1. www.intpow.com Norwegian Renewable Energy Partners INTPOW – Your Networking Arena date.month year – Location Norwegian Renewable Energy Partners INTPOW Lisbon – November 27th 2012 Morten Bygland, Regional Director

2. Norwegian Renewable Energy Partners – INTPOW Promoting Norwegian renewable energy capabilities internationally

3. www.intpow.com Some of Our Partners

4. www.intpow.com Hydro Power Markets Priority : South East Europe with initial focus on Turkey. Secondary : Projects in Southern Africa (sub-Saharan Africa). Under observation: China, India, South America. Solar PV Market: Priority : Southern Europe bordering the Mediterranean Sea. Initial focus on Italy. Secondary: Project development in Sahara. Under observation: USA, India. Offshore Wind Markets Priority : North Sea with initial focus on German and UK-projects. Secondary : North Europe and USA Under observation: China Renewable Energy Markets 2012

5. www.intpow.com Offshore Wind Market Forecast

6. www.intpow.com UK offshore market forecast  UK– around 40% of European market  The UK will require 7,500 offshore turbines by 2020 to meet EU targets

7. www.intpow.com UK market – optimism fading? Cumulative UK offshore wind project pipeline approaching 50GW Less than two years ago, The Crown Estate hopeful that 33GW would be built by 2020 15GW by 2020 is now seen as the upper end of likely scenario Major players benching investment decisions due to lack of clear signals regarding support level after 2017

8. www.intpow.com Market impetus in Germany, France and Denmark Germany abandoning nuclear – previous 10GW target for 2020 could now be exceeded with more attractive FiT front loaded to stimulate build France launched first offshore wind tender for 3GW with a further 3GW to follow New Danish Government has raised wind energy targets to 50% by 2020 – will need offshore wind to achieve.

9. Offshore Oil&Gas Grid connection & Transmission Maritime Harbors Yards Onshore Power Generation Offshore Wind 40 years of offshore exploration and production Renewables portfolio of hydropower and wind power Both onshore and offshore including interconnectors A leading nation in shipping industry Many existing and new yard and ports facilities suited for the deep offshore market Norway: A unique offshore and energy heritage A huge supply chain capacity potential shared with Oil&Gas interests Extensive offshore experience and know-how to be transfered Solid financial strength and investment capacity

10. Norwegian presence in key reference projects Alpha ventus Hywind Havsul 1 Tripod fabricated at Aker Verdal Jacket design by NorWind EPCI foundation for jackets World ’s first floating turbine Germany’s first offshore wind farm Sheringham Shoal Norway’s first large scale consented project Nord See Ost Largest offshore wind jacket EPC contract to date (48 + units) Norway’s first large scale consented project

11. Company screening More than 140 companies identified excluding research & clusters - only companies active towards the offshore wind market The interest for offshore wind is fastly accelerating but market entry issues.

12. www.intpow.com Europe – a single offshore wind market

13. www.intpow.com The need for involvment by the maritime industry! Vessels!

14. www.intpow.com Turbine and foundation installation vessels

15. www.intpow.com Accumulated forecast to 2020

16. www.intpow.com Installation vessels: Global supply vs. demand

17. www.intpow.com European forecast to 2016: supply vs. demand

18. www.intpow.com Cable vessels

19. www.intpow.com Cable installation fleet

20. www.intpow.com O&M and accommodation vessels

21. www.intpow.com O&M jackups: supply vs. demand

22. www.intpow.com Norwegian maritime contributions

23. Master Marine Fred Olsen WindCarrier Alumer Båtservice Mandal Måløy Verft AS NOREQ Ulstein group / Windlifter Eide Marine Windflip Ingenium National Oilwell Varco Aker Solutions Vest Kran /Sealock Undertun Industri Brothers AS NorWind & NW Installer Inwind Fiskerstrand BLRT Marine ops and logistics Marine operations/installation solutions - Norway Extensive marine operations and logistics from the maritime heritage Inwind Installer (Inwind) Windlifter (Ulstein) Service Jack II (Master Marine) Windflip Norwind Installer Ingenium Sealock (Vestkran) Windcarrier (Fred Olsen) Sea bridge (Brothers) Eide Marine National Oil Well HPTIV (Aker Solutions) Only the leading players are represented

24. Support & O&M vessels - Norway Many other vessels will be needed: –Personnel transfer vessels –T ugs –Accommodation vessels –Guard / Standby vessels Offshore Windservice ApS / FOB Shipping of Bergen, order at Måløy Verft yard New needs for support and O&M vessels will emerge as the industry steps in operational phase. An example: Horns Rev II construction 52 different vessels involved. up to 30 different vessels on the site at a time. Ulstein X-Bow design for Seaenergy O&M vessel Offshore wind Service vessel Only the leading players are represented

25. www.intpow.com morten@intpow.com Tlf.:+4748000810 INTPOW, Molde Aker Stadium Thank you for the attention!