1. business and industrial
2. energy
3. renewable energy
4. wind energy

Renewable Energy Systems Group
IWPC 2015, April 2nd
Renewable Energy in MENA & Turkey Region
The RES Group
• One of the world’s leading independent
renewable energy companies
• 1,200 staff in 21 offices and 14 countries across
the world
• Established in 1982, by Sir Robert McAlpine group,
a British family-owned firm with over 140 years of
experience in construction and engineering
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RES Group today
Over 140 renewable projects have been developed and/or built worldwide, including:
– 5 solar parks with 15 consented or in construction
– over 4,800 turbines
Over 8,800 MW installed capacity worldwide, equivalent to:
– powering 5 million homes
– saving over 9 million tonnes of CO2 every year
Projects consented or under construction: >1,000MW
1.3GW of wind and solar projects under management for RES and third parties
Project Life Cycle
Development
project
management
Operation &
Maintenance
Financing and
Ownership
Technical
data
collection
and analysis
Engineering
and
construction
4
Business segments
Wind On & Offshore
Asset
management
Transmission
Solar PV
Storage /DSM
5
Saudi Arabia Wind potential
RES’ high level estimate of wind capacity in Saudi Arabia
RES has performed a high level estimate on the potential for wind
energy:
• Our wind speed forecast uses 3 Tier mesoscale data, but adjusted by
RES using real measurement station data
• We take into account steep slopes & high altitudes, where wind
turbines cannot be installed
• This estimate shows only an order of magnitude of the wind potential
– it does not take into account many constraints, such as
habitation, permitting, bird migration.
-Wind power is now economically viable at much lower wind
speeds – down to 6 m/s
-This opens up huge areas of land which are suitable, not just
well known high wind areas in the north west, near Aqaba
8
MW Gulf of Suez BOO wind tender Gabal el Zeit Wind Farm
Timeline and process
2009
70 companies prequalfied
2010 -13
10 shortlisted bidders - Joint Development
2014
Bidding docs
2015
Bidding
7 bidders remaining: RES, Enel, GdF, Kepco,
ElSewedy/Terna, Powertek/Siemens, Toyota
2015-16
Selection – Financing – Start of construction
Timeline and process
• unusual development process
• 10 bidders shared costs of:
• Wind Measurement
• Wind Evaluation
• Geotechnical Survey
• Topographic Survey
• EIA and ornithological survey
• 1 site
• 1 dataset
• 1 winner
• Competitive hedge on financing engineering and construction
Project features
• Land allocated by NREA
• 280km grid line being built by EETC
• 20-year PPA
• Ministry of Finance Guarantee
• Winner = lowest PPA price & compliance with the detailed RFP
(including EPC TS, PPA and other project documents mark-ups, financial
model output, commitment letters from lenders)
• bid bond of $5 million must be provided, upfront to be replaced by a
$40 million development bond by the winning bidder
Background
Background to the Market
Energy Storage is not about price arbitrage (“buy low, sell high”)
Energy storage is too expensive on a “$€£ per MWh” basis at the moment
Value is in the (approximately) 20 different grid functions that storage
can perform
In RES, Energy Storage is about 5 years old
Analysis on over 100 energy storage companies and technologies to date
RES’ Energy Storage CV
Background to the Market
Location
Function
MW
MWh
Status
Ohio, USA
Frequency Regulation
4.0
2.6
2014 Operational
Ontario, Canada
Frequency Regulation
4.0
2.6
2014 Operational
Washington, USA
Distribution Deferral
2.0
2.2
Under Construction
Illinois, USA
Frequency Regulation
19.8
7.9
Under Construction
Illinois, USA
Frequency Regulation
19.8
7.9
Under Construction
USA
Frequency Regulation
6.0
2.0
Board approved
USA
Frequency Regulation
19.8
7.9
Board approved
Q&A