Empowering decentralized renewables the Empower · Network CORE SKILL SETS • 15 years senior mgmt...
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International Solar Day Oslo, May 15, 2018 Terje Osmundsen Founder & CEO Empower New Energy www.empowernewenergy.com 2018/05/16 Empowering decentralized renewables – the Empower solution
Transcript of Empowering decentralized renewables the Empower · Network CORE SKILL SETS • 15 years senior mgmt...
International Solar Day Oslo, May 15, 2018
Terje OsmundsenFounder & CEO Empower New Energy
www.empowernewenergy.com
2018/05/16
Empowering decentralized renewables – the Empower solution
2018/05/16CONFIDENTIAL INFORMATION
Current policies –assuming Paris’ pledges - lead to 3 -degree warming
www.empowernewenergy.com
2018/05/16CONFIDENTIAL INFORMATION
Renewables and efficiency can deliver 90 % of all energy-related CO2 cuts
www.empowernewenergy.com
Kilde: Global Carbon Project
Kilde: SSB
2018/05/16CONFIDENTIAL INFORMATION
Renewable energy is a job booster
www.empowernewenergy.com
Kilde: Global Carbon Project
Kilde: SSB
2018/05/16
Empower New Energy: Short introduction
A Renewable Energy Finance company offering finance to 1- 10 MW RE projects
Through our Accelerator Facility, we bring equity capital and impact finance to projects too small for non-recourse financing
First funding round of 40- 50 mio USD Initial focus Sub-Saharan Africa (East Africa,
Ghana) Sustainability: Focus on high impact projects
with verifiable CO2 reductions, job creation and community development
Partnering with high-quality renewable energy developers and EPC providers
Empower Gateway: Project preparation and due diligence
Empower Accelerator: InvestmentConstruction
Operations
Empower Yieldco:Refinancing Exit
16-05-2018 CONFIDENTIAL INFORMATION
The Empower 3-step Solution
Yieldco* Sale to institution
Sale to Industrial
(1) (2) (3)
d
• Specialist project finance lawyer with a background from leading UK- based international law firms
• Development finance expert with experience in Africa, Eastern Europe, Jordan, Mongolia, Turkey and Vietnam
• Formerly Associate Director & Senior Counsel at European Bank for Reconstruction & Development
• Founder and Partner of BEIDE Forvaltning, • Finance economist with background from Statoil,
Poyry/ Econ Analyse a.o• 15 years experience from the US, working for
Fortune 500 companies a.o Sempra, NRG, and Enel• Directly involved in transactions of more than
10,000 MW.
A highly experienced multi-disciplinary founding team
The Team
Terje Osmundsen, CEO
Ørjan Alexander Pedersen, COO Bjørnar Eide, Interim CFO
Susie Scannelli Cook, CIO/Legal
Confidential 5/16/2018
Innovative Entrepreneurial Spirit
World Class Renewables & Project Finance
Expertise
UniqueMarket
Knowledge & Network
CORE SKILL SETS• 15 years senior mgmt experience from
international energy industry• Development and structuring of large-scale
solar PV in South Africa, West Africa, Jordan, Egypt, a.o
• Seasoned board-member incl infrastructure-investment companies
• Chairman, Caritas Norway• Cand.polit(PhD) Univ of Oslo: Political
science, Economics, Law
• 7 years with solar PV development and
consultancy in South Africa
• Senior strategy and M&A experience
from SolarWorld Korea
• Set up a commercial solar investment
fund for South African family investors
• MBA London Business School, Bach.
Military studies , Bach. Management
Project examples: Our initial pipeline
Commercial & Industrial Projects
• Solar PV, rooftop or ground-mounted, withindustrial/commercial off-takers
• 0.5 – 3 MWp captive power generation• Economic driver: Lower electricity costs (20-30 %
savings)• Impact: CO2 savings, reliability of supply, job
creation, overall corporate reputation
Feed-in-Tariff projects
• Run-of-river hydro• 20 years standardised PPA with national utility• Indicative FiT-tariffs, subject to final
negotations• Up to 18 months’ construction time(hydro)
Confidential 5/16/2018
CONFIDENTIAL INFORMATION2018/05/16
High Impact Investments
• 585 GWh in energy production within the planning period.
• USD 500 million in economic investments within a 10 year period securing economic activity and prosperity.
• 320,000 million in avoided CO2 within a 10-year period.
• 20,000 directly and indirectly new jobs based on investments and energy production activity.
Confidential 5/16/2018
Targets based on «recycling» the accelerator 7 times over a period of 10 years
2018/05/16CONFIDENTIAL INFORMATION
Investeringstrømmene må endres
www.empowernewenergy.com
Kilde: Global Carbon Project
Kilde: SSB
2018/05/16CONFIDENTIAL INFORMATION
Grønne investeringer i sør: Hva gjør andre land?
www.empowernewenergy.com
2018/05/16CONFIDENTIAL INFORMATION
Fornybar industri: Stor i verden, liten i Norge
www.empowernewenergy.com
Kilde: Global Carbon Project
2018/05/16
Hva kan Norge gjøre?
www.empowernewenergy.com
• Utløse private investeringer i grønn energi & bærekraft må bli et uttalt hovedmål iutviklingspolitikken;
Eks resultatmål: Norge skal innen 2022 ha bidratt til å utløse xx milliarder i private investeringer for å realisere bærekraftsmålene i u-landene.Eks delmål: Norske investeringer bidratt i CO2 kutt tilsvarende 5 mtCO2/år
• Tverrdepartemental gjennomgang av virkemidler for å nå målene:- Norfunds rolle som katalysator
• - “Astrup-fondet”: Forbedret garantiordning for infrastrukturinvesteringer med “tapsavsetning” på utviklingsbudsjettet; mulighet for garantistilllelse på porteføljenivå
- Mobilisering av privat pensjonskapital; endre 15 %-regelen- Paris-avtalen: Kreditering av norske investeringer iht Art 9, ev Art 6
- Oljefondet som langsiktig investor; re forslag fra NBIM under utredning i Finansdep
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