wp offshore capability 2015 100715
TRANSCRIPT
CONFIDENTIALITY
Proposal Developed By:
Wind Prospect Limited
Dublin | Bristol | Durham | Adelaide | Warsaw | Cape Town
Tel: +44 117 301 7151
www.windprospect.com
Offshore Capability Statement 2015
Commercial in Confidence
This document contains proprietary and confidential information, which is provided on a commercial
in confidence basis. It may not be reproduced or provided in any manner to any third party without
the consent of Wind Prospect Ltd.
© Copyright Wind Prospect Ltd 2015
This work and the information contained in it are the copyright of Wind Prospect Ltd. No part of
this document may be reprinted or reproduced without the consent of Wind Prospect Ltd.
Disclaimer:
Whilst every effort has been made to ensure the accuracy of this information, the publisher accepts
no responsibility for any discrepancies and omissions that may be contained herein.
Revision Date Issue By Approved
v1 19/06/2015 First issue R. Speht A. Hoehne
Document History
Contents
Executive Summary 4
1 Wind Prospect Group 5 1.1 Advisory Services track record 5 1.2 Energy Resource Assessment track record 6
2 Offshore Wind 7 2.1 Advisory Services 7 2.2 Project Resource Assessment 8 2.3 Development services 8 2.4 Environmental Services 9 2.5 Electrical Engineering Consultancy 10 2.6 Construction Management Services 11
3 Methodology 14
4 Core Team Members 17
5 Selected Offshore Project List 21
6 Typical Scope of Work 26 6.1 Wind Farm Technology, Design and Construction 26 6.2 Environmental Issues and Permitting 27 6.3 Operation and Maintenance 28 6.4 Sources of Revenues and Financial Model 29
Executive Summary
Wind Prospect has been involved in offshore and onshore wind projects around the world for
almost two decades. Our experience within the global wind industry began with the UK’s
second commercial wind farm in 1992. We have undertaken projects in the most demanding of
oceanic and land based conditions. Wind Prospect provides an extensive range of services to
aid you in the successful completion of your onshore and offshore wind energy project.
At Wind Prospect, we bring confidence to the development and appraisal of both onshore and
offshore wind energy projects. The industry is currently in transition from a market of smaller
scale developers and suppliers to a market where large developers predominate at utility scale.
Project scales and investment requirements are increasing substantially. We bring
comprehensive technical and management skills to the project development and delivery
process, and combine these skills with full technical, commercial, environmental and
operational understanding. The breadth and depth of our in-house resources means we are
able to offer a full range of skills necessary for the successful completion of wind projects,
resulting in client confidence that projects will be delivered to meet client expectations.
Services provided to the wind energy industry include:
Market and strategic advice
Regulatory development and analysis
Feasibility studies and conceptual designs
Due diligence assessment
Investment and acquisition appraisals
Planning, permitting and environmental assessment
Project development and implementation management
Resource assessment and energy yield
Technology assessment
Development of commercial agreements
Design of civil and electrical works
Design and negotiation of grid connection arrangements
Design of all marine works for offshore projects
Specification, tender adjudication and site supervision
Construction management or monitoring services
Operational management or monitoring services
1 Wind Prospect Group
Wind Prospect has successfully developed wind farm projects around the world. Our expertise
acquired over two decades is available to aid you in finding, developing, building, operating,
buying and selling your own renewable energy projects.
Wind Prospect is a global management, engineering and development consultancy. Our
dedicated wind team is commercially and investment focused, and is able to draw from a wide
resource pool of expertise covering all aspects of the engineering and technology sectors, with
specialists in wind technologies, power and environment and permitting, especially in the UK.
For projects like this Wind Prospect is working together with specialist sub-contractor Lloyd’s
Register who bring the specialist offshore geotechnical and foundations knowledge.
WP’s experience can be summarised as follows:
Delivered 211 due diligence projects totalling 28GW, including 28 projects in
Eastern Europe;
Achieved planning consent for over 2,900MWof renewable energy production
capacity;
WP has worked on 15 offshore wind farm projects totalling 8GW;
Working together with Lloyd’s Register we have worked on a combined 58 offshore
wind projects.
1.1 Advisory Services track record
WP’s expertise are widely sought by investors and sponsors in order to verify, evaluate and
benchmark wind energy projects. Through its principal offices in Bristol, Dublin, Cape Town,
Singapore and Warsaw, WP’s Advisory Services team has delivered technical and commercial
advice in relation to nearly 28GW of wind energy projects all over the world.
1.2 Energy Resource Assessment track record
Wind Prospect has delivered 411 wind and energy resource assessments or reviews, on
projects totalling 20GW, including 63 projects in Eastern Europe totalling more than 3.6GW.
North America
27 projects
1147MW
Ireland
62 projects
2284MW
France
43 projects
814MW
Mexico
3 projects
338MW
UK
89 projects
871MW
Pakistan
1 project
50MW
Eastern Europe
63 projects
3641MW
Confidential
1 project
2MW
India
4 projects
94MW
Kenya
6 projects
473MW
Taiwan
1 project
120MW
South Africa
67 projects
6676MW
Australia
2 projects
428MW
Indonesia
1 project
44MW
Philippines
1 project
33MW
422 Projects, 20.49GW
Russia
2 projects
1032MW
Turkey
45 projects
1903MW
Chile
5 projects
494MW
Senegal
1 project
50MW
2 Offshore Wind
2.1 Advisory Services
WP is able to provide world class technical and commercial consultancy services at all stages of
an offshore wind project - from development through to the operation. Wind Prospect offers
commercial and industry advice, feasibility studies, negotiation of agreements (Supply & Install,
EPC, Grid Connection, O&M etc.), due diligence services as well as special consultancy services
in all phases of project evolution.
Feasibility studies and development support
Assessing the feasibility of a potential development project requires in depth knowledge of a range of technical
and commercial issues relating to a site. This is essential in ensuring the project is viable and appropriate for
further investment. Wind Prospect can provide a range of feasibility studies including: Land availability, rights
and permitting process; energy yield potential; Potential module and inverter types and manufacturers; Initial
tendering to manufacturers and contractors; Equipment delivery and site access; Onsite electrical design and
grid connection options; Initial financial modelling; Risk analysis.
Due Diligence and Lender’s Engineer
When investing in a project during the development phase, it is important to confirm that the project is being
developed to industry standards ensuring the project will be suitable for financing and pre-construction work.
As a project reaches middle age and its initial operations and maintenance contract expires, the risk of
significant maintenance issues can be higher, and careful consideration of O&M options for the remainder of
the project’s lifetime is important to maximise revenue and profitability and minimise costly repairs and
downtime.
Pre-financial close is a critical time for the success of a project. Wind Prospect has acted as lender’s advisor
on a wide variety of projects for both bank and equity providers interested in investing in an offshore wind
farm in the run up to financial close. Wind Prospect has a very strong record of conducting due diligence for
developers, owners and investors on a wide variety of projects around the world, including both brownfield
and greenfield sites.
Equipment technology review
The wind turbine market technology and manufacturing process has a wide range of options and it is vital the
technology is understood so the energy yield throughout the operational life can be accurately modelled with
a high degree of reliance.
Wind Prospect can review the technology, visit and review the factory, manufacturing and assembly processes,
and report not only on the capability of the technology, but on the quality of the finished product. This can be
an essential part of the module and inverter selection process, in partnership with tendering and site
assessment.
Equipment procurement
Equipment procurement can be a complicated process. Wind Prospect offers all levels of negotiation services
for module, inverter, array cabling and BOP, from technical advisor through to complete turnkey negotiation
including advising on supplier selection.
Commercial advice
We have experience throughout the financing process, with all types of investment models, approaches, and
markets. Wind Prospect provides essential advice to our clients relating to the return on their investments.
Not to be mistaken with professional financial advice, we focus on reviewing the financial models used, inputs
and considerations of renewable energy project particulars, comparisons with our own models and feedback
to our clients to verify their understanding of the site and the potential for their investment.
Owner’s Engineer
Renewable energy project contracts include a variety of roles to be fulfilled, with different aims and objectives.
Wind Prospect has managed the construction of over 100 projects acting as owner’s engineer (OE). The
experience of the OE is essential for the smooth running of the construction process, and the reduction of
interface risk, particularly in multi-contract projects. We manage the interaction of all contractors’ works at
the site; ensure the programme is kept to and that the owner’s interests are met.
2.2 Project Resource Assessment
Wind Prospect is a world leader in energy resource assessment. Our energy resource team is
made up of highly professional analysts from backgrounds in engineering, mathematics, physics
and geography, giving us first rate knowledge of all the key factors relevant to energy yield
assessments.
Quantifying a project’s energy yield accurately is pivotal to securing project investment. Our
track record within the wind and offshore wind energy demonstrates that international banks
and investors trust us to provide bankable analyses. The same diligence is now being
transferred in to solar resource assessments undertaken using in-house tools with industry
standard modelling software and best practice.
2.3 Development services
Our experience in renewable energy began with the UK’s second commercial wind farm in
1992. We have since provided services in the development, design, construction, operation and
maintenance of renewable energy projects across the world. This extensive experience is
available now to assist you in finding, developing, building and operating your own wind or
offshore wind projects.
We work closely with local communities, interest groups and government agencies fitting wind
farms into local landscapes. We create community consultation websites for many of our
projects to keep stakeholders up to date at each step of the development. Our goal is to strike
the right balance between the global benefits of renewable energy and the impact of wind
projects on the local environment.
We have extensive experience in the preparation of Environmental Impact Assessments and
coordinate the full range of environmental studies required. These are prepared in compliance
with all regulatory requirements and international Best Practice Guidelines, and are carried out
in full consultation with all local stakeholders.
WP can aid in the preparation for permit and license applications and further provide
verification of your paperwork to show regulators your compliance and stakeholders your
commitment to environmental protection. These include the following:
Ecology, ornithology, biodiversity and ecosystems
Landscape and Visual Impact
Historic and cultural heritage
Hydrology and geological constraints
Electrical layout and grid connection
Social analysis
Land use and tenure
Transportation
Additional specific permits, planning agreement, transportation, habitat management.
2.4 Environmental Services
The Environmental Services Division of WP, provides quality environmental expertise on
projects in pre-construction, construction, operational phases which demand environmental
monitoring and legislative compliance.
Pre-construction monitoring
Our environmental monitoring during the pre-construction phase involves the following: Reviewing the
planning condition requirements and allocating responsibilities; Engaging with sub-consultants, such as
archaeologists, hydrologists and ecologists to produce key documentation for planning condition discharge;
Reviewing and extracting key environmental information from the ES and associated documents, and ensuring
that they are taken into account in the detailed design and planning discharge documentation. In addition, the
environmental team contributes to: Design reviews; Civil and electrical designs; Employers requirements;
Health and safety documentation; Contractor selection and tendering; Operational protocols.
Construction monitoring
Our environmental monitoring during the construction phase involves the following: Undertaking monthly on-
site environmental audits; Liaison with sub-consultants and contractors; Ensuring that restoration of the site is
undertaken to the requirements of the project.
Environmental Clerk of Works
Our environmental team provides full Environmental Clerk of Works capability not only in areas of ecology
but including monitoring of a company’s requirements for their Environmental Management Systems. This
includes: Waste and water management; Noise, dust and pollution assessments; Dust, statutory nuisance;
Incident investigation and Training; Liaison and assistance with statutory bodies.
Post-construction monitoring
Our environmental monitoring during the Post-construction phase involves: Ensuring that restoration of the
site has been successful and has met key environmental targets: All appropriate species surveys have been
undertaken, as specified in the planning discharge documentation; Follow up programme of monitoring is being
undertaken; Water quality monitoring and rehabilitation following incidents; We provide bespoke monitoring
to ensure all potential risks, mitigation measures and environmental areas are identified for contractors and
clients.
Environmental Compliance
On-site monitoring of contractors can help identify non-compliance and identify poor working practices and
working with contractors, stakeholders and consultees ensures that best practice is adopted and
environmental incidents are prevented. Since 2007, Wind Prospect have undertaken audits and inspections on
sites during geotechnical investigations and all construction phases to ensure "better than industry" practices
are adopted. This has proved useful in the planning phase of more complex or sensitive sites and to
demonstrate good practice to consultees.
Water quality
Water quality issues may arise due to many factors; these factors include the occurrence of sediment laden
run-off due to high volumes of water and inadequate drainage provisions during the construction phase, to oil
spillages during the operational phase. Getting good data for baseline water quality prior to construction
allows issues arising on a site during the construction an operational phases to be identified and preventative
measures put in place.
2.5 Electrical Engineering Consultancy
WP has the experience and the staff to ensure that all necessary expertise is available in house
to the high quality standards synonymous with the Wind Prospect brand. WP can provide a full
package of Electrical Engineering Services. These are listed as follows:
Pre-construction design
Preliminary substation layout / elevation drawings, / single line diagrams
Preliminary grid connection method / cost / feasibility study
Wind/offshore win farm electrical layout
Connection application
Grid system operator services
Optimal network development study with large scale
Wind/offshore power integration
Load flow studies
Fault level studies
System stability studies
System operator negotiation
Management of the connection offer process
Review of connection offer: cost, programme
methodology, contestability
Connection offer negotiation
Dispute resolution
Integration into industrial installations
Review project requirements and produce an outline/
functional electrical design
Power quality studies
Load/ demand power balance study
Protection co-ordination studies
Wind/offshore wind farm construction
Review project requirements and produce an outline/ functional electrical design
Review contractors submitted studies and calculations
Manage the Grid Code compliance process
Wind/offshore wind farm electrical design services
Power losses/ cable sizing
Grid transformer specification study
Fault level/ circuit breaker sizing study
Voltage fluctuation/ regulation study
Harmonics study
Power factor correction study
Insulation coordination study
Protection coordination study
Grid code/ fault ride through capability study
Factory / site witness testing
Wind/offshore operation
Grid code breaching investigation
Nuisance tripping investigation
2.6 Construction Management Services
Construction Services can help to bring your projects to successful completion by acting in
partnership with you and your investors by providing a comprehensive services package
tailored to meet the specific requirements of your project. These are summarised as follows:
Construction Management Services - Commercial
Tender documentation services - WP can aid in the preparation of tender documentation and
management of the tender services from initial pre-tender to post tender stage, by providing advice
on the procurement strategy.
Budgetary Control - Wind Prospect provides financial progress reporting to the client
management team to ensure client budgetary targets are achieved by monitoring and controlling
costs. Preparation of estimates, cost models and costing reports are updated at regular intervals to
ensure budget development and review throughout the project.
Cost Risk Management - Wind Prospect advise on cost and pricing of alternative design solutions.
In addition, we provide cost management of projects during construction including change control,
cost reporting, and valuations.
Value Management- We provide a service that is concerned with improving and sustaining the
balance between the Client’s wants and needs and the resources needed to satisfy them. Increasing
value to all our projects by improving our functions as well as reducing cost in order to deliver best
value for all our clients. Our integrated team provide a positive approach to adding measurable value
to the client.
Valuations and audits - Project and contractual completion, final cost accounting, warranties and
release of retentions, bonds, insurance and contractual duties and obligations.
Claims, adjudication and arbitration support - Wind Prospect provides advice and support to
any potential contractual claims and advocates an amicable settlement to any contractual dispute.
Wind Prospect provides assistance to mediation, adjudication and arbitration processes
Lenders / Banks Engineer - We have undertaken Banks Engineer role for a number of projects.
Construction Management Services - Management
Project management - The project managers are solely responsible for the delivery of their
projects from the development, pre-construction and construction phases. To enable them to
undertake their duties they have access to all our in house expertise. The project manager acts a
single point of contact with the client, providing regular reporting covering progress, commercial,
Health and Safety, and may other issues as required by the client. Our project management
systems are certified to ISO 9001, 14001 and 18001 and we are continuously updating our business
systems to reflect best practice and lessons learnt from previous projects.
Site supervision - The site supervisors have a full time presence on site where their role is to
ensure that the works are undertaken to specification, programme and comply fully with Health
and Safety legislation. They also co-ordinate the onsite works between the various contracting
entities, maintain daily work record sheets and liaise between the parties.
Stakeholder and consultee engagement - As and when required our project management
systems are sufficiently flexible to enable Client to specify and undertake themselves or via external
consultants or parties specific duties and responsibilities should they wish. Be it in the form of
special environmental, Health and Safety, Banks engineer or other client input.
Landowner liaison and management - Landowner liaison and management is provided to
ensure that the impact on the landowners activities are minimised, that the temporary and
permanent design works are agreed in advance and any impact and remedial works associated with
the landowners property such as land drains, fencing etc are agreed in advance and implemented as
require. The site agent also provides a direct point of contact with the landowner or their agent
should there be any concerns or issues which require immediate or prompt response. The Project
Manager provides further input to this process during his regular site attendance should this be
required and reported to the client.
Construction Management Services - Technical
Earthworks inspections and testing - WP provide a full range of inspections and
monitoring to ensure that both the temporary and permanent works are comply with the
contract requirements and specifications. These include: Analysis of materials sourced on and
off site to ensure it meets contract specification; Monitoring of material placement and
compaction; Monitoring of performance of materials and roads; Undertaking or witnessing of
performance test, plate load and CPT etc; Monitor slope stability; Drainage performance;
Structural inspections and remedial works design; Electrical testing, commissioning and
inspections; array inspections and snagging.
Structural inspections and remedial works design - We provide a full range of
inspections and continue monitoring of the installation of critical structural elements such as
anchor, switchgear house, bridge structure etc. These include: Inspection, approval and
geotechnical evaluation of anchor formation; Witness concrete placement, testing and curing
for the anchors and analysis of concrete cube results to ensure full compliance; Approval,
witness and test in necessary any remedial works required to bring permanent works to meet
the contract requirements; Witness access works and test runs to ensure; and deliveries.
Electrical testing, commissioning and inspections - WP provides a full range of
electrical inspections and monitoring by our experienced electrical engineers to ensure the
electrical installations meet the contractual, equipment manufacturers and utilities
requirements such that the works can be safely energised and the arrays can generate and
export to the grid. These include: Review and approval of the Electrical contractors design;
Review and approve Electrical contractor material suppliers; Attend and witness any off site
testing of key equipment; Witness any onsite testing; Final inspections prior to energisation;
Approval of contractor Safe System of Work; Monitor power quality and interface with grid
Equipment inspections & snagging - We undertake as part of the wind/offshore wind
farm approval and hand over detailed inspection of the system equipment, these include:
Inspection of the modules and inverters with preparation of detailed inspections sheets;
Review of the array performance during the testing period including SCADA by one of our
specialist operations engineers to ensure that the array has passed all the test criteria. Monitor
any remedial works or repeat; testing as required.
Construction Management Services - Health and Safety
CDM coordinator (UK)/ Planning supervisor (Ireland) - We perform the role of CDM
Coordinator (within the UK) and planning supervisor (in Ireland) alongside our day to day
project management duties. With support from our dedicated safety team, the project
management teams can call on any number of experts to assist with the duties and
responsibilities tasked of a safety co-ordinator. This can include the early consultation with
contractors, suppliers, designers to ensure that the installation, design and operations are
compliant with specific health and safety legislations and meets both the clients and the utilities
requirements
Principal contractor - We can perform the role of Principal Contractor during pre-
construction and construction phases of projects, providing the management and supervision
of subcontractors working on the site, providing Health, Safety and welfare facilities during any
part of the construction process. We have undertaken this role on behalf of E-ON
Renewables on several of their projects in the UK and has been subject to regularly audit by
their own internal H & S team and the systems in place have proven to be will managed,
effective and robust.
Ecology clerk of works - As is normally required as part of project planning conditions
there is a requirement to develop and implement an environmental and ecological
management plan. Depending upon the sensitivity of the site we can provide the various levels
of Ecological supervision utilising either internally qualified personnel for patrol supervisor or if
a continues provision for a Ecological clerk of works this can be provided by a number of our
experienced Ecological consultants
Site audits and inspections - We as part of our ISO accreditation our internal QA
personnel undertake regular QS and Health and safety audits both on and off site, to ensure
that our systems are properly maintained. This is further augmented with twice yearly audits
by external auditing bodies.
3 Methodology
Below is an outline of the methodology WP uses to asses an offshore wind project during the
due diligence phase, up to Financial Close;
Capability of Key project participants
We will consider the suitability of key project participants with particular focus on vendors and
contractors and the proposed Cape Wind project team. Of particular importance will be the
project and construction management arrangements and how you expect to manage project
risks and ensure quality.
Project Agreements
We will briefly review the current status of key project agreements including the power
purchase agreement, turbine supply and service and balance of plant contracts. Where
agreements are not in place we will discuss with the Cape Wind team, the expectation
regarding contract structure and allocation of key project risks.
Project Design
We will carry out a brief review of the current status of the project design. In particular we
will consider the extent of site investigations to date and planned, arrangements for foundation
design, turbine selection and electrical systems. Our focus will be on design basis,
appropriateness of designers and arrangements for certification or other independent review.
Energy Yield
We will carry out a brief review wind resource assessments carried out to date and the energy
yields. We will consider carefully the proposed uncertainties and losses considered in reaching
the energy yield. Our intention will be to gain comfort in the approaches followed and
whether the results can be reasonable relied upon.
We do not propose to carry out a detailed review of the work you have carried out to date.
Workability and Accessibility
It is important to study the wind and wave conditions at the proposed offshore wind farm site
in order understand the accessibility and workability of construction and operation support
vessels. We will review the metocean factual and interpretative information gathered to date,
opine on its suitability and the conclusions.
Construction Arrangements and Schedule
Offshore construction risks are a key risk in constructing an offshore wind farm. We will
review the current status of your plans with particular focus on schedule, the proposed marine
spread and construction methodology and arrangements for health and safety. We will also
consider the arrangements in place for the construction phase marshalling yard and the
appropriateness of the current plans.
O&M arrangements
We will consider the current O&M arrangements with particular reference to how you expect
to deliver the planned wind farm availability. As part of this work we will consider the
expected O&M work vessels, the wind farm design, O&M port arrangements and how you will
manage major intervention risk. A major intervention is unscheduled maintenance requiring a
large barge and lifting equipment.
Environmental and permitting issues
We understand that the environmental and permitting process is underway. In discussion with
your environmental and planning specialists, we will review the current status of the studies
and permits and will discuss the approach being followed to address key risks. Following the
discussions we will form a view as to the risks associated with the environmental and planning.
Depending on the documents available and issues that could arise, we may propose to carry
out some UK office based review of relevant documents.
Project costs
It is appreciated that the project is still under development and the capex and opex budgets
will not be final. Nevertheless, we will review the budgets, confirm that they are complete and
give a view as to the level of capex and opex. We will also carryout a preliminary contingency
analysis and give a view as to the likely contingency that would be appropriate.
Review of project risks
Following our review, we will consider the project completion and operational risks and give a
view as to whether the plans for risk management and mitigation are appropriate
4 Core Team Members
Achim Hoehne Director, Bristol – UK Achim is an electrical engineer with two decades of international onshore and offshore wind power experience. He has acted in a range of roles including developer/owner/operator, independent engineer, investment adviser and equity provider. Achim has worked with many of the leading international companies in the wind industry covering every corner of the globe.
Robert Speht General Manager, Bristol - UK Robert is a chartered energy engineer, specialised in the financing of renewable energy projects with a background in wind, offshore wind, solar, wave & tidal. Before joining Wind Prospect he worked for the specialist wind consultancy OutSmart, the globally renowned certification & verification company SGS and market leading technical multidisciplinary consultancy Mott MacDonald. He has broad experience across the renewable energy industry in development phase, procurement, construction monitoring, technical due diligence services and operations phase. He has worked on around 8GW of wind, offshore wind and solar projects over 17 years in the industry.
Alex Tancock Alex has led the development of our 200MW Hong Kong offshore wind farm, expected to be one of the first offshore wind farms in Asia. He is currently advising the Taiwanese government on offshore development guidelines. Elsewhere in China, he has conducted a number of due diligence projects for financial and utility clients.
Barthelemy Rouer Barthelemy is a Mechanical Engineer with offshore experience around Europe having worked on projects for Shell WindEnergy for 4 years. Barthelemy was involved in the London Array and Cirrus Array offshore wind farms as a navigation, radar and aviation development manager; Dunkirk as project manager for a Total and Shell Joint-Venture, and Libron for Compagnie du Vent (now GDF-Suez) and Shell.
Marco Caminiti General Manager ERS, Bristol - UK Marco is a certified Project Management Professional (PMP) with more than 11 years of experience working in wind energy industry, encompasses energy resource, planning/EIA, due diligence, technical lead for turbine selection/procurement, as well as repowering. Marco joined Wind Prospect in 2013 to lead the Energy Resource Services team, with staff in UK, Poland & South Africa. Before joining Wind Prospect Marco worked for two international consultancies (ERM and RWDI), and leading wind power developer RWE Npower Renewables. Marco’s team have recently conducted an independent review of Design Basis documentation for the Triton Knoll (900MW) and Neart na Gaoithe (450MW) offshore wind farms.
Sian Meath Senior Project Manager, Cape Town – SA Sian has 9 years of experience working extensively on onshore and offshore wind energy Projects. Sian’s experience spans the European wind industry managing high profile technical due diligence projects, including the first project financed offshore wind farms - Princess Amalia in Holland and Thornton Bank Phase 1 in Belgium. Based in Cape Town Sian provides technical due diligence services to the African wind industry, and is currently Lender’s Technical Advisor on four Round 1 South African wind farms under construction as well as Kinangop Wind Farm in Kenya. Previous roles include Offshore Wind Consultant at a leading wind advisory.
Julia Shaefer Senior Project Manager, Bristol – UK Julia is an Industrial Engineer with 7 years’ solid experience in the renewables industry. Core areas are due diligence, contract reviews and project management in wind, offshore wind, solar, biomass, and wave projects. Julia has been working for companies such as Mott MacDonald, OutSmart as well as her own company providing advice to international project in Europe including form many Lenders, Investors, ECA’s and Multilateral Credit Agencies.
Adelino Ferreira Senior Wind Consultant, Bristol – UK Adelino is an electrical engineer with more than 10 years of experience working in the wind energy industry. Adelino is specialised in technical due diligence, turbine supply and O&M contract negotiations, and turbine technology. Adelino has particular expertise in performance audits through SCADA data analysis and turbine inspections. Adelino can work in four languages; English, French, Portuguese and Spanish.
David Pullinger Project Manager, Bristol – UK David joined Wind Prospect in 2010 and has a background in mechanical engineering. He is responsible for research into wind trends and long-term wind data including presenting at industry conferences. David was the lead engineer on the independent review of the site conditions inputs to the Design Basis documentation for the Triton Knoll (900MW) and Neart na Gaoithe (450MW) offshore wind farms. He is currently responsible for clients with wind farms in South Africa, France, Mexico, new markets and offshore.
Hannah Wood Offshore Wind Consultant, Bristol - UK Hannah has worked in offshore wind from business development and market analysis to risk management coordination and general project management. She has worked on three offshore wind projects (Cape Wind, Butendiek and Courseulles-sur-Mer), which have given her a unique vantage on offshore wind development in three different markets.
Prior to working in offshore wind, Hannah served as a Project Manager for SRA International. She served Maryland Energy Administration and the US Department of Energy. Hannah managed the development, marketing and deployment of nation- and state-wide residential energy efficiency programs. Both programs received national awards during her management tenure.
Rob Mitchell Electrical Engineer Durham – UK Rob is one of the senior members of the electrical engineering team. He joined Wind Prospect in 2011 following four years at Senergy Econnect. He specilises in wind farm High Voltage switchgear and Grid Code compliance, having worked on a wide variety of onshore and offshore wind projects
Guangquan Xu Senior Geotechnical Engineer – Bristol UK
Design appraisal, assessment and independent analysis of foundations for compliance
with appropriate industry codes, standards and regulations for verification and
certification purposes.
Provide independent analysis and consultancy services on geotechnical engineering to
the offshore industry. Review and assessment of foundation design of; Race Bank
Offshore Wind Farm, Kentish Flats Extension Offshore Wind Farm, Troll Solutions
and BP West Sole Bravo platform, Jack-up interaction for the Endurance and
ConocoPhillips Vulcan RD platform
Ksenija Vucinic Senior Offshore Structural Specialist – Bristol UK
Design appraisal and verification of structures associated with offshore
Energy sector – platform jackets and topsides, wind turbine foundations.
Design verification of liquefied natural gas containers for import/export
LNG terminals.
Review and assessment of the Metocean data collated for the purpose of
structural design of offshore installations.
Neil Morgan Lead Geotechnical Engineer – Bristol UK
Offshore geotechnical engineer for Lloyd's Register performing review & independent analyses of foundations for fixed structures, moorings,
subsea structures and nearshore/onshore structures. Project experience
is worldwide for a wide variety of foundations and soil types. Also
worked in consultancy performing similar design work. Offshore
experience includes site investigation and pipeline construction as a client
witness/representative.
Team leader and Technical Authority for geotechnical engineering at Lloyd's Register. Responsible for a team of 6 engineers providing review
& independent analyses for all types of offshore foundations/ geotechnical
issues and nearshore/onshore structures and provide support for
research & development.
5 Selected Offshore Project List
Below is a list of selected offshore wind projects that WP has been involved with;
Wind Farm Client Country Role Year Total
MW
Neart na Gaoithe Lloyds Register UK Review of site conditions,
verification 2014 450
Triton Knoll Lloyds Register UK Review of site conditions,
verification 2014 900
Hong Kong Offshore China Light & Power China Development / Wind Resource
Assessment
2005-
2013 201
Various
Taiwan's Ministry of
Economic Affairs
(MOEA)
Taiwan Guidelines for offshore wind
development & risk mitigation
2010-
2013 3000
Race Bank Lloyds Register &
Centrica UK Wind Resource Assessment 2012 580
Race Bank Lloyds Register UK Review of site conditions,
verification 2012 580
Various Lloyds Register UK Guidance on offshore
certification 2012 n/a
Burbo Bank
EDF Energy
Renewables UK Development & Advisory
1999-
2007 90
Teesside EDF Energy
Renewables UK
Pre-construction Advisory, Civil
Engineering design, Electrical
engineering design
2009-
2010 62.1
Delaware Offshore NRG Energy United
States Advisory, Due Diligence 2009 240
Greater Gabbard Gaz de France UK Advisory, Due Diligence 2008 504
Sheringham Shoal Gaz de France UK Advisory, Due Diligence 2008 316.8
Ceara Alupar Brazil Advisory, feasibility 2008 200
Delaware Offshore Babcock & Brown United
States Advisory, Due Diligence 2007 600
Dunkirk Confidential France Advisory - 120
TOTAL 7843
A list of selected offshore wind projects that LR has been involved with;
Client Asset(s) Contract type Location Project
date
Energinet Convertor platform – Kriegers Flak Certification Denmark Start 2015
Statoil Hywind 2 Scotland Consultancy UK Start 2015
TenneT Converter platform – DolWin3 Inspection Germany
North sea Start 2015
TenneT
Converter platforms incl. land stations
BorWin1, BorWin2, HelWin1, HelWin2,
SylWin1, DolWin1
Consultancy Germany
North sea Start 2015
Statoil Hywind 2 Scotland Consultancy UK 2015
TenneT Converter platform BorWin3 Certification Germany
North sea
2014 -
present
Dong Energy Offshore wind framework Consultancy Europe 2014 -
present
SIEMENS AG Converter platform SylWin1 Inspection Germany
North sea 2014
SIEMENS AG Converter platform BorWin2 Inspection Germany
North sea 2014
SIEMENS AG Converter platform HelWin1 Inspection Germany
North sea 2014
Goldwind Science &
Technology Co. Ltd 6MW wind turbine Review China 2013 - 2014
East Anglia Offshore
Wind Ltd East Anglia One Windfarm Certification UK
2013 -
present
Mainstream
Renewable Power
Ltd
Neart na Gaoithe Offshore Windfarm Certification UK 2013 -
present
Ideol SA Floatgen Demonstration Concrete
Floating Wind Turbine Project Certification France
2013 -
present
Woodgroup
Mustang Ltd Efficient Offshore Wind Programme Certification UK 2013 - 2014
Alstom Grid /
Nordic Yards Converter platform DolWin 3 Consultancy Germany 2013 - 2014
RES West of Duddon Sands Metmast Certification UK 2012 - 2014
Forewind Dogger Bank Suction Bucket MetMasts Certification UK 2012 - 2013
Centrica Race Bank Windfarm Development Certification UK 2012 - 2013
Vattenfall Kentish Flats Extension Certification UK 2012
Centrica Lincs Windfarm Inspection UK 2012
RWE Npower
Renewables Triton Knoll MetMast Certification UK 2012
TenneT Converter platform – DolWin2 Inspection UAE 2012
ECEPDI Offshore Windfarm FEED study Consultancy China 2012
TenneT Converter platform – SylWin1 Inspection Germany
North sea 2011
TenneT Converter platform – SylWin1 Inspection Germany
North sea 2011
TenneT Converter platform – BorWin2 Inspection Germany
North sea 2011
Dalian Shipbuilding Wind Turbine Installation Vessel Consultancy UK / China 2011
Dong Energy London Array Consultancy UK 2011
Siemens Wind
Power Wind turbine
Consultancy
Analysis Denmark 2011
Lamprell Energy Wind Installation Vessel Consultancy
Analysis UAE 2011
A2SEA Wind Installation Vessel Consultancy
Analysis Denmark 2011
RWE Npower
Renewables Gwynt Y Mor Certification UK 2010 - 2013
Weserwind/EnBW Baltic 2 Inspection and
Verification
Germany,
Baltic sea 2010 - 2011
Statoil Hywind 2 Scotland Consultancy UK 2015
Statoil ASA Hywind Demo Consultancy Norway 2009-2011
Statoil ASA Sheringham Shoal wind park Consultancy UK 2009-2010
Siemens
Windpower 3.6 MW Offshore Wind Turbine Measurement UK 2009
Statoil ASA Hywind Demo Consultancy Norway 2009
Statoil ASA Hywind Demo (the worlds first floating
wind turbine) Analysis Norway 2009
Scira Offshore
Energy Ltd. Sheringham Shoal wind park Analysis UK 2009
Chalmers
Engineering Wind Installation Vessel
Consultancy
Analysis UAE 2008
And a selected list of Technical Advisor roles that WP has been involved with;
Windfarm Client Country Project Activity
Project Role Total MW
Various Oklahoma Gas & Electric
United States
Advisory Due diligence 2800
Bora Volkswind France Advisory Due diligence 2000
Middleton GE / TWE South Africa
Advisory Wind resource 1090
Paloma Sameole France Advisory Due diligence 1025
SFE portfolio Sorgenia (CIR Verbund)
France Advisory Due diligence 1000
Sameole Portfolio Sameole France Advisory Due diligence 1000
Volgograd Activity Russia Advisory Wind resource 1000
Eurocape Portfolio Mid-Europa Various Advisory Due diligence 1000
Bord Gais Tenaga Nasional Berhad
Ireland Advisory Due diligence 739.4
Romania GE Romania Advisory Due diligence 700
Delaware Offshore (2007)
Babcock & Brown
United States
Advisory Due diligence 600
BC Portfolio Wind Prospect Inc
Canada Advisory Wind resource 600
Triton Knoll Technical Support England Advisory Other consultancy 600
Race Bank Lloyds Register England Advisory Wind resource support 580
Skyline Portfolio CEE Poland Advisory Due diligence 562.5
Eole 76 portfolio Eole 76 France Advisory Due diligence 560
Greater Gabbard Gaz de France England Advisory Due diligence 504
Armenia portfolio Armaec UK Armenia Advisory Other consultancy 500
Ecoterra Portfolio Ecoterra France Advisory Due diligence 500
Indian Armaec UK India Advisory Due diligence 500
Kranjnik GE Poland Advisory Due diligence 500
NBT500 Malakoff Pakistan Advisory Due diligence, Other consultancy
499.5
Nowa Energia S.A. CEZ Poland Advisory Due diligence, Wind resource support
454
Neart na Gaoithe
England Advisory Other consultancy 450
Neart na Gaoithe Lloyds Register England Advisory Wind resource 450
Beaufort West GE South Africa
Advisory Wind resource 420
Hidden Valley EDP South Africa
Advisory Due diligence 420
Akuo Turkish Windfarm Portfolio
Akuo Energy Turkey Advisory Other consultancy 400
6 Typical Scope of Work
Below is a typical scope of work that we would expect for an LTA role, phase 1 – Pre-Financial
Close;
6.1 Wind Farm Technology, Design and Construction
We shall provide advisory services covering the wind farm technology, design and including
construction and covering review of the following:
Proposed Site and Wind Turbines
Review the adequacy of the proposed site for the construction and operation of the
Project;
Review the appropriateness of the selected wind turbine model;
Assess the manufacturer’s background, in general and with respect to the proposed
turbine model, and the adequateness of its industrial capacity with respect to the
proposed wind turbines, ancillary equipment, wind farm design and construction
timetable;
Review the turbine certification status;
Analyse the proposed turbine technical specifications, e.g. its power curve;
Review the proposed turbine’s operational track record;
Analyse past faults for the proposed turbine model and comment on remedies;
Review issues related to turbine operations in an offshore environment;
Assess reliability and availability performance in the context of an offshore wind farm;
Review the proposed remote-monitoring systems (SCADA).
Foundations / civil works
Review relevant geotechnical studies and other site investigations that have been
carried out;
Assess the adequacy of foundation design of the turbines;
Consider the appropriateness of the major construction equipment to be used.
EPC Contractual Arrangements
Assess the technical completeness of the scope of the EPC contracts;
Review the allocation of construction risks under the EPC contracts, identify the risks
supported by the Project and comment on possible mitigants to such risks;
Comment on the ability of the Contractors to meet in a timely manner their technical
obligations under the EPC agreements;
Analyse liquidated damage provisions and limits of liability in the event of performance
shortfalls;
Analyse warranty issues and warranty provisions (as may be provided by the O&M
Contractor);
Review potential exclusions of liability, e.g. in case of adverse weather or sea
conditions
Comment on the adequacy of proposed bonding arrangements;
Review the proposed project schedule, in particular with respect to the potential
impact of site access issues and the availability of transportation and erection
equipment;
Review interface management and subdivision of work between the Contractors and
the overall planning of work;
Review the measurement of project milestones;
Review the appropriateness of EPC payment arrangements;
Review contingency arrangements and allocation of responsibilities;
Construction cost and timetable assumptions
With regards to the capital cost and schedule assumptions:
Analyse the reasonableness of the proposed construction budget;
Analyse the reasonableness of the proposed construction timetable, particularly in light
of potential site access restrictions and interface issues;
Identify long lead items or time-sensitive tasks requiring specific equipment or input
and evaluate the adequateness of construction planning around such issues;
Assess the adequacy of contingencies in terms of both construction time and
construction costs;
Interconnection agreement
Review the technical adequacy of the proposed interconnection agreement;
Identify the tasks that are allocated to the Project Company and those that depend on
third parties such as the network operator.
Electrical interconnection
Assess the adequacy, reliability and availability of proposed connections to the grid,
both offshore and onshore;
Assess the adequateness of the interconnection in view of contractual arrangements
under the PPA or the Interconnection Agreement;
Review estimates of electrical line losses;
Review proposed maintenance procedures in light of potential access issues.
6.2 Environmental Issues and Permitting
We will provide advisory services covering the environmental managemet of the Project, the
technical aspects of the permitting and the to confirm compliance with the Equator Principles.
Environmental, social and safety impact
Review the Project’s compliance with local and EU environmental and safety
performance requirements;
Identify and comment on relevant environmental and social issues such as birds, ship
navigation, commercial fishing, etc;
Opine on the fulfilment by the Project of the requirements set under the Equator
Principles.
Permitting
In conjunction with the Lenders’ legal counsel, review licenses and construction &
environmental permits to confirm that the legislative and regulatory requirements for
construction and operation & maintenance of the Project are met;
Identify residual permitting risks and possible mitigants.
6.3 Operation and Maintenance
We shall opine on the reasonableness of projected operation & maintenance (“O&M”) costs
and will review the proposed Operation Maintenance and Warranty Agreement.
Availability assumptions
Assess the reasonableness of projected availability ratios for the Project, particularly in
light of potential site access and electrical interconnection issues. Identify the major
risks that could adversely impact projected availability ratios;
Describe typical downtime incidents for a wind turbine and the required maintenance,
with comments on the additional requirements for an offshore turbine and the
proposed preventive or corrective maintenance procedures.
O&M cost assumptions
Assess the reasonableness of projected O&M costs, both routine and non-routine;
Comment on possible variations in projected O&M costs and any potential mitigants;
Analyse the potential cost, frequency and downtime related to major outages, both
scheduled and forced;
Provide assistance to determine the reasonable size for a potential O&M reserve
and/or major maintenance reserve;
Analyse the potential impact of site access issues on O&M cost assumptions.
O&M contractual arrangements
Review the technical completeness of the proposed Operation and Maintenance
Agreement;
Review the allocation of risks under the O&M contract, identify the risks supported by
the Project and comment on possible mitigants to such risks;
Comment on the experience of the Operator in performing similar O&M obligations;
Comment on the availability of qualified personnel and equipment to perform the O&M
obligations;
Analyse the level and adequacy of performance and availability warranties.
Decommissioning costs
Review estimates of decommissioning costs;
Advise on the potential need for a decommissioning reserve account gradually built up
during the term of the financing.
6.4 Sources of Revenues and Financial Model
We will be required to analyse the Project’s sources of revenues using the energy production
assumptions provided wind resource and energy yield task.
Power Purchase Agreement
We shall complete a technical review of the proposed Power Purchase Agreement (PPA) with
a focus on the following:
Review the various sources of revenues under the PPA;
Identify and comment on the risks borne by the Project under the PPA;
Assist in reviewing any technical aspects linked to the public subsidy.
We shall review the technical assumptions of the financial model prepared by the Bank
including:
Wind farm availability;
Energy production;
Sources of revenues;
Availability and performance assumptions;
Construction costs including levels of contingencies;
O&M costs including levels of contingencies;
Decommissioning costs
In addition, we shall propose suitable sensitivities for the technical inputs.
Contacts;
Advisory and ERS [email protected]
Advisory Services [email protected]
Energy Resource Services [email protected]
Nevis Environmental [email protected]
Construction [email protected]
Asset Management [email protected]
Development Services [email protected]
Business Development [email protected]