Masdar Power invests in renewable energy projects globally, focusing on solar including utility-scale photovoltaic and concentrating solar power, and wind including onshore and offshore. Their business model involves originating, developing, financing, constructing and operating projects. For solar, they have invested in the Shams 1 CSP plant in Abu Dhabi and partnered with Torresol for CSP plants in Spain. For wind, they have a 20% stake in the London Array offshore wind farm project in the UK and have invested in WinWind, a wind turbine technology company with facilities in Finland and India.
2. Masdar Power Business Model
? What we do
-Building a portfolio of renewable energy operating assets and making
strategic tech investments
? Focus
-Solar: Utility scale photovoltaic and concentrating solar power
-Wind: Onshore and Offshore wind farms
-Technology investment in Wind and CSP
-Stable and profitable markets such as the UAE and MENA region as well
as the UK, Italy and the US
? Business Model
-Originate, develop, finance, construct and operate through project
development and direct project investment
-Developing strategic partnerships
3. Solar Investments - UAE
? Abu Dhabi is committed to a 7% target of renewable power capacity
by 2020, which is 1,500 MW, mostly from solar
? Masdar is investing in utility scale Concentrating Solar Power (CSP)
and PV projects
? CSP is a dispatchable renewable energy source and key to achieving
a large part of the target
? Shams 1 is the first CSP plant using parabolic trough technology in
Abu Dhabi. Masdar will own 60%, a foreign shareholder the
remaining 40%
4. Solar Investments - UAE
? SHAMS 1
Location:
Madinat Zayed,
Abu Dhabi
Capacity: 100 MW
Power generation: 210 GWH/a
Start of operation: 2012
Plant footprint: 2.5 km2
5. Solar Investments ¨C Torresol
? Torresol is a Joint Venture between the Spanish group Sener and Masdar.
The company develops, builds, owns and operates Concentrated Solar
Power (CSP) plants
? Technology Focus: Focuses on Tower and Parabolic Trough technologies;
all projects have storage capacity
? Markets: Torresol is currently building 3 plants in Spain (Fully project
financed and EPC contracted), and is currently looking at opportunities in the
Middle East, North Africa and North America
6. Solar Investments ¨C Torresol
? Projects
PLANT TECHNOLOGY LOCATION CAPACITY (MW) PRODUCTION (GWH)
Gemasolar Central tower Spain 17.5 ~100
Valle 1&2 Parabolic trough Spain 2 x 50 ~2 x 175
7. Wind Investments ¨C London Array
? Offshore wind is the fastest growing
renewable energy sector with potential for
30 GW by 2020
? Located in the Outer Thames Estuary,
close to London (UK)
? Will be the largest Offshore Wind Farm in
the World, with a first Phase of 630 MW
(1,000 MW consented)
? Phase 1 will use 175 Siemens 3.6 MW
wind turbines
Ramsgate
8. Wind Investments ¨C London Array
? Masdar Power is partnering with the leading
Offshore Wind developers:
-E.ON: 54,000MW of installed generation capacity
including 2,000MW of wind
-Dong: Number 1 offshore wind developer (330MW
operating,
1,200 MW in development)
? Masdar owns 20% of the Project
? Phase 1 project costs estimated ?2.2bn
? Project Completion: Jan 2013
9. Wind Investments :
WinWind Technology
? Unique Multibrid technology
? Combines the reliability of a direct drive with
the compactness of a traditional gear system
? Results in high availability, high reliability, high
output and low maintenance costs
? Installed base of ~250MW
? Represents a €120 million investment in the
high growth wind turbine industry, building
out Masdar¡¯s expertise across the wind sector
value chain.
? The annual world wide wind turbine market
presently represents $30bn
3MW
10. Wind Investments:
WinWind Markets and Facilities
? Greenfield purpose built facilities
completed in 2009 in Finland and
India
? Hamina, Finland facility produces
3MW turbines servicing Nordic
Europe and actively expanding
throughout the continent
? Chennai, India facility produces
1MW turbines and blades,
supplying Europe, India and
beyond
*Annual production capacity