Presentation Meeting 4 ENERTRAG Company

IDEAS. SOLUTIONS. ENERGY.ENERTRAG AG Phone +49 (39854) 6459-0Gut Dauerthal Fax +49 (39854) 6459-42017291 Dauerthal E-mail enertrag@enertrag.com www.enertrag.com www.enertrag.comGermany1102GARTRENE©| VEM,KCOTSRETTUHS,AILOTOF,GARTRENE:segamI| SNOITALSNARTLAINEG:noitalsnarT| RUTNEGAEBREWTAMROF:ngiseDTURNING WIND INTO ENERGYAND IDEAS INTO REALITY.JOIN US IN CREATING A SECUREENERGY FUTURE.WE HAVE THE POWER.2 | ENERTRAG WIND POWER ENERTRAG WIND POWER | 3Renewable. Reliable.Economical.Generating energy naturally.Dear readers,For centuries we have known that energy can they are energy stores – they are exhaustible and we potential needs to be constructed in Germany in order to meet theneither be created nor destroyed – and yet, we humans can only use them by destroying their contribution to energy policy goals for 2020 set forth by the government for thehave persistently behaved as if endless sources of the overall balance. expansion of green energy. This presents a great challenge. As theenergy existed along with places to store the wastes best developed and cheapest renewable energy source, wind powercreated by their use. Neither of these assumptions is must be substantially expanded and linked to long-existing storageIn response to this dilemma, Germany embarked upontrue. Instead, our world is a unique balance of energy technologies. Thanks to the expertise and dedication of our employ-a course twenty years ago that has since been pursuedand material flows, and we owe our existence to them. ees, as well as our experience in developing, financing, constructing,around the world: safeguarding a strong industrial baseoperating and maintaining more than 1,000 wind turbines, we arethrough the use of renewable energy. We at E NERTRAGmaking a contribution to a secure energy future.Preserving and restoring this balance is precisely the have been committed to this path from the very begin-goal of our company: The sun provides us with an abun- ning, for we know that ultimately, there are no fos-dance, either directly or through wind and water power. sil or alternative energy sources: we “only” have the I invite you to accompany us on the journey ahead.By human measures, only the sun truly deserves to be enormous power of our sun. And we understand howdesignated as an “energy source”. this renewable energy can be utilised economically and Yours truly,reliably. Jörg MüllerManaging DirectorAll fossil fuels, including oil, natural gas, coal and ura-nium, do not constitute true energy sources, but rather, More than 3,000 megawatts of domestic wind energy4 | ENERTRAG FOREWORD ENERTRAG FOREWORD | 5ENERTRAG ENERTRAG ENERTRAGEnergieprojekte Systemtechnik EnergiedienstProject planning from conception Energy facility components Monitoring and operationOur businessto operational approval and lighting systems of energy facilitiesis energy.ENERTRAG ENERTRAG ENERTRAGEnergiebau Service PowersystemConstruction of energy Installation and maintenance of Operational managementprojects and power networks energy facilities software for energy facilitiesENERTRAG ENERTRAG ENERTRAGStructured Finance EnergieInvest EnergieZinsFinancing for Investment funds and Fixed-interest bonds andenergy projects asset management issuance of securitiesWith ground-breaking products and more than 1,000 This is reflected in our services and products:wind turbines under management, ENERTRAG is one of Our operational management division, which providesthe market leaders in the wind-power industry. ENERTRAG Service has a maintenance strategy that boosts round-the-clock monitoring services, is a leader in facilityplant availability. management that optimises availability.ENERTRAG primarily generates electricity from wind. Weplan, finance, construct, operate and maintain energy Our European-wide project development activities pro- PowerSystem, ENERTRAG’s operational management soft-facilities with the goal of generating energy inexpen- mote the expansion of renewable energy and the growth ware, optimises data collection, operational analysis andsively and safely. Our planning, construction, and R&D of the company. invoicing.Turbines constructed 460projects aim to make renewable energy a power sourceSupervised facilities 1,000that is just as secure and reliable as conventional power ENERTRAG EnergieInvest provides opportunities for invest- Our company headquarters is located in the Uckermark re-Annual revenues in million €250 millionfacilities. Alongside our core business activities in the Employees 430 ment in funds, bonds and profit-sharing rights, enabling gion of the German state of Brandenburg. Here, ENERTRAGarea of wind power, ENERTRAG constructs electricity Trainees 16 active participation in the successful development of wind is fully involved in regional development. ENERTRAG branchnetworks, biogas plants and energy storage facilities. High & medium voltage power lines 560 km energy. offices are located in Saxony-Anhalt, Schleswig-Holstein,Through these activities, ENERTRAG has developed into Total physical asset investments €1.1 billion Berlin, France and the UK. Moreover, ENERTRAG is active inan innovative and path-breaking company. Installed generating capacity 760 Turbine lighting systems by ENERTRAG Systemtechnik Poland, Bulgaria and Belarus.promote on-site acceptance.6 | ENERTRAG COMPANY PROFILE ENERTRAG COMPANY PROFILE | 7Investment in the futureENERTRAG is one of the leading project developers for power plants that use renew-able energy. Our expertise in wind power, grid facilities and biogas is concentrated at our Werner DiwaldNational and headquarters in Dauerthal, Germany. By leveraging the many years of experience held by Executive Board Memberour employees, we are able to skillfully and efficiently realise complex projects. ENERTRAG Gut Dauerthal | 17291 Dauerthalpursues a strategy of regional focus, making it possible for us to establish local points of Phone +49 (39854) 6459-0international projects.emphasis and build enduring relationships with the regions in which we are active. werner.diwald@enertrag.comUKBELARUSGERMANY: Based upon its regional strategy, ENERTRAG has FRANCE: ENERTRAG operates seven wind farms in FrancePOLANDsuccessfully built and placed into operation 600 MW of renew- with 39 wind turbines that produce 70 MW of power. Ad-GERMANYable energy facilities in northern Brandenburg alone. Branden- ditional wind farms are currently in the advanced planningburg is also the home of our first feeder network, which uses stage.a wind power collector to directly feed into the integratedpower grid. Furthermore, we are successfully engaged in the POLAND: Here, ENERTRAG is active in three regions nearFRANCEGerman states of Mecklenburg-Vorpommern, Saxony-Anhalt the Baltic Sea coast in northern and northwestern Poland. Inand Lower Saxony. By collaborating with town councillors, addition to investments in wind power in this area, plans arecommunity representatives and local residents, ENERTRAG en- under way to build company-own feeder networks that con-sures the public acceptance that is necessary for wind power, nect to Europe’s high-voltage network.and remains continuously involved in the region – even afterproject completion. BULGARIA: In the Dobrish region on the Black Sea coast, ourBULGARIABulgarian team is making plans for new wind parks. The re-UNITED KINGDOM: ENERTRAG successfully completed the gion has the potential for the installation of more than 1,000construction of a wind park with eight turbines in North MW in generating capacity.Pickenham and has operated the turbines since 2006. Eightadditional wind farms are in the planning stage for Scotland; BELARUS: Here, ENERTRAG has concluded a contract for theprojects in England’s northern neighbour will contribute signifi- construction of up to 80 wind turbines with a total generatingcantly to supplying the United Kingdom with power. capacity of 160 MW; construction will take place in stages.8 | ENERTRAG PROJECTS ENERTRAG PROJECTS | 9Personalised serviceENERTRAG Service offers a full range of services related to windenergy that are custom-designed to meet the exacting expectationsAs unique asof our customers. Our first priority is the needs of the operator. Weguarantee transparency and a direct link to your energy facilities. Jörg WinterWith around 1,000 wind turbines under management and 140 Managing Directorour clients.employees at more than 20 sites in Germany, Austria and France, ENERTRAG Service GmbHENERTRAG Service is one of the largest manufacturer-independent Gut Dauerthal | 17291 Dauerthalservice providers. As a part of ENERTRAG, we are also responsible Phone +49 (1805) 36378724for maintaining the company’s own turbines, which number 460. service@enertrag.comENERTRAG Service began operations in 2000 with its first Information management: Service Taskforce: GE, Fuhrländer, Repower, Eviag and Micon/NEG-Micon.monitoring centre and its own service personnel, and was Supervised facilities are monitored using our own Power facilities are optimally supervised through the We have all necessary replacement parts for these types ofsignificantly expanded through its merger with the service ENERTRAG PowerSystem operational management soft- international presence of service teams in Germany, Austria turbines on stock at our own warehouses. Using a networkeddivision of the manufacturer DeWind in 2005 as well as the ware. With this permanent, automatic monitoring system, and France, an emergency service network and regional material logistics system, we can rapidly and reliably supplywind service company SAG Erwin Peters GmbH in 2008. The we can recognize problems early on and prevent facility team coordination. The range of services provided cov- our approx. 20 warehouse sites.firm has many years of operating expertise, broad experi- downtimes, thus avoiding losses in production and ex- ers all aspects of maintenance, and is supplemented byence in manufacturer-independent service along with the pensive consequential damages. ENERTRAG PowerSystem special services, such as major component replacement, Engineering know-how:experience of a manufacturer. This combination is unique is operated around the clock from the Dauerthal control installation and de-installation. In addition, we can perform The service teams and control centre are supported by ourin the wind energy sector. The company’s service portfolio centre. All data and status reports are made available to the blade maintenance, installation and repair for wind energy internal technical support team. Specialists for condition moni-is consistently directed toward optimising production at client at a password-protected online portal. turbines of all types. toring systems (CMS), inverters and controls are available atsupervised facilities. In order to meet the individual needs all times to perform system components analysis at the facili-of our clients, we have developed a building block system Replacement parts management: ties and thus assure rapid and efficient repair of malfunctions.that consists of four elements. ENERTRAG Service offers all services for wind turbines Altogether, we can rely upon a total more than 1,000 turbinemanufactured by DeWind, Nordex/Südwind, Tacke/Enron/ operating years of experience.10 | ENERTRAG SERVICE ENERTRAG SERVICE | 11Operational managementIn the generation of electricity from renewable sources, value creation Johannes HeidkampEfficiency coupled with expertise. occurs as a result of an interplay between technical expertise, many Managing Directoryears of experience, highly qualified and committed employees, and ENERTRAG Service GmbHoperator proximity. For over 15 years, ENERTRAG has provided technical Gut Dauerthal | 17291 Dauerthaland commercial operations management for wind parks planned by our Phone +49 (1805) 36378724own group of companies and for external operators throughout Europe. service@enertrag.comENERTRAG Wind PowerOur core goals are:• preventing stoppages,• safeguarding high levels of availability,• assuring seamless operation of power plants andsubstations,• achieving an extended operational life through conditionmonitoring and preventive measures that maintain thevalue of the power plant.We achieve these goals by maintaining direct connectivitywith the facilities, which are monitored round-the-clock by acontrol centre.The gathering of comprehensive technical and commercialoperating data are prerequisite for sound management andfor making future project decisions. To obtain such data, wedeveloped the ENERTRAG PowerSystem software solution,which has been custom-designed to meet the needs ofrenewable energy plant operators. Our operational manage-ment services look after all technical matters and assureconformity to all deadlines and regulations, as well as thecorrection of any deficiencies.We organise all necessary maintenance and servicing proce-dures and supervise their proper implementation. Monthlyreports provide all relevant data in an understandableformat for operators, investors and banks.12 | ENERTRAG OPERATIONAL MANAGEMENT ENERTRAG OPERATIONAL MANAGEMENT | 13PowerSystemWould you like to get more output from your energy systems using a stan- Stefan BruneSmart and innovative.dardised IT system specially developed for energy facility operators? Are you pre- Sales Directorparing to directly sell your wind energy output? Are you planning to switch over ENERTRAG PowerSystemto automatic account settlement with network operators and power generators Gut Dauerthal | 17291 Dauerthalwho sell their energy directly? Take advantage of our many years of operational Phone +49 (39854) 6459-0management experience with more than 1,000 wind turbines. stefan.brune@enertrag.comWe look forward to hearing from you.ENERTRAG PowerSystemOnce a minute, the module automatically collects op-With performance reporting, you get an evaluation ac- generators who directly sell their power to the grid. It alsoerational and status data from your energy systems andcurate to the day or month of generation output at one or calculates the proper income distribution for the variousPowerSystem is a smart and innovative software applica- transmits them to a central database. All malfunctions even several power facilities; this feature is available at operators. Fifteen qualified experts are constantly improv-tion for getting more output from your energy systems. are immediately reported to control centre staff so they any time over the internet. The “wind yield” module can do ing this comprehensive IT tool with the goal of allowingThis standardised IT solution is specially designed to can address the problem without delay. The system everything from the remote reading of transformer station renewable energy systems to be professionally operatedserve the specific management and direct sales needs of creates a reliable database for availability analyses. This meters to the automatic invoicing of electricity customers. as power plants that are just as reliable as conventionalenergy facility operators. PowerSystem is a product of our means you can monitor servicing speed, component In addition, the PowerSystem solution prepares invoicing energy facilities. The PowerSystem solution helps tomany years of operational management experience with service life, output losses due to reduced power opera- data for each facility on a monthly basis for renewable- make red tape and manual documentation a problem ofmore than 1,000 wind turbines. tion, the consequences of specific malfunctions and energy subsidy accounting and the settling of accounts with the past.much more.14 | ENERTRAG POWERSYSTEM ENERTRAG POWERSYSTEM | 15ENERTRAGThe innovative hybridENERTRAG’s hybrid power plant proves in practice that a se- Alongside use in electricity production, hydrogen can becure and sustainable supply of energy based on renewable sold directly as a carbon-free energy source for industry andpower plant sources is a real and viable option for the future. transportation. The wide-scale implementation of ENERTRAG’shybrid power plant would create an additional extraordinarilyThis power plant stores carbon-neutral energy as hydrogen attractive market for selling wind energy with massive poten-Wind power hits the road. with the help of wind power. This allows demand for en- tial for growth.ergy to be met regardless of how much renewable energyis being produced at a particular time. The first step neces- ENERTRAG signed a cooperation agreement with Totalsary for adoption is to refine load predictions – an essential Deutschland GmbH, Deutsche Bahn Energie GmbH and Vatten-tool for managing the power grid – so that discrepancies fall Europe Innovation GmbH to conduct experimental researchbetween actual electricity production and the demand for on the technical requirements and production costs of windelectricity can be reduced to a minimum. hydrogen. The technological solution developed by ENERTRAGopens the door for the sustainable, efficient and cost-effectiverestructuring of the energy economy.Power grid Three wind Hydrogenturbines productionElectricity ElectricityHydrogenTwo CHP plantsHydrogenstorageVariableElectricity mixture HydrogenMixing valveHydrogenHeat BiogasService stationDistrict heatingBiogas storage18 | ENERTRAG INNOVATIVE HYBRID POWER PLANT ENERTRAG INNOVATIVE HYBRID POWER PLANT | 19The innovativeWhether it’s wind power, biogas, heat power or entire high-voltage grids, Matthias KönigENERTRAG is an expert in building systems that tap renewable energies. From Executive Board Memberfeeder networkassessing and finalizing planning documents, technical engineering for planning ENERTRAG AGand project development, to tendering, contracting, order processing and commis- Gut Dauerthal | 17291 Dauerthalsioning: we manage your project from beginning to end. Contact us to learn more. Phone +49 (39854) 6459-0Supplying consumers directly. matthias.koenig@enertrag.comENERTRAG EnergiebauWhile other companies drill and mine, ENERTRAG is building Transformer stations as well as 560 kilometres of high- andintelligent systems for producing and distributing renewable medium-voltage underground cables connect the networkenergy. Over the years, our company has developed superb to the European high-voltage grid. Intelligent, cutting-edgeexpertise in the area of renewable energy. We intimately technologies with control and regulation features and tempera-know our industry and have played a role in shaping its ture monitoring are integrated into the network. That guaran-development. The 460 wind turbines built by ENERTRAG tees electricity takes a direct route to consumers. The feederto date store most of the clean energy they produce in an network supports a networked power plant – the first ever ofunderground feeder network for renewable energy built its kind ever. So far 32 million euros have been invested in thisand operated by our company. network. ENERTRAG possesses the necessary internal resourcesfor planning and building grid connection facilities. That en-sures fast, effective and scalable grid connectivity.20 | ENERTRAG INNOVATIVE FEEDER NETWORK ENERTRAG INNOVATIVE FEEDER NETWORK | 21InvestingLow risk, high yield.ENERTRAG EnergieInvest ENERTRAG Structured FinanceENERTRAGENERTRAG EnergieZinsEnergieInvest GmbHIn order to develop and implement new projects on the We develop and manage assets you can reach out and ENERTRAG Structured Finance offers specialised financial services Gut Dauerthal | D-17291 DauerthalTelephone +49 (800) 0363787path to a sustainable energy future, large investments are touch, and also offer a highly transparent product: our for the energy market. We have years of experience success-required in our technological and human resources. In 1998 green investments promise opportunities for returns and fully structuring project financing in Europe. Our financial expertsENERTRAG began developing and brokering investments in make an addition to your portfolio with lasting value – and provide for the assessment and structuring of cash flows, theENERTRAGclosed funds and interest-bearing securities. Today these one that’s independent from other investments. evaluation of projects, the securing of credit for the optimal rais-EnergieZins GmbHproducts are developed and offered by ENERTRAG Energie- ing of capital, and liquidity management.Invest. Our full service range covers product development, consult- Gut Dauerthal | D-17291 Dauerthaling and sales for investment products as well as compre- By focussing on our core competencies – financial structuring, Telephone +49 (800) 0001168ENERTRAG EnergieZins (“Energy Interest”) was also created hensive investor support. On behalf of our operators we due diligence and investor acquisition – we’ve gained decisiveas a brand for the brokerage of profit-sharing rights and manage a total of 500 million euros, representing 5,200 competitive advantages in recent years in the renewable energybonds sold to finance energy systems. To attract investors investors and ownership stakes in a total of 18 closed wind project financing market. ENERTRAGand serve their needs, we have developed intelligent in- energy funds. In addition, we manage interest rate products Structured Finance AGvestment products in the wind energy branch with a range for around 2,000 investors, with a total of 34 million eurosGut Dauerthal | D-17291 Dauerthalof maturities and conditions. in invested capital. Telephone +49 (39854) 6459-022 | ENERTRAG INVESTMENTS ENERTRAG INVESTMENTS | 23Our vision for the futureBuild value. Strengthen our position.Across the globe, the energy market is facing huge chal- System integration of renewable energies: Changing energy infrastructure usage: Further development of renewable energy:lenges. After decades of low-cost growth driven by fossil Reliably satisfying all demand with renewable energy The existing gas network could also carry vast quantities of Exploiting domestic carbon-neutral resources can guaran-fuels, the heyday of these resources is now drawing to a means introducing new regional long-term storage facili- renewable energy and deliver it where required. ENERTRAG tee reliable energy supplies, ensure stable and affordableclose. Step by step, renewable energies are replacing the ties that can be used at any time to flexibly supply power. views gas feeders as an area with enormous potential. prices, create new supply chains and provide secure, highlycarbon-based energy economy. This shift is affecting every ENERTRAG will continue to expand its commitment to the qualified jobs. ENERTRAG is pursuing a sustainable growtharea of the energy industry with equal force: electricity, hydrogen industry. Giving renewable energy priority: policy to effectively take advantage of these opportunities.heating and transportation. ENERTRAG is already success- The transition to a new energy economy will only be suc-fully active in all of these sectors. Given the world’s goals Optimisation of the power grid: cessful if renewable energy is expanded in combination ENERTRAG’s commitment to a secure energy future isfor climate protection, today we face clear energy policy Reducing energy consumption and increasing energy with an effort to overcome our reliance on conventional turning ideas into reality and making wind power an es-challenges. As a company, we’re taking on these challenges efficiency can reduce grid expansion costs. Among the power plants and current market structures. ENERTRAG is sential component of our energy economy. We’re dedi-with an innovative, forward-looking, respectful and respon- improvements required, a top priority is that the European committed to cooperating with the energy industry, policy cated to meeting the challenge of building reliable, cleansible approach. high-voltage grid be able to draw as needed from various makers and the public sector to develop a far-sighted legal and affordable energy systems – both today and for futuredecentralised renewable-energy feeder networks. framework based on the further strengthening of Germa- generations.ENERTRAG now operates the largest feeder network in ny’s already successful Renewable Energy Act.Germany in the state of Brandenburg.24 | ENERTRAG‘S VISION FOR THE FUTURE ENERTRAG‘S VISION FOR THE FUTURE | 25ENERTRAG –DEDICATED TO RELIABLEGREEN ENERGY AND HIGHYIELDS.26 | THE ENERTRAG GROUP THE ENERTRAG GROUP | 27