Wind Prospect Experience and Practicalities of Wind Energy International Cooperation Forum for Energy Service Companies (ESCO’s) - Opportunities in China and East Asia - June 2005 Ricky Fong James Pennay

Agenda  Introduction to Wind Prospect  Wind Direct Concept and Benefits  The Project Development Cycle  Case Study – A Successful Implementation  Critical Issues and Success Factors  Next Steps

Wind Prospect Group  Wind Farm Design & Development  Construction Project Management  Operations Management  Due Diligence and Validation  Involvement in 1,222 MW approved; over 50 staff  Offices in: UK Hong Kong Australia Ireland

Wind Prospect Activities

The Wind Direct Concept Erect wind turbines directly on industrial sites Embedded generation into the existing electrical infrastructure Reduce demand for fossil-fuel based power generation and reliance on diesel back-up Opportunity to lower electricity costs Turbines reliably produce power for year life

The Wind Direct Concept Long-term contract for Green Certificates Long-term PPA for ‘Green Electricity’ Wind Direct Turbines Electricity Supplier Actual ‘Green Energy’ flow Long-term land lease agreement Balancing ‘Brown Electricity’ supply Low-cost ‘Green Electricity’ supply

Key Benefits Financial Benefits Potential savings on electricity costs Releasing revenue to support core business streams Environmental Benefits Reducing greenhouse emissions is deemed increasingly important internationally Key measure in corporate Environmental Reports Establish a real renewable “Green Image”

Project Development Cycle Core Activities Site identification and selection Wind farm design and development Construction project management Operations and maintenance management

Development Process Suitable Site Identification Considerations Potential operating sites Available wind resource Site demand profile Power price review Available land Access to the site Proximity to physical constraints Internal company support for the project

Project Timeline Turbines are designed to operate for years

New Site Development Environmental assessment Wind resources and energy yield Technical design and cost estimation Financial evaluation Attain necessary government approvals Commercial arrangements Development Process

Electrical Planning Plant integration Grid integration Control systems design Construction Pre-construction Turbine selection and procurement Construction project management Commissioning Development Process

Potential Cost Benefits

Case Study – Successfully Implementing “Voridian – North West England”

Case Study Two 2 MW turbines on the Voridian industrial complex Close to the existing Siddick Wind Farm The turbines will directly supply Voridian with electricity

Case Study 1km

Case Study 2 x 2MW Vestas V80 turbines at Voridian England

Case Study  Owned by Wind Direct Ltd - three way joint venture between; Wind Prospect Ltd – wind energy experts Econnect Ltd and – electrical connection experts Optimum Energy Ltd – supply experts  To be constructed and operated by Wind Prospect Ltd by the end of 2005  Benefits to Voridian decreased electricity costs due to lower tariff and avoidance of Climate Change Levy green image

Critical issues and success factors  Wind regime  Energy consumption data  Long term security for viability and financing Land Power purchase Support mechanisms Exporting power Energy Bureaus Pricing – fixed or spot market and term Priority dispatch Connection costs  Regulatory framework: LONG - LOUD - LEGAL

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