Presentación de PowerPoint - Bilbao Marine Energy Week
Transcription
Presentación de PowerPoint - Bilbao Marine Energy Week
REPSOL ENERGY VENTURES TOCARDO TIDAL TURBINES The challenges of bridging the gap between technology and commercial development of new technologies © Bilbao Marine Energy Week April 2013 Repsol © REPSOL IN A SNAPSHOT Financial Highlights [FY 2012, M€] Market Cap. 22,156 28,977 EBITDA 6,956 8,440 Net Income 2,193 2,060 Investments 6,255 3,721 Upstream Presence Shareholder’s Structure Treasury Shares 5.0% Sacyr 10.0% Pemex 9.5% Caixabank 12.8% Foreign Institutional 42.0% Retail 10.8% Local Institutional 9.9% Refining – Leaders in Spain. CORUÑA Refineries Repsol Other refineries Oil pipeline Repsol Oil pipelines CLH BILBAO TARRAGONA PUERTOLLANO OPERATOR NON OPERATOR Exploration CASTELLON CARTAGENA HUELVA ALGECIRAS Production © Services contracts In operation of production (*) Additionally, leader Refiner in Peru [“La Pampilla”] 3 REPSOL NUEVAS ENERGÍAS • The New Energy Business Unit reinforces Repsol commitment on the development of sustainable energy solutions. • Created in April 2010 to search new energy solutions which are economically viable, efficient & sustainable. • We identify, promote and develop business initiatives on Bioenergy, Renewable Energy, Sustainable Mobility, Energy Storage and Energy Efficiency. © 4 Repsol Energy Ventures © REPSOL VENTURE PROGRAM WAS LAUNCHED IN SEPTEMBER 2010…… ….Aiming to invest in early-stage, high potential, high risk, growth start-up companies in high technology industries: Bioenergy Elect. Mobil. RREE Energy Storage Development Capital • Strategic investments in New Energy technologies to develop and/or add value to New Energy business lines. • Closely linked to the Technology Roadmaps defined for Repsol New Energy approach. • Controlling stakes to leader the development of the business plan of the investee companies. Venture Capital • Investments in new businesses within the scope of New Energy. • Minority stakes in CleanTech companies that offer a disruptive innovation, or complement NNEE businesses or contribute to a favorable niche market positioning within any New Energy sector. © 6 WHERE ARE WE FOCUSED? Financing Sources depending on company’s lifecycle Stock Exchanges Average volume per deal [Million Eur] Private equity Alternative Markets Repsol Energy Ventures Venture capital Positioning Family offices Business Angels Informal Investors Familiy, friends & fools Business Project © Formal Investors Start up companies Growth and Consolidation Consolidated Companies Company’s lifecycle 7 INVESTMENT TOOLS Repsol Nuevas Energías S.A. MICINN 100% Management Fee REPSOL NEW ENERGY VENTURES S.A. Repsol’s owned investments in earlystage, high potential, high risk, growth start-up companies in high technology industries INVESTMENT 1 © INVESTMENT 2 Government Risk Capital Investment Vehicle “INNVIERTE REPSOL NUEVAS ENERGÍAS” • Co-Investment agreement with the Spanish Ministry of Economy and Innovation • Investment Commitment: 21 M€ • Repsol: 12 M€ / MICINN: 9 M€ INVESTMENT 3 INVESTMENT 4 INVESTMENT 5 INVESTMENT 6 INVESTMENT 7 8 PORTFOLIO COMPANIES @ Mar 2013 REPSOL S.A. 100% REPSOL Nuevas Energías S.A. 100% Repsol New Energy Ventures S.A. 20% ALGA ENERGY Inversión inicial: 3M Eur Participación: 20% Fecha: Agosto 2010 50% 50% IBIL Microalgae E.V. Recharge Stations 100% NEOL Advanced Biofuels PRINCIPLE POWER INC. Floating Wind Offshore TOCARDO Tidal Energy 70,5% IBILEK WINDPLUS e-carsharing Inversión inicial: 6M Eur Participación: 31% Fecha: Junio 2012 © 18% 33,5% SPV Demonstration tech WF 9 PORTFOLIO COMPANIES @ Mar 2013 Biotechnology Inversión inicial: 3M Eur Spanish technology-based company specialized in the field of microalgae Participación: 20% biotechnology. R&D programs. Own patents ofAgosto Photo Bioreactors. Pilot Fecha: 2010 plant in Barajas, Madrid. LIFE+ project for the installation of a demo plant in Arcos de la Frontera (Cádiz, Spain). www.algaenergy.es © Electric Mobility Advanced Biofuels Leading Spanish company in the electric vehicles recharging services. Business model with recurrent revenues. More than 300 recharging points installed. World´s top Control Center. E-carsharing subsidiary IBILEK. www.ibil.es www.ibilek.es Bioindustrial spin-off from Spanish biotech leader NEURON. Proprietary and patented developments to generate biofuels from different feedstock under unconventional fermentation processes with micro-organisms. www.neolbio.com 10 PORTFOLIO COMPANIES @ Mar 2013 Floating Wind Offshore Tidal Energy US company owning world´s first full scale prototype of submersible offshore wind power platform under Windfloat technology. Dutch company developing turbines for tidal and stream electric generation, with own technology and several projects ongoing in rivers, dams and channels, with future approach on off-shore tidal. www.tocardo.com www.principlepowerinc.com © 11 Clean, sustainable and Reliable energy solutions Tocardo Tidal Turbines Bilbao © Clean, sustainable and Reliable energy solutions About Products Market Deployment Who we are • Netherlands based tidal turbine manufacturer © • Fully commercial since 2011 • Proven technology • Worldwide network Clean, sustainable and Reliable energy solutions About Products Market Deployment Our Learning Curve 2010 – commercial 2008 - T50-A 2005 - Horizontal axis 2002 - Ring generator ... a Proven Product © 1999 Venturi, floating Clean, sustainable and Reliable energy solutions About Products Market Deployment .... Large scale from 2015 on-wards Transition to Commercialization Since 2008.... small sites Technology Development © First Sales Closing strategic Share holders Clean, sustainable and Reliable energy solutions About Products Market Deployment Sensible strategy Stepwise up scaling Focus on kWh price Partner with specialists © • Current market for < 500 kW • Commercialize smaller turbines • Easier and cheaper to install • Reliable technology • Minimize maintenance • Reduce project costs • • • Project development Financing Installation and foundation engineering Clean, sustainable and Reliable energy solutions About © Products Marrket Deployment Clean, sustainable and Reliable energy solutions About Products Market Deployment Commercially Available T100 T200 Development T500 T1000 Power Blade diameter Cut-in speed © RPM T100 T200 T500 T1000 100 kW 200 kW 500 kW 1000 kW 3.1 – 6.3 m 4.5 – 9.0 m 7.1 – 14.2 m Coming soon 0.4 m/s 0.4 m/s 0.4 m/s Coming soon 32 22 14 Coming soon Clean, sustainable and Reliable energy solutions About © Products Market Deployment Clean, sustainable and Reliable energy solutions About Products Market Deployment .... Large scale from 2015 on-wards Step-in of Utility companies Since 2008.... small sites.... ‘local’ intiatives/remote industry Small plants- several MW River, Canal, Near shore CONCLUSION: Developing a Tidal Power Plant is a Complex Task • • • • © • Public Consultation and Consenting ‘Configuration’ of the Tidal Power Plant Front-End Engineering & Design of all critically engineered components Operation & Maintenance De-comissioning Mega-parks/ Off-shore Clean, sustainable and Reliable energy solutions About Products Market Deployment Making Tidal Power Plants feasible • Total Cost of Energy • Generating electricity at lowest cost per kWh Proof your Technology before scale-up • Resource: River, In/Near shore, off shore Product philosophy • Scalable: turbines are identical for all markets • Minimal maintenance © Clean, sustainable and Reliable energy solutions About Products Market Deployment Legal Solutions Overall Project Finance Solutions - - - PPA Grants / Subsidies FIT / COMFIT Environmental Etc Foundation solution Grid connection Monitoring systems Etc. Financial Engineering Project Equity LCs for delivery Etc. standard specific Tidal Power Plant © Site Allocation Local Contractors Local Stakeholders - - - Site identification Site acquisition Public consultation Consenting Engineering Construction companies Cranes, Vessels etc. Operation & Maintenance Local Control / Guidelines Stakeholders management Local Equity Clean, sustainable and Reliable energy solutions About Products Market Deployment To conclude • 5 years in operation • Small is beautiful • Reliability is key • Costs levels (TCE) counts • Array solution : river / near shore • Off shore along the same lines © Clean, sustainable and Reliable energy solutions Contact Tocardo International BV www.tocardo.com [email protected] © Head Offices UK Offices (Scotland) Canada Offices (NS) Sluiskolkkade 2 Forss Business Park Purdy’s Warf Tower 2 1779 GP Den Oever KW14 7UK Thurso, Caithness 1300-1969 Upper Water Street The Netherlands United Kingdom Tel: +31 227 727 200 Tel: +44 1847 808 212 Halifax, Nova Scotia, Canada Clean, sustainable and Reliable energy solutions Market © About Products Deployment Surveying & Assessment Manufacturing/Assembly Installation Maintenance Clean, sustainable and Reliable energy solutions Support Structure Solutions © Clean, sustainable and Reliable energy solutions Support Structure Solutions © Clean, sustainable and Reliable energy solutions Support Structure Solutions © Clean, sustainable and Reliable energy solutions Pipeline: Rivers & Channels Nepal (Country wide) – Canada (Cape Breton, Bay of Fundy) – UK (North Ireland, Scotland) – Near East (Several irrigation channels) © Clean, sustainable and Reliable energy solutions Pipeline: Tidal barrages & Inshore The Netherlands (Den Oever, Oosterschelde) – Japan (4 Island-connecting bridge locations © Clean, sustainable and Reliable energy solutions Pipeline: Estuaries & Inlets The Netherlands (Texel) – Scotland (West Coast, Dundee, Montrose) – Canada (Fundy coast, Cape Breton, Vancouver Island)- Chile (Southern tidal channels) © Clean, sustainable and Reliable energy solutions Pipeline: Offshore Scotland (Pentland Firth) – Canada (Cape Breton, Bay of Fundy) – UK (Chanel Islands) ©