1 siemens gamesa renewable energy - swiss re3a397e12-4ade-459a-85f7...hywind: the world’s first...
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© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Conférence
L'éolien offshore: caractéristiques et mode de constructionParis, 5th June 2018
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Agenda
Offshore Business Unit 2
234
1Our Offshore business
Offshore product portfolio
Contributions throughout the entire Value Chain
Siemens Gamesa Renewable Energy
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Agenda
Offshore Business Unit 4
234
1Our Offshore business
Offshore product portfolio
Contributions throughout the entire Value Chain
Siemens Gamesa Renewable Energy
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Future contributors to cost out –Cost reduction through wind turbine upgrades
7Our offshore business
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Further cost out through industrialization –The new plants in Germany and the UK
8Our offshore business
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Agenda
Offshore Business Unit 9
234
1Our Offshore business
Offshore product portfolio
Contributions throughout the entire Value Chain
Siemens Gamesa Renewable Energy
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Agenda
Offshore Business Unit 14
234
1Our Offshore business
Offshore product portfolio
Contributions throughout the entire Value Chain
Siemens Gamesa Renewable Energy
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
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.
© Siemens Gamesa Renewable Energy SAS Offshore | Sales
Frédéric PetitBusiness Development France Director
Mobile +33 6 60 37 51 [email protected]
Thank you!
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