First steps in Investing in Energy assets - UK100 · First steps in Investing in Energy assets Daire Casey ... • Develop Strategy to achieve this ... the first council-owned solar

First steps inInvesting in Energy assets

Daire CaseyBusiness Development Manager

18 June 2019

Our vision

• National Grid ‘Two Degrees’ Future Energy Scenario

• Develop Strategy to achieve this

• Identify & develop opportunities

Our roles

• Facilitator

• Off taker

• Investor

Our priorities

• Exposure to market risk

• Generate renewable electricity

• Manage revenue expectations

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Historic unit price (p/kWh)

Low profile

WSCC profile

High profile

Generation & Demand

WholesaleCapacity

DUoSTUoSPolicy

Generation & Demand

WholesaleCapacity

DUoSTUoSPolicy

WholesaleCapacityDUoSTUoSPolicy

Progress to dateTangmere solar farm – one of

the first council-owned solar

farms in the country generating

5MW of solar and availing of

Feed in Tariff

Westhampnett Solar Farm & battery storage

system – subsidy free generating over 7MW of

solar and 4MW of battery storage

Technology risk

• Detailed specification

• Warranties

• Refresh requirement

Revenue risk

• Market opportunity

• Cost of Capital

• O&M costs

Over to you

• Do you have granularity of your cost base?

• Can you make a sensible projection of your future

energy costs?

• Would you know what a good deal looks like for

your organisation?

• If you expect an investor to invest in your project,

why wouldn’t you?