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Funding innovative low-carbon energy demonstration projects: the NER 300 program MeyGen Cameron Smith Director – Project Development

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The MeyGen Project Developing a project phase by phase

Atlantis Resources: Offshore Energy 2016, Marine Energy Event, 26 October 2016

“In 2016, Atlantis will complete work on the first 6MW phase of the MeyGen project in Scotland. We will then immediately commence work to expand installed capacity to 86MW, with the full project of 398MW to be installed before 2025. Atlantis has 640MW in our Scottish portfolio alone, the realisation of which represents nothing less than the creation of a new manufacturing sector for Europe based on predictable, reliable, renewable energy.”

Tim Cornelius, Group CEO

MeyGen

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Project Turbines MW

MeyGen Phase 1A 4 6

MeyGen Phase 1B 4 6

MeyGen Phase 1C 49 73.5

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Phase 1A - Update

The MeyGen Project Phase 1A – Summary

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3 x 1.5MW turbines from Andritz Hydro Hammerfest

1 x 1.5MW turbine from Atlantis

Gravity based foundation structures with ballasted tripod

Individual cables to shore along natural seabed troughs and through directionally drilled bores

Jack-Up and Dynamic positioning vessels used for cable, foundation and turbine installation to ensure safe station holding in high currents

Grid connection at onshore site provided by distribution network operator

Onshore electrical equipment and civil works provided under EPC contract

Atlantis Resources: Offshore Energy 2016, Marine Energy Event, 26 October 2016

Highlights for the year to November 2016

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Last stretch of cable joins up to the MeyGen onshore control centre ready for grid connection

February 2016

Internal fit out of MeyGen onshore control centre commences

March 2016

September 2016

DEME concessions becomes an investor into TPSL, valuing TPSL at £100m

June 2016 August 2016

Atlantis announced development and investment agreement with infrastructure fund Equitix

April 2016 Atlantis announces the first ever wind/tidal power output deal with Wind Harvest

July 2016 November 2016

Phase 1B tender packages issued and work fully underway on Phase 1B FEED

October 2016 Atlantis enters into agreement with ScottishPower Renewables to acquire 110MW of projects (including €21m in awarded grant funding) in exchange for 6% shareholding in TPSL

December 2015

The First Minister of Scotland and the Energy Minister officially unveiled Phase 1A of the MeyGen Project at NEP

33kV distribution network connection to the MeyGen project energised – one of the longest underground 33kV power export cables in the UK

All Phase 1A foundations successfully installed and first connected and in commissioning

Update | MeyGen 1A Progressing to first power in 2016

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11.5km of submarine cable installation completed in September 2015

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MeyGen Phase 1A More updates to come shortly…….

Nigg Energy Park Atlantis facility serving multiple turbine suppliers and multiple projects

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Phase 1B

MeyGen Tidal Energy Project Phase 1B – Project Stroma

December 16

Confidential and not for distribution

Phase 1B System Overview

• 4 x ARL 1.5MW tidal turbines generating at 4.1kV (TBC)

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• Subsea cables

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• 4.1kV frequency converters (turbine control)

• DC link • 4.1kV frequency

converters (grid connection control)

• 4.1kV to 33kV transformers

• 33kV switchgear • 33kW grid connection

Phase 1B

• NER grant funding secure

• Innovative , 6MW, second phase of MeyGen project.

• Key target to prove technology required to drive down cost for large scale arrays

• Using drilled foundations

• Innovative approach to all aspects – engineering, turbines, installation, cabling, project structure, O&M

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Phase 1B Program

• All necessary consents and licenses in place

• Grid capacity secured

• Phase 1A onshore works commissioned – partitioning for phase 1B

• Proven use of Jack-Up Barges to allow Drilling

• Tenders issued to 30+ contractors

• Final contractor selection in place

• Move to construction in 2017, Completion 2018.

• NER Funding: – Important - Key to unlicking other funding streams. – Limited flexibility – can prove a challenge. – Build on lessons learned to help roll out of the industry

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Atlantis Resources: Confidential and not for distribution

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