Dan Finch Moray Offshore Renewables Ltd. DELIVERING ROUND 3 Inverness 2nd February 2010 MORAY FIRTH...
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Transcript of Dan Finch Moray Offshore Renewables Ltd. DELIVERING ROUND 3 Inverness 2nd February 2010 MORAY FIRTH...
Dan FinchMoray Offshore Renewables Ltd
DELIVERING ROUND 3
Inverness 2nd February 2010
MORAY FIRTH OFFSHORE RENEWABLES Ltd.
Moray Offshore Renewables Ltd3
Introduction
1. Presenting the partnership
2. Committed to deliver
3. The Moray Firth (Zone 1) key issues
4. Delivery plan
5. Key challenges for Round 3
6. How to contact us?
Moray Offshore Renewables Ltd4
Presenting the Partnership…
Strong and Clear Commitment
EDP Renewables:
• #4 in renewables worldwide with a total installed capacity ~6 GW
• €2.0 bn per annum development budget
• Presence in 9 countries on 3 continents
• €1.6 bn IPO, largest in Europe in 2008
The Partnership The strengths
SeaEnergy Renewables:
• Scottish based world class team with decades of offshore Oil&Gas
experience– development, construction, installation, O&M
• Conceived, developed and delivered the Beatrice Demonstrator Project
• Two sites awarded in Scottish Territorial Waters Round (1,825 MW)
Unique Deepwater Capabilities
Proven track record for Delivery and Operating at ScaleThe Crown Estate:
• Decades of experience as Stewards of the UK Seas and Coastline
• Top quality professionals from the offshore and energy sector
1
2
3
Moray Offshore Renewables Ltd55
EDPR: a pure wind player with a sound asset base…
-
MW Installed Capacity
MW Under Construction
427
2,530
14
128
596
477
2,109
120
-
36
21113
57
159
-
Spain
USA
Portugal
France
Belgium
Poland
Romania
Brazil
18,062
1,509
574
4,999
1,221
62
1,466
682
Installed Capacity
Under Construction
Pipeline + Prospects
Gross MW
5,577 1,293 28,587
MW Pipeline + Prospects
Moray Offshore Renewables Ltd6
•To be at the forefront in the application of marine renewable technologies
•To be the recognized leader in marine renewable energy
•To develop a portfolio of 3-5 GW in 3-5 years, generating within 10 years
•To own net interests of 1GW within 5 years
•To create enterprise value of >£500 million within 5 years
SeaEnergy Renewables: the partner of choice in offshore power generation
Business goals
Moray Offshore Renewables Ltd7
…Committed to Deliver…
• Dedicated to offshore renewables
• Engineering and Offshore project management skills
• Fabrication, installation and O&M expertise offshore
• Experience in licensing and permitting in offshore Scotland
• Proven stakeholder management success
• Local and highly specialised professionals to complement and accelerate program roll-out
• Sourcing know-how from the oil & gas sector
SeaEnergy Renewables
Supply Chain
• 700+ professional fully dedicated to wind
• Financial commitment of €2 bn/year for wind farm construction
• #1 client of Vestas and in the top-3 of Enercon, Gamesa and GE
• Best-in-class energy yield with a 30 people strong team with more than 10 years of experience
• Engineering & Construction capability
• O&M team of 150 professionals and State of the art Control & Operation Center
EDP Renewables
• Commitment to deliver UK R3• Experience in Stakeholder management
The Crown Estate
Moray Offshore Renewables Ltd8
…the Moray Firth (Zone 1)
Cumulative & In-combination impacts with STW
• Marine Mammals, Birds, Nature Conservation, Radar & Aviation, Shipping, Fisheries
Grid• Onshore & Offshore
Impact on SAC & SPA features
Potential key spatial conflicts:• Fisheries, MOD (inc radar), Shipping,
aviation
Seabed features and soils• Water depths, wrecks, UXO,
sandwaves, & Soils
Ports/Harbours
Oil & Gas
Zone 1 potential development areas
1
Capacity: 1,300MW
Area: 530 km2
Avg. depth: 35-55m
Avg. shore distance: 26 km
Development budget: ~ £40m
Key figures
Zone 1 key constraints
Moray Offshore Renewables Ltd9
• Commence consenting activities in 2009 to protect the schedule
• Early engagement of supply chain to secure delivery
• Realistic durations for offshore scope including weather downtime
• Dedicated vessel spreads for each development within the zone
• Grid connection required in 2016
• 150 MW first generation Q2 2016
• 1,3 GW fully operational Q3 2020
Delivery Plan…Programme Summary
Key milestones
• Sign ZDA
• Apply for consent
• Gain consent
• Financial Close
• Grid connection required
Technical
• FEED & Concept Selection
• Detailed design
Procurement
• Engage Supply Chain
• Award Major Contracts
Onshore fabrication
Offshore installation
Operations
• First generation
• Zone fully operational
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Activity
Moray Offshore Renewables Ltd10
Key Challenges for UK Round 3
1. Supply Chain• High resource competition, availability of people, vessels
and primary equipment• Constrained current capacity for development of Support
Bases, Ports and Harbours
2. Funding & Finance• Provide long-term and scale commitment with high
uncertainty
3. Grid • Lack of suitable connection to grid
4. Environment• Establishing cumulative & in-combination environmental
impact (regional and beyond)
5. Operations & Maintenance• Scale, distance from shore, operation & maintenance
Challenges
Early Engagement and Leverage on EDPR logistics
and procurement scale
Our Approach
Board Commitment and Focus on Project Viability
Engagement and transparency with
Stakeholders
Early Application and Full Collaboration with 3rd Parties
Leverage on EDPR 15 years and 6000+ WTGs experience
Moray Offshore Renewables Ltd11
How to contact us?
1. MORL office is located in Edinburgh• An additional office in the Inverness area is planned• A dedicated web portal is under preparation
2. Supplier candidates
• Provide your contact details to [email protected]
3. Press and communication Please contact [email protected]
Current points of contact
Moray Offshore Renewables Ltd