Partnership model example
- 1. * Real Option Value. Dev costs: 600k. Annual price volatility: 20%. 3 dev phases: feasability study and pre- approval, env impact analysys and approval, design. Prob of success every phase: 50%, 50%, 80%. Partnership scenarios example (example value) Shared value by kind of partnership Phase Value (Mil) Supplier Asset Sales Business Development (ROV) * 10 0% 50% 100% 100% Funding (Equity+Debt) 90 0% 0% 2,5% 2,5% Construction (OPEX) 10 50% 50% 50% 50% O&M (NPV) 25 0% 0% 0% 50% Business result % farm owned 0% 6,0% 12,0% 31,9% Gross rev 1 farm (Mil) 5 30 50 115 Gross rev EU farms (Mil) 50 300 550 1.350 Partnership description: Supplier only supply paid services on a time and material basis, Asset supply also knowledge to support dev process, Sales also develop project pipeline and funding, Business also participate to project running costs. % farm owned: based on the shared value of the specific phase respect the whole operational phase NPV value ( 60 Mil). Gross revenue: for previous 50MW single farm or double EU business plan 2015-2020 in 20y Description Prepared by: Davide Zari