Slide 1: Matthew Akman, Senior Vice President Strategy, Power and New Energy Technologies
Matthew Akman Senior Vice President Strategy, Power and New Energy Technologies
Slide 2: Legal Notice
Legal Notice Forward Looking Information This presentation includes certain forward-looking statements and information (FLI) to provide potential investors and shareholders of Enbridge Inc. (Enbridge or the Company) with information about Enbridge and its subsidiaries and affiliates, including manag
Slide 3: Creating Value in Low-Carbon Infrastructure
Creating Value in Low-Carbon Infrastructure Our scale and experience is a competitive advantage • Disciplined capital allocation and recycling Renewable Asset Portfolio (Gross GW)1 48 assets • Pursue accretive risk 10 in operation and adjusted returns under construction 8 • Long term power 6 Existin
Slide 4: Growing the Renewable Power Business
Growing the Renewable Power Business Expanding Onshore Growing European Advancing Our Priorities in 2021 1 Footprint 2 Offshore Wind Approved six behind-the-meter solar self-power projects New • Improving asset efficiency & • Executing secured growth instilling rigorous cost Moving forward on PGL ma
Slide 5: Competitive Positioning
Competitive Positioning Industry Trends Enbridge Positioning • Aging legacy fleets Established asset management and integrity processes • Permitting process elongated World class health and safety programs • Transmission interconnection queues Deep permitting and stakeholder capabilities • Supply ch
Slide 6: Our Renewable Power Operating Capabilities
Our Renewable Power Operating Capabilities • 20 years of power generation experience • Employing technologies to improve asset performance (de-icing, Lidar, anti-reflective) • Centralized control center for assets we operate • Balanced mix of 3rd party O&M1 and self operations to mitigate risk • Dev
Slide 7: Major Offshore Wind Construction Program
Major Offshore Wind Construction Program Saint Nazaire | $0.9B1 Secured Offshore Wind Growth 480 MW (122 MW net) (Gross GW) • 45 of 80 foundations installed2 2.5 • First power in late 2022 2.4 2 (0.6 net) Fécamp | $0.7B1 497 MW (89MW net) 1.5 • Foundation fabrication underway • On track for 2023 COD
Slide 8: Offshore Wind Development
Offshore Wind Development ScotWind | up to 4.0 GW1 • Investing earlier in development cycle Offshore Wind • Well positioned to capture UK ~55 Opportunity Set3 our share of future growth GW ~98 GW • Targeting jurisdictions with: Dunkirk | 600 MW1 Spain – Large scale projects REX2 | up to 1.2 GW1 Fran
Slide 9: Floating Offshore Wind
Floating Offshore Wind 1st European Near Term Potential TLP2 floating Opportunity Set1 Provence wind facility in France (GW) • 750MW’s of joint development Grand 9.3 GW potential with EDF New Large – Moving forward with Provence Grand Other Large; secured project financing Partnership – Prequalified
Slide 10: Onshore Behind-the-Meter Strategy
Onshore Behind-the-Meter Strategy $0.3B of Solar Self Power Projects in Execution • Developing 300 MW of opportunities across our systems Alberta LP Phase II New • Up to $1.0B in investment opportunities Solar One Floodwood, MN 2023 10.5 MW Deer River, MN 2023 • Targeting low double digit returns Ca
Slide 11: Onshore Front of the Meter Strategy
Onshore Front of the Meter Strategy • Evaluated asset footprint for suitable utility scale projects Ingleside Energy Center Undeveloped • Co-locate up to 60MW of solar • >1GW of projects in development Terminal power on available land Land • Leverage pipeline power load – 6MW of self-power requireme
Slide 12: Summary
Summary Opportunities in Development • Up to $1B in behind the meter Renewable Expanding investments in near-term; $0.3B Power Onshore in execution up to ~$1.0B/year Footprint • ~$2.5B of potential front of the meter opportunities Growing • ~$2.6B of offshore wind in construction through 2024 Europe