Transcript Mainstream RP - Midlands Gateway Chamber

Energy Bridge
Releasing Irelands Energy Potential
Overview of Mainstream’s Markets
Scotland (offshore)
Canada (onshore
wind & solar)
Pipeline:995MW
Neart na Gaoithe: 450MW
Ireland (onshore)
UK (offshore)
Pipeline*: 17MW
Hornsea: 6,000MW
Germany (offshore)
Horizont: 1,200MW
USA (onshore)
Pipeline: 1,265MW
Chile (onshore
wind & solar)
South Africa (onshore
wind & solar)
Pipeline:1,200MW
Pipeline: 4,854MW
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Mainstream founding principle
“The world is on a once of
transition from fossil fuels
to sustainability ,
Mainstream exists to be a
leader of this transition”
President Barack Obama inauguration address
“We, the people, still believe that our obligations as Americans are not just to
ourselves, but to all posterity. We will respond to the threat of climate change,
knowing that the failure to do so would betray our children and future generations.
Some may still deny the overwhelming judgment of science, but none can avoid the
devastating impact of raging fires, and crippling drought, and more powerful
storms.
The path towards sustainable energy sources will be long and sometimes difficult.
But America cannot resist this transition; we must lead it. We cannot cede to other
nations the technology that will power new jobs and new industries – we must
claim its promise. That is how we will maintain our economic vitality and our
national treasure – our forests and waterways; our croplands and snow capped
peaks.
That is how we will preserve our planet, commanded to our care by God. That's
what will lend meaning to the creed our fathers once declared”
Ireland & UK 2020 Targets Synergy
Ireland
UK
● Electricity from Renewables by 2020 – 40%
● Electricity from Renewables by 2020 – 30%
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Equates to 4 GW installed by 2020
Currently 2 GW installed
0.25 GW p.a. required to reach target
16 GW waiting in Grid Queue!
Clearly no shortfall
● Irish Wind potential = 345 TWh p.a.
● Equates to 19 x market size
● Significant opportunity to Export
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Equates to 35 GW installed by 2020
Currently 8 GW installed
3.3 GW p.a. required to reach target
22 GW in Grid Queue
Shortfall of 5GW
● UK only installed 0.7 GW in 2011
● Strong possibility of missing targets by a
large margin
Mutual difficulties present mutual opportunities
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Ireland needs to attract investment
Ireland needs to create jobs
Ireland needs to export more
Government needs money
● UK needs renewables
● UK needs energy
● UK needs to meet its climate change
targets
No Negative Impact on Irish Wind Industry
● Only 1/3 of gate 3 connections
required for 2020 targets
● Development focused on west
coast
● Significant portions of inland
wind potential that cannot be
absorbed onto the Irish system
● Latest technology makes new
locations feasible
Development Pipeline Onshore Ireland
● Mainstream currently developing large
portfolio of onshore wind
● All sites designated ‘suitable for wind ‘ by
local county development plans
● Planning Consents by 2015
● Will feed directly into 2 converter stations
● All Transmission Lines underground
5 GW Direct Export - Offshore & Onshore Mix
Following the money
● Annual exports of renewable energy of c. € 1.0 billion
● Investment in power generation of c.€7.5 to € 13.75 billion
● Investment in transmission facilities of c. €6.0 billion
State Income: €12.5bn in Revenues
● €12.5bn in tax revenues generated for the State
● €1.4bn by 2020
2%
50%
45%
Employment taxes
Private land income taxes
Taxes on power
generation
3%
Note: Above calculation based on the assumption of achieving 1.8 ROCS per MWhr
VAT on materials &
services
>€900m in Direct Local Benefits
● €900m in rates to Local Authorities over the lifetime of the wind parks
● Local injection of €8.4m annually, per phase
● Significant direct benefits to rural midland
communities
● Additional investment through local service
Local Direct Employment: 1800 Jobs
1,800
1,600
1,400
j
o
b
s
1,200
1,000
800
600
400
200
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● Installation phase: Red
● 800 jobs by 2015
● Operation &
Maintenance: Green: 120
lifetime jobs
● Rural
● Long-term (>25yrs)
● Cannot be relocated
Job creation
● Irish wind industry generates 1.5 man years of
direct employment per MW installed
● The EWEA has estimated that a total of 15.1
man years of employment per megawatt are
created
● 1.5 * 5000 = 7,500 man years
● 15.1 * 5000 = 75,000 man years
● Mainstream has proposed a more conservative
estimate of 8 man years / MW, or 40,000 man
years for 5GW ie
Energy Bridge
Releasing Irelands Energy Potential
Thank You