Powering Change

Total Page:16

File Type:pdf, Size:1020Kb

Powering Change POWERING CHANGE FINANCIAL RESULTS FOR THE YEAR TO 31 MARCH 2021 26 May 2021 DISCLAIMER This presentation contains forward-looking statements about financial and operational matters. Because they relate to future events and are subject to future circumstances, these forward-looking statements are subject to risks, uncertainties and other factors. As a result, actual financial results, operational performance and other future developments could differ materially from those envisaged by the forward-looking statements. SSE plc gives no express or implied warranty as to the impartiality, accuracy, completeness or correctness of the information, opinions or statements expressed herein. Neither SSE plc nor its affiliates assume liability of any kind for any damage or loss arising from any use of this presentation or its contents. This presentation does not constitute an offer or invitation to underwrite, subscribe for, or otherwise acquire or dispose of any SSE shares or other securities and the information contained herein cannot be relied upon as a guide to future performance. 2 OVERVIEW Powering change £7.5bn capex plan Regulated businesses • Construction well under way on Seagreen, • Around £2.8bn Transmission totex in T2 with Viking and Dogger Bank significant potential for further growth • Leading construction of more offshore wind • Distribution business plan including net zero than anyone else in the world generated growth, to be submitted July 2021 £2bn+ disposals programme Developing growth options • Agreed transactions will yield over £1.5bn • Pipeline of domestic offshore opportunities proceeds with international options • Expect total to be well in excess of £2bn • Opportunities in pumped storage, CCS, target on completion of prospective SGN sale hydrogen and batteries SSE Financial Results for the year to 31 March 2021 3 Presenter: Alistair Phillips-Davies RESULTS TO 31 MARCH 2021 PROGRESS 4 PROGRESS The people behind our purpose Coronavirus • Supported the safe and reliable supply of electricity • Played our part in national pandemic effort • No rates relief received or employees furloughed • Implemented measures to provide flexible and safe working Safety performance • 47 Total Recordable Injuries reported versus 55 in the previous year SSE Financial Results for the year to 31 March 2021 5 Presenter: Alistair Phillips-Davies PROGRESS Sharpening our net zero focus Recycling capital into low-carbon electricity businesses and streamlining SSE’s asset portfolio Key roles Key roles facilitating decarbonising electrification and Net electricity Zero Renewables Transmission Distribution Offshore Wind | Onshore Wind North of Scotland North of Scotland Regulated assets Hydro Skills in large provide portfolio South of England capital projects and stability asset management Common skills Understanding and (e.g. asset management, managing market and stakeholder engagement, regulatory risks regulation) Flexible thermal complements wind variability Delivering clean and distributed energy (e.g. EV, heat pumps) to customers Thermal Customer businesses Enterprise Gas generation | Gas storage Airtricity Distributed Energy Gas CCS* | Hydrogen* Business Energy EPM * Future options Route to market Access to market SSE Financial Results for the year to 31 March 2021 6 Presenter: Alistair Phillips-Davies PROGRESS Meeting our objectives Building a better world of energy • SSE Greenprint published May 2020 • Supporting increasingly ambitious climate action targets • Principal Partner for COP26 Remunerating shareholders • 81p DPS in line with plan • Reiterating commitment to delivering remainder of dividend plan to FY23 SSE Financial Results for the year to 31 March 2021 7 Presenter: Alistair Phillips-Davies RESULTS TO 31 MARCH 2021 PERFORMANCE 8 PERFORMANCE Financial highlights – Managing the impact of coronavirus No material adverse impact on financial performance of Renewables, Transmission or Thermal 2020/21 Estimated Estimated EBIT • Reduced demand for electricity mainly Gross Impact % Impact affecting DUoS (of which £34m is SSEN Distribution £40m 10% recoverable in future periods) Customer businesses £80m 80% • Excess electricity hedges with negative mark to market valuations Enterprise £40m 180% • Higher level of customer bad debt SGN £5m 5% • Reduced customer demand for Corporate unallocated £5m - electricity and related services Total £170m 10% Impact of coronavirus is reflected within adjusted operating profit, with estimated 13 pence impact on adjusted EPS SSE Financial Results for the year to 31 March 2021 9 Presenter: Gregor Alexander PERFORMANCE Financial highlights – Income Statement (continuing operations1) Adjusted 1 FY21 FY20 Key movements • Adjusted EPS in the middle of the expected Operating Profit - £m 1,506.5 1,488.4 range provided in closed period notice Profit Before Tax - £m 1,064.9 1,023.4 • Adjusted and reported results include: • Adverse effect of coronavirus of £170m EPS - pence 87.5 83.6 • Developer profits on Seagreen and Dogger Bank A&B equity disposals Reported 1 FY21 FY20 • Reported results include: Operating Profit - £m 2,743.5 963.4 • £877.8m of net exceptional gains from disposal of non-core assets Profit Before Tax - £m 2,516.4 587.6 • Positive mark-to-market movements of £590.1m on commodity contracts and EPS – pence 215.7 40.6 £55.7m on financial derivatives. 1FY21 discontinued operations: Gas Production assets adjusted and reported operating profit £33.0m (FY20 - £25.8m adjusted / £(265.5)m reported) SSE Financial Results for the year to 31 March 2021 10 Presenter: Gregor Alexander PERFORMANCE Financial highlights – Disposals of non-core assets 1 Headline Consideration FY21 Reported Gain / Agreed Disposals £m (Loss) on Sale £m Walney offshore wind farm 350.0 188.7 MapleCo meter asset provider 95.3 70.4 Multifuel Energy 995.0 669.9 Gas Production assets 2 120.0 - Contracting & Rail 3 22.5 (51.2) Total 1,582.8 877.8 1 Disposals of non-core assets excludes disposals during the year in Dogger Bank, Seagreen and Slough Multifuel. 2 Upfront consideration of £25m, with a £95m (adjusted for certain items) loan note repayable in 2024 and excludes up to £40m contingent upon future gas prices. 3 Upfront consideration of £17.5m (adjusted for certain items), a £5m loan note repayable in 2026 and excludes up to £5m contingent upon achieving FY22 EBITDA performance Agreed disposals represent approximately 3 pence dilution to adjusted EPS on a normalised basis Financial stake in SGN • Highly successful investment for the group • Plan to divest all of remaining investment • Synergies with low-carbon electricity less clear • Expect to commence formal process mid-summer SSE Financial Results for the year to 31 March 2021 11 Presenter: Gregor Alexander PERFORMANCE Movement Core businesses (inc. investment in SGN) • Increased revenue activity offset by increased operational costs and Adjusted EBIT (£m) FY21 FY20 depreciation charges SSEN Transmission 220.9 218.1 • Mainly reduced demand as a result of SSEN Distribution 267.3 356.3 the impact of coronavirus Investment in SGN 173.0 202.3 • Reduction in non-recurring commercial income and increase in system costs Total regulated networks 661.2 776.7 from change in charging methodology Hydro (inc. pumped storage) 238.3 191.1 • Higher availability on pumped storage and price capture offsetting lower Onshore wind 149.4 201.4 volume Offshore wind 344.1 174.8 • Reduced volumes due to weather Total SSE Renewables 731.8 567.3 • Developer profits of £226m on Seagreen and Dogger Bank Total core businesses (inc. SGN) 1,393.0 1,344.0 • Volumes down reflecting Walney disposal and weather conditions. SSE Financial Results for the year to 31 March 2021 12 Presenter: Gregor Alexander PERFORMANCE Movement 1 Other businesses – continuing operations • Strong operational performance • FY20 included non-recurring GB Adjusted EBIT (£m) FY21 FY20 Capacity Market reinstatement income • FY21 includes developer profit on sale Total core businesses 1,393.0 1,344.0 of 50% stake in Slough Multifuel SSE Thermal 160.5 152.7 • Reflecting market conditions Gas Storage (5.7) 3.7 Business Energy (24.0) 9.2 • FY21 loss reflects coronavirus impacts • FY20 profit impacted by higher bad Airtricity 44.0 48.8 debts and non-commodity costs. EPM (inc. Gas Production contracts) 18.4 (60.3) • FY20 losses reflect the tail end of issues in 2018 Enterprise (21.3) 8.1 • Small operating profit now expected each year Total other businesses 171.9 162.2 • Contracting & Rail business Corporate unallocated (58.4) (17.8) significantly impacted by coronavirus SSE Group 1,506.5 1,488.4 • Change in recovery, following Energy 1FY21 discontinued operations: Gas Production assets adjusted and reported operating profit Services disposal in January 2020 £33.0m (FY20 - £25.8m adjusted / £(265.5)m reported) SSE Financial Results for the year to 31 March 2021 13 Presenter: Gregor Alexander PERFORMANCE • Gains on disposal of Walney, Reconciling adjusted and reported numbers MapleCo, Multifuel and expected loss on disposal of Contracting & Rail Income Statement - £m FY21 • £590.1m MTM gains on out-of-the Adjusted EBIT 1,506.5 money commodity contracts and £8.5m stock revaluation Disposals of non-core assets 877.8 • Fair value uplifts on sale of 51% in Seagreen and 50% in Slough Multifuel, IFRS 9 commodity remeasurements 598.6 offset by depreciation on historic fair value uplifts Net fair value adjustments on disposals 26.4 • True-up adjustments on prior year exceptional transactions and charges Prior year disposals and true-ups (43.0)
Recommended publications
  • ISSUE 756 – 12 April 2021 Bmus
    ISSUE 756 – 12 April 2021 BMUs assemble: ESO Summer Government to BEIS consults on Outlook: electricity introduce Electricity requiring CMUs to demand to be met in System Restoration have BMU IDs all scenarios Standard ENERGY SPECTRUM ISSUE 756 | Pg. 1 ISSUE 756 Contents 4 Energy Perspective BMUs assemble: BEIS consults on requiring CMUs to have BMU IDs 7 Policy Government to introduce Electricity System Restoration Standard Government proposes mandatory climate-related financial disclosures Parliamentary update for weeks 13 and 14 12 Regulation CMA dismisses appeal against Ofgem’s decision on generator residual reforms Ofgem proposes Strategic Innovation Fund challenges 16 Industry Structure ESO Summer Outlook: electricity demand to be met in all scenarios UK carbon emissions were down 10% in 2020 20 Nutwood Octopus Energy: heating goes electric 21 OCS update April 2021 23 Markets ENERGY SPECTRUM ISSUE 756 | Pg. 2 ISSUE 756 Week in review We will be running a short webinar tomorrow morning (13 April) at 9am for Energy Spectrum subscribers, to briefly go through some of the main stories in this issue, with Senior Consulting Analyst James Cunningham discussing the Energy Perspective. We will also look forward to what will be in the next issue. You can sign up here to register. Monday 05/04 – National Grid Electricity System Operator reports that electricity generated was “the greenest it’s ever been” at 1pm on Monday 5 April. The Chancellor chairs a meeting with G7 counterparts Nick Palmer Tuesday 06/04 – Editor where they agreed a green agenda ahead of COP26. The majority of new homes 01603 542125 in England are in the most energy efficient bands, according to recent figures [email protected] published by government.
    [Show full text]
  • Saipem Secured for Dogger Bank
    WEDNESDAY 22 JULY 2020 SAIPEM SECURED FOR DOGGER BANK Saipem contracted to transport and install two offshore platforms for project’s first two phases Dogger Bank Wind Farm is pleased to welcome Saipem to the world’s largest offshore wind farm project. The project is located more than 130km off the North East coast of England and is made up of three phases: Dogger Bank A, Dogger Bank B and Dogger Bank C. In total, the project will be able to power over 4.5 million homes, contributing significantly towards the UK’s net zero ambition. Saipem will utilize its state-of-the-art heavy lift vessel Saipem 7000 to transport and install two offshore HVDC (High Voltage Direct Current) platforms for the first two phases of the offshore wind farm development: Dogger Bank A and Dogger Bank B. Both platforms will consist of a ca. 2,900- tonne jacket and a ca. 8,500-tonne topside. Dogger Bank is the first project to use HVDC technology in the UK’s offshore wind market. Offshore construction at the project will be undertaken in consecutive phases, with onshore construction already underway for Dogger Bank A and B. Steve Wilson, Dogger Bank’s Project Director, said: “We’re really pleased to welcome Saipem to the Dogger Bank Project and look forward to working with them. They have extensive experience in the installation of large offshore platforms which will be essential to ensure the safe and efficient installation of the offshore HVDC platforms for Dogger Bank A and B.” Guido D’Aloisio, Head of Saipem’s newly established Offshore Renewables Business Line commented: “The project with Dogger Bank is a significant endeavour for the UK’s offshore wind industry and we are very pleased to contribute to this strategic development.
    [Show full text]
  • Carbon Trust 2020
    Acknowledgments This summary report has been produced by the Carbon Trust, with specific sections informed by studies delivered by the following external technical contractors: • Turbine requirements and foundation scaling: Ramboll • Heavy lift offshore operations: Seaway 7 • Dynamic export cable development: BPP Cable Solutions • Monitoring and inspection: Oceaneering Study results are based on an impartial analysis of primary and secondary sources, including expert interviews. The Carbon Trust would like to thank everyone who has contributed their time and expertise during the preparation and completion of these studies. Special thanks to the following organisations: ABS, AeroDyn, Boskalis, BV, ClassNK, DEIF, DEME Offshore, DNV GL, Glosten, GustoMSC, Ideol, Lloyd's Register, LM Wind Power Blades, MESH Engineering, MHI Vestas, NREL, Principle Power, Royal IHC and Offshore Wind Logistics / Saipem, SBM Offshore, Senvion, Siemens Gamesa, SSB, SwissRe, TheSwitch, Timken, TÜV Nord, Valmont SM Disclaimer The key findings presented in this report represent general results and conclusions that are not specific to individual floating wind concepts. Caution should therefore be taken in generalising findings to specific technologies. It should be noted that information and findings do not necessarily reflect the views of the supporting industry partners but are based on independent analysis undertaken by the Carbon Trust and respective external technical contractors. Published: July 2020 The Carbon Trust’s mission is to accelerate the move to a sustainable, low carbon economy. It is a world leading expert on carbon reduction and clean technology. As a not-for-dividend group, it advises governments and leading companies around the world, reinvesting profits into its low carbon mission.
    [Show full text]
  • Generating Benefits in the Great Glen Sse Renewables’ Socio-Economic Contribution Generating Benefits in the Great Glen
    GENERATING BENEFITS IN THE GREAT GLEN SSE RENEWABLES’ SOCIO-ECONOMIC CONTRIBUTION GENERATING BENEFITS IN THE GREAT GLEN ABOUT SSE RENEWABLES FOREWORD SSE Renewables is a leading developer and operator of renewable Over the years, the purpose of SSE Renewables has gone unchanged – to provide energy, with a portfolio of around 4GW of onshore wind, offshore people with the energy they need – but the world around us is moving quickly. With wind and hydro. Part of the FTSE-listed SSE plc, its strategy is to only 30 years to reach Net Zero carbon targets set by governments in the UK and drive the transition to a zero-carbon future through the world around the world, we believe concerted action against climate change is necessary. class development, construction and operation of renewable energy assets. In response, we have redoubled our efforts to create a low carbon world today and work towards a better world of energy tomorrow. We’ve set a goal to treble our SSE Renewables owns nearly 2GW of onshore wind capacity renewable output to 30TWh a year by 2030, which will lower the carbon footprint of with over 1GW under development. Its 1,459MW hydro portfolio electricity production across the UK and Ireland. Potential future projects in the Great includes 300MW of pumped storage and 750MW of flexible hydro. Glen can make significant contributions towards this goal. Its offshore wind portfolio consists of 580MW across three offshore sites, two of which it operates on behalf of its joint venture partners. For SSE Renewables, building more renewable energy projects in the Great Glen is SSE Renewables has the largest offshore wind development about more than just the environment.
    [Show full text]
  • Irish Renewable Energy Summit 2018 Copy
    Irish Renewable Energy Summit 2020 Transition to a renewables-led energy system Croke Park, Dublin ● Thursday 20th February 2020 In partnership with Sponsored by Organised by Irish Renewable Energy Summit 2020 The major annual conference for the Irish renewables sector To date renewable energy has been focused on the electricity sector with 40 per cent of electricity generated from renewable sources. The Climate Action Plan has an ambitious target of 70 per cent of electricity from renewable sources by 2030. Although there has been less progress made on renewable sources in the heat and transport sectors, both these sectors are central to the Climate Action Plan: there is an ambitious target to electrify mobility with 950,000 electric vehicles by 2030; and an equally ambitious target to deliver 600,000 renewable energy heating sources in homes and 25,000 in commercial premises. The out-workings of the Plan will see a surge in renewable energy development over the next decade. The 2020 Irish Renewable Energy Summit will look at the practical implications of the Climate Action Plan to 2030 and how renewables will develop across electricity, heat and transport. Climate Action Plan With the publication of the Government’s Climate Action Plan, there is now a clear pathway to a low carbon economy in Ireland. Renewable energy is pivotal to the Plan. Ireland will see an acceleration in renewable energy development over the coming decade. Key aspects of the Climate Action Plan include: 4 70% of electricity from renewable sources by 2030; ‘The Plan envisages radical change. 4 An additional 12GW of electricity from renewable sources including onshore and In 2030, we will have 5 times the amount offshore wind, solar and bioenergy by 2030; of renewables on our grid that we have today (requiring capacity to peak at 4 3.5GW of offshore wind based on competitive auctions; 95% electricity generation from 4 400,000 heat pumps to be installed by 2030; renewable sources).
    [Show full text]
  • Offshore Wind Regenerating Regions - Investment and Innovation in the UK
    Offshore Wind Regenerating Regions - Investment and Innovation in the UK November 2017 Offshore Wind: Regenerating Regions - Investment and Innovation in the UK 1 1 RenewableUK RenewableUK is the not-for-profit trade association representing the onshore and offshore wind, wave and tidal energy industries and their supply chains, with over 400 member companies based throughout the county, from large multinationals to small businesses. All information in this document is provided by RenewableUK and has been sourced from either Offshore Wind Week partners or publicly available information. This information is correct as of October 2017 Front cover photo credit: Innogy 02 Offshore Wind: Regenerating Regions - Investment and Innovation in the UK Contents Foreword 4 Introduction 6 Summary of Offshore Wind Activity in the UK 7 East of England 8 Feature: Galloper Wind Farm 11 Feature: East Anglia ONE 12 North East 13 Feature: Evolving the Industrial Revolution 16 North West, Wales and Northern Ireland 17 Scotland 20 Feature: Beatrice Offshore Windfarm Limited 23 Feature: Innovation in Scotland 24 Feature: Moray Offshore Windfarm (East) Limited 25 South of England 26 Feature: MHI Vestas - Supply Chain Heroes 29 Yorkshire and The Humber 30 Feature: Triton Knoll 33 Feature: Ørsted: Hornsea Project One 34 Supported by Renewables 04 Offshore Wind: Regenerating Regions - Investment and Innovation in the UK Foreword This year, we found out that Britain has backed a winner. Offshore wind has fallen in cost by nearly 50% in just two and a half years. In achieving this, the industry has rewritten the rules for how to deliver cost reductions in energy through innovation and new business models.
    [Show full text]
  • Transmission Networks Connections Update
    Transmission Networks Connections Update May 2015 SHE-T–TO SPT–TO NG–TO/SO SHE-T–TO SPT–TO NG–TO/SO Back to Contents TNCU – May 2015 Page 01 Contents Foreword ////////////////////////////////////////////////////////////////// 02 1. Introduction /////////////////////////////////////////////////////////// 03 2. Connection timescales ///////////////////////////////////////////// 04 Illustrative connection timescales /////////////////////////////////////// 04 Connections by area /////////////////////////////////////////////////////// 05 3. GB projects by year ///////////////////////////////////////////////// 06 Contracted overall position /////////////////////////////////////////////// 08 Renewable projects status by year ///////////////////////////////////// 10 Non-Renewable projects status by year – Excluding Nuclear /// 11 Non-Renewable projects status by year – Nuclear only ////////// 12 Interconnector projects status by year //////////////////////////////// 13 4. Additional data by transmission owner ///////////////////////// 14 National Grid Electricity Transmission plc //////////////////////////// 16 Scottish Hydro Electricity Transmission plc ////////////////////////// 18 Scottish Power Transmission Limited ///////////////////////////////// 20 5. Connection locations /////////////////////////////////////////////// 22 Northern Scotland projects map //////////////////////////////////////// 25 Southern Scotland projects map /////////////////////////////////////// 28 Northern England projects map /////////////////////////////////////////
    [Show full text]
  • Members' Directory 2019-2020
    Directory Sponsor MEMBERS’ DIRECTORY RenewableUK 2019-2020 Members’ Directory 2019-2020 Members’ Directory Micro Grid Renewables Generation Solar Electricity Trading Transmission Distribution Demand-Side Centralised Power Response Generation Smart Storage Cities Wind Smart Homes User Demand EVs 25 EUR million Sales in more than Established 6 manufacturing State of the art average annual investments facilities (last 3 years) 50 countries 1950 plants in 3 countries Who we are Tracing its industrial roots back to 1950, Cablel® Hellenic Cables has evolved into a leading European provider of reliable and competitive cable solutions. With 6 manufacturing plants across 3 countries, Cablel® Hellenic Cables covers a wide range of cable products and solutions, from Land and Submarine Power cables to Fiber Optics, Telecommunication cables and Magnet Wires. Cablel® Hellenic Cables offers a wide range of integrated solutions, including design, manufacturing, planning, project management and installation. In-house R&D and testing facilities guarantee continuous product development and innovation. As the world’s need for sustainable and reliable flow of energy and information continues to increase, we remain focused on our mission to provide top-quality products and services meeting the highest technical and sustainability standards set by our customers. HEAD OFFICE: 33, Amaroussiou - Halandriou Str., 151 25 Maroussi, Athens, GREECE Tel.: +30 210 6787 416, +30 210 6787 900, Fax: +30 210 6787 406 [email protected] www.cablel.com 09-13-2019_KX_CABLEL_168x240mm_FINAL.indd
    [Show full text]
  • Renewable Energy in Scotland
    Feature article Renewable energy in Scotland AN EXCELLENT WIND RESOURCE, POWERFUL COASTLINES AND A WEALTH OF WOODLAND GIVE SCOTLAND AN UNDENIABLE ADVANTAGE IN THE RENEWABLE ENERGY RACE. AND SCOTLAND’S POLITICIANS APPEAR KEEN ON USING THIS CLEAN ENERGY POTENTIAL AS A MAJOR TOOL TO DRIVE ECONOMIC DEVELOPMENT. DERRY ALLDRITT AND DAVID HOPWOOD REPORT. In recent decades the oil resource in the North Sea has been pivotal in boosting Scotland’s economy. But this is slowly changing, and many energy experts believe Scotland’s key carbon resources – which are also crucial to the rest of the UK – are on the wane. According to a recent report by the UK Industry Taskforce on Peak Oil and Energy Security, the UK became a net importer of oil at the begin- ning of 2006, shortly before the peak in global oil production – in fact oil production from the North Sea (west of Shetland), peaked in 1999, and has since fallen from 137 million tonnes to 72 million tonnes. The report also speculates that this oil field will effectively run out by “about 2020”. This will clearly have a major effect on the UK’s balance of payments, not to mention loss of income from North Sea oil, and a drop in oil-related jobs. And this effect is sure to be highlighted especially in Scotland. “For the UK, ‘peak oil’ is no longer a matter of theoretical debate,” claims Dr Robert Falkner at the London School of Economics, writing in the above-mentioned report: “Ever since oil production in the North Sea started to decline just over a decade ago, the prospect of continuously dwindling petroleum reserves has become part of the country’s new economic reality…and as the UK is becoming more dependent on energy imports, the parameters of energy policy are shifting.” Scotland is well placed to take advantage of this shift in energy policy, and one of the most prominent politicians in Scotland, Scottish National Party leader Alex Salmond, has gone on record to say he wants the country to “lead the world in renewable energy”.
    [Show full text]
  • Onshore Wind Direct & Wider Economic Impacts
    Onshore Wind Direct & Wider Economic Impacts May 2012 RenewableUK is the trade and professional body for the UK wind and marine renewables industries. Formed in 1978, and with 595 corporate members, RenewableUK is the leading renewable energy trade association in the UK. Wind has been the world’s fastest growing renewable energy source for the last seven years, and this trend is expected to continue with falling costs of wind energy and the urgent international need to tackle CO2 emissions to prevent climate change. In 2004, RenewableUK expanded its mission to champion wave and tidal energy and use the Association’s experience to guide these technologies along the same path to commercialisation. Our primary purpose is to promote the use of wind, wave and tidal power in and around the UK. We act as a central point for information for our membership and as a lobbying group to promote wind energy and marine renewables to government, industry, the media and the public. We research and find solutions to current issues and generally act as the forum for the UK wind, wave and tidal industry, and have an annual turnover in excess of four million pounds. This report has been produced by BiGGAR Economics for DECC and RenewableUK. Contents 1. Introduction 1 2. Summary of Report 3 3. Economic Linkages 10 4. Direct and Supply Chain Economic Impact of UK Onshore Wind in 2011 23 5. Potential Direct and Supply Chain Impacts to 2020 30 6. Wider Impacts 40 7. Exchequer Impacts 46 8. Summary of Employment Impacts 49 9. Appendix A – Methodology 51 10.
    [Show full text]
  • Board Election 2014 Supporting Materials
    Board Election 2014 Supporting Materials Name: Johnnie Andringa Company: Gaia-Wind Ltd Proposer: Maria McCaffery, RenewableUK Seconder: David Cunningham, Sgurr Energy Johnnie Andringa, CEO of Gaia-Wind Ltd, is widely recognised as one of the leading figures in the small wind industry in Scotland and across the UK. His expertise has developed from over 20 years hands-on experience working in both engineering and business development roles. His knowledge and insight have been instrumental in the success of these organisations and his investment in technology and business development has helped drive forward the small wind turbine market. A former winner of a Scottish Renewables Green Energy Award, Gaia-Wind Ltd is a leading UK manufacturer of small wind turbines. The company’s headquarters in Glasgow integrates all aspects of the process from R&D, design engineering, production and testing, as well as global distribution and supply chain management. Under Johnnie’s leadership, Scotland’s fastest growing private company in 2012 has seen solid growth and the development of a global export market. Johnnie has boardroom experience as; a board member and chairman of Mecal BV in the Netherlands; a member of University of Strathclyde’s Industrial Advisory Board and a Board director of Gaia-Wind. Totally committed to the future of the sector, Johnnie’s standing in the industry and his personal and professional reputation, engagement and experience are assets which can be utilised to the benefit of the wider membership of Scottish Renewables. Engaged at Scottish, UK and international levels in promoting the renewables industry, he is well known and respected in both Holyrood and Westminster, having regular and fruitful contact with key politicians and officials in both.
    [Show full text]
  • EOR0765 Arklow Scoping
    Sure Partners Limited ARKLOW BANK WIND PARK PHASE 2 OFFSHORE INFRASTRUCTURE Environmental Impact Assessment Scoping Report EOR0765 Scoping Report Final 18 September 2020 rpsgroup.com Contractor Document Information Contractor Name RPS Contractor Doc No EOR0765 Contractor Doc Rev Final Arklow Bank Wind Park Phase 2 Offshore Infrastructure Environmental Impact Document Title Assessment Scoping Report SSE Document Number Contract Number CDL Code Sequence Sheet LF100034-CST-EV-LIC-RPT- - - - 0002 Revision Information Rev Document Issue Status Date Originator Checker Approver Final Final 18/09/2020 LB, CC (RPS) AB, LK (RPS) AB (RPS) SSE Acceptance of Contractor Document Code Description of Code SSE Designated Signatory Date 1 Accepted Kaj Christiansen 18/09/2020 2 Accepted with Comments 3 Not Accepted 4 For Information Only LF000009-PJC-MA-TEMP-0016 SURE PARTNERS LTD | ARKLOW BANK WIND PARK PHASE 2 OFFSHORE INFRASTRUCTURE - EIA SCOPING REPORT Contents Glossary ................................................................................................................................................. vii Acronyms ................................................................................................................................................. ix Units xii 1. INTRODUCTION ...................................................................................................................................... 1 1.1 Overview .......................................................................................................................................
    [Show full text]