1

Introduction to Veja Mate Offshore Project

NER 300 Information Event

15 December 2017, Brussels

Stefan Klett

Co-funded by the NER 300 programme

of the European Union

2

Agenda

Project Introduction

Challenges

Co-funded by the NER 300 programme

of the European Union

3

Key Facts - Overview

GERMANY

DENMARK

NETHERLANDS

BELGIUM

VMOP site

402 MW capacity − 67 x Siemens 6.0-154

~94 Km from shore

Water depth between 39 – 40 m

Average wind speed ~9.9 m/s

8 year FiT @194 EUR/MWh4.7 year add. FiT @154 EUR/MWh

WTG commissioning Jan’17-May’17

15 year service agreement

Co-funded by the NER 300 programme

of the European Union

4

Key Facts – Power Export

Veja Mate feeds in power through its own OSS to the BorWin Beta offshore AC/DC converter station, and then to Diele onshore converter station in Germany

Co-funded by the NER 300 programme

of the European Union

5

Key Facts – Packages EU footprint

GERMANY

DENMARK

NETHERLANDS

BELGIUM

VMOP site

WTGSupply – Siemens (Key contractor)Installation – Fred Olsen, Seajacks

FoundationsSupply – EEW, BladtInstallation – Boskalis (Key contractor),

Volker Stevin In

CablesSupply – JDRInstallation – SIEM (Key contractor)

OSSSupply – FICG (Key contractor)Installation – FICG

Long Term ServiceSiemens

6

Shareholders

Siemens Financial Services

Highland Group Holdings Limited

Co-funded by the NER 300 programme

of the European Union

7

Federal Maritime & Hydrographic Agency (BSH) Offshore Wind Farm Life-Cycle

3

5 1

24Operations

Phase 4• Operational

Release

Decommissioning

Phase 5• Decommissiong Release

BSH Standard7005

Development

Phases 1 & 2

Implementation

Phase 3• 1st Release

• 2nd Release

• 3rd Release

Project Timeline Life-Cycle

Co-funded by the NER 300 programme

of the European Union

8

Project Timeline

* Timeline not to scale

September 2014Highland Group acquires the Veja Mate Project

November 2014CIP (Copenhagen Infrastructure II) enters

negotiation with Highland Group

June 2015Financial Close, CIP and SFS become equity

investors in Veja Mate

April 2016Construction starts with FOU

monopile installation on schedule

June 2016FOU transition piece installation

starts on schedule

September 2016Offshore substation jacket and topside

manufactured, and installed on scheduleOctober 2016

Inter-array cable installation start

August 2016All monopiles installed

ahead of schedule

January 2017Wind turbine installation start

October 2016All transition pieces

installed

May 2017All wind turbines installed and

commissioned

January 2018Conversion date

November 2029FiT period ends

2H 2042Decommissioning

November 2016Veja Mate OSS energized

February 2017Cable laying and trenching

completed ahead of schedule

June 20151st release BSH

December 2017Req.4th release BSH

9

Project Organization

CFO

COO

Environmental PM

Deputy QA/QC Manager Financial Controller

Assist. Contract Manager

Finance Manager

RECQ

Contract Manager

EPC Deputy Director

Information Manager

Project Assistance

Office Manager

CEO

FOU PMWTG PM

WTG Deputy PM

IAC PM Installation PM

Installation Manager

Electrical PM

Electrical Deputy PM

Electrical Engineer

Student Worker

Electrical Engineer

OSS Assistant

Project Assistant

Project Assistance

OSS PM

Reg. & HR Manager

HSE PM

Electrical Engineer

Electrical Inst. Manager

O&M Site Manager

Operations Engineer

Commercial Ops. Mgr.

Tech. Project Manager

O&M PM

WTG Assistant

Planning/ Interface Mgt.

Student Worker Offshore Site Manager

O&M HSE Manager

Co-funded by the NER 300 programme

of the European Union

10

Agenda

Project Introduction

Challenges

Co-funded by the NER 300 programme

of the European Union

11

Challenge Project Timeline

* Timeline not to scale

September 2014Highland Group acquires the Veja Mate Project

November 2014CIP (Copenhagen Infrastructure II) enters

negotiation with Highland Group

June 2015Financial Close, CIP and SFS become equity

investors in Veja Mate

April 2016Construction starts with FOU

monopile installation on schedule

June 2016FOU transition piece installation

starts on schedule

September 2016Offshore substation jacket and topside

manufactured, and installed on scheduleOctober 2016

Inter-array cable installation start

August 2016All monopiles installed

ahead of schedule

January 2017Wind turbine installation start

October 2016All transition pieces

installed

May 2017All wind turbines installed and

commissioned

January 2018Conversion date

November 2029FiT period ends

2H 2042Decommissioning

November 2016Veja Mate OSS energized

February 2017Cable laying and trenching

completed ahead of schedule

June 20151st release BSH

December 2017Req.4th release BSH

12

Obstacles Overcome

UXO clearing provider changed mid-campaign due to underperformance

UXO clearing campaign

Co-funded by the NER 300 programme

of the European Union

13

Obstacles Overcome

Switched NMS providers mid-project due to an inability to meet legal noise limits

Noise mitigation system

performance issues

Co-funded by the NER 300 programme

of the European Union

14

Thank You!

Co-funded by the NER 300 programme

of the European Union