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Expected growth in renewables
World electricity demand evolution
Electricity demand (TWh)
Total installed capacity (GW)
Additional capacity (GW)
a2x
a2.5x
+350
35.000
350
30.000
300
25.000
250
20.000
200
15.000
150
10.000
100
5.000
50
10.000
7.500
5.000
0
2006
2.500
0
2014
2022
2030
2006
0
2014
2022
2030
2006
2014
2022
2030
Renewable energies will account for 70% of the
expected new power generation capacity up to 2030
Conventional
Renewables
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2000 – 2030 Installed Capacity by Technology
CAGR:
+5.8%
CAGR:
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CAGR:
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Enel Green Power FY 2013 consolidated results
Global leadership in renewables development
Iberia&Latam
North America
Italy&Europe
‰ Capacity: 3,072 MW
‰ Production: 8.8 TWh
‰ Technologies:
‰ Capacity: 1,683 MW
‰ Production: 5.4 TWh
‰ Technologies:
‰ Capacity: 4,128 MW
‰ Production: 15.3 TWh
‰ Technologies:
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Capacity by technology
Production by technology
Geo
Total = 8.9 GW
1.
Including co-generation
Hydro
Wind
Biomass
Solar
EGP 2014-2018 business plan
Executing on business plan: 2013 highlights
Additional capacity
a1 GW
EBITDA
1.8 €bn
Group net income
528 €m
Net debt
5.4 €bn
Strong growth coupled with safe and sound financial discipline
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EGP 2014-2018 business plan
Integrated business model – Striving for Excellence
Business
Development
Engineering &
Construction
First mover advantage
EPC costs optimization
Procurement
O&M
Asset value maximization
Identification of top sites, EPC and O&M are crucial to succeed
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EGP 2014-2018 business plan
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EGP Structured process to select new growth markets
Future potential growth markets
Current footprint
Operations in 16 countries
2013-2017 plan
New countries:
Peru, Colombia, South
Africa, Morocco, Turkey
Future potential
growth markets
2 new macro areas
under screening:
Africa and the Middle East
Anticipation of market trends is core to profitable growth
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219 Projects completed
& 62 Projects in execution
in 18 different countries
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Focus on projects in execution: North America
2014 – 2018 additional capacity (GW)
1,7
Installed
capacity
2013
a0.3
COD
1H 2014
0,5
-
2,4
Projects in
execution
Residual
target
Installed
capacity
2018E
Projects in execution
USA
Wind
500 MW
Potential to exceed planned growth
9
Investor Relations
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Focus on projects in execution: Latin America
2014 – 2018 additional capacity (GW)
2,9
0,6
1,0
Brasil
Wind
Hydro
Solar
198 MW
102 MW
12 MW
Chile
0,1
1,2
Projects in execution
Wind
Solar
160 MW
124 MW
Mexico
Installed
capacity
2013
COD
1H 2014
Projects in
execution
Residual
target
Installed
capacity
2018E
Wind
302 MW
Costa Rica
Hydro
50 MW
Uruguay
Wind
50 MW
Leveraging on increasing demand and abundance of resources
Investor Relations
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Focus on projects in execution: New Market
2014 – 2018 additional capacity (GW)
0,7
1,2
Residual
target
Installed capacity
2018E
Focus on South Africa
0,5
Projects in
execution
South Africa
Wind
Solar
199 MW
314 MW
South Africa: scouting for further development through Round IV auction
11
Investor Relations
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Focus on projects in execution: Capex
By geography
North
America
114
By technology
Latin
America
373
18%
By activity
409
64%
Growth
571
89%
58%
24%
12%
12%
11%
9%
Europe
154
80
58
3%
Other
17
77
Maintenance
70
Total operating capex for the period = 641€m
Geo
Hydro Wind Solar Biomass
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Emerging
markets
Pipeline diversification in tune with strategic guidelines
March
2013
84%
16% 9.1
March
2014
73%
27%
March 2014 gross pipeline
20.4 GW
10.7
North
America
78%
March
2013
5.4
March
2014
5.0
15%
3%
Italy &
Europe
3% 1%
March
2013
March
2014
New markets
Latin America
8.0
4.7
Emerging markets take the lead
with over 50% of the pipeline
Geo
Hydro
Wind
Biomass
Solar
13
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Pipeline diversification in tune with strategic guidelines
By probability of success
By technology
12,5
20,4
Potential
(20%)
March
2013
0,7
0,7
3,0
0,1
20,4
15,9
Wind
Hydro
Geo
Solar
Biomass
March
2013
1,6
1,2
20,4
2018
>2018
March
2013
7,0
0,9
Highly
confident
(90%)
Likely
(50%)
By geography
By COD
10,7
20,4
4,2
6,0
5,0
7,2
4,7
0,2
Italy & Europe North America
Emerging
markets
March
2013
2014
2015
2016
2017
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ITALIA
Macchiareddu (54 MW)
San Nicola da Crissa (0,57 MW)
Mongiana (0,29 MW)
FRANCIA
Finale Emilia (15 MW)
Pays d’Othe (18 MW)
San Vito dei Normanni (12 MW)
Comes de l’Arce (10 MW)
Bagnore 4 (38 MW)
Piancastagnaio (refurbishment)
Coscile II (3,52 MW)
ENA
Caerano (1,7 MW)
Origin (150 MW)
Goodwell (200 MW)
Osage (150 MW)
Stillwater (2,5 MW)
Cassibile (2,2 MW)
Arson (6,56 MW)
Lama dei Peligni (1,8 MW)
Città di Macerata (1,1 MW)
MEXICO
Sureste (102 MW)
Dominica I (100 MW)
Dominica II (100 MW)
SOUTH AFRICA
Upington (9,92 MW)
COSTA RICA
Pulida (82,5 MW)
Chucas (50 MW)
Paleisheuwel (82,5 MW)
Tom Burke (66 MW)
Aurora (82,5 MW)
Gibson Bay (111 MW)
CHILE
Nojoli (88 MW)
Tal Tal (99 MW)
Diego de Almagro (36 MW)
Lalackama (60MW)
BRAZIL
Cristal Complex (90 MW)
Chañares (40 MW)
Modelo Complex (56,4 MW)
Talinay II Poniente (61 MW)
Curva dos Ventos Complex (56,4 MW)
Fonte dos Ventos (79,9 MW)
Serra Azul Complex (118 MW)
Apiacas Complex (103,2 MW)
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2013 PV Installed Capacity
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2009-2013 PV Installed Capacity
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2009-2013 Wind Installed Capacity
Top 15 Additional Markets in 2013
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UK
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Canada
Brazil
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Poland
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GEOTHERMAL WORLD at-a-glance
Geothermal electricity map
2015 Geothermal Installed Capacity (MW)
<100 MW Installed
Europe:
2.1 GW
100-500 MW Installed
>500 MW Installed
Russia: 82 MW
Germany: 27 MW
Austria: 1 MW
Iceland: 665 MW
North America:
3.4 GW
Asia Pacific:
5.2 GW
France: 17 MW
Italy: 916 MW
Japan: 537 MW
USA: 3,408 MW
Portugal: 29 MW
Mexico: 1,014 MW
Turkey: 397 MW
China: 27 MW
Ethiopia: 7 MW
Philippines: 1,870 MW
Guatemala: 52 MW
El Salvador: 204 MW
Papua Nuova Guinea: 50 MW
Kenya: 654 MW
Nicaragua: 160 MW
Costa Rica: 207 MW
Indonesia: 1,672 MW
Latin America:
1.6 GW
Africa:
0.6 GW
Australia: 1 MW
New Zeland: 1,008 MW
2005-2020 Installed Capacity (GW)
8,9
Source: NEF, EGP estimate
2005
10,9
2010
13,0
2015
22,0
MAX
15,0
MIN
2020
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Asset
EGP key pillars in Geo
Toscana
In operation since
1904
769 MW net installed
capacity
• EGP is the biggest fully integrated geothermal
operator
• Long experience in geo sector supports EGP
international leadership in geo innovation and
operation
37 generating units
5.7 TWh annual
production
• Geothermal fields management “culture”: use of
reinjection wells to recover natural resource
depletion
• Leadership in efficiency performances and power
plants availability
446 people
82,5% average load factor
100th anniversary of electricity production
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Reaching
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New production
record the
in 2013:
5659 GWh
40
Chiusdino 1 Project
Geothermal Power Plant, Italy
Plant Technical Features
Concrete
Steel
4.600 [m3]
1.080 [t]
Plant area
11.000 [m2]
Aggregate man hours
140.000 [h]
41
Chiusdino 1 Project
Geothermal Power Plant, Italy
Construction Progress
February 2010
June 2010
April 2010
October 2010
42
Chiusdino 1 Project
Geothermal Power Plant, Italy
Site preparation
Steam separation system
Building machinery erection
Main machinery erection
43
Chiusdino 1 Project
Geothermal Power Plant, Italy
Power Plant completed
44
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2.000
Running Capacity [MW]
The Geyser
1.500
Larderello
1.000
500
0
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1920
1940
1960
1980
2000
2020
year
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Environmental sustainability
Plant design innovation
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know as AMIS© (Abbattimento Mercurio e
Idrogeno Solforato) for the abatement of H2S
(hydrogen sulphide) and Hg (mercury) from
the gases emitted during power plants
operation
Architectural innovation
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visual impact of the power plants in order to
make geothermal presence more acceptable to
the local community
Innovation also possible to reduce environmental impact
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26.913
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223.000
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2.792.220
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466
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123
164.119
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0,11
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3.150
84
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11.229
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TR
13/12/1993
0,01
1
300
22
2
2.965
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TR
23/12/1998
0,01
1
350
20
2
2.667
6
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TR
12/11/2001
0,03
1
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29
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3.827
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0,06
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19.865
1.070
107
142.702
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3
400
108.232
5.691
569
758.818
1.764
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2
223
54.321
2.827
283
376.885
876
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TR
1
94
20.056
901
90
120.151
279
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1
96
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6.483
648
864.344
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843
273.323
19.032
1.903
2.537.640
5.900
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83.784
3.693
369
492.358
1.145
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0
3
2.100
179
18
23.893
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20/03/1998
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31/12/1993
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New Leases
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New exploration leases
Leases under exploitation
EXPLORATION LEASE
EXPIRATION DATE
MURCI
April 2015
BOCCHEGGIANO
June 2015
MONTEGEMOLI
October 2015
MONTEBAMBOLI
October 2015
EGP is also evaluating 4 new exploration areas
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121 new Exploration Permit
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7
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