Introduction to Veja Mate Offshore Project NER 300 Information Event 15 December 2017, Brussels Stefan Klett 1
Agenda Project Introduction Challenges 2
Key Facts - Overview 402 MW capacity 67 x Siemens 6.0-154 ~94 Km from shore DENMARK Water depth between 39 40 m Average wind speed ~9.9 m/s VMOP site 8 year FiT @194 EUR/MWh 4.7 year add. FiT @154 EUR/MWh WTG commissioning Jan 17-May 17 NETHERLANDS GERMANY 15 year service agreement BELGIUM 3
Key Facts Power Export Veja Mate feeds in power through its own OSS to the BorWin Beta offshore AC/DC converter station, and then to Diele onshore converter station in Germany 4
Key Facts Packages EU footprint WTG Supply Siemens (Key contractor) Installation Fred Olsen, Seajacks Foundations Supply EEW, Bladt Installation Boskalis (Key contractor), Volker Stevin In Cables Supply JDR Installation SIEM (Key contractor) OSS Supply FICG (Key contractor) Installation FICG Long Term Service Siemens BELGIUM VMOP site NETHERLANDS DENMARK GERMANY 5
Shareholders Highland Group Holdings Limited Siemens Financial Services 6
Project Timeline Life-Cycle Federal Maritime & Hydrographic Agency (BSH) Offshore Wind Farm Life-Cycle Decommissioning Phase 5 Decommissiong Release Operations Phase 4 Operational Release 4 5 1 BSH Standard 7005 3 2 Development Phases 1 & 2 Implementation Phase 3 1 st Release 2 nd Release 3 rd Release 7
Project Timeline September 2014 Highland Group acquires the Veja Mate Project November 2014 CIP (Copenhagen Infrastructure II) enters negotiation with Highland Group June 2015 Financial Close, CIP and SFS become equity investors in Veja Mate June 2015 1 st release BSH October 2016 Inter-array cable installation start September 2016 Offshore substation jacket and topside manufactured, and installed on schedule August 2016 All monopiles installed ahead of schedule April 2016 Construction starts with FOU monopile installation on schedule October 2016 All transition pieces installed January 2017 Wind turbine installation start May 2017 All wind turbines installed and commissioned June 2016 FOU transition piece installation starts on schedule November 2029 FiT period ends November 2016 Veja Mate OSS energized February 2017 Cable laying and trenching completed ahead of schedule January 2018 Conversion date December 2017 Req.4th release BSH 2H 2042 Decommissioning 8 * Timeline not to scale
Project Organization CEO Environmental PM Finance Manager Deputy QA/QC Manager RECQ CFO Financial Controller Project Assistant Reg. & HR Manager Project Assistance HSE PM Contract Manager Assist. Contract Manager Office Manager Project Assistance Commercial Ops. Mgr. Electrical Inst. Manager O&M PM COO Information Manager Electrical Engineer Operations Engineer Planning/ Interface Mgt. EPC Deputy Director Tech. Project Manager O&M Site Manager Student Worker Offshore Site Manager O&M HSE Manager WTG PM FOU PM OSS PM IAC PM Electrical PM Installation PM WTG Deputy PM Electrical Engineer Electrical Deputy PM Installation Manager WTG Assistant OSS Assistant Electrical Engineer Student Worker 9
Agenda Project Introduction Challenges 10
Challenge Project Timeline September 2014 Highland Group acquires the Veja Mate Project November 2014 CIP (Copenhagen Infrastructure II) enters negotiation with Highland Group June 2015 Financial Close, CIP and SFS become equity investors in Veja Mate June 2015 1 st release BSH October 2016 Inter-array cable installation start September 2016 Offshore substation jacket and topside manufactured, and installed on schedule August 2016 All monopiles installed ahead of schedule April 2016 Construction starts with FOU monopile installation on schedule October 2016 All transition pieces installed January 2017 Wind turbine installation start May 2017 All wind turbines installed and commissioned June 2016 FOU transition piece installation starts on schedule November 2029 FiT period ends November 2016 Veja Mate OSS energized February 2017 Cable laying and trenching completed ahead of schedule January 2018 Conversion date December 2017 Req.4th release BSH 2H 2042 Decommissioning 11 * Timeline not to scale
Obstacles Overcome UXO clearing campaign UXO clearing provider changed midcampaign due to underperformance 12
Obstacles Overcome Noise mitigation system performance issues Switched NMS providers mid-project due to an inability to meet legal noise limits 13
Thank You! 14