1. Blauwwind overview April 18th 2019 Sil Draaisma – Construction Manager
Michiel Spoor – Operations Manager

2. Agenda Blauwwind Consortium Project Scope & Roles Project Timeline
Blauwwind schedule
Fabrication
Operations Phase

3. Blauwwind Consortium Concession and SDE+ Subsidy Shareholders
Board and Project Team
PPA
EPC Contractors
Our Neighbours
Lenders
History of the Consortium
Partners, Bid 1, etc
Many more stakeholders
EZ, RWS, SODM, Coastguard, Port of Vlissingen, Bow Terminal, local neighbours, fisherman, employment agencies, etc
Marine coordination is key
Facility Agent Rabobank
Account ABN Amro
10 other banks involved
TSO
LLA – Allen & Overy
LTA– Mott MacDonald

4. Blauwwind's responsibility TenneT's responsibility
Project Scope & Roles
Key technical characteristics:
State-of-the-art turbines: MHI Vestas V MW
Proved foundation design: Monopile foundation provided by Van Oord
Efficient array cables: Electricity generated from the WTGs will be collected via 66 kV inter-array cables provided by Van Oord and transported to Borssele Beta OHVS(1)
Proven grid connection: Transportation from Borssele Beta OHVS(1) to the onshore grid via two 220 kV export cables provided by TenneT
Borssele III
Borssele IV
MHI Vestas WTGs
Monopile
66 kV inter-array cables
TenneT 220 kV export cable
TenneT platform
Borssele Beta OHVS(1)
Blauwwind's responsibility
TenneT's responsibility
Measurement and connection point
for PPA and SDE+
Wind park owner rooms
(SCADA system etc.)
TenneT onshore
substation
Onshore
Onshore wind park
owner control rooms 2
TenneT 380 kV Grid 1
Explain scope split 3 4
TenneT AC cables
TenneT
Van Oord
MHI Vestas Offshore Wind
(1) OHVS (offshore high voltage substation) contains dedicated area where Blauwwind Project specific assets can be installed

5. Blauwwind (Project company)
Project Timeline
Tender process
Development
Construction
operation
decommissioning
PHASE
Jul 2016 – Dec 2016
~0.5 year
Jan 2017 – Jun 2018
~1.5 years
July 2018 – Jan 2021
~2.5 years
Feb 2021 – Jan 2046
25 years
Feb 2046 – Dec 2046
~1 year
TIMING
All development activities leading to:
Technical design
Planning
Contracting
Financing
Dual contract strategy with minimal construction risk (fixed lump-sum agreements incl. extensive securities and delay damages):
MHI Vestas (TSA)
Van Oord (BoP EPC contract)
Permit foresees decommissioning obligation
Decommissioning can start from year 25 and should be completed in year 30 the latest (concession end)
Tender submitted in September 2016
Tender won on 12 December 2016 with a bid of EUR 54.5/MWh
Safe operation
Maintenance
Optimisation of profitability
Cost optimisation
KEY ACTIONS
PARTIES INVOLVED
Consortium Partners
MHI Vestas
Blauwwind (Project company)
Financial close by 28 June 2018
New investor joined
Today

6. Blauwwind high level schedule
2019
2020
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Survey
Visual Inspection and debris removal
UXO removal
Primary Steel Production
(monopiles)
Monopile Installation
Secondary Steel Production
(boat landing, platform)
Infield cable production
Scour installation 1
Scour installation 2
Cable Lay 1
BOR I/II
Cable Lay 2
BOR I/II
Cable Lay 3
Turbine Production
(nacelle, blades, etc.)
Pre-assembly activities (Vlissingen)
WTG Installation
WTG Commissioning
APR OHVS Topside installation
JUL OHVS Energized
Van Oord
Installation sea cables (220 kV)
MVOW
Hook-up & Commissioning OHVS
TenneT

7. Fabrication
Explain scope split

8. Offshore Construction
Explain scope split

9. Offshore Construction
Explain scope split

10. Operations Phase Key characteristics:
The O&M setup is based on synergies with the existing portfolio of Blauwwind shareholders and main contractors.
The project will be operated by Eneco Wind Offshore Operations (EWOO) who are already operating windfarms Amalia and Luchterduinen.
The maintenance of the turbines will be executed by MHI Vestas under a long term service contract. Blauwwind will procure one or two maintenance suppliers for foundation maintenance end of 2019.
A Service Operations Vessel (SOV) will be shared with neighboring windfarms in Belgium. The SOV can deploy smaller vessels (daughter crafts) to ensure maximum flexibility.
The SOV in essence is the Blauwwind maintenance base offshore, port calls (parts, crew changes) will be made out of the port of Oostende.

11. Foundation maintenance
Scope:
Yearly inspections (in- and external)
Coating inspections and repairs
Under water surveys of foundation, scour protection and infield cables
Inspection of the corrosion protection system (ICCP)

12. End of Slides