Sustainability: Quo vadis?

Transcription

SUSI Energy Efficiency Fund
Sustainability: Quo vadis?
Energy Efficiency Opportunities in Real Estate
3 February 2015
Page 1
01 About SUSI Partners >> 02 Business model & opportunities >> 03 Reference Projects >> 04 Discussion
SUSI Partners AG addresses the three main pillars of energy infrastructure
SUSI Partners AG
Founders:
Tobias Reichmuth,
Otto von Troschke
Verwaltungsrat:
Board
of Directors:
Jürg Bucher (Präsident), Kai-Uwe Ricke, Prof. Dr. Uwe Krüger, Stephanie Schoss, RA Björn Bajan
Jürg Bucher (President), Kai-Uwe Ricke, Moritz Leuenberger (former Minister of Energy and
Federal President of Switzerland), Prof. Dr. Uwe Krüger, Stephanie Schoss, Björn Bajan
Renewable Energy
Energy Efficiency
SUSI Sustainable Euro Fund I
(Solar- and wind projects in
Western Europe; closed)
(Financing Energy Efficiency
measures through a
contracting model;
in investment phase )
SUSI Renewable Energy Fund II
(Solar- and wind projects in
Western Europe; fundraising
ongoing)
Energy Distribution
and Storage
SUSI Energy Storage Fund
(Storage capacity
for utilities; planned for
2015)
Page 2
Energy Efficiency with the biggest lever to address climate change
Gt CO2
38
EU energy savings potential in Mtoe
Sources for CO2 reductions
36
34
91
95
32
Households (residential)
Commercial buildings
30
63
28
Manufacturing industry
26
24
22
2005
2010
2015
2020
2025
Energy Efficiency
Fossil fuel switch
Renewable energies
Nuclear energy
Carbon capture and storage
Remaining CO2 emissions
2030
=
Energy saving potential of 249 Mtoe
in the EU (2008-2020)¹
=
Needed investments in energy efficiency
measures of approx. EUR 750 bn to reach
the EU 20-20-20 goals²
By investing in energy efficiency measures, more CO2 emissions can be saved 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
Page 3
Business model with guaranteed cost reduction
Energy saving contracting (illustration)
Energy Costs
Energy costs
without
implementation
Reduction
in energy
costs for
the client
 In an energy saving contract, the ESCO implements
and guarantees energy savings measures
 In return, a portion of the savings in energy costs is
used to finance the project
 The real estate owner can limit his exposure to
rising energy prices caused by regulatory pressures
originating from the EU’s 20-20-20 targets
 20% reduction in greenhouse gas emissions
Energy costs
after implementation
 Increase the share of renewable energy
sources of the EU’s gross final energy
consumption to at least 20%
Contract duration
Time
Commencement of contract
compared to the level of 1990
End of contract
 Reduction of primary energy consumption by
20%
The energy price risk exposure can be lowered significantly through energy efficiency retrofits
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Motivation for energy efficiency projects
Increase of
property
value
Balance
sheet
structure
(on- vs. offbalance
sheet)
Potential
reduction of
vacancy rate
Motivation
for energy
efficient
retrofitting
Substantial
savings in
energy costs
Sustainabilit
y & CO2
reduction
Page 5
SUSI Energy Efficiency project focus and investment criteria
Types of projects
Project selection criteria
Buildings




heating, ventilation and air conditioning
building management systems
lighting
etc.
potential
projects
project duration of 4-12 years
investment volume of EUR 1m to 60m
Industrial processes




electric motors
pumps
heat recovery
etc.
focus on Western Europe and EUR
positive environmental impact
proven technology
Public infrastructure





street lights
hospitals
public swimming pools
public facilities
etc.
solid credit rating of customer
projects
Page 6
Savings potential for different building classes
Buildings
Office
-50%
Shopping Mall
-50%
Hotel & Restaurant Industry
Hotel
-40%
Restaurant
-40%
Public Infrastructure
School
-25%
Hospital
-25%
Source: Siemens Building Technologies, 2012 / No. are approx.
Page 7
Successful reference project with Monaco and Johnson Controls
Key Information
•
•
•
•
•
•
•
•
Energy Costs
- 27%
Project: Building retrofit of 5 buildings (portfolio)
Project Structure: Energy Performance Contract
Technology Partner: Johnson Controls
Building owner: Principality of Monaco
Project duration: 12 years
Fund’s share of savings: 64%
Investment volume: EUR 870k
Simple payback: 4.9 years
Energy
consumption
- 23%
CO2 output
- 35%
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Project structure
Principality of Monaco
Johnson Controls
Efficiency measures
Maintenance
Energy costs before retrofit p.a.
EUR 657k
5% of savings
(EUR 9k)
31% of savings
(EUR 54k1) )
Initial investment:
EUR 871k
Energy costs after retrofit p.a.
EUR 480k
64% of savings (EUR 114k)
Total annual savings:
EUR 177k
1) Payments to Johnson Controls for maintenance, process optimization, workshops, monitoring and verification of energy savings
Johnson Controls guarantees savings of 23% of current energy consumption (27% of energy costs) which amounts to EUR 177k p.a.. The SUSI
Energy Efficiency Fund fully finances the project in exchange for a share of the energy savings.
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Your contact at SUSI Partners
Otto von Troschke
CIO and Co-Founder
SUSI Partners AG
Bellerivestrasse 36
CH-8008 Zürich
Tel: +41 44 386 98 02
[email protected]
Page 10
Disclaimer
The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to
buy any securities relating to any of the products referenced herein, notwithstanding that any such securities may currently be
offered to others. Any such offering will be made only in accordance with the terms and conditions set forth in the Private
Placement Memorandum pertaining to SUSI Energy Efficiency Fund (the “Fund”). Investments in the Fund will be subject to
substantial investment restrictions and will be illiquid. Prior to investing, investors are strongly urged to carefully review the Private
Placement Memorandum of the Fund (including the risk factors described therein), the Subscription Agreement to ask such
additional questions of the investment manager of the Fund as they deem appropriate, and to discuss any prospective investment
in the Fund with their legal and tax advisers in order to make an independent determination of the suitability and consequences of
an investment. Investment in the Fund is suitable only for sophisticated investors for whom an investment in such a Fund does not
constitute a complete investment program and who fully understand, and are willing to assume, the risks involved in the Fund. The
role of any particular advisory board member may not be construed as his/her endorsement of any or all of SUSI Partner AG's
representatives, activities, products, plans or strategies.
This presentation is confidential and may not be reproduced or transferred, in whole or in part, to any other party without the
express written consent of SUSI Partners AG.
© Copyright 2015 SUSI Partners AG. All rights reserved.
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Sustainability: Quo vadis?

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