fossil/biomass and 14 MW el fossil capacity. RWE Innogy | Factbook Renewable Energy PAGE 8 RWE Innogy has a significant track record and strong position in the UK RWE Innogy assets UK RWE Innogy activities UK > RWE Innogy’s UK activities comprise the wind and Causeymire Garrogie hydro power assets of RWE npower renewables, and RWE npower’s share of the Zephyr portfolio of Inverbain Novar onshore and offshore wind energy projects Garry Gualach Farr > A significant pipeline of onshore and offshore wind Glen Tarbert Beinn Ghlas projects at various stages of development Braevallich Stanley Mills > Two major biomass projects under development at Auchtertyre Blantyre Stallingborough (65 MW el ) and Markinch (52 MW el ) Kielder Windy Standard > RWE Innogy’s headquarters in the UK are located in Tow Law Swindon Kirkby Moor Hameldon Hill North Hoyle Lambrigg Dolgarrog In Under Trysglwyn Capacity (MW ) operation construction The Hollies el Rhyl Flats Dulyn Wind onshore 288 1) 38 Lynn Alaw Garnedd 2) Cwm Dyli Gynwyd Wind offshore 150 252 Bryn Titli Mynydd Gorddu Biomass/Biogas 50 Ffynnon Oer Taff Ely Cwm Coesor Carno Hydro 69 1 Bears Down Little Cheyne Court Solar Hydro plants Onshore Wind sites Offshore Wind sites (Accounting view + PPA as at Q4 2009) 1) 288 MW = 92 MW Innogy wholly owned assets + 196 MW of Zephyr assets. Please refer to footnote on page 9 for further explanation. 2) Owned by Zephyr Investments Ltd. which is 1/3 owned by RWE Innogy UK. The 60 MW capacity is 100% contracted to RWE npower through PPAs (power purchase agreements). 90 MW offshore wind farm Rhyl Flats was fully commissioned on December 2nd 2009 and is thus not included in capacities in operation as of September