SUSI Partners AG

Transcription

SUSI Partners AG

4th National Conference on Chemistry & Energy
SUSI Partners AG
Sustainable Infrastructure Investments
Focusing on Energy Efficiency
Milan, 23rd of October 2013
2nd Workshop: «How Financial Resources Could Make Energy Available and Competitive»
Agenda
1)
SUSI Partners AG: Strategy and Mission
•
•
•
Renewable Energy Generation
Energy Efficiency
Energy Storage and Distribution
2)
Energy Efficiency: Market Potential and Possible Applications
3)
The SUSI Energy Efficiency Fund
01 SUSI Partners AG >> 02 Energy Efficiency >> 03 SUSI Energy Efficiency Fund
SUSI Partners AG Addresses the Main Pillars of Energy Infrastructure
Partners
SUSISUSI
Partners
AG AG
 Founded in 2009, based
in Zurich
Founders:
Board of Directors:
Founders:
of Directors:
Tobias
Reichmuth,
JürgBoard
Bucher
(Chairman), Kai-Uwe Ricke, Moritz Leuenberger (former Minister of Energy and
Tobias Reichmuth, Otto von Troschke
Jürg Bucher (President), Kai-Uwe Ricke, Prof. Dr. Uwe Krüger, Stephanie Schoss, RA Björn Bajan, LLM
Otto von Troschke
Federal President of Switzerland), Prof. Dr. Uwe Krüger, Stephanie Schoss, RA Björn Bajan
Renewable Energy
Energy Efficiency
SUSI Sustainable Euro Fund I
(solar and wind projects in
Western Europe; closed)
SUSI Energy Efficiency Fund
(financing energy efficiency
measures through a
contracting model;
currently fundraising)
SUSI Sustainable Euro Fund II
Western Europe; in preparation)

Energy Distribution
and Storage
SUSI Energy Storage Fund
(storage capacity for utilities;
planned)
 Swiss Fund Advisor with
own Luxembourg fund
structure
 Direct investments in
sustainable
infrastructure projects
 Focus on institutional
investors and family
offices
Minimal correlation to traditional asset classes and stable returns for institutional investors
 Measurable impact in tons of CO2 reduced for every investment
Slide 2
Our Mission: Structuring Investments to Fight Climate Change and to
Provide Fixed Income Returns to Institutional Investors
?
•
•
•
Decrease global warming
Fill the gap of decreasing bank loans for long-term infrastructure projects
Meet need of institutional investors looking for alternative investments with higher returns than government bonds
Slide 3
SUSI Partners AG Addresses the Main Pillars of Energy Infrastructure
Partners
SUSISUSI
Partners
AG AG
 Founded in 2009, based
in Zurich
Founders:
Board of Directors:
Founders:
of Directors:
Tobias
Reichmuth,
JürgBoard
Bucher
(Chairman), Kai-Uwe Ricke, Moritz Leuenberger (former Minister of Energy and
Tobias Reichmuth, Otto von Troschke
Jürg Bucher (President), Kai-Uwe Ricke, Prof. Dr. Uwe Krüger, Stephanie Schoss, RA Björn Bajan, LLM
Otto von Troschke
Federal President of Switzerland), Prof. Dr. Uwe Krüger, Stephanie Schoss, RA Björn Bajan
Renewable Energy
SUSI Sustainable Euro Fund I
Western Europe; closed)
SUSI Sustainable Euro Fund II
Western Europe; in preparation)

Energy Efficiency
(financing energy efficiency
measures through a
contracting model;
currently fundraising)
Energy Distribution
and Storage
SUSI Energy Storage Fund
(storage capacity for utilities;
planned)
 Swiss Fund Advisor with
own Luxembourg fund
structure
 Direct investments in
sustainable
infrastructure projects
 Focus on institutional
investors and family
offices
Minimal correlation to traditional asset classes and stable returns for institutional investors
 Measurable impact in tons of CO2 reduced for every investment
Slide 4
Energy Efficiency With the Biggest Lever to Address Climate Change
Gt CO2
38
36
34
32
30
28
26
24
22
2005
2010
2015
2020
2025
2030
Energy Efficiency
Fossil fuel switch
Renewable energies
Nuclear energy
Carbon capture and storage
Remaining CO2 emissions
By investing in energy efficiency measures, more CO2 emissions can be reduced per million invested than with any
other measure.
Source::
Eco-efficiency. Chapter 6 – Environmental performance of constructions / McKinsey Abatement Curve; Communication from the European Commission: Action Plan for Energy Efficiency: Realising the Potential
2006
Slide 5
The Market for Energy Efficiency Measures in the European Union Represents
More Than 2’000 bn Until 2020
(in TWh)
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0
2008
2020 forecast
Savings potential
=
Estimated savings
potential of 4’117 TWh
in Europe
=
EUR 2’000 bn of investment
in energy efficiency
measures needed to reach
the 20-20-20 goals of the
European Union
While several billion Euros have been invested in renewable energy projects over the last decade, almost nothing has
been invested in the retrofit of existing infrastructure due to budget constraints.
Source: European Comission (2010) 2020 Vision: Saving our energy, Direcotrate General for Energy and Transport; DENA Deutsche Energie Agentur (2012); SUSI Analytics
Slide 6
Energy Efficient Buildings are key to Europe’s Energy Transformation
Buildings make up for 40% of the energy
utilisation in Western Europe
3%
Lightning
37%
31%
Roomheating
Waterheating
Climatisation
Inform. / Comm. Technology
4%
Other Heatingprocesses
1%
22%
2%
0.3%
Source: Deutsche Energieagentur, 2012
Slide 7
Savings Potential in the Building Sector With Paybacks of Less Than 8 yrs.
Hospital
-26%
Hotel
-41%
Office
-26%
Shopping Mall
-49%
Restaurant
-41%
School
-52%
Source: Siemens Building Technologies
Slide 8
SUSI Energy Efficiency Fund Financing Energy Efficiency Retrofits in
Public Infrastructure, Buildings and Industrial Processes
Existing technologies allow for savings of 20-35% in energy consumption with a pay-back of 4-6 years. Energy savings
are guaranteed by technology partners.
Slide 9
SUSI Energy Efficiency Fund: Business Model
Property Owner
Technology Partner
Retrofit of Building
Yearly Energy Cost :
EUR 20 M
Initial Investment:
Guaranteed
EUR 20 M
Minimum Savings
30% Energy Savings:
EUR 1.5 M
Reduced Energy Costs:
EUR 15 M
Yearly Savings:
EUR 5 M
70%: Savings:
EUR 3.5 M p.a.
over 10 Years
The fund invests
EUR 20 Mio. and receives over
a period of 10 years EUR 35 Mio.
(10 x EUR 3.5 Mio.)
Slide 10
Business Model With Guaranteed Cost Reduction
Energy Costs
Energy costs without
implementation
Reduction in energy
costs for the client
Million
Cash flows for the parties involved (illustration)
Energy Saving Contracting (illustration)
€6
€5
€4
€3
€2
€1
€0
Time
Energy costs after
implementation
-€ 1
-€ 2
Contract duration
Commencement of contract
End of contract
-€ 3
-€-€20
4
1
2
3
4
5
6
7
8
9 10 11 12 13 14
Avoided Energy
Price Increase
Vermiedene
Energiepreissteigerungen
Savings Customer
Einsparungen
Kunde
Investment/Return SUSISUSI
Investitionen/Return
The Property Owner benefits already during the project lifetime from reduced energy costs.
Energy saving contracts provide the SUSI Energy Efficiency Fund with stable cash flows.
Slide 11
SUSI Energy Efficiency Project Focus
Project Selection Criteria
Project Payback: 4 – 6 years
Minimum Investment:
€ 0.5m
Target Facilities
 Schools, museums, sport facilities,
Cultural Buildings
 Retail buildings, shopping centers
 Office buildings
 Hospitals
Proven Technologies
 Hotels
 Public and private infrastructure
Good Customer Credit
Rating
Environmental
Benefit
 Parking lot lighting systems
 Industrial plants and manufacturing
sites
 Industrial buildings and warehouses
Slide 12
Innovative Approach Fostering Energy Efficiency Improvements in
Existing Infrastructure
New Innovative Offerings
 Focus on energy savings as offering and not as equipment
 Integrated offers including flexible financing solutions (off-balance-sheet financing)
 Guaranteed energy savings
Financially Viable and Scalable Projects
 Standardization of project execution to reduce transaction costs
 Focus on larger infrastructure portfolios to reach sufficient scale
 Focus on owners with CAPEX restrictions and good credit ratings
Slide 13
Estella Langheim
SUSI Partners AG
Feldeggstrasse 12
CH-8008 Zürich
Tel: +41 44 386 98 11
Fax: +41 44 386 98 09
[email protected]
SUSI Partners AG / SUSI Energy Efficiency AG
Feldeggstrasse 12
CH - 8008 Zurich
Switzerland
Tel: +41 44 386 98 00
Fax: +41 44 386 98 09
Email: [email protected]

SUSI Partners AG

Transcription

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