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Gaelectric Developments Limited Invest NI Presentation Opportunities in Onshore & Offshore O&M supply chain

Wednesday, November 27, 2013

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Nick Cullen Technical Manager

Gaelectric History

• Established in 2004 - privately owned, 60% by senior management, 40% by high net worth individuals.

• Engaged in the development of renewable energy & energy storage projects in Irish/UK, EU and US markets.

• 50 employees across offices in Ireland, Chicago and Montana.

• Developing onshore wind projects across the island of Ireland.

• Leading independent developer of onshore wind.

• Applying proven technologies to develop energy storage projects which assist system operators regulate the grid and limit curtailment of wind generation

• Multidisciplinary teams across, corporate finance, technology, geology, planning, energy markets and power systems.

• Strong relationships with relevant stakeholders, governments and technology providers

Gaelectric – The Wider Group

Gaelectric Holdings plc is a renewable energy company with four separately managed business units, each at a different stage in their development lifecycle

Gaelectric Holdings PLC Group Holding Company

Development of wind projects in the United

States

Onshore USA

Largest owner of wind resource in Montana

Pipeline of 2600MW + 510 MW transmission

capacity

Wind speeds 8m/s+

Energy Storage

Development of energy storage solutions

Compressed Air Energy Storage

Flywheel

Offshore Ireland

Development of offshore wind in Irish

coastal waters

License application made for

750 – 1000 MW project off Irish

coast

Onshore Ireland

Development of wind projects in Northern

Ireland and the Republic of Ireland

200 MW in NI

140 MW in RoI

Gaelectric – The Wider Group

Gaelectric Holdings plc is a renewable energy company with four separately managed business units, each at a different stage in their development lifecycle

Gaelectric Holdings PLC Group Holding Company

Development of wind projects in the United

States

Onshore USA

Largest owner of wind resource in Montana

Pipeline of 2600MW + 510 MW transmission

capacity

Wind speeds 8m/s+

Energy Storage

Development of energy storage solutions

Compressed Air Energy Storage

Flywheel

Offshore Ireland

Development of offshore wind in Irish

coastal waters

License application made for

750 – 1000 MW project off Irish

coast

Onshore Ireland

Development of wind projects in Northern

Ireland and the Republic of Ireland

• 200 MW in NI

• 123.3MW planning permission received

• 13.8MW in planning

• 63MW pre-planning

• 140 MW in RoI

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Gaelectric Business Model

Gaelectric’s business model is to create shareholder value through early stage ownership of onshore wind and energy storage projects, bringing each development through planning, grid connection, financing and construction through to commissioning and beyond, while adding value at each stage. O&M will become a significant part of Gaelectric’s business in the forthcoming years.

Proj

ect

Valu

e

Time

Own & Operate

Construct & Commission

Financial Close

Grid

Planning / Permitting

Resource Assessment

Project Acquisition

Section I Gaelectric’s Northern Ireland Wind Farm Portfolio Overview

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Northern Ireland Portfolio

Projects in Planning

Projects Under Construction/Consented

Dunbeg 42.0 MW

Monnaboy 9.2 MW Smulgedon

16.1 MW

Corby Knowe 5.4 MW Carn Hill

13.8 MW

Tullyneil 13.8 MW

Inishative 13.8 MW

Cregganconroe 13.8 MW

Cloonty 9.2 MW

Gaelectric’s NI assets include a development portfolio of 137.1MW

Gaelectric's NI Developments Portfolio

Project Name Planning Status Commissioning

Date Potential Construction

jobs (9-12 months) Nameplate

capacity (MW)

Carn Hill Received May-13 13.8

Dunbeg Received Jun-14 40 42.0

Cregganconroe Received Mar-15 30 13.8

Inishative Received Sep-15 30 13.8

Corby Knowe Received Jul-15 20 5.4

Monnaboy Received Mar-15 20 9.2

Smulgedon Received Mar-15 30 16.1

Cloonty Received Jun-15 20 9.2

Tullyneil Submitted Jun-17 30 13.8

Total 137.1

This excludes expansion of existing sites and acquisition of projects in pre-planning, planning or in operation.

Northern Ireland Portfolio – Expansion into O&M

• We need to grow out O&M capabilities significantly in the next 2-3 years. The following areas have been identified as those with supply chain opportunities:

• Civils contractor – Both during construction phases and ongoing during operational phase of the projects

• Health & Safety consultants to advise on best practice

• IT/Software – to assist in developing a suite of programs to analyse real-time turbine performance data

• Remote sensoring technologies (LiDAR) to allow for performance measurement of spinning assets

• Technical consultancy services to assist in assessing site validation/performance verification

• Communications providers to ensure robust communications with the wind farms.

Gaelectric – The Wider Group

Gaelectric Holdings plc is a renewable energy company with four separately managed business units, each at a different stage in their development lifecycle

Gaelectric Holdings PLC Group Holding Company

Development of wind projects in the United

States

Onshore USA

Largest owner of wind resource in Montana

Pipeline of 2600MW + 510 MW transmission

capacity

Wind speeds 8m/s+

Energy Storage

Development of energy storage solutions

Compressed Air Energy Storage

Flywheel

Offshore Ireland

Development of offshore wind in Irish

coastal waters

License application made for

750 – 1000 MW project off Irish

coast

Onshore Ireland

Development of wind projects in Northern

Ireland and the Republic of Ireland

200 MW in NI

140 MW in RoI

Gaelectric – The Wider Group

Gaelectric Holdings plc is a renewable energy company with four separately managed business units, each at a different stage in their development lifecycle

Gaelectric Holdings PLC Group Holding Company

Development of wind projects in the United

States

Onshore USA

Largest owner of wind resource in Montana

Pipeline of 2600MW + 510 MW transmission

capacity

Wind speeds 8m/s+

Energy Storage

Development of energy storage solutions

• Compressed Air Energy Storage

Offshore Ireland

Development of offshore wind in Irish

coastal waters

License application made for

750 – 1000 MW project off Irish

coast

Onshore Ireland

Development of wind projects in Northern

Ireland and the Republic of Ireland

• 200 MW in NI

• 123.3MW planning permission received

• 13.8MW in planning

• 63MW pre-planning

• 140 MW in RoI

Section II Gaelectric Energy Storage

Gaelectric Energy Storage – CAES Larne Project

• Energy storage concept using compressed air as the storage medium, safely stored circ. 600m below ground in excavated salt caverns (formed by solution mining), project is located 2.5km south of Larne, co. Antrim

• 200MW Compression/268MW generation. Designed to allow a greater penetration of renewable energy technologies onto the all-Ireland electricity grid.

• Planning to be submitted in Q2 2014

• Construction commence in Q4 2015

• Commissioning in 2017

• Total investment of £300m over 5 years

• 300 full and part time jobs during construction, 30-50 permanent jobs in the operational phase.

• Infrastructure will include:

• 110kV substation

• CAES plant main building (plant equipment supplier identified)

• Balance of plant including cooling/noise abatement, fuel delivery & storage

• Routing and burying of 2 x 500mm diameter pipes from the plant site to the sea. These pipes will remain a permanent fixture and will be in periodic use throughout the project lifetime.

Gaelectric Energy Storage – CAES Larne Solution Mining Schematic

Gaelectric Energy Storage – CAES Larne Conceptual Drawings

Gaelectric Energy Storage – CAES Larne Project

• Supply chain opportunities exist in the in the following fields:

• General engineering advisory services both through the construction phase and into operations

• General construction • Solution mining & disposal of saturated brine • Directional drilling/trench excavation for the 2 x 500mm brine

pipes • Supply and maintenance of pipework through construction and

throughout the life of the project, including: • Pipework • Pumping station

• Noise abatement technologies • HV infrastructure

Gaelectric Developments Limited – Contact Details

• If you require further information on any of the points raised in this presentation, please contact me using the following details:

Nick Cullen Technical Manager

12B Clarendon Quay, Clarendon Dock, Belfast BT1 3BG Tel: +44 (0)2890240099 Email: ncullen@gaelectric.ie Mob: +44 (0)7780 110679 Web: www.gaelectric.ie Skype: ncullen74

Thank you for your time.