Wetfeet Lessons learned: Shareholder View · nacelle is one of the lightest on the market. The...

Seite 1

Wetfeet Lessons learned Shareholder View

Guido Huumlni Axpo

Seite 2

Agenda

Wetfeet Lessons learned Shareholder View | 23November 2016

1

2

3

4

5

Axpo

The company Global Tech I

Technical trades and construction

Operation of Global Tech I

Lessons learned

Seite 3

Agenda

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2

3

4

5

Axpo




Lessons learned


Seite 4

Axpo at a glance

Swiss energy company successful in Europe

Produces around one-third of Switzerlands

electricity

Largest Swiss producer of renewable energies

Broadly diversified active along entire value

chain

Operates in 26 countries and more than 30

markets

Trades on all important energy exchanges in

Europe

Leader for tailor-made energy solutions

Won award as worldrsquos leading energy trader in

two consecutive years (20142015)

Sales

CHF 586 billion

Total assets

CHF 18908

million

Employees

4284

Markets

37

Renewable

kWha

7500000000

kWh manageda

100600000000


Seite 5

Axpo has a broadly diversified portfolio

Axpo has a diversified Wind portfolio of 430 MW in total in FR DE IT ES

Offshore wind farm GTI of which Axpo owns 241

Development construction amp sale of wind farms by Axpo subsidiary Volkswind Another

3000 MW in the pipeline

Wind farm management and offtake agreements for third parties for some 12000 M


Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7

The Global Tech I wind farm project

Title

Location

Size

Water depth

Wind turbines

Rated output per turbine

Total output

bdquoGlobal Tech Ildquo

more than 100 km off

the coast

approx 41 kmsup2

38 ndash 40 m

80 turbines of AD 5-116

5 MW

400 MW


Seite 8

Project history

Event Description

2001 Nordsee Windpower GmbH submits an application to the BSH for authorisation

2006 BSH issues the consent for construction and license for operation

052008 Wetfeet Offshore Windenergy GmbH acquires project rights to the wind farm

2008-2009 Stadtwerke Muumlnchen GmbH HSE AG (now ENTEGA AG) Esportes Offshore Beteiligungs GmbH

and EGL AG (now Axpo) become shareholders

2009

Multibrid GmbH (now Adwen GmbH) signs a preliminary contract for the supply of 80 wind turbines

and AREVA Energietechnik (now Alstom Grid GmbH) is awarded a contract for the planning of the

transformer station

052010 TenneT TSO (grid operator) grants unconditional grid connection commitment

2010-2011 Procurement contract for the installation and manufacture of all technological areas the wind farmrsquos

foundations wind turbines transformer station and internal cabling

07-082011 Signing of the financing contracts worth over 1 billion euros with a consortium of 16 commercial

banks the EIB and KfW

August 2012 Start of construction with the installation of test piles

27th July 2015 The 80th WEC supplies electricity

2nd September

2015 Official opening of the wind farm Global Tech I


Seite 9

Project history ndash the construction

Event Description


September 2012 Commencement of erection of foundations

January 2013 Commencement of internal cabling

May 2013 Anchorage of the internal transformer station

July 2013 Beginning of the second phase of the internal cabling burial of the cable by ROV

September 2013 Commencement of turbine installation

January 2014 Two jack-up vessels have started working on the installation of towers and nacelles and rotor stars

March 2014 Three vessels are working flexibly at the construction phase of rotor stars and turbines

29 August 2014 The 80th rotor star is installed the construction phase is completed

27th July 2015

The 80th WEC supplies electricity


Seite 10

249

249 241

10

005

005

5

5 2 4

Global Tech I ndash Shareholders

Esportes Offshore

Beteiligungs GmbH

Strategic and long-term commitment in the expansion of renewable energies

FC Wind II GmbH FC Wind I GmbH

GTU I GmbH GTU II GmbH


Seite 11

Start in the year 2009

Vision versus reality

Monpile Tripod Jacket Gravity

(round)

Planned built We bought a vision based

on a revolutionary concept

of gravity foundation and

dreamt about building

Offshore Windfarms on

significant lower costs

than the market at that

time

We woke up with Tripod and built one Offshore Windfarm at market costs


Seite 12

Investors view Price prognosis Germany

00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009

Rezession 2009 (base)

Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet

Shareholder base decisions on

Business Plans but Business Plans

are best guesses

Everybodys wrong or everybodys

right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling

NSW amp amp Prysmian

PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15

Offshore Tripod erection

Deployment of a new jack-up vessel

Extra dimensioned for 3 Tripods and 9

piles

Weight of Tripod 900 tons

Installation up to 25 m significant

wave height (ca 5 metres) exact

position by GPS

Installation time for one tripod

between 2 and 3 days

Reduction of installation turns


Seite 16

Offshore Wind Turbine M5000

The project uses 80 wind turbines of the 5 Megawatt type

from Adwen Model AD 5-116 (former M5000)

Great emphasis was laid on minimising the weight of the

nacelle and rotor That is why with around 240 tonnes the

nacelle is one of the lightest on the market

The height of the rotor hub is 92 meters above sea level

The three-blade rotor has a diameter of 116 meters the

rotor blades are aerodynamically shaped and the blade

angle can be dynamically adjusted to suit the wind

condition

The rotors start with wind speeds over 4 meters per

second and for safety reasons shut down at over 25

meters per second

The towers are accessible by boat or via the winch

platform by helicopter


Seite 17

Innovative platform concept

Floating and self-installing transformer platform

(offshore substation OSS)

Environmentally sound installation method by

suction cans adapted from the oil and gas

industry

The platform is autnomous 365 days (247) it is

manned by up to 38 service and maintenance

technicians in order to ensure reliable operation of

the wind farm

The closed steel body protects all electrical

equipment from the aggressive salt-laden

atmosphere

High- and medium-voltage systems are

redundant in case of the outage of a system the

productivity of the wind farm is almost not affected


Seite 18

Self installing offshore substation with suction cans

Minimum time and logistic expenditure for

the installation

The support structure is fixed to the closed

body the floating OSS was towed to the

construction field in one piece

bull 3 days towage

bull 1 day positioning

bull 2 days installation

First time use in the German North Sea of

bull self installing platform using a strand

jack system

bull eco-friendly suction cans


Seite 19

Flexible use of vessels for fast turbine installation

bull Different weather restrictions for towers

and nacelles (up to 12 ms) as well as for

rotor stars (up to 8-9 ms)

bull Efficient use of weather windows through

an independent installation of all

components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21

Challenges of operating the wind farm

Our objective

Safe productive and reliable operation

Our challenge

North Sea offshore conditions Motion of the

sea moisture salt corrosion erosion

Accessibility of the WECs

Our approach

Reliability centered service and

maintenance concept that guarantees

reliable turbines

Optimized interplay of direct marketing of

electricity operational management and

asset managementmaintenance


Seite 22

Asset Management Optimization of costs and turbine availability

The maintenance concept is focused on

answering the following questions

Which components have to be

supervised intensively to ensure a safe

and reliable operation

When and where do preventive

measures have to be taken to avoid

failure and to secure a high base load

capacity

How can offshore energy be produced as

economically as possible


Seite 23

Logistics of the wind farm ndash 110 km off the coast

Logistical base for the wind farm in Emden

Spare parts warehouse 3500 individual parts ensure

a quick repair works of turbines and platform

Supply vessel for the platform every 10 to 20 days

Helicopter every 2 weeks crew change of GT I staff

and in case of emergency (rescue urgent work or

spare parts needed) further hoist flights flights by

third party staff

Wind farm people transfer onto the turbines

Crew transfer vessel up to 15 m Hs (ca 3 m)

Helicopter up to 18 ms wind speed (65 kmh)

Offshore-Service

Filling station for helicopter

Bunker of 270 msup3 engine fuel for vessels helicopter

and potential platform requirements


Seite 24

The transformer station is manned 247

The crew change is done every

two weeks by helicopter

The platform is equipped with an

own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26

Major Hurdles Example design

No experienced resources were available at

that time

Contracts had to be signed to obtain the

needed authority approvals or the project

financing

Conflict of objectives Design specification

Interfaces among the technical trades were

not entirely in the design reflected

Take your time to choose your contractors

(EPC vs Multi Contracting)

Focus was primarily on construction than on

operating of the wind farm

Decrease the project risk and use the best in

class technology


Seite 27

People and Project Partner

Invest early in people instead of spending

more money later

Set up a professional working

environment from the start (PMO

Processes Standards like PMI IPMA)

Keep knowledge carrier as long as

possible Negotiator of supply contracts

have to be part of the construction phase

Choose your supplier carefully Price isnrsquot

everything

Pay the best suppliers and pay them good

and treat them fair or it all comes back

Choose suppliers rather by experience

than price

Arbitration take a independent view on the

contracts


Seite 28

Challenges due to long development and construction phase

Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017

Innovative new technologies go along with opportunities and risks

Planning and construction continue for many years

Stability is valuable


Seite 29

Global Tech I ndash Project financing II

Global Tech I is the first offshore wind farm in Germany which with a total

installed capacity of 400 megawatts completed the project financing

successfully

Borrowed capital comes to more than 1 billion Euro consortium of 16

commercial banks EIB and KfW


Seite 30

Project financing II

Advantages of project financing versus balance sheet financing are tempting

in the beginning of the project

Project financing might be not the best solution in connection with ldquofirst-moverrdquo

projects due to the unpredictability during the project

Opinions within a big consortium of commercial banks can differ

Donrsquot underestimated waiver fees

Project financing limits the freedom of the Shareholder

At the end the risk remain with the Shareholder


Seite 31 Praumlsentationstitel bei Fusszeile einfuumlgen | Datum

Thank you

Seite 2

Agenda


1

2

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4

5

Axpo




Lessons learned

Seite 3

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 4

Axpo at a glance



electricity



chain


markets


Europe




Sales

CHF 586 billion

Total assets

CHF 18908

million

Employees

4284

Markets

37

Renewable

kWha

7500000000

kWh manageda

100600000000


Seite 5








Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 3

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 4

Axpo at a glance



electricity



chain


markets


Europe




Sales

CHF 586 billion

Total assets

CHF 18908

million

Employees

4284

Markets

37

Renewable

kWha

7500000000

kWh manageda

100600000000


Seite 5








Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 4

Axpo at a glance



electricity



chain


markets


Europe




Sales

CHF 586 billion

Total assets

CHF 18908

million

Employees

4284

Markets

37

Renewable

kWha

7500000000

kWh manageda

100600000000


Seite 5








Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 5








Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 6

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 7


Title

Location

Size

Water depth

Wind turbines


Total output



the coast

approx 41 kmsup2

38 ndash 40 m


5 MW

400 MW


Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 8

Project history

Event Description






2009



transformer station








2nd September



Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 9


Event Description










27th July 2015



Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 10

249

249 241

10

005

005

5

5 2 4


Esportes Offshore

Beteiligungs GmbH





Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 11




(round)








time



Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 12


00

200

400

600

800

1000

1200

1400

1600

1800

2000

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

euroMWh

Wettbewerb 2009


Referenz 2009

Klimaschutz 2009

High-Fuel 2009

Wetfeet



are best guesses


right


Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 13

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 14

Principle suppliers

Tripod towers

WW amp EEW

Nordseewerke

WW Iemants amp

Eiffage

Turbines

Adwen

Grid connection

TenneT

Internal wind farm

cabling


PowerLink Services

Steel erection

platform

Keppel Verolme

Electrical systems

Alstom Grid


Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 15




piles




position by GPS





Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 16











condition



meters per second




Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 17






industry




the wind farm



atmosphere





Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 18



the installation




bull 3 days towage





jack system



Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 19







components


Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 20

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 21


Our objective


Our challenge




Our approach



reliable turbines





Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 22










capacity




Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 23









third party staff




Offshore-Service





Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 24





own fueling station


Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 25

Agenda

1

2

3

4

5

Axpo




Lessons learned


Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 26



that time



financing









class technology


Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 27



more money later








everything




than price


contracts


Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 28


Example OEM

+

2009 2010 2011 2012 2013 2014 2015 2016 2017





Seite 29




successfully




Seite 30












Thank you

Seite 29




successfully




Seite 30












Thank you

Seite 30












Thank you


Thank you

Wetfeet Lessons learned: Shareholder View · nacelle is one of the lightest on the market. The...

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Transcript of Wetfeet Lessons learned: Shareholder View · nacelle is one of the lightest on the market. The...