1272987247 403
Mathew Clayton Renewable Energy Investment Triodos Bank
Financing
for the renewables sector Matthew Clayton
11 November 2009
Triodos support for Renewable Projects Triodos Bank N.V.
Triodos Renewables PLC
Debt and business banking for renewable projects and sustainable businesses.
Equity investment into Renewable Energy projects.
•€4bn Funds under management •Financing Renewables since 1986 •Technologies include Wind, Hydro, Solar, Anaerobic Digestion and commercial composting. •100kW to 20MW projects •650 Renewable Projects across Europe, 35 Projects in UK. •Lending £220m in the UK •Financial Times ‘Sustainable Bank of the year 2009’
•4000 shareholders •Owns and operates 5 renewable projects, currently constructing additional 2. •Joint ventures/joint developments with number of renewable project developers. •1 to 50MW projects. •Shares in Marine Current Turbines. •Triodos Investment Management manages in excess of €250m allocated to renewable energy.
EIS Green Fund Investment into sustainable companies based in the UK with compelling growth potential. •EIS qualifying companies, sub 50 employees, and sub £8m net worth. •Investment of between £350k and £1m. •Holds shares in Renewable Energy Companies.
Triodos Renewables operating projects Current portfolio: • 23.5 MW capacity • 4 wind farms • 1 hydroelectric
New and future assets: • Wern Ddu 9.2 MW wind farm expected commissioning mid 2010 • Kessingland option to buy 5 MW wind farm • Total new portfolio 37.7MW
Investment appetite Project Status Site selection
Feasibility & Land Option
Planning submission & grid application
Planning consent & grid connection offer
Procurement
Financial Close
Constructi on
Potential Investors Venture Capital
Specialist Equity Funds and Renewable Companies
Bank Debt
Operation
Challenges • • • •
Euro Power pricing Capital equipment supply/terms Access to debt
Exchange rate • 20% movement in the value of the £ against the € has big impact on project CAPEX.
Source: www.bbc.co.uk
UK Power Prices
Bundled Electricty Sales Price 100 90 80
£/MWh
70 60 50 40
ROC recycle LEC ROC Power
30 20 10 0
Source:www.icis.com/heren
Capital Equipment • • • • •
Proven technology Turnkey delivery Warranty Availability Terms
Access to debt • Source • View of the market • Terms
Matthew Clayton Triodos Renewables Tel: 0117 973 9339 [email protected] This presentation is issued by Triodos Renewables* Registered office: Brunel House, 11 The Promenade, Bristol BS8 3NN. It has been approved by Triodos Bank NV for the purposes of Section 21 of the Financial Services and Markets Act 2000. Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business. Registered office: Brunel House, 11 The Promenade, Bristol BS8 3NN *Triodos Renewables is a trading name of the Triodos Renewable plc
Renewable Futures 2009: Power for Growth Day 2 Access to capital
Financing
for the renewables sector Matthew Clayton
11 November 2009
Triodos support for Renewable Projects Triodos Bank N.V.
Triodos Renewables PLC
Debt and business banking for renewable projects and sustainable businesses.
Equity investment into Renewable Energy projects.
•€4bn Funds under management •Financing Renewables since 1986 •Technologies include Wind, Hydro, Solar, Anaerobic Digestion and commercial composting. •100kW to 20MW projects •650 Renewable Projects across Europe, 35 Projects in UK. •Lending £220m in the UK •Financial Times ‘Sustainable Bank of the year 2009’
•4000 shareholders •Owns and operates 5 renewable projects, currently constructing additional 2. •Joint ventures/joint developments with number of renewable project developers. •1 to 50MW projects. •Shares in Marine Current Turbines. •Triodos Investment Management manages in excess of €250m allocated to renewable energy.
EIS Green Fund Investment into sustainable companies based in the UK with compelling growth potential. •EIS qualifying companies, sub 50 employees, and sub £8m net worth. •Investment of between £350k and £1m. •Holds shares in Renewable Energy Companies.
Triodos Renewables operating projects Current portfolio: • 23.5 MW capacity • 4 wind farms • 1 hydroelectric
New and future assets: • Wern Ddu 9.2 MW wind farm expected commissioning mid 2010 • Kessingland option to buy 5 MW wind farm • Total new portfolio 37.7MW
Investment appetite Project Status Site selection
Feasibility & Land Option
Planning submission & grid application
Planning consent & grid connection offer
Procurement
Financial Close
Constructi on
Potential Investors Venture Capital
Specialist Equity Funds and Renewable Companies
Bank Debt
Operation
Challenges • • • •
Euro Power pricing Capital equipment supply/terms Access to debt
Exchange rate • 20% movement in the value of the £ against the € has big impact on project CAPEX.
Source: www.bbc.co.uk
UK Power Prices
Bundled Electricty Sales Price 100 90 80
£/MWh
70 60 50 40
ROC recycle LEC ROC Power
30 20 10 0
Source:www.icis.com/heren
Capital Equipment • • • • •
Proven technology Turnkey delivery Warranty Availability Terms
Access to debt • Source • View of the market • Terms
Matthew Clayton Triodos Renewables Tel: 0117 973 9339 [email protected] This presentation is issued by Triodos Renewables* Registered office: Brunel House, 11 The Promenade, Bristol BS8 3NN. It has been approved by Triodos Bank NV for the purposes of Section 21 of the Financial Services and Markets Act 2000. Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business. Registered office: Brunel House, 11 The Promenade, Bristol BS8 3NN *Triodos Renewables is a trading name of the Triodos Renewable plc
Renewable Futures 2009: Power for Growth Day 2 Access to capital
