Operations & Maintenance
High reliability & low maintenance – long service life
•
•
The above graph outlines the CF performance of the 4 Nordic N1000 units relative to the 775 unit Swedish fleet of
Turbines
Turbines.
The Nordic Prototype product has shown consistently above average CF performance against the commercial
units from Vestas, Enercon, NEG Micon, Siemens, et.al.
Page 26
Bottom Line – Lowest Cost of Energy
Economically the most efficient wind turbine available
20 MW Community Wind Project Comparisons
100.0
90.0
Wind Power Project of 20 MWs at 7.5 m/s with Energy at 7.2 and RECs at 1.5 cents/kWh
7.2 ¢/
¢/kWh + REC,
C, 20
0 Year
ea -All Equity
qu ty Returns
etu s
Cost of Energy, Production and After-Tax All-Equity Returns
12.00%
$35.2 M
$47.7 M
$52.2 M
Total Investment
Total Investment
Total Investment
10.00%
80.0
8.00%
60.0
50.0
6.00%
40.0
4.00%
30.0
Pct. Return - All Equity
GWh/year a
and $/MWh
70.0
20.0
2 00%
2.00%
10.0
N
Page 27
N1000 1 MW
Turbine Make & Model
V8
2
GWh per Year
ta
s
Ve
s
1.
5
G
E
1.5 MW
SLE
or
di
c
N
SL
E
0.00%
W
10
00
59
-
V82 1.65 MW
Cost of Energy ($/MWh)
All-Equity 20-Year AfterTax Returns
Competitive Comparison
Economically the most efficient wind turbine available
Megawatt Class
Offerings
V52
E44, 48, 53
MWT1000
N1000
850 kW
800 kW
1,000 kW
1,000 kW
Number of Turbines for 20 MW
24
25
20
20
Rotor Diam. (m)
52
44, 48, 53
57, 61
54, 59
14-31 rpm
I and II
16-30 rpm
I, II, III
19-21 rpm
I and II
20-22 rpm
II and III
Generation
Geared,
Asynchronous
Gearless
Synchronous
Geared,
Asynchronous
Geared,
Asynchronous
Weight (70 m HH)
~ 100 Tonnes
~ 115 Tonnes
~ 140 Tonnes
~ 110 Tonnes
0.12 T/kW
0.14 T/kW
0.14 T/kW
0.11 T/kW
$1,450
$1,600
$1,400
$1,200
Est. Annual Operating Cost
$20,000
>$17,500
$20,000
<$15,000
C t off E
Cost
Energy (C
(CoE)
E) $/kW
0 090 /kWh
> 0.090
> 0.090
0 090 /kWh
> 0.090
0 090 /kWh
< $0.080
$0 080 /kWh
Rated Output Each
Rotor Speed
Wind Classes
Tonnes/kW Installed
Equipment Pricing ($/kW)
-10% to -15%
Page 28
Company Operational Update
Page 14
Company Operational Update
Page 15
Company Operational Update
Union City Turbine
Randolph Eastern Schools Turbine
Page 16
Company Operational Update
Turbines NWP0004 and NWP0005 Union City, Indiana
Page 17
Company Operational Update
Union City Turbine
Page 18
Randolph Eastern Schools Turbine
A New Company with 35 years of Heritage
A heritage of innovation & commitment to wind power
Government
funded R&D
program in
Sweden Two 3-MW two
bladed R&D wind
turbines were at
Maglarp Nasudden
1975 1980
1985
Nassuden 3-MW
rebuilt (Now world
record holder in
accumulated power
production)
1st Nordic
400 erected
at Lysekil,
Sweden
1990
N1000’s 110,000
hours trouble free
operation
One Maglard
g
turbine
prototype dismantled
1995
3rd N1000
sold and
installed
2000
JV for US
manufacturing
& sale
5th N1000 sold &
installed by
repeat customer
Vattenfall utility
19 total of the
N1000 on
order
1st US
orders
2005
1st US installs
July ’09
2010
4th
N1000
sold and
installed
1st N1000 1-MW
prototype sold to the
Swedish utility
Vattenfall at Gotland
Source: Nordic
Page 19
2nd N1000
sold and
installed
Manufacturing
open
Pocatello, ID
Major funding
secured for
acquisition and
manufacturing
expansion;
Goldman Sachs,
et. al.
19
Longer Term Technology Roadmap
Two Stage Approach, Based on Same Core Technology
NOW
Stage I
FUTURE
Stage II
Become the leader in the
underserved community wind market
with an evolutionary 1 MW turbine
Utilize same technology platform to
design a revolutionary 2.5+ MW
turbine for the large utility and IPP
markets
~10% Cost of Energy Advantage
20%+ Cost of Energy Advantage
Page 20
In Summary
Turbine Technology
o
Solutions that are simple and reliable for Community Projects
o
Lower the cost of energy
Installation and Construction
o
Build efficient project delivery partnerships coordinated by turbine
supplier
o
Coordinate timing of installation of smaller projects within a region
Operations and Maintenance
o
N t allll C
Not
Customers
t
are alike
lik – selectable
l t bl service
i options
ti
o
Safe and predictable operational results (availability, annual costs)
o
Involve local and national O&M providers when more cost effective.
o
Promote customer user groups to share experience and improve the
collective performance.
Page 21
Eric Thompson
Western Regional Sales Manager
Nordic Windpower USA
510-665-9461 desk/forward-to-cell
510-414-3115 cell
ethompson@nordicwindpower com
ethompson@nordicwindpower.com
www.nordicwindpower.com
N di Windpower
Nordic
Wi d
125 University Avenue, Berkeley CA 94710, USA
t l +1 510 665 9463 ttoll-free:
tel:
ll f
888 322 2080 ffax: +1 510 665 9466
info@nordicwindpower.com www.nordicwindpower.com
Utility scale. Community focus.
Page 22
Supplementary Information
Page 23
Modern Turbine Controls
Robust and reliable – like the N1000
Bachmann
M1 Controller
Page 29
29
Developing
g World Class Supply
y Chain
Reputable global suppliers, efficient capital utilization




Efficient working capital utilization
Quality driven source selections
Diversify by country, two suppliers for each component
Source Substantiation approval required on all critical
components
p
– collaboration with certification bodyy
 Quality plan drives focus on critical processes and components
 Partner with supply base to drive value and quality
Page 30