1 siemens gamesa renewable energy - swiss re3a397e12-4ade-459a-85f7...hywind: the world’s first...

© Siemens Gamesa Renewable Energy SAS Offshore | Sales

Conférence

L'éolien offshore: caractéristiques et mode de constructionParis, 5th June 2018


Agenda

Offshore Business Unit 2

234

1Our Offshore business

Offshore product portfolio

Contributions throughout the entire Value Chain

Siemens Gamesa Renewable Energy


SGRE - Offshore by the numbers (FY17)

7.2 €BBacklog1

~6kemployees

The world’s bestoffshoreturbine

1.7 GWOrder entry2

3.2 €BRevenue2

~11 GWinstalled

Most modern and

scalable footprint

1) As of December 2017 2) Pro-forma

>25 yearsExperience in the offshore

industry


Agenda


234






Market leader within Offshore Wind Power: ~ 11 GW installed1)

Project YearBurbo Bank: 25x SWT-3.6-107 2007

Dudgeon: 57x SWT-6.0-154 2017

Greater Gabbard: 140x SWT-3.6-107 2012

Gunfleet Sands I & II: 48x SWT-3.6-107 2009

Gunfleet Sands III: 2x SWT-6.0-120 2013

Gwynt Y Mor: 160x SWT-3.6-107 2015

Hywind: 5x SWT-6.0-154 2017

London Array: 175x SWT-3.6-120 2013

Lincs: 75x SWT-3.6-120 2013

Lynn/Inner Dowsing: 54x SWT-3.6-107 2008

Rhyl Flats: 25x SWT-3.6-107 2009

Sheringham Shoal: 88x SWT-3.6-107 2012

Teesside: 27x SWT-2.3-93 2013

Walney I: 51x SWT-3.6-107 2011

Walney II: 51x SWT-3.6-120 2012

Westermost Rough: 35x SWT-6.0-154 2015

Our offshore business

1) Installed by November 2017

Uni

ted

Kin

gdom

Project YearAlpha Ventus: 6x AD5-116 2015

Amrumbank West: 80x SWT-3.6-120 2015

Baltic I: 21x SWT-2.3-93 2010

Baltic II: 80x SWT-3.6-120 2015

BHV Airport: 1x AD8-180 2017

Borkum Riffgrund I: 78x SWT-4.0-120 2015

Butendiek: 80x SWT-3.6-120 2015

DanTysk, 80x SWT-3.6-120 2015

Global Tech: 80x AD5-116 2015

Gode Wind I & II:55x SWT-6.0-154 + 42 x SWT-6.0-154

20162017

Lehe 1, 2 & 3:2x AD5-116 + 1x AD5-135

20082013

Meerwind Süd Ost: 80x SWT-3.6-120 2014

Riffgat: 30x SWT-3.6-120 2014

Sandbank: 72x SWT-4.0-130 2017

Speckenbüttel 1 & 2: 2x AD5-116 2004

Trianel Borkum: 40x AD5-116 2015

Veja Mate: 67x SWT-6.0-154 2017

Wikinger: 65x AD5-135 2017

Ger

man

y

Project YearAnholt: 111x SWT-3.6-120 2013

Frederikshavn: 1x SWT-2.3-82 2003

Horns Rev II: 91x SWT-2.3-93 2009

Middelgrunden: 20x SWT-2.0-76 2000

Rødsand/Nysted: 72x SWT-2.3-82 2003

Rødsand II: 90x SWT-2.3-93 2010

Rønland: 4x SWT-2.3-93 2002

Samsø: 10x SWT-2.3-82 2002

Vindeby: 11x 0.45 MW -37 1991

Den

mar

k

Project YearRudong Intertidal: 21x SWT-2.3-101 2011C

hina

Hol

land Project Year

Gemini: 150x SWT-4.0-130 2016

Westermeerwind: 48x SWT-3.0-108 2016

Taiw

an Project YearFormosa: SWT-4.0-120 2017

Project YearLillgrund: 48x SWT-2.3-93 2007Sw

eden

Project YearHywind: 1x SWT-2.3-82 2009N

orw

ay

Project YearPori: 1x SWT-2.3-101 2010Fi

nlan

d

5


LCoE cost out strategy:The road to reaching below 8 ct. €/kWh (FID) by 2025

6Our offshore business

2020

14.5 ct/kWh <10 ct/kWh

2030

Wind turbine GridFoundations OPEX AEP

2014

<8 ct/kWh

2025

Five cost-down levers

Roadmap until 2030

Continuous improvements


Future contributors to cost out –Cost reduction through wind turbine upgrades


30 years of experience in wind turbine technology22kW ⇓ 30kW95kW ⇓ 120kW

450kW ⇓ 600kW1MW ⇓ 1.3MW2MW ⇓ 2.3MW

3.6MW ⇓ 4.0MW6.0MW ⇓ 7.0MW7.0MW ⇓ 8.0MW

In rounded figures, AEP increases by:6% at a 10% increase of rated power4% at a 10% increase of rotor area10% at a 10% increase of both

Size does matter: The way forward to improvecompetitiveness of wind turbines


Further cost out through industrialization –The new plants in Germany and the UK


Nacelle production site(Offshore DD platform)

• Investment of €200 mio• Up to 1,000 jobs• Allows loading via a Ro-Ro ramp

directly onto a transport vessel• Start of production in CY2017

Blade factory(B75)

• Investment of €190 mio• Up to 1,000 jobs• Allows loading via a Ro-Ro ramp

directly onto a transport vessel• Production began: end of CY2016

Cuxhaven, Germany

Hull, England


Agenda


234






Continuously evolving Product Portfolio to match marketand customer needs

OffshoreGeared

OffshoreDirect Drive SG-8.0-167 DD

SWT-6.0-120 SWT-6.0-154 SWT-7.0-154

SWT-3.6-107SWT-4.0-130

SWT-4.0-120

SWT-3.6-120

10

2006 2009 2010 2011 2012 2013 2014 20162015 2017

Commercializing offshore Evolving proven technology Maximizing profitability

Offshore portfolio


Upgrading from 7MW to 8MW enables significant customer benefits atlowest possible risk

SWT-7.0-154 SWT-8.0-154

Increased ~10%

Serial installation 2020

Serial produced >1,000 units by 2020

Re-use technology and supply chain

Minimal impact

Annual Energy Production

Time-to-market

Industrialization

Supply chain

Balance of plant


Highly Accelerated Lifetime Testing (HALT) –Simulating 25 years of operation

Structure PerformanceRotor

Test programs performed• Blade tests• Blade bearing tests• Pitch tests

Test programs performed• Main bearing tests• Back-to-Back tests• Vibration tests

Test programs performed• No load test• Low load tests• Performance tests


SGRE is in pole position to remain the best-in-class LCoE player for the next mid 2020’sgeneration of giant turbines

DX MW

79.8 meter

A380

2020 Mid 2020’s2014

6 MW 7 MW 8 MW2018

167 meter

154 meter154 meter

installation


Agenda


234






Siemens Gamesa Renewable Energy contributes throughout the entire Value Chain

15Contributions throughout the entire Value Chain

Version 04/2011_dVersion 04/2011_d

Finance Turbine/BOP Grid Service• Help finance certain stages of the

project to improve IRR or reducefunding costs for customers

• Strong focus on reducing LCoE• Extending scope to BOP

elements where requested

• Standardization initiative• Working with OFTOs and wind

developers on grid connections

• Customized O&M strategiesto optimize service at all levels


SGRE is delivering on LCoE in all established offshore European markets reaching lowestlevel ever below 50€/MWh

(LCoE)Levelized Cost

of Energy Lifecycle Energy Output

CAPEXWind turbine

OPEXCAPEXBalance of plant

Historic LCOE

0

50

100

150

200

250

2012 2014 2016 2026 2028 20302018 2020 2022 2024

Strike price, €/MWh

5%10%

20%

Industry 2020 target €100/MWh set in 2012

XROCs

X X XEarly CfDs


SGRE is delivering on LCoE in all established offshore European markets reaching lowestlevel ever below 50€/MWh

(LCoE)Levelized Cost

of Energy Lifecycle Energy Output

CAPEXWind turbine

OPEXCAPEXBalance of plant

Historic LCOE

Borssele I & IIX

XDanish ‘near-shore’X

XKriegers Flak

0

50

100

150

200

250

2012 2014 2016 2026 2028 20302018 2020 2022 2024

Strike price, €/MWh

Borssele III & IVX Gode Wind 3XX

German “0-bid” (three projects)X

5%10%

20%

Industry 2020 target €100/MWh set in 2012Triton KnollX

XROCs

East Anglia 1 X X Neart na Gaoithe

X X XEarly CfDs

Hornsea 2 & Moray

X HKZ1&2

Horns Rev IIIX


Recent auctions indicate an LCOE reduction of 72% over the past 8 yearsAuctioned / awarded subsidy (in EUR/MWh) Lifecycle cost in real 2014 EUR/MWh (LCOE)

137144

168162

118Grid

NnGEastAngliaone

Hornseaone

LondonArray

Borssele3+4

69

KrigersFlak

60

DanishNearshore

68

Borssele1+2

87

Hornsrev III

| GBP/EUR exchange rate is constant at 1.2

| UK projects reflect real 2012 price in GBP

| Subsidy for transmission asset added to non-UK projects

103

7363

| UK ROC with 20 years of subsidy support, UK CfD, NL with 15 years of subsidy support, DK with 12years of subsidy support

| Subsidy payments for UK are inflated with 2% p.a. from 2012 onwards

| Subsidy payments for DK and NL projects are not inflated over the lifetime

| Post-subsidy power prices are forecasted (IHS Energy 2015)

484145

6067

106111125

145

Borssele3+4

-72%

KrigersFlak

DanishNearshore

Borssele1+2

Hornsrev IIINnGEastAngliaone

Hornseaone

LondonArray

2009 FID 2017 FID

50 55


Hywind: the world’s first floating wind turbine (2009)

Hywind Norway, 2009• Cooperation on technology with Statoil Hydro ASA to

develop the world's first floating offshore installation• In 2009, Siemens Gamesa installed the first wind

turbine in Norway at a water depth of about 220 meters• Floating offshore wind turbines could be installed at

sites with greater water depths• Reduced visual impact and increased power

production due to strong and stable wind conditions

Hywind Scotland, 2017In 2017, Siemens Gamesa installed 5 floating turbines incooperation with Statoil.


Frédéric PetitBusiness Development France Director

Mobile +33 6 60 37 51 [email protected]

Thank you!

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