Ltd 3 Why Invest in Renewables? • Protection against increasing energy cost • Increasing in importance • Movement from oil/purchased power to self generated • Energy security • Insurance against future blackouts due to lack of supply in grid • Support the environment • Reduction in carbon footprint/CO2 emission • Financial investment • Feed-in Tariff rates are still attractive • Good investment
Evance Wind Turbines Ltd Energy cost uncertainty • Recent energy price increases from ‘Big 6’ have been up to 10.8% • Energy inflation • Over the last 7 years an annual average of 8.4% • If this continues we will be paying 21p per kWh in five years & rising to some 72p per kWh unit in 20 years time
Evance Wind Turbines Ltd 6.8 7.2 8.0 9.7 10.5 12.1 12.6 12.3 13.2 13.8 15.0 16.3 17.6 19.1 4 6 8 10 12 14 16 18 20 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 P r i c e P e r K W H Change in KWH Electricity Price Source: Derived from DECC Energy Pricing Dec 2012 Table 2.2.1, 2013 -2016 increased by average price increase 2003-2012 of 8.4% Average cost of generated electricity from R9000 at todays prices fixed for 20 years
Evance Wind Turbines Ltd Manufacturing small wind turbines for over 12 years • UK based designer and manufacturer • 14th fastest growing private technology company in UK 2011 • 1500th turbine installed 2012 • R9000 was first turbine under 10kW to be certified by MCS July 2010 • R9000 is most popular turbine in UK • Over 1,600 turbines installed • Producing around 18,200MWh of energy per year • Over 9,540 tonnes of CO2 emissions saved per year • Equivalent of taking around 4,200 cars off the road • Installed in harshest conditions and locations