workboat show 2019 building & developing the ......accommodates technicians and transfers using...

1 | PowerPoint Title | 04 December 2019 | Classification: PUBLIC

© 2019 MHI Vestas Offshore Wind A/S

TIM AXELSSONProject Director

WORKBOAT SHOW 2019Building & Developing the

Offshore Wind Supply Chain



● A joint venture between two industry leaders: Vestas Wind Systems A/S (50%) and Mitsubishi Heavy Industries Ltd (50%)

● Founded 1 April 2014, now employing ~3,000 employees

● Sole focus on offshore wind

● Our business is to design, manufacture, install and service wind turbines

● Our approach is truly collaborative – we aim to create strong partnerships with customers, suppliers and other stakeholders in the industry

MHI Vestas- Established in 2014 on decades of experienceDelivering affordable offshore wind power



MVOW global footprint – our offices, manufacturing & assembly facilities

OFFICE location

MANUFACTURING / ASSEMBLY facility



Our Track Record ~ 4.2 GW Installed1,147 turbines installed across 30 projects, ~3.6 GW under service

NOBELWIND *50 x V112-3.3 MW(165 MW)Parkwind, Belgium2017

BLYTH *5 x V164-8.3 MW(41,5 MW)EDF Energy Renewables United Kingdom, 2017

HORNS REEF80 x V80-2.0 MW(160 MW)Vattenfall, ØrstedDenmark, 2002

SCROBY SANDS30 x V80-2.0 MW(60 MW)E.ON, United Kingdom 2004

NORTH HOYLE *30 x V80-2.0 MW(60 MW)Npower RenewablesUnited Kingdom, 2004

KENTISH FLATS *30 x V90-3.0 MW(90 MW)Vattenfall, United Kingdom 2005

BARROW *30 x V90-3.0 MW(90 MW)Ørsted, United Kingdom 2006

EGMOND AAN ZEE36 x V90-3.0 MW(108 MW)Shell, NUONNetherlands, 2006

PRINCESS AMALIA *60 x V80-2.0 MW(120 MW)Q7 Holding, Netherlands 2007

SPROGOE *7 x V90-3.0 MW(21 MW)Sund & Baelt, Denmark 2009

ROBIN RIGG60 x V90-3.0 MW(180 MW)E.ON, United Kingdom 2009

BELWIND 1 *55 x V90-3.0 MW(165 MW)Belwind N.V., Belgium 2010

THANET *100 x V90-3.0 MW(300 MW)Vattenfall, United Kingdom 2010

KAAREHAMN *16 x V112-3.0 MW(48 MW)E.ON, Sweden2013

NORTHWIND *72 x V112-3.0 MW(216 MW)Northwind N.V., Belgium 2013

WINDFLOAT1 x V80-2.0 MW(2 MW - floating)Windplus, Portugal2011

HUMBER GATEWAY *73 x V112-3.0 MW(219 MW)E.ON, United Kingdom 2014

KENTISH FLATS EXT *15 x V112-3.3 MW(50 MW)Vattenfall, United Kingdom 2015

BURBO BANK EXT *32 x V164-8.0 MW(254 MW)Ørsted, United Kingdom 2017

MAADE *2 x V164-8.0 MW(16 MW)European EnergyDenmark, 2016

ENECO LUCHTERDUINEN *43 x V112-3.0 MW(129 MW)Eneco, MitsubishiNetherlands, 2015

* Currently under service contract (3,662.9 MW)

RAMPION *116 x V112-3.45 MW(400 MW)E.ON, United Kingdom2017

WALNEY EXT *40 x V164-8.25 MW(330 MW)Ørsted, United Kingdom 2017

TUNOE KNOB10 x V39-500 kW(5 MW)Npower RenewablesDenmark, 1995

IRENE VORRINK28 x NEG Micon 600kW(16,8 MW)NUON (Vattenfall)Netherlands, 1996

BOCKSTIGEN5 x Windworld 550 kW(2,75 MW)Vindkompagniet (Vattenfall) Sweden 1997

YTTRE STENGRUND5 x NEG Micon 2MW(10 MW)Vindkompagniet (Vattenfall) Sweden 2001

DECOMISSIONED

ABERDEEN BAY*9 x V164-8.4 MW2 x V164-8.8 MW(92.4 MW)Vattenfall, UK, 2018

Total installed: 4,207.45 MW

BORKUM RIFFGRUND 2*56 x V164-8.3 MW(450 MW)Ørsted, Germany2018

HORNS REEF 349 x V164-8.3 MW(406 MW)Vattenfall, Denmark2019



Our Pipeline

Under Installation /Unconditional Orders

Preferred Supplier

NORTHER44 x V164-8.4 MW(370 MW)Norther NV, Belgium2019

BORSSELE III/IV77 x V164-9.5 MW(731,5 MW)Consortium, Netherlands2020

DEUTSCHE BUCHT31 x V164-8.4 MW(252 MW)British Wind Energy, Germany2019

TRITON KNOLL90 x V164-9.5 MW(860 MW)Consortium, United Kingdom2021

MORAY EAST100 x V164-9.5 MW(950 MW)Consortium, United Kingdom2022

3,431.5 MW of firm orders, in line to supply 2 GW +

Information on this page is subject to change

NORTHWESTER 223 x V164-9.5 MW(224 MW)Parkwind, Belgium2019

ZONE 27Turbines not disclosed(100 + 452 MW)CIP, Taiwan2021 + 2023

ZONE 29Turbines not disclosed(300 MW)CSC, Taiwan2024

XI DAOTurbines not disclosed(48 MW)CIP, Taiwan2024

BORSSELE V2 x V164-9.5 MW(19 MW)Consortium, Netherlands2020

WINDFLOAT ATLANTIC3 x V164-8.4 MW(25 MW)Consortium, PortugalNot disclosed

VINEYARD WIND84 x V164-9.5 MW(800 MW)Consortium, USA2021

BALTIC EAGLE52 x V174-9.5 MW(476 MW)Iberdrola, Germany2022



Dimensions of the V164-10.0 MW™Double the height of the Statue of Liberty

Dimensions

Swept area 21,124 m2

Power 9.5 MW / 10.0 MW

Blade length 80 m (262’)

Approx. hub height 105 m (344’)

Rotor diameter 164 m (538’)

Approx. tip height 187 m (613’)

Weight (excl. tower) ~ 500 t



● MHI Vestas manufactures, installs, and services Offshore Wind Turbines Generators (WTGs).

● To perform the necessary delivery and construction of our WTG’s we conduct vetting and chartering of vessels to support our requirements.

● MVOW charters the following type vessels:• Crew Transfer Vessels (CTV)• Walk to Work Vessels (SOV/CSV)• WTG Offshore Installation Vessels (OIV)• Feeder vessels included with OIV Charter

● MVOW do not charter:• Foundation Installation Vessels• Cable Laying and Maintenance Vessels• Survey Vessels• CTVs or SOVs for Balance of Plant Scopes of Work

MHI Vestas Vessel Requirements



Current US Offshore Wind Pipeline

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● 26 GW Offshore Wind Pipeline through 2035

● Based on current public US East Coast State Commitments

● Assumed average of 2.0 GW installed per year starting in 2022

● Assumed no restrictions on vessel availability or permitting

● Assumed turbine size and capacity grows over the period

● MVOW has forecasted US industry vessel requirements based on this pipeline



● Used to transport technicians and small cargo to turbines or larger vessels using bow push-on transfer method

● Used for construction support, WTG service and Balance of Plant service

● Only 1 US CTV exists, 2 under build● Typical Characteristics

• 65 ft – 90 ft LOA • High Speed Aluminum Catamaran Hull• 12-24 technicians• 2-6 crew, 12 hours or 24 hours operations• No technician accommodations • Transfers up to 1.75 M Significant Wave Height• Used in Service where transit time <1.5 hrs

Vessel Types – Crew Transfer Vessel



Vessel Demand – Crew Transfer Vessel

● Service CTVs ≈ 75%• Used by Turbine OEMs to service

WTGs• Long Term Contracts• 5-15 years• Can be new built to contract

● Spot Market CTVs ≈ 25%• Used for construction support or

summer service campaigns• Short term contracts • 3-9 months

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48 New CTVs by 2035



● Accommodates Technicians and transfers using Walk to Work Gangway, CTV, or daughter craft

● “SOV” used for Service & Operations● “CSV” used for Construction & Commissioning Support● Typical Characteristics

• 200 ft – 300 ft LOA • DP2 Steel Monohulls• 30-50 technicians in single cabins• 15-25 crew• 2 week working rotations offshore• Transfers over 2.5 M Significant Wave Height• Motion Compensated Gangways• 3D Motion Compensated lifting capability (1 – 3t)

Vessel Types – Walk to Work Vessels



Vessel Demand – Walk to Work Vessels

● SOVs ≈ 75%• Used by Turbine OEMs to service

WTGs• Long Term Contracts• 10-15 years• Can be new built to contract• Typically smaller, less technicians• Efficiency of operation is critical

● CSVs ≈ 25%• Used for Construction or

Commissioning Support• Short term contracts • 6-12 months• Typically larger, more capacity• Can be a conversion in early years

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15 New W2W Vessels by 2035



● Installation Spread Options for US• Foreign Jackup OIV fed by existing US Jackup Feeders• Foreign Jackup OIV fed by new build US Jackup Feeders• Newbuild US Jackup OIV• Foreign Floating OIV fed by existing US Floating Feeders

● Best strategy varies with site specific conditions:• Turbine Size• Water Depth• Soil Conditions• Distance from Port• Port Restrictions (Bridges, Hurricane Barriers, Quays)

● 2-3 Installation Spreads at high utilization required to install current US pipeline

Vessel Types – WTG Offshore Installation Vessels



● Tremendous amount of vessel work to be done to support the current pipeline

● Vessels needed to be brought to market over next 15 years:

• ≈48 CTV• ≈15 W2W • ≈2 Installation Spreads

● Over $1.5 Billion in Vessel Investments Required● Over 1000 sustained Mariner jobs + shoreside roles● Over 1000 FTE Shipbuilding jobs + management roles● MVOW will collaborate with designers, builders, and

operators to ensure market is prepared for demand

Summary



JASON FOLSOMNational Sales Director, US

Let’s move the horizon.

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