That is why. April 24, 2008

Transcription

1 That is why Page 1

2 Our Vision: Wind, Oil and Gas Page 2

3 Our Product R&D and manufacture Assembly and testing Sales and planning Transport Installation Maintenance A 100% focused value chain Producing turbines that use wind energy to generate electricity Page 3

4 Vestas has the world s widest serial-produced turbine range kw V kw 1.5 MW V MW 2.0 MW V MW V MW V MW V MW 3.0 MW V MW Page 4 V MW, Germany

5 Vestas V MW Turbine Track Record ( ) Year Ultimo V MW (Years) in operation up till Ult Hz Onshore Units 50 Hz Offshore Units 60 Hz Onshore Units V90 total * Page 5 Total (570 years)

6 Vestas Manufacturing Facilities Page 6

7 Vestas Wind Systems A/S

8 Group Structure Vestas Wind Systems A/S CEO/CFO Corporate functions Vestas Nacelles Vestas Asia Pacific Vestas Blades Vestas Americas Vestas Towers Vestas Central Europe Vestas Control Systems Vestas Mediterranean Vestas Technology Vestas Northern Europe Vestas People & Culture Vestas Offshore Page 8

9 Growing Sales MW Page 9

10 Growing revenue REVENUE, MILLION EURO Page 10

11 Ramping up our Human Resources EMPLOYEES Page 11

12 World Market Shares 2006 Top-10 Suppliers in 2006 % of the total market 15,016 MW GAMESA (ES) 15.6% GE WIND (US) 15.5% ENERCON (GE) 15.4% SUZLON (Ind) 7.7% VESTAS (DK) 28.2% Source: BTM Consult ApS - March 2007 Others 4.6% SIEMENS (DK) 7.3% NORDEX (GE) 3.4% REPOWER (GE) 3.2% A CCIONA (ES) GOLDWIND (PRC) 2.8% 2.8% Page 12

13 Vestas Offshore A/S

14 Vestas Offshore Structure Page 14

15 Examples of Vestas Offshore Projects Page 15

16 Offshore Projects Worldwide Page 16

17 Offshore Windpark Q7 Q7-WP Project in Dutch part of the North Sea; 24 km from shore Contract with Vestas signed in June x V MW (80 m rotor diameter) Offshore version 59 m hub height (distance from rotor centre water level) Page 17

18 The Client Offshore Windpark Q7 B.V. Consortium of: ENECO (a Dutch utility) E-Concern (a Dutch project development, consultancy and investment firm) Page 18

19 Offshore Windpark Q7 60 WTG s erected Expected completion within Time For Completion this summer Have had obstacles underway (which has been handled) Page 19

20 Robin Rigg Offshore Wind Farm Page 20

21 Robin Rigg Offshore Wind Farm Customer: E.ON UK 13.5 km of the coast of Cumbria, England and 9 km off the coast of Dumfries and Galloway, Scotland 4 13 meter water depth Average wind speed 9,3 m/s Annual Revenue 555 GWh Time Schedule Installation of turbines: Summer 2008 Commissioning: Winter TOC: March 2009 Page 21

22 Robin Rigg Offshore Wind Farms Split contract Vestas scope 60 V90 3.0MW turbines Installation of turbines 5 Year Operation of Wind Farm BOP scope 2 Offshore HV stations Export and inter array cables Monopile foundation with transition piece Page 22

23 The Project

24 Execution strategy No accidents Minimum effect on the environment With high quality and conformity to requirements On time Within budget Apply all lessons learned Page 24

25 Safety First Full time H&S manager on site Project specific H&S manuals for each project Site inductions and awareness training for all staff to work on site Method statements and risk assessment for all operations on site Lifting plans for all lifts Toolbox talks before each operation Incident reporting and subsequent follow up Site Inspections and Audits Daily safety walks Additional training of personnel, as required Page 25

26 Procurement Small Suppliers Onshore Civil Work Transport Local services Local infrastructure Insurance companies Engineering services Management services and many more. General: Local presence Local personnel Experience/Track record Flexible/Cooperative Innovative Page 26

27 Overview of suppliers on shore Road transport Cranes big Cranes small Forklifts, cherrypickers etc Container Waste Blacksmith Hydraulic Service Hotel, board and lodge Appartments Catering on site Transport of WTG part, containers etc. Lifting of WTG parts, pre-assembly Lifting of WTG parts, pre-assembly Lifting of small item spar part, container Office village Waste container Service & repair of hydraulic tools For management staff Kitchen + lunches on board Rental kitchenequipment Watercoolers Page 27

28 Overview of suppliers on shore Road transport Transport of WTG part, containers etc. Car rent Transport of staff / service engineer / fitters Hardware store Tools bought locally Petrol station Diesel generators on site Civil consultancy Design, of site, foundation for pre-assembly Civil engineer Set-up of onside area (harbour), road construction, Manpower Support of fitters / service engineer Office consumption Paper, copy machines etc. Taxi Page 28

29 Overview of suppliers for Offshore activity Installation vessel for Installation of WTG parts Crew vessel for Transport of crew/fitters form shore to Offshore Windfarm Page 29

30 Selection of Sub contractors Contracts based on tenders Contractor selected based on: Quality and completeness of tender Track record in HSE and QA/QC Track record in construction Track record in the business Price Time schedule Quality and commitment of senior / executive management Page 30

31 Questions? Page 31 Picture taken of Vattenfall