Investment in offshore wind - utility s perspective Marek Dziewior
|
|
- Hugo Morrison
- 5 years ago
- Views:
Transcription
1 European Summer School 2015 Economic and Legal Aspects of the Electricity, Gas and Heat Market Investment in offshore wind - utility s perspective Marek Dziewior European Summer School
2 Agenda E.ON and its renewable business Offshore wind in E.ON s portfolio Long way to the investment decision Regulatory framework for renewables European Summer School
3 E.ON s business areas Gas supply and transport Conventional Generation Renewable Energy Trading Distribution Energy efficiency Sales European Summer School
4 E.ON Group Financial Highlights 1 in millions /- % Electricity Sales (billion kwh) Gas Sales (billion kwh) 1, , Sales 111, ,688-7 EBITDA 2 8,337 9,191-9 EBIT 2 4,664 5, Investments 4,633 7, Employees (at year-end) 58,503 61, Adjusted for discontinued operations 2. Adjusted for extraordinary effects (see glossary on eon.com). European Summer School
5 E.ON s renewables business in figures Investments ( m) 2,299 1,485 1,065 1,235 1,250 1, , EBITDA ( m) Formation of EC&R We drive performance by building renewables where they create the most value European Summer School
6 E.ON s wind business Summary San Francisco 2510 MW Chicago 54% 46% Europe 165 MW Austin Key facts Assets with >4 GW total capacity 14.5 TWh electricity produced in 2013, equivalent to demand of 3.6m homes Global #8 in onshore wind Global #3 in offshore wind North America 2013: 875 employees, 31 nationalities 913 MW 41 MW 1,732 Essen Coventry Be 84 MW Hamburg Milan Malmö Szczecin 463 MW 328 MW 155 MW Be Headquarter Office location Capacity (MW) Onshore wind Offshore wind European Summer School
7 E.ON s offshore Wind Energy Projects Aa Kårehamn (48 MW) Robin Rigg (180 MW) Aa Scroby Sands (60 MW) London Array (189 MW) Amrumbank Kriegers Flak Aa West (600 MW) (288 MW) Ab Delta Nordsee Ab (324 MW) Aa Arkona-Becken Südost Humber alpha ventus Ab Rødsand II (378 MW) Aa Aa Gateway (16 MW) (41 MW) (219 MW) Aa Aa Ab Dutch Tender (2x350 MW) Aa Rampion (400 MW) AaIn operation Aa In construction Ab In development European Summer School
8 E.ON s offshore wind portfolio Country Project Status Start of Operation Capacity E.ON Share UK Blyth Operational MW 100% UK Scroby Sands Operational MW 100% Germany Alpha Ventus* Operational MW 26.25% UK Robin Rigg Operational MW 100% Denmark Rødsand 2 Operational MW 100% UK London Array** Operational MW 30% Sweden Kårehamn Operational MW 100% UK Humber Gateway Construction MW 100% Germany Amrumbank West Construction MW 100% To date, E.ON has already invested more than 3.7 billion into offshore wind projects, including London Array**, the world s largest offshore wind farm * Joint Venture of E.ON (26.25%), EWE (47.5%) and Vattenfall Europe (26.25%), **Joint Venture of E.ON (30%), DONG Energy (50%) and Masdar (20%)0 European Summer School
9 The next project is Rampion Project Summary Capacity: MW Technology: 116 x Vestas 3.45 MW turbines Average wind speed: 81.5m hub height Planned average turbine availability: ~96.7% Offshore substation: 1 substation, 2 x 240 MVA transformers, 2 export circuits Onshore substation: 2 x 240 MVA transformers, 2 circuits Onshore works: a 26.4 km underground cable route from landfall to the 400 kv substation (owned by National Grid), around 2 km south-west of Bolney Partnering: Green Investment Bank (25%) European Summer School
10 Why is offshore wind beneficial? Why E.ON fits offshore? Benefits for the system? Competitive advantage Wind yield/base load Similar to conventional generation No NIMBY 1 Investment size Jobs 1 NIMBY Not In My Back Yard European Summer School
11 Offshore projects require extensive longterm planning Origination Development Construction Operation Initial screening of potential sites Preliminary evaluation of seabed and wind conditions Securing of project and property rights Application for permission Wind Assessment/ Ground Survey Environmental Impact Assessment (EIA) Technical planning Securing of grid connection Receiving of construction permit Component contracts signed Installation of foundations and wind turbines Connection to onshore grid Commissioning and start of operation Hands-on and proactive operation Regular check and maintenance of technical equipment Repairs, overhauls and upgrades At end of lifetime: decommissioning or repowering The realization time of an offshore wind park, from the first idea to the start of the project, might require up to 10 years of continuous work and a complex project management European Summer School
12 Internal investment process Illustrative 2m 20-40m 1bn Gate 1 Presentation of early development/ strategic options Approval of budgets for development capital expenditure Gate 1.5 Proof of concept Approval of budgets for development capital expenditure Gate 2 Final Investment Decision Approval of construction budget Partnering agreement, bylaws All permits in place Most procurement contracts in place European Summer School
13 Documents supporting investment decisions Data Book Key project assumptions Risk register Risk and opportunities associated with the approval Counterparty risk assessment Compliance, sustainability and credit checks Financial model Independent economic calculation Gate paper Financials, KPIs, impact on organization, HSSE European Summer School
14 To invest or not to invest, that is the question NPV The present value of an investment's expected cash inflows minus the costs of acquiring the investment. IRR The interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero. Payback period The length of time required to recover the cost of an investment. The average total cost to build and operate a powergenerating asset over its lifetime divided by the total power output of the asset over that lifetime LCOE /MWh Source: Make Consulting; Offshore Stiftung European Summer School
15 Data needed for financial modelling CAPEX breakdown CAPEX 34% 16% 13% 13% 7% 17% M WTG Foundation Installation Electrical Other Risk + Contingency OPEX profile OPEX Wind rose Weibull distribution Power curve Wind yield Tariffs & Prices Offshore UK: income streams Power price ROCs WACC Cost of Equity Cost of Debt WACC * Proportion of equity * Proportion of debt European Summer School
16 Risk makes offshore wind more expensive Development Construction Operation Soil conditions Certification Financing availability Grid availability Weather risk Suppliers credit risks Interface risk Regulatory risk Components reliability O&M counterparty Wind risk (volume) Price risk Permitting Certification Grid connection Taxation Health & Safety Support schemes European Summer School
17 Support schemes drive the development of renewable generation / kwh Direct Marketing Feed-in Tariff Premium Model Green Certificate Trading US schemes Accelerated Depreciation (MACRS) 1 Constant / Adjusted Feed-in Tariff (FIT) Constant / Variable Premium Variable Revenue Green Certificate (GC) Renewable Energy Certificates (RECs) Production Tax Credits (PTCs) Wholesale price Wholesale price Wholesale price Wholesale price No support in addition to normal market price. Production is not traded in the market, generator receives revenue from authority. Either constant over support duration or annually adjusted, e.g. by consumer price index. Generator receives premium in addition to market price. Premium is either constant over support duration or annually adjusted depending on market price development. 1 Accelerated depreciation options for renewables assets exist in many countries, in addition to the specific support schemes Generator sells into the market and receives GCs per MWh produced (may be technology-specific). Suppliers have to fulfill increasing RES quotas, creating a national GC market. Value of GCs depends on RES quota fulfillment. No unified support across the US. Federal support includes cash grants, tax credits, and accelerated depreciation options. In addition, state certificate systems (RECs). European Summer School
18 What is good policy? What do investors expect from policy makers? Targets Targets must be ambitious but realistic and transparently financed Policy change It should be clear when or under which conditions policy will be reviewed Nondiscrimination Equal treatment of all investor groups Market orientation Level playing field for RES and conventional power generation, robust CO2 price gradual phase out of subsidies. Retroactive changes and stop-and-go policies hinder steady development and cost reductions Retroactive changes Spain 2013: remuneration scheme for operating renewable energy projects has changed - the feed-in tariffs are replaced with a regulated return on investment. Stop-and-go policy EEG 2009 EEG 2012 EU State Aid Guidelines EEG 2014 New EEG European Summer School
19 Well designed tender can bring cost down and attract new investors 1 State aid for environmental protection and energy - Due to cost inefficiencies and distortion of competition EU Commission adopted in April 2015 new rules on public support for RES generation. - From 2017 public support must be allocated in competitive bidding process. 2 Why tenders are good? Price discovery Competitive auctions can be a path for a gradual phase out of subsidies for more mature technologies like onshore wind and PV. In the long term also for less mature technologies like offshore wind. Cost control In contrast to FIT regime build out of capacity can be better steered and by that cost to consumers and grid operators is more predictable. Grid Better coordination of grid enhancement. Stable income Remuneration in form of market premium reduces for operators the income risk. 3 Key elements of clever auction design Rigorous Prequalification Competition Only price matters Uniform pricing Realistic delivery window Penalties for non realization European Summer School
20 What do we expect from the EU? 2030 targets A robust governance system for the Energy Union and 2030 Framework Rules harmonization Public support, cooperation mechanism Regulatory barriers (e.g. European Birds and Habitats Directive) Carbon pricing ETS: Robust CO2 price signal for investment allocation R&D Provide funding for R&D (e.g. floating foundations, maritime logistics) Grid Coordinated development of grid (e.g. North Seas Countries' Offshore Grid Initiative, NSCOGI) European Summer School
21 Thank you for your attention! European Summer School
22 Back-up European Summer School
23 E.ON s new strategy Strategy Empowering customers. Shaping markets. Transformation One2two: Best in both worlds. New profiles Uniper Empowering customers Shaping markets European Summer School
24 Business portfolio of future E.ON 1 Renewables Distribution Customer Solutions ~4.0 GW capacity ~15 GW global pipeline >1 million km networks ~26 million grid customers ~32 million sales customers Europe onshore Europe offshore US onshore 1.1 GW 0.5 GW 2.3 GW Germany Sweden Other EU 2 Turkey 2 440,000 km 137,000 km 311,000 km 200,000 km UK 7.7m Germany 6.3m Other EU 2 9.4m Turkey 2 9.0m figures, corrected for Spain/Italy disposals agreed to 2. E.ON holds 49% in ZSE and 50% in Enerjisa. Figures for ZSE and Enerjisa included at 100% European Summer School
25 Business portfolio of Uniper 1 Power Generation Global Commodities Exploration & Production 2 46 GW of capacity 3 Germany 17.2 GW UK 7.5 GW Sweden 6.5 GW Other Europe 5.0 GW Russia 9.9 GW Coal supply Gas LTCs Gas storage LNG regas 29 m t 35 bcm 9 bcm 4.7 bcm Russia Production 37.3 mm boe figures, corrected for Spain/Italy disposals agreed to 2. Strategic review of E&P North Sea 3. E.ON holds 83% of E.ON Russia and 43% of Eneva. E.ON Russia included at 100%, Eneva not included European Summer School
26 Offshore wind: capacity installed 2014 MW Ireland Finland Sweden Netherlands Belgium Germany Denmark United Kingdom European Summer School
Arkona Offshore Wind Project
Holger Matthiesen 04.12.2017 Arkona Offshore Wind Project Norwegian offshore wind delegation E.ON strategy Global trends like sustainability and climate protection, digitalization and technological innovation
More informationOptimizing wind farms
Optimizing wind farms We are Uniper Your benefits We are a leading international energy company with operations in more than 40 countries and around 13,000 employees. We combine a balanced portfolio of
More informationCost of Electricity (CoE)
Cost of Electricity (CoE) Cost reduction Road to 40% reduction in CoE 2 June 2014 Christian Juul For External usage Reduction in cost is essential to make offshore wind competitive and reduce dependency
More informationE.ON UK plc Group Consolidated Segmental Report. for the year ended 31 December 2011
E.ON UK plc Group Consolidated Segmental Report for the year ended 31 December 2011 In accordance with the Electricity Generation Licence Condition 16 - Financial Information Reporting and the Electricity
More informationMODULAR HUB AND SPOKE 17 NOVEMBER 2017
MODULAR HUB AND SPOKE 17 NOVEMBER 2017 Executive Summary Future North Sea offshore wind farms will increasingly be located further from shore. The longer distances to shore and generally deeper waters
More informationOpportunities in the journey to subsidy free Bruce Valpy Glasgow 4 May 2016
Opportunities in the journey to subsidy free Bruce Valpy Glasgow 4 May 2016 1/13 Agenda UK opportunities in the journey to subsidy free Contents Selected clients 1. Journey to subsidy free 2. And beyond
More informationYour experts for coal assets
Your experts for coal assets We are Uniper Your benefits We are a leading international energy company with operations in more than 40 countries and around 13,000 employees. We combine a balanced portfolio
More informationLondon Array signs contracts worth almost 2bn for work on world s largest offshore wind farm
Press Release London Array signs contracts worth almost 2bn for work on world s largest offshore wind farm Supply and installation contracts finalised for first phase of offshore wind farm Six contractors
More informationE.ON Strategic Co-Investments Adding value to Start-ups and E.ON Group
E.ON Strategic Co-Investments Adding value to Start-ups and E.ON Group Konrad Augustin Head of SCI US July 2015 An Overview of E.ON At facilities across Europe, Russia, and North America, our more than
More informationSenvion signs conditional contract in USA for 275 MW
Senvion signs conditional contract in USA for 275 MW August 21, 2018 Senvion signs conditional contract in USA for 275 MW Third large-scale order for 4.2M140 turbine within a month Denver, Hamburg: Senvion
More informationEDF Trading. At a Glance
Global Headquarters 80 Victoria Street SW1E 5JL United Kingdom Tel: +44 (0) 20 7061 4000 Fax: +44 (0) 20 7061 5000 www.edftrading.com EDF, Dominique Guillaudin, France. Who we are EDF Group is part of
More informationNord Stream 2: Market Perspectives for the Long-Term Financing of the Project
Nord Stream 2: Market Perspectives for the Long-Term Financing of the Project Paul Corcoran, CFO Nord Stream 2 AG International Business Congress IBC Law, Banking, Finance Working Committee Meeting «New
More informationDisclaimer This presentation contains forward-looking statements regarding future events and the future results of Eni that are based on current
Disclaimer This presentation contains forward-looking statements regarding future events and the future results of Eni that are based on current expectations, estimates, forecasts, and projections about
More informationSmartECR Business Value Through Real-Time Data
SmartECR Business Value Through Real-Time Data Presented by Uwe Fischer E.ON Copyright 2011 OSIsoft, LLC Agenda Company Overview SmartECR Scope SmartECR Challenges SmartECR Solutions Next Steps Copyright
More informationIntroduction: E.ON Strategic Co-Investments EcoSummit
Introduction: E.ON Strategic Co-Investments EcoSummit An Overview of E.ON At facilities across Europe, Russia, and North America, our more than 72,000 employees generated approx. 122 billion in sales in
More informationKent Wind Energy Networking Event. Wednesday 26 th September
Kent Wind Energy Networking Event Wednesday 26 th September Consortium partners Dong Energy is a leading offshore wind developer, having built around half of all offshore wind farms globally. (50%) E.ON
More informationWIND POWER EPC. Anders Lindberg, Head of EPC. Meet the Management, 2 February 2017
WIND POWER EPC Anders Lindberg, Head of EPC Meet the Management, 2 February 2017 83 Anders Lindberg Senior Vice President, Head of EPC Born: 1965 Education: EMBA in Business Administration (SSE) & MSc.
More informationElia Grid International Your expert in power system solutions
Elia Grid International Your expert in power system solutions 2 ELIA GRID INTERNATIONAL Your expert in power system solutions Backed by major grid operators Elia Grid International combines the best of
More informationGDF SUEZ Infrastructures Business Line. Yves Colliou
GDF SUEZ Infrastructures Business Line Yves Colliou Key business figures * European leader in natural gas infrastructures 1 st natural gas transmission network 1 st gas distribution network 2 nd largest
More informationBEMIP implementation WG. Interconnectors Market development
BEMIP implementation WG Interconnectors Market development Estlink 2 The EstLink 2 project is supported by the EU: 100 M EUR Conditions set by Fingrid for construction of Estlink 2, autumn 2009: Estonia:
More informationCreating the future of energy. March 2019
Growth Focus Discipline Creating the future of energy http://www.energyfortomorrow.eu/ March 2019 Disclaimer This presentation contains information relating to E.ON Group ("E.ON") that must not be relied
More information16 November 2016 r. 1
16 November 2016 r. 1 Grounds for updating the ENERGA Group s Strategy The electricity market is undergoing RAPID CHANGE Retaining its position will call for aligning the model to changes as they take
More informationRegulating and pricing network access
Regulating and pricing network access László Szabó ERRA Training 5-8 March, 2013, Budapest Lecture outline Network: an essential infrastructure Getting connected Pricing the use of existing electricity
More informationFinancial Statements for 2000 & Business and Strategy Overview
Financial Statements for 2000 & Business and Strategy Overview February 12, 2001 Q4 Report February 12, 2001 / 1 Contents Financial Overview Kim Ignatius Business and Strategy Overview Kaj-Erik Relander
More informationAn Introduction to Network Codes & The Links Between Codes
An Introduction to Network Codes & The Links Between Codes April 2014 About ENTSO-E 41 TSOs from 34 countries 532 million citizens served 828 GW generation 305 Thousand Km of transmission lines Ten-Year
More informationTHIRD QUARTER Oct 21, 2016
THIRD QUARTER 2016 Oct 21, 2016 HElena norrman Senior Vice President Chief Marketing and Communications Officer THird QUARTER 2016 Oct 21, 2016 This presentation contains forward-looking statements. Such
More informationWIND. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com
WIND Representing clients across the renewable energy industry Troutman Sanders renewable energy attorneys offer innovative legal solutions to help clients succeed in the wind energy industry. Our deep
More informationColumbus delivers 52% growth in revenue
Release no. 20, 2018 Interim Management Statement for Q3 YTD 2018 November 7th, 2018 Release no. 20/2018 Interim Management Statement Q3 YTD 2018 Columbus delivers 52% growth in revenue In the first three
More informationinnogy what does the future hold?
innogy what does the future hold? Frank-Detlef Drake Head of Strategy and Technology London, 30 th January 2018 FUTURE ENERGY SYSTEM We set up innogy to build on and drive the three megatrends of the energy
More informationBuilding Efficiency as a Service
Building Efficiency as a Service Based on a Managed Service Agreement Restricted Siemens Switzerland Ltd 2017 siemens.com The building efficiency imperative 41% buildings share of global emissions. CO
More informationExhibit to Agenda Item #2
Exhibit to Agenda Item #2 Special SMUD Board of Directors Meeting Wednesday,, Immediately following the Energy Resources & Customer Services Committee Meeting Scheduled to begin at 5:30 p.m. Customer Service
More informationConnecting and Managing Offshore Wind Danish Embassy - 4 th December 2012
Connecting and Managing Offshore Wind Danish Embassy - 4 th December 2012 Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same
More informationInteroute Acquisition Summary. February 26, 2018
Interoute Acquisition Summary February 26, 2018 Disclaimer Forward-Looking Statements: This presentation contains forward-looking statements which are made pursuant to the safe harbor provisions of Section
More informationForeign Direct Investment (FDI) and Renewable Energy. Donal Flavin, Strategic Policy Manager, IDA Ireland
Foreign Direct Investment (FDI) and Renewable Energy Donal Flavin, Strategic Policy Manager, IDA Ireland October 11, 2018 Presentation Outline IDA Ireland. Ireland s FDI (Foreign Direct Investment) Sector.
More informationIn preparing this guidance document, consideration has been given to the following principles:
E.ON UK PLC CORPORATE RESPONSIBILITY REPORTING GUIDANCE This Reporting Guidance document supports the preparation and reporting of the following Customers and People Key Performance Indicators (KPIs) prepared
More informationQ1 FY08 Highlights and Financial Guidance*
Investor Presentation August 2008 1 Safe Harbor Any statements in this presentation regarding future expectations, plans and prospects for the Company, including statements containing the words "believes,"
More informationEconomics: Principles in Action 2005 Correlated to: Indiana Family and Consumer Sciences Education, Consumer Economics (High School, Grades 9-12)
Indiana Family and Consumer Sciences Education, Consumer Economics Consumer Economics 1.0 PROCESSES: Explain, demonstrate, and integrate processes of thinking, communication, leadership, and management
More informationState-of-the-Art development in distribution grid operation under the constraint of large RE contribution
State-of-the-Art development in distribution grid operation under the constraint of large RE contribution Oldenburg, 19. November 2013 Dr. Johannes Rolink, R & D, EWE AG Content 1 Facts about EWE 2 Regulatory
More informationExhibit to Agenda Item #3
Exhibit to Agenda Item #3 Special SMUD Board of Directors Meeting Tuesday, scheduled to begin at 5:30 p.m. Customer Service Center, Rubicon Room Powering forward. Together. Physical Security Audit observations
More informationMocuba The First Utility Scale PV Project in Mozambique
Scatec Solar ASA Mocuba The First Utility Scale PV Project in Mozambique October 26th, 2017 Scatec Solar - Integrated Independent Power Producer Scatec Solar develops, builds, owns & operates solar plants
More informationTaiwan Offshore Wind Policy and Regulation
Taiwan Offshore Wind Policy and Regulation Prepared by: Emilie Reeve 2 nd May 2018, Glasgow 0 Taiwan offshore wind development target timeline Government set timeframe for offshore wind growth Current
More informationExperiences and inspiration from Denmark
Enabling the Private Sector to Power its Operations with Renewable Energy: Side event on the CEM Corporate Sourcing Experiences and inspiration from Denmark Kim Møller Porst/ Special Advisor Danish Ministry
More informationAn Integrated Platform for Increased FLEXIbility in smart TRANSmission grids with STORage Entities and large penetration of Renewable Energy Sources
An Integrated Platform for Increased FLEXIbility in smart TRANSmission grids with STORage Entities and large penetration of Renewable Energy Sources Project presentation This project has received funding
More informationACQUISITION OF MWR INFOSECURITY ACCELERATED REVENUE GROWTH F-Secure Q3 / 2018
ACQUISITION OF MWR INFOSECURITY ACCELERATED REVENUE GROWTH F-Secure Q3 / 2018 1 AGENDA Key takeaways from Q3 Key figures Business updates Outlook Financials Supplementary material 2 KEY TAKEAWAYS FROM
More information1Q17 RESULTS M AY / 2017
RESULTS M AY / 2017 Positivo Tecnologia recorded a net revenue of R$453.5 million in, an increase of 20.7% Continuous progress in the diversification of the business, with mobile phones reaching 32.6%
More informationRWE Innogy - The competence hub for renewables within RWE. Investor s presentation, March 2016
RWE Innogy - The competence hub for renewables within RWE Investor s presentation, March 2016 Disclaimer This presentation contains certain forward-looking statements within the meaning of the US federal
More informationInnovation as a key strategic advantage: CEOs perspective
Innovation as a key strategic advantage: CEOs perspective Paolo Pietrogrande Netplan Management Consulting, LLC Executing innovation market share right product right timing proper market access focus 3
More informationOctober 2017 INVESTING FOR THE FUTURE. NIE Networks summary business plans
October 2017 INVESTING FOR THE FUTURE NIE Networks summary business plans 2017-2024 Rasharkin cluster substation Who we are NIE Networks is the owner of the electricity transmission and distribution networks
More informationSmart Metering and Smart Grids: the Enel
Smart Metering and Smart Grids: the Enel experience Brussels, 8 March 2010 Dario Garofalo Regulatory and Environment, Enel SpA Agenda Smart grids potential Enel achievements and strategy Smart grids regulation
More informationIntegrated Resource Planning April 20, 2010
Integrated Resource Planning April 20, 2010 Judy Stokey, Executive Government and External Affairs Jack McGinley, Development Director, Renewables Gary Smith, Project Director-Smart Technologies Presentation
More informationResults for the year ending 31 March 2010.
Induction MITIE at a glance We re the strategic outsourcing and asset management company; FTSE 250 listed support services business with a track record of more than 20 years of growth; Revenues in excess
More informationA STRONG QUARTER FOR CORPORATE AND CONSUMER SECURITY. Samu Konttinen, CEO Interim Results Q1 2017
A STRONG QUARTER FOR CORPORATE AND CONSUMER SECURITY Samu Konttinen, CEO Interim Results Q1 2017 1 AGENDA Key takeaways from Q1 Financials Business updates Outlook 2 KEY TAKEAWAYS FROM Q1 Corporate security
More informationProject to acquire Clarion Accelerating strategy to become a global leader in cockpit electronic systems. October 26, 2018
Project to acquire Clarion Accelerating strategy to become a global leader in cockpit electronic systems October 26, 2018 A value-creating acquisition fully in line with Faurecia strategy Clarion is a
More informationEricsson Second quarter 2018
Ericsson Second quarter 2018 July 18, 2018 Telefonaktiebolaget LM Ericsson 2018 Second quarter report 2018 July 18, 2018 Page 1 Peter Nyquist Vice President Investor Relations Telefonaktiebolaget LM Ericsson
More informationUNITED INTERNET AG. 6-Month Frankfurt/Main, August 13, 2018
UNITED INTERNET AG 6-Month 2018 Frankfurt/Main, August 13, 2018 1 H1 2018 Frankfurt/Main, August 13, 2018 AGENDA Ralph Dommermuth Company development Outlook Frank Krause Results H1 2018 2 H1 2018 Frankfurt/Main,
More informationDue Diligence Services for Global Investment Agency to Assess the Business Case of Offshore Wind Plant Installations in India
Due Diligence Services for Global Investment Agency to Assess the Business Case of Offshore Wind Plant s in India join the Future now Copyright 2016 ENINCON LLP, All rights reserved Opportunity Assessment
More informationImagine a place where the energy is green and excess data center heat isn t wasted. Imagine Stockholm.
Imagine a place where the energy is green and excess data center heat isn t wasted. Imagine Stockholm. The Stockholm Data Parks initiative will contribute to completely phasing out fossil fuels in Stockholm
More informationIFC ENERGY STORAGE MARKET REPORT
IFC ENERGY STORAGE MARKET REPORT DEVELOPMENTS AND OPPORTUNITIES FOR ENERGY STORAGE IN EMERGING MARKETS JANUARY 9, 2016 ANISSA DEHAMNA PRINCIPAL RESEARCH ANALYST NAVIGANT RESEARCH 1 / 2016 NAVIGANT CONSULTING,
More informationAgenda Business Overview Operating Results Financial Results
1 Agenda 2001 Business Overview 2001 Operating Results 2001 Financial Results 2 2001 Business Overview Satisfactory Operating Performance New Businesses Taking-off Increasingly Efficient Operations Promising
More informationResults Leading the PV business
Results 2012 1 Executive Summary Improvements in Operational Results Improvements in Corporate Debt Compliance with Strategic Plan 2012-2014 2 Improvements in Operational Results In a very complex market
More informationRevenue and earnings increase
24 April 2018 Financial press release Síminn hf. Q1 2018 Revenue and earnings increase Síminn s revenue amounted to ISK 6,874 million in the first quarter (Q1) of 2018, compared to ISK 6,723 million in
More informationDenmark - the new world class data centre hub
Denmark - the new world class data centre hub Martine Kildeby Investment Manager +49 (0) 89 54 58 54 25 markil@um.dk Kim Schultz Special Advisor Data Centres Phone: +45 21 40 83 80 kimsch@um.dk Jørn Thorgård
More informationNetworks as the enabler of the new energy world
Networks as the enabler of the new energy world Anders Olsson, Vice - CEO E.ON Nordic IEEE Innovative Smart Grid Technologies Conference, Gothenburg, 11th October 2010 Content Global trends EU Climate
More informationNokia Conference Call First Quarter 2010 Financial Results
Nokia Conference Call First Quarter 2010 Financial Results April 22, 2010 15.00 Helsinki time 8.00 New York time Olli-Pekka Kallasvuo CEO Timo Ihamuotila CFO Kristian Pullola Head of Treasury and Investor
More informationE.ON success in power generation
E.ON success in power generation E.ON s Nuclear Fleet and New Build Involvement in Europe Dr. Michael Micklinghoff Senior Vice President: New Nuclear Development Helsinki 5 th November 2009 E.ON AG 2008
More information#Q1_2018. Orange financial results. Ramon Fernandez Deputy CEO, Chief Financial and Strategy Officer. 26 April 2018
#Q1_2018 Orange financial results Ramon Fernandez Deputy CEO, Chief Financial and Strategy Officer 26 April 2018 Disclaimer This presentation contains forward-looking statements about Orange. Although
More informationSamu Konttinen, CEO Q3 / 2017 CORPORATE SECURITY REVENUE UP BY 11% - GOOD GROWTH CONTINUED
Samu Konttinen, CEO Q3 / 2017 CORPORATE SECURITY REVENUE UP BY 11% - GOOD GROWTH CONTINUED 1 AGENDA Key takeaways from Q3 Key figures Business updates Outlook Financials FAQ All figures refer to continuing
More informationCOMPANY PROFILE JOVYATLAS WÄRTSILÄ JOVYATLAS EUROATLAS GMBH
COMPANY PROFILE JOVYATLAS WÄRTSILÄ JOVYATLAS EUROATLAS GMBH 1 Wärtsilä JOVYATLAS Overall Company Information Foundation 1.12.1945 Employees 140 (JOVYATLAS) Turnover 2014 20.3 Mio Area m² 23.700 site 8.300
More informationCellnex Telecom Q3 revenues grow by 42% to 453 million
Results January-September 2015 press release Cellnex Telecom Q3 revenues grow by 42% to 453 million Recurring EBITDA reached 176 million euros (+33%) Financial & operational highlights EBITDA forecast
More informationWater Asset Management Conference. Convergence of Water and Data Launches Wave of New Opportunities and Solutions. Boston, MA.
Convergence of Water and Data Launches Wave of New Opportunities and Solutions Boston, MA October 2017 WWW.BLUEFIELDRESEARCH.COM water INSIGHT Bluefield Research is an independent advisory firm positioned
More informationGREEN POWER FOR MOBILE TELECOMS OUTSOURCING POWER NEEDS TO AN ESCO IS EAST AFRICA TELECOMS READY FOR THE ESCO MODEL?
GREEN POWER FOR MOBILE TELECOMS OUTSOURCING POWER NEEDS TO AN ESCO IS EAST AFRICA TELECOMS READY FOR THE ESCO MODEL? May 2013 The Emerging Mobile Ecosystem in Africa Orun Energy: Vision and Product Suite
More informationENTSO-E working to fulfill the 3 rd Package
ENTSO-E working to fulfill the 3 rd Package Regulators Role in Developing Infrastructure, Florence February 7 2012 Geoffrey Feasey, ENTSO-E Corporate Affairs Manager ENTSOE s role in implementing European
More informationSlide title 48 pt 21 july 2011 Slide subtitle 30 pt
21 july 211 Helena norrman SENIOR VICE PRESIDENT COMMUNICATIONS THIS PRESENTATION CONTAINS FORWARD-LOOKING STATEMENTS. SUCH STATEMENTS ARE BASED ON OUR CURRENT EXPECTATIONS AND ARE SUBJECT TO CERTAIN RISKS
More informationSUBJECT: PRESTO operating agreement renewal update. Committee of the Whole. Transit Department. Recommendation: Purpose: Page 1 of Report TR-01-17
Page 1 of Report TR-01-17 SUBJECT: PRESTO operating agreement renewal update TO: FROM: Committee of the Whole Transit Department Report Number: TR-01-17 Wards Affected: All File Numbers: 465-12, 770-11
More informationStem Beach Solar 1041 Application
Stem Beach Solar 1041 Application September 18 th, 2018 By: Stem Beach Solar LLC, Invenergy LLC 1401 17 th Street, Ste 1100 Denver, Colorado 80202 For: Pueblo County Agenda 1. About Invenergy 2. Project
More informationFourth Quarter and Full Year 2018 Earnings Presentation. February 21, 2019
Fourth Quarter and Full Year 2018 Earnings Presentation February 21, 2019 1 Safe Harbor Caution Concerning Forward-Looking Statements Various remarks that the Company makes contain forward-looking statements
More informationNokia Conference Call Fourth Quarter 2010 and Full Year 2010 Financial Results
Nokia Conference Call Fourth Quarter 2010 and Full Year 2010 Financial Results January 27, 2011 15.00 Helsinki time 8.00 New York time Stephen Elop President and CEO Timo Ihamuotila CFO Matt Shimao Head
More informationBA212: Class 2. An Overview of the Natural Gas and Electricity Industries. The Natural Gas Industry. Gas: The clean fossil fuel
BA212: Class 2 An Overview of the Natural Gas and Electricity Industries The Natural Gas Industry Gas: The clean fossil fuel Professors Borenstein & Bushnell BA212 - Spring 2008 Page 2 1 The Natural Gas
More informationCOMPANY PROFILE JOVYATLAS WÄRTSILÄ JOVYATLAS EUROATLAS GMBH
COMPANY PROFILE JOVYATLAS WÄRTSILÄ JOVYATLAS EUROATLAS GMBH 1 JOVYATLAS Overall Company Information Foundation 1.12.1945 Employees 140 (JOVYATLAS) Turnover 2014 20.3 Mio Area m² 23.700 site 8.300 operation
More informationWind Power Systems - Project Rödsand 2
Wind Power Systems - Project Rödsand 2 Nysted & Rödsand 2 Jörgen Svensson Industrial Electrical Engineering and Automation Outline - Rödsand 2 Background The task Project phases Design inputs Project management
More informationInterim Report Q2/2016 Samu Konttinen, CEO SECOND QUARTER REVENUES INCREASE BY 11% FROM PREVIOUS YEAR
Interim Report Q2/216 Samu Konttinen, CEO SECOND QUARTER REVENUES INCREASE BY 11% FROM PREVIOUS YEAR AGENDA New CEO Highlights from Q2 Market update Business update Outlook Financials 2 SAMU KONTTINEN
More informationReal-time Data Infrastructure Applied to the Monitoring of Renewables Assets
Real-time Data Infrastructure Applied to the Monitoring of Renewables Assets Presented by Aurélie Nasse, Operations Control Center Manager EDF EN Services Copyright 2011 OSIsoft, LLC Disclaimer The figures
More informationSamu Konttinen, CEO Q4 / 2017 CORPORATE SECURITY REVENUE GROWTH ACCELERATED TO 16%
Samu Konttinen, CEO Q4 / 2017 CORPORATE SECURITY REVENUE GROWTH ACCELERATED TO 16% 1 AGENDA Key takeaways from Q4 Key figures Business review for 2017 Outlook 2018 Outlook for 2018-2021 Financials FAQ
More informationOn the Road to a Common Market: The European Electricity Market and the Role of Regional Cooperation. Mark Copley 27/05/14
On the Road to a Common Market: The European Electricity Market and the Role of Regional Cooperation Mark Copley 27/05/14 1) Why integrate markets? 2) The legal framework 3) The European Target Model 4)
More informationFebruary 2, Q presentation. Claus Hougesen, CEO
February 2, 2012 Q4 2011 presentation Claus Hougesen, CEO Group Q4 2011 highlights Revenue of MNOK 6,519.2, up 12.0% in constant currency Organic growth of 5.1% in constant currency EBITDA of MNOK 374.9,
More informationBEZEQ (TASE: BEZQ) Investor Presentation
BEZEQ (TASE: BEZQ) Investor Presentation Forward-Looking Information and Statement This presentation contains general data and information as well as forward looking statements about Bezeq The Israel Telecommunications
More informationCapital Markets Day. Global Infrastructure and Networks. Livio Gallo
Capital Markets Day Global Infrastructure and Networks Livio Gallo Integrated model fit for digitalized, low carbon world Cash flow generation Digital infrastructure platform Global risk mitigation Solid
More informationExhibit to Agenda Item #1a
Exhibit to Agenda Item #1a Sandra Kopp Wednesday, Board Finance September & Audit 28, Committee 2011 Meeting and Special SMUD Board of Directors Meeting Budget 2018 Wednesday,, scheduled to begin at 5:00
More informationIMPLICATIONS AND OPPORTUNITIES OF THE REIT MODERNIZATION ACT
IMPLICATIONS AND OPPORTUNITIES OF THE REIT MODERNIZATION ACT INTRODUCTION Congress created REITs in 1960 to allow people to invest in diversified, professionally managed real estate enterprises, but over
More informationEU Customs Policy for Supply Chain Security & Detection Technology (for CBRNE)
EU Customs Policy for Supply Chain Security & Detection Technology (for CBRNE) Manuela Cabral Directorate General for Taxation and Customs Union Head of Risk management and Security, Unit B 2 Brussels,
More informationNokia Conference Call 1Q 2012 Financial Results
Nokia Internal Use Only Nokia Conference Call 1Q 2012 Financial Results April 19 th, 2012 15.00 Helsinki time 8.00 New York time Stephen Elop President & CEO Timo Ihamuotila CFO Matt Shimao Head of Investor
More informationInternational cooperation on power interconnection: Mongolian Regulatory perspective
4 th Northeast Asia Energy Security Forum International cooperation on power interconnection: Mongolian Regulatory perspective ENKHTUVSHIN Ganbaatar Ph.D. candidate Energy and Environmental Department,
More informationEricsson First quarter 2018
Ericsson First quarter 2018 April 20, 2018 Ericsson Internal 2018-02-21 Peter Nyquist Vice President Investor Relations Ericsson Internal 2018-02-21 First quarter 2018 April 20, 2018 This presentation
More informationAPRIL 2018 ABB Division Fact Sheets
APRIL 208 ABB Division Fact Sheets ABB financial summary Revenues by division 207 % of total revenues 24% 29% 9% PG EP 28% IA RM Revenues by region 207 % of total revenues 35% Europe Americas AMEA 46%
More informationPublic consultation on the revision of the Recommendation on relevant markets
PER E-MAIL cnect-relevant-markets@ec.europa.eu EUROPEAN COMMISSION DG Communications Networks, Content & Technology Regulatory Coordination and Markets Unit (B3) BU33 6/26 CM Groep Konijnenberg 30 4825
More informationHitachi Announces 2018 Mid-term Management Plan
FOR IMMEDIATE RELEASE Contacts: Japan: Mickey Takeuchi U.K.: Yuki Maeda Hitachi, Ltd. Hitachi Europe Ltd. +81-3-5208-9324 +44-1628-585714 masayuki.takeuchi.cc@hitachi.com yuki.maeda@hitachi-eu.com Hitachi
More informationCHANGING THE WAY WE LOOK AT NUCLEAR
CHANGING THE WAY WE LOOK AT NUCLEAR John Hopkins Chairman and CEO, NuScale Power NuScale UK Supplier Day 13 July 2016 Acknowledgement and Disclaimer This material is based upon work supported by the Department
More informationAnalyst Presentation Half year results July 2007
Analyst Presentation Half year results 2007 20 July 2007 Agenda Business Review H1 2007 - B. Moschéni Financial Figures H1 2007 - W. De Laet Outlook FY 07 & Conclusions - B. Moschéni 2 3 Business Review
More informationRWE Deutschland Strong value driver and additional growth potential
RWE Deutschland Strong value driver and additional growth potential Reverse Roadshow Exane BNP Paribas, Essen, 5 September 2014 Arndt Neuhaus Chief Executive Officer, RWE Deutschland AG Forward Looking
More informationF-Secure Corporation - Interim report Q2 2011
F-Secure Corporation - Interim report Q2 2011 (Unaudited) July 27, 2011 Kimmo Alkio, President & CEO Protecting the irreplaceable f-secure.com Q2 highlights Operator channel performed strongly showing
More information