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Keeping Chicago a Wind Power Center
Amy France+c, Inven+on Bridge
Andris Cukurs, CEO, Suzlon Wind Energy
Peter Duprey, CEO, Acciona Energy NA
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Overview of Wind Power in US and IL
• Total installed U.S. wind capacity at the end of 2008 was 25,170 MW = 7 million average U.S. households (17 million people)
• Total IL wind capacity in 2009 was 1800 MW = 500,000 homes (7% of total US)
• DOE, NREL and AWEA advocate 20% wind power by 2030:
– Need beZer transmission lines, beZer supply chain, address environmental concerns
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Wind Power in IL and Leading States
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Growth in Wind Power: Midwest
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Environmental Concerns About Wind
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Top IL Wind Project Developers • Invenergy • Midwest Wind Energy • US Mainstream Renewable Power • Acciona Energy • Gamesa Energy • E-‐ON Climate and Renewables • Indeck Energy • Horizon Wind Energy • Wind Capital Group • Fleming Energy • Gaelectric Northwest • PNE Wind • Iberdola US • Notus US
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Top IL Wind Manufacturers
• Acciona Energy • Vestas AG • Suzlon • Nordex • Browadwind • Siemens-‐Winergy
• Trinity
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Andy Cukors CEO Wind Energy
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Keeping Chicago a Wind Power Center
The North American Market
Job Creation
Keeping Chicago a Wind Power Center
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US Market Shares 2009
GE; 40%
Vestas; 15%
Siemens ; 12%
Suzlon (7%) + REpower (3%);
10%
Mitsubishi; 8%
Clipper; 6%
Gamesa; 6%
Acciona; 2% Others 1; 1%
Other; 23%
GE Vestas Siemens Suzlon REpower Mitsubish
i Clipper Gamesa Acciona Nordex DeWind Furlande
r N/A TOTAL
3,995 1,488 1,162 702 330 751 605 600 204 63 4 3 16 9,922
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US Office Locations
= North American HQs (Chicago)
= U.S. Office Locations
= Blade/Hub Manufacturing
25 Offices 600 Employees
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161 S64 WTG’s 813 S88 WTG’s 1900.45 Total MW 15 States 22 OMS sites 58 Projects Does not include projects under construction
Washington: Kittitas Valley 48 S88
Oregon: Hay Canyon 48 S88 Pebble Springs 47 S88 Rattlesnake 49 S88 Wheatfield 46 S88 Star Point 47 S88 Leaning Juniper 43 S88
Arizona: Dry Lake 30 S88 Dry Lake II 31 S88
Idaho: Cassia 14 S88 Mtn Home 20 S88 Tuana Springs 8 S88
Wyoming: Mtn Wind 1 29 S88 Mtn Wind II 38 S88 Happy Jack 14 S88 Silver Sage 20 S88
Texas: JD1, 2, 3, 5 & 6 40 S64 JD4 38 S88 JD7-11 40 S64 Ocotillo 28 S88 High Plains 8 S64
North Dakota: Rugby 71 S88
Iowa: Hardin 7 S88 Crosswinds 10 S88
Oklahoma: Sleeping Bear 45 S88 Buffalo Bear 9 S88
Minnesota: Buffalo Ridge 24 S88 Cisco 4 S88 Corn Plus 2 S88 Ewington 10 S88 Federated/Nobles 2 S88 Marshall 9 S88 Odin 10 S88 Shane Cowell 1 S88 Wind Share 3 S88 Grant County 10 S88 S64 Turbines 58 S64
Illinois: Agriwind 4 S88 Big Sky 114 S88
Indiana: Meadow Lake 47 S88
Pennsylvania: Forward 14 S88 Lookout 18 S88
Missouri: Bluegrass 27 S88 Conception 24 S88 Cow Branch 24 S88 Loess Hills 4 S64
Suzlon US Footprint – 1900 Mw
Kansas: Greensburg 10 S64
Utah: Spanish Fork 9 S88
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Technology and Innovation
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Controls and Remote Monitoring
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Education
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Job Creation – Skill Sets Required
Engineering Operations Management Structured Finance Development Transmission Project Management Construction Management
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Peter Duprey CEO North America
What’s Needed To Keep Chicago A Wind Power Center
Peter C. Duprey
Chief Execu+ve Officer
Acciona Energy North America Corp.
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Renewable energy leader with global presence World leader in desalination technology and complete water
treatment and services provider Global infrastructure developer – transportation, installation,
health, education, culture projects
Three Integrated Core Businesses
Global Presence and Size
Over 40,000 employees in 31 countries in 5 continents 100 year history, headquartered in Madrid, Spain 59% family controlled and 41% publicly traded on the
leading Spanish stock exchange IBEX-35 2009 Revenue €6.5bn, 2009 EBITDA €1.0bn, Market Cap €5.0bn
Strategic Growth Objective
International expansion in 11 priority countries 70% of business outside of Spain within 10 years Priority countries: European Union (Italy, Poland, Portugal),
North America (Canada, Mexico, USA), Latin America (Brazil, Chile), Asia Pacific (Australia, India, Middle East)
Company Overview Acciona At A Glance
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MWs Installed By Year
Source: Emerging Energy Research, BTM Consulting 2006
Unstable Policy
Stable Policy
5 Years of Stable Policy In US Has Created a Robust Industry
Wind Is Now A Major Contributor To Power Generation In The US
Nine New Wind Turbines Manufacturers Have Established Plants in the US since 2003
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Wind Turbine Manufacturers
Acciona
Legend
Clipper Gamesa
Competitors
Vestas
Suzlon
Siemens (Blades)
GE
GE
GE (Blades)
DeWind
Siemens Assembly
Furlander
Nordex
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Factors For Stable Growth Renewable incentives need to be financeable
Predictable Cash flows Standard underwriting and allocation of risk
Incentives need to be long term in nature to attract investment Factories and people are long term investments A typical wind farm costs $220MM … requires stable cash flows
Transmission Investment will facilitate the movement of renewable energy The benefits of a distributed generation source requires
investment
Need more stable energy prices
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Case Study: Spain
188,000 jobs (89,000 direct, 99,000 indirect) 1,300 companies – including 3 of the top 10
wind energy companies in the world Wind industry contribution to GDP: €3.2bn
0.35% of GDP measured by value added Installed capacity: 16GW wind and 3GW solar
at end-2008. Renewables produced 20.5% of electricity
output Wind companies invest 11% of gross value
added in R&D Spanish companies lead European research
efforts in deep off-shore wind power Energy import savings €1bn
RES: Renewable Energy Sources, including hydro
Spain Renewables: 2009 Snapshot
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Case Study: Germany
Renewable Energy industry worth €25bn, measured by turnover
250,000 jobs
Wind industry exports €5.7bn
Renewables supplied 14% electricity: output doubled in five years
34GW installed RES electricity capacity
€4.3bn in energy import savings (electricity/heat/fuel)
RES: Renewable Energy Sources, including hydro
Germany Renewables: 2009 Snapshot
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Ontario – A Well Thought Out Scheme Transmission Investment C$
2.3B Predictable Energy Pricing
Transparency Clear Permitting Requirements Standard noise requirements Standard environmental approach Local content requirements Setback minimums
A Holistic Approach To Renewable Development