Seawind Systems AS To develop the Norwegian supply chain for - - PowerPoint PPT Presentation

Seawind Systems AS

To develop the Norwegian supply chain for offshore wind

Become the Global Offshore Wind Energy Supplier to generate sustainable, abundant and low cost energy

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Technology for all seabed conditions and water depths

Seawind Systems – Vision

Hurricane withstanding

Up to winds of 90 m/s

Floating

Beyond 90 m

Bottom fixed

From 30 – 90 m

NOW 2022

Seawind 6.2

Bloomberg Benchmark*

Seawind 10.4

Industry Target**

CAPEX

(€ million/MW)

2.4 4.0 1.85 2.5-2.8

LCOE

(€ /MWh)

< 70 126 < 35 < 80

* Bloomberg New Energy Finance: https://about.bnef.com/blog/h2-2016-lcoe-giant-fall-generating-costs-offshore-wind/ ** www.gwec.net/wp-content/uploads/2016/06/160603-FINAL-Offshore-wind-cost-reduction-statement-with-annex.pdf

Seawind Economics – Superior and Robust

(Based on North Sea installation and economics; including grid connection)

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> 40% more economical > 50% more economical

Seawind - Turbine Portfolio Yields

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Seawind 6.2 MW

Rotor size Cost/MW

126 m €2.5 million

Seawind 10.4 MW

Rotor size Cost/MW

210 m €1.875 million

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2-bladed 4 MW turbine installed in USA, operating for 20 years 1982 $ 330 mln funding from USA Government to NASA triggered by oil shock led by Glidden Doman 1975 2-bladed 1,5 MW teetering hinge turbine installed in Italy by Glidden Doman/Finmeccanica 1991 First floating wind turbine installed in Adriatic sea 2008 Glidden Doman, Silvestro Caruso and Martin Jakubowski take over all patents and join forces to scale up the proven 2-bladed technology 2003 -2006

First non-subsidised

• ffshore wind farm as

claimed by German EnBW in 2025

Seawind Systems – From subsidized to fully commercial

Seawind Systems first non-subsidised

• ffshore wind farms to be

commissioned in 2020 & 2021

First oil shock 1973 Seawind 6.2 MW Demonstrator to be installed in Karmøy, Norway 2018 Seawind 6.2 MW Demonstrator to be certified by DNV-GL 2020 First offshore wind farm installed by in Bockstigen, Sweden 1996

Based on heavy subsidies to off-shore wind in North Sea market, Europe has installed 90% of global capacity ( ̴14000 MW) built from 1996-2016

The EU Commission awards Seawind with the Seal of Excellence 2016

70 35 126 80

20 40 60 80 100 120 140 2017 2022

North Sea LCOE

including grid connection

Seawind Industry

LCOE (€ / MWh)

Seawind Systems – Key benefits

Key benefits:

• Offshore Wind Energy System approach based on innovative wind

turbine, support structure and installation method

• Lower Capex and Opex than any other offshore wind energy solution
• Lowest life cycle cost for offshore wind farm systems, far below

current tariffs offered today by 3-bladed competitors in the North Sea

• Strong competitive position also for smaller windfarms outside the

North Sea area due to easy and low cost installation procedure

• Wind Turbine Lifetime of 30+ years compared to 20 years for

traditional three-bladed offshore wind turbines

• Seawind can withstand Category 5 hurricanes up to 90 m/s without
• damage. 3-bladed turbines are far more sensitive to extreme winds

The company has been reviewed by peers.

• The European Commission awarded the technology a Seal of Excellence
• Certification of the technology through DNV-GL

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Seawind Systems aims for a leadership position as Turnkey Offshore Wind Farm Supplier and Operator. The game-changing 2-bladed Seawind turbine technology originates from NASA, USA research on wind turbines.

Robust design with reduced fatigue values and low-cost onboard maintenance and repair. Dual access by ship and helicopter.

Concrete Gravity Foundation – Installed by Sinking

• Seawind uses floating concrete foundations, designed by
• Dr. Techn. Olav Olsen AS: cheaper, when industrialized

(serial industrial production), longer life time (above 70 years, two turbine generations per concrete structure), no corrosion protection devices; less CO2 emission for concrete compared to steel

• Almost no sound propagation at sea due to huge concrete

mass

• Concrete support structure made on pier, completed with

nacelle and rotor on pier and launched as complete unit by sinking, no lifting offshore!

• The complete system is installed in a rapid one-shot
• peration
• Weight of concrete support structure:

~7000 t for 30- 40 m water depth ballasted at the site with sand and water

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Unique concept – Low cost production and installation

Competitive edge inwaters where North Sea - type of infrastructure is not available

The complete system is assembled

• nshore with land based cranes not
• ffshore with expensive vessels

……. and transported, 4 or 6 at a time, to the wind farm location by semi-submersible vessels The semi-submersible ship unloads the units, which are towed by tug boats for final positioning

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For full video see: www.seawindtechnology.com

Strong Commercial Pipeline – No competition from existing players

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Yearly Energy Generation 100.000 MWh p.a. Capacity Utilization Factor 46% Losses in Cable & Inverter 8% Net energy generation 92.000 MWh p.a. Life of the Plant 35 Years

Several projects off the African coast

• LOI’s signed
• Project development in close cooperation with leading local construction company (2017-2018)
• EPCM through Seawind Systems AS: responsible for construction and installation of the Seawind

Offshore Wind Energy System

• Contracts for financial closing of phase 1 Q4 2019, operational Q4 2020
• Project Revenues > 1 billion euro

Two+ projects in Europe

• LOI first project signed
• Project development 2018-2019
• EPCM through Seawind Systems AS, Norwegian Hub (slide 11)
• Contracts for financial closing Q4 2019
• Project Revenues > 1 billion euro

Two+ projects in Asia

• LOI currently under negotiation
• Project development 2018-2019
• EPCM through Asian Hub (slide 11)
• Contracts for financial closing Q4 2019
• Project Revenues > 1 billion euro

Further pipeline projects identified in US, Canada and South America

Typical Operating Parameters for a plant of four Seawind 6.2 MW units as first phase of larger project

Seawind Systems commercial projects for windfarms 2020-2021

Representing a Truly Global Opportunity

Ability to withstand - Hurricanes (Typhoons)

• In hurricanes Seawind points blade tips into

the wind in a “flexible configuration”

• Seawind’s LIDAR (laser detector) detects

hurricane or strong gusts well ahead

• In Seawind 6.2 MW, during hurricanes, the

loads on blades and drivetrain are similar to normal operations

• Seawind’s “flexible rotor” is compliant with

the forces of nature and not facing them

• Results of simulation: Seawind can

withstand Category 5 hurricanes up to 90 m/s without damage

• Three-bladers are parked with blades

pitched at 90°, the tip chord parallel to rotor shaft, and its leading edge into wind

• Three-blader’s configuration cannot

eliminate risk of major damage or total loss

• Photo: 3-bladers at Ardrossan

wind farm after major storm

• Typhoon Usagi (Hong Kong, in

2013): 70% of 24 Vestas turbines damaged, 8 turbines blown off: http://goo.gl/X1jSF6

• Study: up to 50% of US offshore

wind turbines would be destroyed over a 20 year period by hurricanes: http://goo.gl/gcEgDA

Wind

SEAWIND TURBINE turns tip into the wind with extreme winds 3-BLADED TURBINES more sensitive to extreme winds DIFFERENCES

Laser (LIDAR) detects windspeed and direction up to 2 km ahead. Seawind is yawed based

• n LIDAR

information Blade tip always kept into wind; “Flexible” rotor behaves like palm tree in storm

Wind

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Global markets for wind energy - Blue Ocean [B] and Red Ocean [R]

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Out of the 9000 MW to be built by 2025 by Seawind 50% capacity in hurricane/typhoon areas

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• Seawind has 10% to 15% market share of the global

Offshore capacity added in the period 2019-2025

• 60 Seawind Offshore Wind Farms are built of which many

in hurricane/typhoon prone areas

• 9 million households in Europe or over twice that number

in developing countries have sustainable power

• CO2 emissions are reduced by more than 9 Million t/year

Red Ocean market:

• contested market space, covers 11% of global market

potential

• major offshore wind companies are expanding their EU

presence in offshore sites with favourable attributes

Blue Ocean market:

• uncontested market space. Competition has not

developed the required technology nor the supply chain to start operations in the near future for these markets

*) Report Gerard Hassan: 2008

R B

Extreme wind areas in red Extreme wind areas in red

Seawind – Global Roll-out ambition

Seawind Systems AS – Company Structure Overview

Existing entities Future entities 12

50/50 Joint Venture

Hong Kong

Norwegian Hub

(Demonstrator and Build-Out: construction & assembly)

Seawind Systems AS

(Turn-Key Wind Farm Supply)

STRATEGIC

(Industrial Group)*

STRATEGIC INVESTOR

(Industrial Group)*

Asian Hub

(Build-Out: construction & assembly)

Greece East Africa 1 Germany East Africa 2

Projects

(Initiate and minor interests in commercial projects)

India 1 Other

Parent Co Parent Co

* LOI signed

Blue Alliance - Eco system of Seawind Partners

Strategic Partners Global partners with clear motivation to enable Seawind’s technology contributing with financial and other resources to gain certain upfront rights. Blue Alliance will provide the guarantee to customers Affiliate Partners Industrialization partners with distinct resources &/or relevant supply chain capabilities for Seawind’s development Public Enablers Prepared to take a certain risk to bring innovation to the market to meet society’s needs Regional Partners (project specific, not shown in graph) Local or regional stakeholders with strong connections and local know-how including relevant access to potential off- shore sites, local grid, etc. high local content

Click on logo to get to partner web-site (in Slide Show mode)

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Affiliate Partners

Regional Partners

Enova TUM München Metcentre EIB UNI TNO

Blue Alliance Strategic Partners

Seawind – Bringing offshore wind technology forward

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A COSCO semi-submersible heavy transport vessel delivering four complete Seawind 6.2 MW units to the offshore wind farm site

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