SLIDE 1 Forsideslide, farvet eller med billede Indsæt billede: 1. Vælg EKF-fanen 2. Klik på Forside-billede 3. Vælg billede Offshore wind Vælg Printer version 1. Vælg Design-fanen 2. Under Tema, højre klik på in cooperation Eksport Kredit Fonden print 3. Vælg Anvend på alle dias with EKF SLIDE 2 Denmark’s Export Credit Agency SLIDE 3 EKF’s sectors Guarantee exposure Number of customers Slide med bullets Brug Forøge / Formindske indryk for at skifte mellem de forskellige niveauer 0% 20% 40% 60% 80% Wind Infrastructure & supply Oil and gas industry Cement Agricultural & food technology Ships & ports Biomass Manufacturing industry Other SLIDE 4 Project finance projects by EKF Project finance Project finance (Wind) (Other) SLIDE 5 Offshore Project Financing SLIDE 6 Offshore wind financed by EKF Total installed in Projects financed the EU: by EKF: 12,631 MW 3,806 MW SLIDE 7 EKF’s world of offshore wind Q7 C-Power Northwind Gemini Nobelwind Rentel 2006 2008 2010 2012 2014 2016 Belwind Meerwind Butendiek Veja Mate Beatrice Norther SLIDE 8 EKF’s offshore project finance Project Q7 / PAW Belwind 1 C-Power Meerwind Northwind Butendiek Gemini Veja Mate Nobelwind Beatrice Rentel Norther Closed 2006 2009 2010 2011 2012 2013 2014 2015 2015 2016 2016 2016 Status Operation Operation Operation Operation Operation Operation Construction Construction Constructio Construction Construction Construction n Country Netherlands Belgium Belgium Germany Belgium Germany Netherlands Germany Belgium Scotland Belgium Belgium Banks BNP Rabobank Rabobank KFW ASN KfW-Ipex ABN-AMRO KfW SMBC, Santander EIB ABN AMRO Rabobank Dexia KBC BTMU Rabobank UniCredit BNPP Commerzbank Mizuho, BNP Paribas KBC Bank Belfius Bank Tabel tekst Dexia ASN SG Commerzb ING Bremer- BTMU DeBa Rabobank, Caixabank KFW IPEX BNP Paribas EKF Medium 13 pkt BTMU EIB KFW-Ipex ank KFW-Ipex Landes- DeBa Natixis BNP Commonweal SG Insurance Bank of HSH Commerzb Dexia Fortis bank Natixis Santander Paribas, th Bank of Société Tokyo- NIBC ank KFW-Ipex Belfius EIB SMBC SMBC EIB, Australia Générale Mitsubishis Dexia Lloyds EIB KfW BMO GIEK (ECA) ING Rabobank Rabobank ASN Santander Pension CIBC Lloyds Bank ING SMBC EIB Siemens Danmark BNG Natixis Belfius SMTB EH (ECA) Bank D|D (ECA) Santander Société ASN Bank Société GIEK/MTI Caixa Générale Credendo Générale (ECA) EDC (ECA) SMBC EIB EIB BTMU EH (ECA) RBS-Nat D|D (ECA) West KFW IPEX EIB Investment, 383 614 1,300 1,274 852 1,300 2,800 1,900 617 2,600 1,100 1,150 EUR million WTG supplier Vestas Vestas RePower Siemens Vestas Siemens Siemens Siemens MHI Vestas Siemens Siemens Vestas Capacity, MW 120 165 295 288 216 288 600 402 165 588 309 370 EKF pct. of 25 45 5 32 33 33 20 16 35 20 24 25 senior debt SLIDE 9 Project Finance Guarantee How it works Risk Tabel tekst EKF Medium 13 pkt Order Financing Guarantee Financing SLIDE 10 How we work SLIDE 11 EKF – General requirements Slide med bullets Danish economic interest Brug Forøge / Formindske › indryk for at skifte mellem › Complying with the OECD de forskellige niveauer Arrangement on Officially Supported Export Credits › Pro rata and pari passu with financing parties › Risk sharing with all parties › Assessment of environmental and social aspects › Reputation risk © MHI Vestas Offshore Wind SLIDE 12 Due diligence & Risk Tekst starter uden punktopstilling Off take study One or two independent For at få punktopstilling på teksten (flere niveauer findes), brug Forøg listeniveau Legal Security, offtake, permit/licence, For at få venstrestillet tekst uden punktopstilling, brug law, loan documentation etc. Formindsk listeniveau Technical O&M, turnkey, site, contract etc. Ændre farve på mellemrubrik 1. Marker ordet 2. Vælg den femte farve i farveskemaet fra Insurance Market standards etc. PowerPoints topmenu Environment Compliance – EQ/IFC PS SLIDE 13 EKF approval process Project memorandum Negotiations of term Financial close sheet and financial model .