Corporate PPAs - Bilateral Trading

2

Price areas

EUR/MWh

SYS HEL FI TOT

2017 29,41 3,78 33,19

2016 26,91 5,54 32,45

2015 20,98 8,68 29,66

2014 29,61 6,41 36,02

2013 38,1 3,06 41,16

2012 31,2 5,44 36,64

2011 47,05 2,25 49,3

2010 53,06 3,58 56,64

2009 35,02 1,96 36,98

2008 44,73 6,29 51,02

3

Structured hedge instead of Feed In Tariff

or

Exchange

Offtaker

4

Structured hedge instead of Feed In Tariff

Offtaker

”Commercial PPA”

5

Structured hedge instead of Feed In Tariff

BRP/Supply services – Aggregation of Power Match expected load with expected production

Deficit power sourced

Surplus power sold

6

Structured hedge instead of Feed In Tariff

or

Exchange

Offtaker

Given price, for a given volume, for a given time period

7

Different structures and strategiesVolume

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year X

100%

8

Different structures and strategiesVolume

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year X

100%

9

Different structures and strategiesVolume

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year X

100%

10

Different structures and strategiesVolume

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year X

70%

11

Physical delivery

BRP/Supply services – Aggregation of Power Match expected load with expected production

Deficit power sourced

Surplus power sold

BRP of Offtaker

12

Physical delivery

BRP/Supply services – Aggregation of Power Match expected load with expected production

Deficit power sourced

Surplus power sold

BRP of Offtaker

SE1

NO3

13

Track record

Barlt – EnovosMarkbygden phase 1Guleslettene – AlcoaWindparks Sweden to 1 large consumer Finland (anonymized)

14

Different structures and strategies

It all depends!!

AdditionalityGreen energyLong term structures

Risk willingnessNeed of secured cash flowType of investor Bank financing Etc.

15

Corporate PPA

“The GoO is the counter”

BRP/Supply services – Aggregation of Power Match expected load with expected production

Deficit power sourced

Surplus power sold

“We are a green company”