Significant investment in UK Energy infrastructure in next five years Cumulative CAPEX 2009 to 2015 bn Source: Ernst & Young 3
Evening Standard, 28 October 2009 4
Project Boreas: Offshore Wind Refinancing New sources of funding to UK Offshore market Club of 14 project finance banks Infrastructure funds as source of equity Release cash from operational assets to finance construction…
Key Considerations for Investors Equity Debt PPA and commodity exposure Credibility of sponsor group Stability of Renewable Obligation PPA Certificate (ROC) regime Availability guarantee Stability of ROC regime Wind yield Wind…
Summary Offshore wind could represent the most significant part of future UK energy investment (over the next 5 years) Investment requires wider investor community Key to attracting investors: Credible project sponsors Stability…