1. No category

Windpower
Paving way for an industry adventure
in the heart of Norway
Anne Strømmen Lycke
Nordic Energy Summit 2015
Oslo, March 19th 2015
Agenda
• Why wind?
• Why is it taking so long?
• Sarepta Energi
• The Ytre Vikna II Project
2
Why
Wind?
3
Energy is a neccessity for our modern society
4
But our energy system faces major challenges
Climate Change
Resource Scarcity
Pollution
Geopolitical
Instability
5
Falling costs and great resource base
Costs keep falling
Strong onshore resource base
Megajoule Wind Resource Assessments
6
Europe and Norway are taking charge
"
In the nine years, 2012-2020, increased
production capacity will give an additional 26,4
TWh in 2020 [..] based on renewable energy
sources in Norway and Sweden. Wind, hydro
and bio energy will be the most important new
sources in this market
OED, Prop. 1 S (2011–2012)
7
Europe and Norway are taking charge
26,4
8
Why is it taking
so long?
9
Concession and
frame conditions
10
Changing policies affect the investment decisions
• Joint market for green certificats
with Sweden
• Terms for equal competition
is essential
• Depreciation rules firm promised
• 2015 check-point must be used
to adjust certificat market
11
The Grid – A Catch 22
12
Wind power check list
Consessions
Green sertificates
Green depreciations
Grid
13
Sarepta Energi
14
Energy pioneers for almost 100 years
History
1919
 NTE is founded
1950
 TrønderEnergi is founded
1991
 NTE develops Norway’s first wind turbine at Husfjellet
2005
 Sarepta Energi is founded
 Awarded license for Harbaksfjellet
2012
 Ytre Vikna opens in October – Sarepta’s first wind park
2013
 Awarded three more licenses: Roan, Sørmarkfjellet and
Frøya
2014
 Signs billion dollar agreement for turbine purchases from
Siemens – Largest inland renewable energy contract at the
time
15
A strong team
Management
Board
Alexandra Bech Gjørv– Chief Executive Officer
 Former director of the New Energy division in Hydro and Statoil.
 Partner in Hjort Law Firm
 Bech Gjørv holds a Cand.jur from the University of Oslo
John E. Larsen– Chief Financial Officer
 CFO in Sarepta since 2013
 Previously worked in Technology Group as CFO. John has also worked in Norsk Solkraft, Renewable Energy Corporation,
Renewable Energy Corporation, Telenor and Norsk Hydro
 Larsen Master of International Business og siviløkonom from the Norwegian School of Economics (NHH)
Knut Ivar Nyhaug – Chief Operations Officer
 COO in Sarepta since 2014
 Previously VP Grid in TrønderEnergi, and COO for Energy.
 Nyhaug holds a Master of Technology Management from MIT, and is also educated from NTNU and NHH
Magnus Axelsson – Project Director
 Prosjektdirektør i Sarepta siden 2014
 Comes from E.ON., where he worked for 13 years. The last five years Axelsson was in the management team for wind power in
management team for wind power in Northern Europe
 Axelsson holds a engineering degree, specializing in power engineering and energy systems
Anne Strømmen Lycke– Chairwoman
 CEO for the NORSAR Foundation
 Holds degrees from NTH and BI
 Extensive leadership experience from the oil and gas industry
 Central in Statoils wind power initiatives
Christian Stav– Board member
 CEO in NTE
Kennet Brandsås – Board member
 VP Energy in NTE
Tormod Eggan – Board member
 VP Energy in TrønderEnergi
Olav Sem Austmo – Board member
 CFO in TrønderEnergi
16
Wind - a possible new energy adventure in the heart of Norway
Wind parks
Ytre Vikna
License: 2009
Operational: 2012 (Extended 2016)
MW: 39 (Planned 175)
Production (GWh): 120 (Will be 580)
Sørmarkfjellet
License: 2013
Operational: 2017
MW: 150
Production (GWh): 465
Ytre Vikna 1+2 170 MW
Harbarksfjellet
License: 2005
Planned operational: 2018
MW: 90
Production (GWh): 313
Frøya
License: 2013
Operational: 2019
MW: 60
Production (GWh): 203
Roan - Sold
Wind resource estimates for Europe
17
Ytre Vikna II
18
Norway’s largest windpark when extended
Ytre Vikna (175 MW)
• Construction start: 2016
• Total cost: 1500 MNOK
• Turbines: 40 Siemens D3
• Installed capacity: ~128 MW
• Annual production: ~464 GWh
• Renewable power to 25 000 households
• Average windspeed: 9,2 m/s
FOSEN
• Load Factor: 41,4 %*
*European average: 24 %
Kilde: European Wind Energy Association
19
D3
1
Best wind-for-money
2
Largest upside potential
3
Professional in every aspect
20
Norwegian wind industry prepared
Exceptional resources
State-of-the-art
technology
Strong capital base
Long-term owners
A future in wind
21
Appendix