DOCSLIB.ORG

Annual Report 2013 Annual Report2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2013 Annual Report2013 Annual Report 2013 Annual Report2013 Annual Report 2013 Contents Report on operations Consolidated financial statements Enel Green Power | 6 Consolidated Income Statement | 110 The Group structure | 7 Statement of Consolidated Comprehensive Income | 111 Enel Green Power in the world | 8 Consolidated Balance Sheet | 112 Corporate boards and Powers | 10 Statement of Changes in Consolidated Shareholders’ Equity | 113 Letter to the shareholders and other stakeholders | 12 Consolidated Statement of Cash Flows | 114 Summary of results | 16 Notes to the financial statements | 115 Significant events in 2013 | 25 Reference scenario | 33 Economic and energy conditions in 2013 | 35 Corporate governance | 187 Electricity markets | 39 How we operate | 57 Overview of the Group’s performance and financial position | 73 Declaration of the Chief Executive Officer and the Performance and financial position by segment | 90 officer responsible for the preparation of corporate > Italy and Europe | 91 financial reports | 188 > Iberia and Latin America | 95 > North America | 98 Main risks and uncertainties | 101 Annexes Outlook | 102 Regulations governing non-EU subsidiaries | 103 Subsidiaries, associates and other significant equity investments of the Enel Green Power Group at December 31, 2013 | 192 Regulations governing subsidiaries subject to the management and coordination of other companies | 104 Related parties | 105 Reconciliation of shareholders’ equity and net income of Enel Green Reports Power SpA and the corresponding consolidated figures | 107 Report of the Independent Auditors | 210 3 Report on operations Enel Green Power Enel Green Power, founded in December 2008, is the Enel Group company entirely devoted to the development and management of the Group’s renewables generation operations around the world, with a presence in Europe and the Americas. The Company is the world leader in the generation of power from renewable resources, with 8,883 MW of installed capacity and 29.5 TWh of output in 2013, avoiding the emission of 16.4 million metric tons of CO2. The Enel Green Power Group has more than 750 plants in operation or under construction in 16 countries, with a generation mix that includes all the main sources of renewable power: wind, solar, hydroelectric, geothermal and biomass. 6 ENEL GREEN POWER ANNUAL REPORT 2013 REPORT ON OPERATIONS The Group structure Corporate Iberia and Latin America Retail Enel Green Power España Enel.si (3) Enel Green Power SpA Enel Brasil Participações Enel Green Power Latin America Enel Green Power Costa Rica Enel Green Power Guatemala Enel Green Power México Enel Green Power Panama Enel Green Power El Salvador Enel Green Power Colombia Enel Green Power Perú Italy and Europe North America New Countries (4) Enel Green Power Romania Enel Green Power North America Enel Green Power Enel Green Power Bulgaria Enel Green Power North America South Africa Enel Green Power Hellas Development Enel Green Power Jeotermal Enel Green Power France Enerji Yatirimlari 3SUN (1) Enel Green Power & Sharp Solar Energy (1) PowerCrop (1) Other minor - Italy (2) (1) Joint venture. (2) Maicor Wind, Enel Green Power CAI Agroenergy, Enel Green Power Calabria, Enel Green Power Canaro, Enel Green Power Finale Emilia, Enel Green Power Partecipazioni Speciali, Enel Green Power Puglia, Enel Green Power San Gillio, Enel Green Power Strambino Solar, Enel Green Power TSS, Enel Green Power Villoresi, Energia Eolica, Enerlive, Iris 2006 and Taranto Solar. (3) Company sold with effect from July 1, 2013. (4) For the purposes of IFRS 8, the income statement and balance sheet figures for these companies, which are not yet material as their development has not yet begun, have been allocated to the “Italy and Europe” area. 7 Enel Green Power in the world Canada Wind 103 MW USA Wind 1,163 MW Guatemala Hydroelectric 317 MW Hydroelectric 164 MW Geothermal 72 MW Solar 28 MW TOTAL 1,580 MW Costa Rica Wind 24 MW Mexico Hydroelectric 31 MW Wind 144 MW TOTAL 55 MW Hydroelectric 53 MW Solar 0.1 MW TOTAL 197 MW El Salvador Geothermal 204* MW Panama Hydroelectric 300 MW Chile Wind 180 MW Hydroelectric 92 MW TOTAL 272 MW Brazil Wind 84 MW Installed capacity: Hydroelectric 93 MW up to 100 MW TOTAL 177 MW from 100 to 1,000 MW more than 1,000 MW * Non consolidated partnership with LaGeo France Italy Bulgaria Wind 186 MW Wind 720 MW Wind 42 MW Hydroelectric 1,512 MW Spain Geothermal 723 MW Romania Wind 1,652 MW Solar 112 MW Wind 498 MW Hydroelectric 43 MW Solar 36 MW TOTAL 3,067 MW Solar 13 MW TOTAL 534 MW Biogas/Biomass 23 MW Cogeneration/Other 14 MW TOTAL 1,744 MW Portugal Greece Wind 126 MW Wind 200 MW Cogeneration/Other 37 MW Hydroelectric 20 MW Solar 79 MW TOTAL 163 MW TOTAL 299 MW Corporate boards and Powers Shareholders’ The Ordinary Shareholders’ Meeting appoints the Board of Directors and the Board Meeting of Auditors of Company, as well as the company engaged to perform the statutory auditing of the accounts. The Ordinary Shareholders’ Meeting also approves the financial statements and the distribution of dividends. The Extraordinary Shareholders’ Meeting approves changes to the bylaws and resolves all other matters for which it is responsible under the provisions of law. Board The Board is vested with the broadest powers for the ordinary and extraordinary of Directors management of the Company. More specifically, it determines the strategic objectives of the Company and the Enel Green Power Group and reviews and approves the Business Plan. In addition to its strategic policy-setting role, the Board is responsible for ensuring the presence of controls to monitor developments in Enel Green Power and the Group as a whole. The Board of Directors of Enel Green Power in office at April 24, 2013 had 10 members (7 men and 3 women), of whom 6 qualified as independent. The Chairman of the Board of Directors is vested by law and the bylaws with the powers to govern the operation of the Shareholders’ Meeting and the Board of Directors and Chairman to represent and sign on behalf of the Company. In addition, the Chairman also verifies Luigi Ferraris implementation of the resolutions of the Board of Directors. Chief Executive Officer The Chief Executive Officer is also vested by the bylaws with the powers to represent and Francesco Starace sign on behalf of the Company and, under the authority of applicable Board resolutions, has been granted all powers for managing the Company, with the exception of those that are Directors otherwise assigned by law, the bylaws or resolutions of the Board of Directors. Luca Anderlini The Board of Directors has established three internal committees charged with assessing Carlo Angelici certain especially sensitive issues, which among other things could give rise to conflicts Andrea Brentan of interest, and with providing advice and recommendations in these areas. All of the Francesca Gostinelli committees are composed exclusively of independent directors. Giovanni Battista Lombardo The Control and Risk Committee is charged with conducting due diligence with regard to Giovanni Pietro the assessments and decisions of the Board of Directors concerning the internal control Malagnino system and the risk management system, as well as the approval of the periodic financial Paola Muratorio reports. Luciana Tarozzi The Nomination and Compensation Committee is responsible for assisting the Board with advice and recommendations in assessing and deciding the size and composition of the Board, as well as the remuneration of directors and key management personnel. The Related Parties Committee is charged with providing opinions on the Company’s interest in carrying out transactions with related parties, offering an assessment of the attractiveness and substantive fairness of the terms and conditions of such transactions. 10 ENEL GREEN POWER ANNUAL REPORT 2013 REPORT ON OPERATIONS Board Among its various duties, Independent Reconta Ernst & Young of Auditors the Board of Auditors auditors SpA has been engaged to monitors compliance with perform the statutory audit the law and the bylaws of the accounts of Enel of Enel Green Power, the Green Power for the years appropriateness of the from 2011 to 2019. Company’s organization, the internal control system and the administrative- Chairman Reconta Ernst & Young accounting system, as well Franco Fontana as the financial reporting process, the statutory Standing auditors Giuseppe Ascoli auditing of the accounts Leonardo Perrone and the independence of the audit firm. The Board of Alternate auditors Auditors also participates in Giulio Monti the meetings of the Board Pierpaolo Singer of Directors and presents an annual report to the Shareholders’ Meeting. 11 Letter to the shareholders and other stakeholders The year 2013 was another very positive year for Enel Green Power. The Company posted results that under- score the soundness of our strategy of geographical and technological diversification and reflect the quality of our investments and the constant commitment of all of our people to achieve growth characterized by sustainability and innovation. More than three years have passed since November 4, 2010, the date of the Enel Green Power IPO. In these years, the Company has not only expanded its installed capacity and generation from renewable resources, it has also seen its share price rise, closing 2013 up 14.4% from its offering price, while dividends have been distributed at a payout ratio of 30%. Last year, Enel Green Power continued to pursue its strategy of rapid growth, focused on emerging markets with abundant natural resources, strong growth in electricity demand and stable social and economic sys- tems. At the same time, the Company continued to consolidate its presence in European markets. This was all accomplished while continuing to devote constant attention to sustainability issues and en- suring respect for people. We have undertaken an effort to place the culture of sustainability at the center of company processes, with a business model grounded on listening and involving communities in order to create shared value and use resources rationally.
Load more

Recommended publications
  • Energy Information Administration (EIA) 2014 and 2015 Q1 EIA-923 Monthly Time Series File
    SPREADSHEET PREPARED BY WINDACTION.ORG Based on U.S. Department of Energy - Energy Information Administration (EIA) 2014 and 2015 Q1 EIA-923 Monthly Time Series File Q1'2015 Q1'2014 State MW CF CF Arizona 227 15.8% 21.0% California 5,182 13.2% 19.8% Colorado 2,299 36.4% 40.9% Hawaii 171 21.0% 18.3% Iowa 4,977 40.8% 44.4% Idaho 532 28.3% 42.0% Illinois 3,524 38.0% 42.3% Indiana 1,537 32.6% 29.8% Kansas 2,898 41.0% 46.5% Massachusetts 29 41.7% 52.4% Maryland 120 38.6% 37.6% Maine 401 40.1% 36.3% Michigan 1,374 37.9% 36.7% Minnesota 2,440 42.4% 45.5% Missouri 454 29.3% 35.5% Montana 605 46.4% 43.5% North Dakota 1,767 42.8% 49.8% Nebraska 518 49.4% 53.2% New Hampshire 147 36.7% 34.6% New Mexico 773 23.1% 40.8% Nevada 152 22.1% 22.0% New York 1,712 33.5% 32.8% Ohio 403 37.6% 41.7% Oklahoma 3,158 36.2% 45.1% Oregon 3,044 15.3% 23.7% Pennsylvania 1,278 39.2% 40.0% South Dakota 779 47.4% 50.4% Tennessee 29 22.2% 26.4% Texas 12,308 27.5% 37.7% Utah 306 16.5% 24.2% Vermont 109 39.1% 33.1% Washington 2,724 20.6% 29.5% Wisconsin 608 33.4% 38.7% West Virginia 583 37.8% 38.0% Wyoming 1,340 39.3% 52.2% Total 58,507 31.6% 37.7% SPREADSHEET PREPARED BY WINDACTION.ORG Based on U.S.
    [Show full text]
  • Financial Statement 2013 of Enel Green Power S.P.A
    Annual Report 2013 Annual Report2013 Annual Report 2013 Contents Report on operations Consolidated financial statements Enel Green Power | 6 Consolidated Income Statement | 110 The Group structure | 7 Statement of Consolidated Comprehensive Income | 111 Enel Green Power in the world | 8 Consolidated Balance Sheet | 112 Corporate boards and Powers | 10 Statement of Changes in Consolidated Shareholders’ Equity | 113 Letter to the shareholders and other stakeholders | 12 Consolidated Statement of Cash Flows | 114 Summary of results | 16 Notes to the financial statements | 115 Significant events in 2013 | 25 Reference scenario | 33 Economic and energy conditions in 2013 | 35 Corporate governance | 187 Electricity markets | 39 How we operate | 57 Overview of the Group’s performance and financial position | 73 Declaration of the Chief Executive Officer and the Performance and financial position by segment | 90 officer responsible for the preparation of corporate > Italy and Europe | 91 financial reports | 188 > Iberia and Latin America | 95 > North America | 98 Main risks and uncertainties | 101 Annexes Outlook | 102 Regulations governing non-EU subsidiaries | 103 Subsidiaries, associates and other significant equity investments of the Enel Green Power Group at December 31, 2013 | 192 Regulations governing subsidiaries subject to the management and coordination of other companies | 104 Related parties | 105 Reconciliation of shareholders’ equity and net income of Enel Green Reports Power SpA and the corresponding consolidated figures | 107 Report of the Independent Auditors | 210 3 Report on operations Enel Green Power Enel Green Power, founded in December 2008, is the Enel Group company entirely devoted to the development and management of the Group’s renewables generation operations around the world, with a presence in Europe and the Americas.
    [Show full text]
  • Advanced Energy Jobs in Texas
    Advanced Energy Jobs In Texas Prepared by BW Research Partnership May 2016 Table of Contents What is Advanced Energy? ............................1 About .............................................................2 Highlights .......................................................3 Introduction ....................................................5 Methodology ..................................................7 Industry Overview ............................................. 9 Segment-by-Segment Results .......................13 Energy Efficiency ......................................................... 13 Advanced Electricity Generation ................................ 15 Advanced Fuels .......................................................... 17 Advanced Transportation ........................................... 18 Advanced Grid ............................................................ 19 Market Compostition ...................................21 Value Chain ................................................................. 21 Energy Workfoce ........................................................ 21 Firm Size ..................................................................... 23 Employer Hiring Experience ....................................... 23 Customers and Vendors ...............................25 Revenue Streams ..........................................26 What is Advanced Energy? Advanced energy is a broad range of technologies, els, and nuclear power plants are all examples of products, and services that constitute the
    [Show full text]
  • N149/5.X # 3–C40
    PRODUCED BY RECHARGE OFFICIAL SHOW DAILY DAY THREE Vestas, SGRE and GE lose out to Siemens Gamesa launches 5.8MW local players in 6GW China tender wind turbines YUKI YU BERND RADOWITZ he big three Western turbine Siemens Gamesa Renewable Energy OEMs — Vestas, Siemens (SGRE) has unveiled two 5.8MW TGamesa Renewable Energy turbines — part of a new 5.X (SGRE) and GE — were left empty- platform that it says could conquer handed after bidding for a share of the a 30-35% share or new orders in world’s largest wind project, the 6GW coming years. Ulanqab facility in Inner Mongolia, “Today we are celebrating our China. second anniversary. I cannot The gigawatts on offer at state imagine a better way to do it than power giant SPIC’s tender — in by announcing the launch of this which 14 turbine makers took part new platform — tangible proof of — were split between five Chinese A wind farm in Siemens Gamesa’s commitment to Inner Mongolia, OEMs. Shanghai Electric came out China, where the innovation and R&D,” said chief on top, securing 1.4GW, Goldwind 6GW Ulanqab executive Markus Tacke at he project will be and Ming Yang each took 1.3GW, built product launch at the WindEurope while Dongfang Electric and CSIC show yesterday. Haizhuang picked up 1.1GW and There will be two 5.8MW models 900MW, respectively. said was a significant signal of new pressure on the developer, SPIC. The available, the SG 5.8-170 with a The Ulanqab tender — one of the openness to foreign manufacturers in three Western OEMs were among CONTINUED on Page 3 Getty | first held in China on a competitive, the Chinese wind sector.
    [Show full text]
  • Background on FERC Docket No. NP19-4-000
    UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION NERC Full Notice of Penalty regarding ) [Redacted in Public Version of NOP] ) Docket No. NP19‐4‐000 ) MOTION TO INTERVENE Submitted to FERC on February 21, 2019 Michael Mabee, a private citizen, requests the Commission’s leave to intervene in the above captioned docket, pursuant to 18 C.F.R. § 39.7(e)(4). I request that 1) the Commission review this Notice of Penalty (NOP) to ensure that it is in the public interest, and 2) that the name of the entities(s), the unredacted Notice of Penalty and the unredacted settlement agreement be released in the public docket. NERC has made redactions to the publicly available documents, alleging the identities and other identifying information about Critical Infrastructure Protection (CIP) standards violators must be kept from the public. The lack of transparency in this Notice of Penalty raise significant public interest concerns. Background on FERC Docket No. NP19‐4‐000 On January 25, 2019, the North American Electric Reliability Corporation (NERC) filed a Notice of Penalty with FERC that disclosed 127 cybersecurity standard violations by unidentified “Companies.”1 NERC and its Regional Entities (RE) determined: [T]he 127 violations collectively posed a serious risk to the security and reliability of the BPS (Bulk Power System). The Companies’ violations of the CIP Reliability Standards posed a higher risk to the reliability of the BPS because many of the violations involved long durations, multiple instances of noncompliance,
    [Show full text]
  • U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549
    Michael Mabee (516) 808‐0883 [email protected] www.MichaelMabee.info October 26, 2019 U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Subject: Failure of investor owned electric utilities to disclose cybersecurity risk. Dear Commissioners: I am a citizen who conducts public interest research on the security of the electric grid. I have conducted several recent studies which raise significant regulatory red flags, not the least of which is a massive cybersecurity risk coverup in the electric utility industry. I believe that cybersecurity risk is not being disclosed to shareholders (as well as ratepayers, Congress and state regulators). The purveyors of this coverup are the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) aided and abetted by the entire electric utility industry, which consists of many publicly traded companies. Exhibit A is a list of most of the “Investor Owned Utilities” from the industry group Edison Electric Institute’s member list.1 Exhibit B is a list of the NERC Regulated Entities downloaded on October 26, 2019 from NERC’s website.2 This list includes both investor owned and publicly owned utilities. As detailed in the attached report of my research (Exhibit C), which I filed with FERC on October 25, 2019, I have been conducting an investigation since March of 2018 into NERC’s practice of withholding the identities of Critical Infrastructure Protection (CIP) standards violators from the public. CIP standards include the standards for cybersecurity as well as physical security of critical facilities. This investigation has revealed that from July of 2010 through September of 2019 there had been 256 FERC dockets involving almost 1,500 “Unidentified Registered Entities.”3 In each of these instances, the identity of the regulatory violator was withheld from 1 See: https://www.eei.org/about/members/uselectriccompanies/Pages/default.aspx (accessed October 26, 2019).
    [Show full text]
  • United States Withouth CA Wind Farms with 15 and 20M Agl Wind Speeds (Updated 8.26.20)
    Wind Farms in the United States (excluding California) and Wind Speeds at known locations Data collected from thewindpower.net and UL's Windnavigator and compiled by Wind Harvest Classification: Public Update: 26 August Contact: Kelsey Wolf-Cloud, [email protected] 1. Wind speeds will vary across wind farms. This initial estimate Note used only one lat-long per wind farm. 2. This table has an unknown accuracy level. Total Onshore Total Wind Wind Total Number of Farms in Farms Projected Projected onshore wind farms Country analyzed MW >6.5m/s MW >6.5m/s in country (MWs) (MW) at 15m agl at 20m agl 1,292 104,212 54,627 11,181 22,059 Average Wind Speed Average Average at 20m agl Onshore Wind Farm # of Wind Speed Wind Speed Power (kW) m/s Name Turbines at 80m agl at 15m agl (calculated m/s m/s using wind shear) Foote Creek Rim 82,950 130 12.19 10.93 11.15 Kaheawa II 21,000 14 10.08 8.31 8.58 Rock River 50,000 50 9.7 7.98 8.26 Kaheawa I 30,000 20 9.8 7.97 8.25 Caprock Wind Ranch 80,000 80 9.91 7.7 8.04 Wild Horse 228,600 127 8.9 7.42 7.66 Wild Horse 268,200 149 8.9 7.42 7.66 Wild Horse II 39,600 22 8.9 7.42 7.66 Pioneer 85,100 46 8.89 7.36 7.60 High Plains 99,000 66 9.07 7.35 7.63 Red Canyon 84,000 56 9.47 7.34 7.66 Auwahi Wind Farm 24,000 8 9.68 7.27 7.63 Blue Canyon II 151,200 84 9.1 7.23 7.53 Blue Canyon 74,250 45 9.04 7.11 7.40 Seven Mile Hill 118,500 79 9.19 7.06 7.39 Glenrock II 99,000 66 9.08 7.05 7.36 McFadden Ridge 28,500 19 8.67 7.05 7.30 High Lonesome 100,000 40 8.36 7 7.20 Hawai Renewable 10,560 16 9.01 6.91 7.24 Happy
    [Show full text]
  • Keeping It Safe
    THE EUROPEAN WIND INDUSTRY MAGAZINE April 2013 Volume 32/No 2 INTERVIEW FATIHFATIH BIROL BIR Keeping it safe IEA Chief Economist Also inside: Governments and uncertainty Careers - top ten profi les Meet EWEA’s new President and CEO A WORTHWHILE UP TO 31% HIGHER YIELD INVESTMENT: WITH GENERATION DELTA. More than 27 years of experience. 2,100 multi-MW turbines installed – mature technical solutions form a sound basis for the fourth generation of the Nordex multi-MW platform. With larger rotors and an increased rated output in each wind class, the N117/3000 and N100/3300 obtain an up to 31% higher yield rom IEC-2 and IEC-1 sites. Generation Delta. Proven technology at a new stage of evolution. Further information under: www.nordex-online.com/delta-generation | contents | THE EUROPEAN WIND INDUSTRY MAGAZINE April 2013 Volume 32/No2 letter from the editor 5 Changing times brussels briefi ng 7 interview 8 Fatih Birol, Chief Economist, International Energy Agency interview 11 Andrew Garrad, EWEA’s new president Q&A 15 Maritime spatial planning takes shape Global Wind Day 16 mini-focus 19 Wind energy sector faces uncertainty crisis fi nance interviews 22 Cord Landsmann, CFO, E.ON Climate & Renewables Wolfgang Bischoff, CEO, Siemens Financial Services feature 24 Careers in wind: ten “most wanted” profi les wind worker 26 Liesbet Mijlemans, Head of wind consultancy, 3E Alejandro Saladanja, Commissioning manager for offshore, Alstom renewable world 29 Tackling poverty through renewable energy in East Africa focus 30 Keeping it safe opinion - Junior Isles 41 Making ends meet keeping up with EWEA’s blog 42 opinion - Adam Barber 45 Health and safety protects the bottom line Country focus 46 A closer look at… Ireland technology corner 48 Offshore wind engineers to the rescue? Wind Directions is published four times a year.
    [Show full text]
  • Life Cycle Assessment of Greenhouse Gas Emissions, Traditional Air
    LIFE CYCLE ASSESSMENT OF GREENHOUSE GAS EMISSIONS, TRADITIONAL AIR POLLUTANTS, WATER DEPLETION, AND CUMULATIVE ENERGY DEMAND FROM 2- MW WIND TURBINES IN TEXAS BY ALI ALSALEH DISSERTATION Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy at The University of Texas at Arlington January 2017 Arlington, Texas Supervising Committee: Melanie Sattler, Supervising Professor Liu Ping Srinivas Prabakar Mohsen Shahandashti 1. Abstract One renewable energy source that has witnessed a significant growth in the recent years is wind energy, with the installation of new wind farms around the globe as well as the innovations in wind power technology, which have increased the efficiency of this source. Wind power generates electrical energy from the wind’s kinetic energy without causing emissions or pollution from power production; however, environmental effects are caused by the wind turbine manufacturing, transport, and other phases. Therefore, the overall goal of this study was to analyze the environmental effects associated with wind energy technology by taking into consideration the entire life cycle for wind turbines. Specific objectives were: 1. To conduct a comprehensive life cycle assessment (LCA) for large wind turbines in Texas, including: All phases (materials acquisition, manufacturing, transportation, installation, operation and maintenance, and end of life) and A variety of inventory emissions and resources (greenhouse gases; traditional air pollutants SO2, NOx, VOCs, CO and PM; water depletion; cumulative energy demand). 2. To identify a range of impacts due to uncertainty in LCA model inputs. 3. To compare impacts of wind power to literature values for coal and natural gas, as examples of fossil fuels.
    [Show full text]
  • Guia De Empresas Completa Maquetada.Pdf
    Design: estudio jorge gil Layout and printing: Impression Artes Gráfi cas Editing: Spanish Wind Energy Association (AEE) 2 Spanish wind energy industry. Proven effi ciency List of symbols Index of Companies A 8 Developer B 29 C 37 D 48 Wind Turbine Manufacturer E 55 F 89 Component Manufacturer G 98 H 119 I 121 Engineering and Civil Engineering J 145 K 149 Operation and Maintenance L 153 M 155 N 173 Consulting O 177 P 180 Finance and Insurance R 183 S 193 T 209 Transportation & Logistics U 224 V 228 Technology Centre W 232 Z 238 Training Other Spanish wind energy industry. Proven effi ciency 3 4 Spanish wind energy industry. Proven effi ciency IDAE I t is with pride that, based on the continuous efforts of our businesses, we say Furthermore, Spanish companies keep a clear strategic commitment to R & that the Spanish wind energy sector enjoys a leadership position and prestige D, boosting key industrial projects and initiatives for our industry to strengthen beyond our borders. This success is even more valuable because it is a highly its technology leadership status in the medium to long term in all wind energy dynamic sector with international competitiveness, for which it is essential to have subsectors, onshore, small wind and offshore. For instance, the high participation high quality products, new approaches and business strategies that give our com- of national technicians in a very large number of projects and the level of inves- panies differential value. tment in R & D in the renewable energies sector in recent years have allowed Spain to be one of the European Union countries with higher returns on research Our developers, having acquired foreign assets of popularity and expanded renewable programmes, in the context of the 7th Framework Programme.
    [Show full text]
  • Technical University of Crete Geostatistical Analysis of Installed
    Technical University of Crete School of Mineral Resources Engineering Geostatistical Analysis of Installed Wind Power Production Data Author: Panagiota Gkafa Advisor: Prof. Dionissios Hristopoulos, Technical University of Crete Steering Committee Members: Prof. Michalis Galetakis, Technical University of Crete Prof. Nikolaos Thomaidis, Aristotle University of Thessaloniki June 6, 2020 I would like to dedicate to my lovely family! ii Acknowledgments Firstly, I would like to thank my advisor Prof. Dionissios Hristopoulos for showing confidence in me by assigning me this master's thesis. Also I would like to thank him for his patience, caring, motivation, and guidance. I would also like to thank the other two members of my thesis committee: Prof. Nikolaos Thomaidis, for sharing with me the data of the installed power production from the Netherlands, and his comments and his guidance, and Prof. Michail Galetakis for his comments and his guidance. I would also like to thank the members, and my friends in the Geostatistical Labo- ratory of the School of Mineral Resources Engineering at the Technical University of Crete, Ms. Vicky Agou, Ms. Michaela Vasiliadi, and Dr. Andreas Pavlides for their support and their friendship. I would especially like to thank Vicky and Andreas for many helpful conversations during my studies. I would like to express my gratitude to all my friends, for their support and encour- agement during all these years. Last but no least, I would like to thank my family. My father, my mother, and my brother have always been by my side all these years with their support, and their encouragement. iv Abstract In recent years, an increasing number of countries are attempting to reduce their reliance on fossil fuels and enhance the contribution of renewable energy sources in their energy production plans.
    [Show full text]
  • City of San Antonio, Texas
    REMARKETING MEMORANDUM Dated: November 18, 2014 NOT A NEW ISSUE – Book-Entry-Only RATINGS: See "RATINGS" herein In the Original Opinion (hereinafter defined), Co-Bond Counsel (hereinafter defined) rendered an opinion, assuming continuing compliance by the City (hereinafter defined) after the date of initial delivery of the Bonds (hereinafter defined) with certain covenants contained in the Ordinance (hereinafter defined) and subject to the matters set forth under "TAX MATTERS" herein, that interest on the Bonds for federal income tax purposes under existing statutes, regulations, published rulings, and court decisions (1) would be excludable from the gross income of the owners thereof pursuant to section 103 of the Internal Revenue Code of 1986, as amended to the date of initial delivery of the Bonds, and (2) would not be included in computing the alternative minimum taxable income of individuals or, except as described herein, corporations. Because the Bonds are being converted from the initial Interest Period (defined herein) to a new Interest Period, the Ordinance does not require that an Opinion of Counsel be delivered in connection with such conversion Co-Bond Counsel will, however (and in accordance with the Ordinance), render an opinion to the Paying Agent/ Registrar (defined below) that such remarketing will not adversely affect the excludability of interest on the Bonds for federal income tax purposes. The Remarketing Agent (defined below) will be allowed to rely on any such opinion. See "TAX MATTERS" herein. Additionally, see "THE BONDS – Determination of Interest Rate; Rate Mode Changes" identifying circumstances when an opinion of nationally recognized bond counsel is required as a condition for an interest rate mode conversion.
    [Show full text]