Offshore Renewable Energy Conference 2012 Panel Discussion Andrew Crowle, Director Mechanical & Materials Vestas Advanced Technology
Andrew Crowle: Offshore Renewable Energy Conference 2012
Jan 20, 2015
Presentation by Andrew Crowle titled "Offshore Renewable Energy Conference 2012"
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Offshore Renewable Energy Conference 2012
Panel Discussion
Andrew Crowle, Director Mechanical & MaterialsVestas Advanced Technology
47,000+ turbines installed in 69 Countries
20,000 employees globally
20% of global accumulated capacity Onshore
40% of global accumulated capacity Offshore
A New Milestone:Vestas has reached an installed global capacity
of >50GW of wind energy
55 million tons of CO2 saved every year
2
Regional Sales
Sales/Service Units
Manufacturing
Vestas in Asia Pacific Region
Vestas Singapore
~ 75 employees
4
Offshore Renewable Energy Conference 20125
Vestas activities in Singapore
Why are we here?
The Challenges – Group Discussion
Questions & Answers
Contents
Vestas Singapore – 11 business areas on site
APAC Sales
Advanced Technology
Group ITGlobal Support Services
Marketing & Communications
People & Culture Finance
Global Sourcing
Supply Chain Planning
Shared Services
Engineering Solutions
Key message: Opportunities for Cross functional integration
Offshore Renewable Energy Conference 2012
7
Technology Hotspot – Vestas can leverage from the industrial eco-system
Mechanical Electronics Power Engineering
Materials Software Offshore(Oil & Gas and
Shipping)
Growing Renewables Centre – Government backed ‘clean Tech’ strategy
Key message: global centre for industrial technology
Offshore Renewable Energy Conference 2012
8
Why is Vestas in Singapore? Technology Hotspot – With extensive financial benefits
Access &Leverage on research institutes
Tax Structure
Funding Grants& Resources
Joint Materials Lab - NTU
Experimental Grid Lab
Government labs (A*STAR)
Universities facilities
Low 10% corporate tax rate
Grant Support for PHD & Master students (Industrial Post Graduate Programme & National Research Foundation (Clean Energy) Scholarship
Access to $60M National Science foundation grant
Key message: Strong Government support
Offshore Renewable Energy Conference 2012
Financials
85
100
130
150
Hourly Rate / Head Count
Chennai
SG
Key message: Low Cost Engineering Centre
Offshore Renewable Energy Conference 2012
Diverse Nationalities, 75% Masters/PhD Education
Singapore Site Strategy - June 201210
Nationality Australian
British
Canadian
Dutch
Filipino
French
Indian
Indonesian
M'sian
New Zealander
PRC
Pakistani
Singaporean
Danish
Norwegian
Nigerian
Sri Lanka
Education
Bachelor
Master
PhD
Diploma
Others
Key message: Can attract highly educated talent from around the world
Offshore Renewable Energy Conference 2012
Singapore - Overview
11
Highlights :
• Rich talent pool - Easy to attract high calibre talent from across the world.
• Integrated with Asia-Pacific & China BUs
• Technology “hot spot” - country strategy to develop ‘Cleantech’ R&D leading to high levels of infrastructure, external support & project funding.
• Major financial centre & regional business hub with low corporate tax rates.
• R&D grant award funding 50% wages and 30% of material costs.
• Strong IPR regulations
Key message: High calibre staff, easy to do business
SINGAPORE
USA
TAIWAN
SWITZERLAND
BELGIUM
JAPAN
IRELAND
SWEDEN
NETHERLANDS
AUSTRALIA
Rank12345
EconomySingaporeHong Kong
New ZealandUnited KingdomUnited States
Source: Doing Business 2100Report, World Bank
Source: BERI’s 2010 Labour Force Evaluation
Ease of doing business Best Labour Force
Offshore Renewable Energy Conference 2012
12
Questions & Answers
Singapore Site Strategy - June 201213
SWOT Analysis Current State – Singapore Site
S W
T
Major Strength
Attractive location for talentInternational Hub for R&DEfficient Govt Support Best IP Protection in region.
Major Opportunity
To be the centre for grid compliance.To be a Global hub for materials development.Wider exploitation of funding & grantsCentre for specification & qualification of electrical systems in emerging markets
Major ThreatIs the rest of the organisation willing to operate with higher levels of responsibilty in SG.
Not achieving grant HC criteria will not achieve optimum staff cost per hour.
O
Major Weakness
Lack in WTG domain knowledge
Access to large scale turbines hardware & manufacturing.
Vestas Turbines R&D and GSS Singapore
Key message: Opportunity to add greater value
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