NaiKun Offshore Wind Energy Project
SFU – Building a Vision for Green Energy in BC
November 2009
Who is NaiKun Wind?
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Offshore Wind Energy Project
Developer
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B.C.-based
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Offices in Vancouver, Masset and
Skidegate
Widely-held, publicly traded
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Single-project proposal
Bid into current Clean Power Call
Canada’s first offshore wind
energy project
TSX Venture Exchange (NKW)
NaiKun Wind Project
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World-class wind resource
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396 MW, enough to power
130,000 B.C. homes
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110 turbines, spaced ~1 km apart
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8 kms from Haida Gwaii, 95 kms
from Prince Rupert
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HaidaLink – connecting Haida
Gwaii to the provincial grid
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Local benefits
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Proven technology
NaiKun Wind Project Site
WIND
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Project Components
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Critical Path
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Proposal submitted into Clean
Power Call – November 2008
Environmental Assessment – 2009
Project financing – mid 2010
Fabrication - 2011
Foundations installed – 2012 and
2013
Turbines installed – 2013 and 2014
Fully operational - 2014
Haida Nation
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Council of the Haida
Nation
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United government
Two tiers
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Clarity around traditional
territory
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Visionary leadership
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Strong awareness and
participation
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NaiKun Motivation
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Smart business
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Taps local knowledge
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Leverages existing relationships
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Ensuring tenure & social licence
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Key Elements & Steps
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False start: ‘consultation’
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Foundation of trust
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Assumption of tenure
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Timeline:
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2002 - relationship established
2007 - MOU
2009 - Commercial relationship
Ongoing - continued engagement
Understanding leadership’s vision and priorities
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Aligned interest
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Moving past the toll
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Economic opportunities
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Ongoing engagement = capacity building
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Providing opportunities
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Environmental and social sustainability
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Lessons
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Foundation of trust
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Same faces
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Understand cultural differences
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Where a mechanism to advance
collective interests does not exist, work
together to create one
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Keep working, ongoing engagement
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NaiKun: Essential part of our corporate
culture
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Don’t oversell: Training & jobs
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Commercial Arrangements
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Two aspects:
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Haida NaiKun Wind Operating LP
Equity Offer
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Haida at the table
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LP meets Haida tax strategy
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Equity Offer:
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Dependent on loan guarantee
Addressing the desire to hold assets
Keeps equity return in the community
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Project Structure
Council of the
Haida Nation
NaiKun Wind Group
TSX-V: NKW
10%
40%
50%
NaiKun
Generating
Company
50%
50%
Haida NaiKun
Wind
Operating LP
Services
Agreement
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Haida: Triple Bottom Line
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Environmental Stewardship
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Employment and Training
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Ensure opportunities are available
Training program
Revenue
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Clean energy for Haida Gwaii
Haida EA review
8-year monitoring program
Economic opportunity
Haida: 50% ownership of LP
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Thank you.
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