Equinor Asa · OSL:EQNR
Equinor Asa — Investor Presentation (September 2019)
11 slides from Equinor Asa's investor presentation, Sep 20, 2019
Slide 1: Dogger Bank: The wind hub in the heart of the North Sea
Dogger Bank The wind hub in the heart of the North Sea
Slide 2: The Dogger Bank Wind farm
Creyke Beck A The Dogger Bank Wind farm Creyke Beck B Teesside A Dogger Bank Round 3 Zone Teesside converter station World-class wind speed in shallow waters Creyke Beck converter station • 3 projects: Creyke Beck A, B and Teesside A • Installed capacity per project: 1.2 GW, total 3.6 GW • Planning
Slide 3: Indicative timeline
Indicative timeline 2015 2019 2020 2023 Development consent Contract for difference Final investment decision (FID) First power generation order received awarded (CfD) for the first project, Creyke Beck A* *Creyke Beck B and Teeside A will be developed sequentially Open
Slide 4: Dogger Bank – project overview
Dogger Bank – project overview Strike prices Expected production Estimated CAPEX Project financing Creyke Beck A project Equals UK households Total The joint venture will be seeking 39.650 ~4.5 9 bn non-recourse project financing to fund the Dogger Bank development. GBP per MWh Million GBP for 3 pro
Slide 5: Creating value from scale
Creating value from scale A wind hub with an upside potential • Highly competitive engineering concepts • Leveraging Equinor’s global supply chain relationships • Innovative Operations and Maintenance (O&M) strategy with enhanced digital solutions • Additional synergies through phasing of projects •
Slide 6: Wind projects in operation and construction
Wind projects in operation and construction PROJECT Sheringham Dudgeon Hywind Arkona Cañadón León Shoal Windfarm Scotland TECHNOLOGY Under STATUS In operation In operation In operation In operation construction LEAD Equinor Equinor Equinor E.ON YPF Luz COMPANY OWNER SHARE 40% 35% 75% 50% 50% INSTALL
Slide 7: Offshore wind project pipeline
Offshore wind project pipeline PROJECT Hywind Dogger Bank Empire Wind Poland US East coast UK South Korea Tampen (NY + MA) Extensions TECHNOLOGY STATUS FID 2H 2019 Planning Planning Planning Planning Planning Planning LEAD Equinor/ Equinor Equinor / SSE Equinor Equinor Equinor KNOC COMPANY Polenergi
Slide 8: Responding to the energy transition
Responding to the energy transition Market trends • Cost reductions from technology innovation and project scale • Strong growth in the offshore wind market • Global opportunity set, new markets opening • Mature markets trending towards merchant risk • Floating offshore wind – the next frontier Equi
Slide 9: Dogger Bank - The wind hub in the heart of the North Sea
Dogger Bank - The wind hub in the heart of the North Sea © Equinor ASA This presentation, including the contents and arrangement of the contents of each individual page or the collection of the pages, is owned by Equinor. Copyright to all material including, but not limited to, written material, pho
Slide 10: Hywind Tampen
Hywind Tampen The world’s first floating offshore wind farm to supply renewable power to offshore oil and gas installations. • 11 wind turbines • Combined capacity of 88MW • Concrete substructures and shared anchors • 200.000 tons/year CO2 emission reduction Open
Slide 11: Empire Wind
Empire Wind Building an offshore wind core area on the US East Coast • Awarded capacity: 816 MW • Bottom-fixed • Next generation turbines: +10MW • Water depth: 20-40 m • Construction period: 2022 – 2023 • First power: 2024 Open