an invitation to TEA an invitation to TEA

A Presentation by Titan Energy Associates

TEA & Kane History

Kane History:- Coal Handling Ltd, Milewater Basin, formerly of Abercorn Basin.

(founded by Richard Kane & sold to Cawoods in 1997)

An introduction to India…… & granite!

Koradi Power Station, Maharashtra State, India ( Yr 2000)

Richard Kane (CRL) initially employed as a

consultant to the Archean Group to advise the Indian Government on how to create efficiencies in

public owned coal fired power

stations

Maharashtra State Electricity Board (servicing a population of 150m)

Right to left;

Mr. Madhan,

Mr.Kukde,

Tech. Dir.

R Kane, C.R.L.,

Mr. Deshpande,

Sup Eng. MSEB

Mr. Chapalge,

Ch. Eng

Gujarat Electricity Board

Right to left;

GEB Station

Managers,

Mr. Singh, CEO

R. Kane, C.R.L.

Kane Group Office

Opening

Dargan Road, Belfast

June 2007

Left to Right, Richard

Kane, Alderman Jim

Rodgers,

Mr. & Mrs Anandam,

Lindy Kane

TEA & Kane History

7

Kane Granite Products

Granite supplied by

Archean Group India

to

Kane Granite Products

Projects in UK & Ireland

Left. Tesco Flagship Centre Portadown,

Right. Titanic Quarter & Odyssey Arena

Belfast

Right to left;

Mr. P. Anandam, Chairman

(founder & owner),

Richard Kane, TEA

Mr. P. Ranjit, Director

(son & owner)

2005 Kane employed by Archean Group India to source wind turbine Technology

Left to right, R. Kane, Johnnie Andringa

(Business Development Manager)

Proven Wind Energy Ltd.

Scotland

Wind Energy Solutions (WES)

Holland

Left to right R, Kane, Mr. Frank Hoogers (WES)

Ingetur Spain

(part of Acciona Energia)

Left to right, Mr. Pedro

Ruiz (Group CEO), R.

Kane, Mr. Javier Ojeda

(Chinese CEO), Mr.

Eduardo Medina

(Commercial Director)

Ingetur Spain

(part of Acciona Energia)

Factory Floor Navarra, Spain 1.5 mw Turbine

Production

Navarra is one of 2

factories in Spain

with a 3rd in China.

Total annual

production capacity

for 2006 estimated at

1000 units x 1.5mw

turbines (or aprox

330 units per factory)

Turbowinds Belgium

Left to right, R. Kane,

Mr. Wilfired Van

Melckebeke, General

Manager

WinWind Oy Finland

Left to right

President of

WinWind, Mr. Veli-

Matti Jaaskelainen,

R. Kane

Left to right, R. Kane,

Mr. Gerald Hehenberger

Owner & CEO, Windtec

Austria

Left to right,

Geoff

Henderson

founder and

MD & R. Kane

pictured in a

gale force

wind visiting

the prototype

trurbine just

outside

Christchurch

Windflow New

Zealand

Harakosan Ltd. Japan & Holland

Left to right Mr.

Watananbe (CEO),

R. Kane, Mr.

Richard Van

Rossen, Project

Manager

Gearless 2 MW

Prodcuer

The VWEC Archean “EuroAsia” Team 2007 - 2009

VWEC & Archean XV90 IPR

Sold to XEMC Windpower 2010

Innovative Class Leading

design

2.5 mw Gearless Direct

Drive

80m Tower Height

90 m Rotor Diameter

Adaptable to Class 1, 2 &

3 wind sites

History of XEMC Group & XEMC Windpower • Xiangtan Electric Manufacturing Corporation (XEMC)

established 1936 in Xiangtan, Hunan Province, PRC

• “The Cradle of Chinese Machinery and Electric Products”

• XEMC Group Turnover 2010 $ 3bn USD

• XEMC Windpower Established in 2005

• Licensed to manufacture and sell Harakosan/Zephyros 2 MWXE72 direct drive permanent magnet technology

• Further Development of 2nd generation XE82, XE87, XE93

• Over 900 units manufactured & installed in China (1.8 GW)

• Production capacity >2000 units per annum

• 5th largest wind turbine manufacturer in China

• 2009 acquired Darwind 5mw offshore technology IPR

• 2010 acquired VWEC 2.5mw onshore technology IPR

XEMC Group Structure

TEA Marketing Objectives • Create a XEMC Turbine Sales Pipeline:- UK, Ireland & North America

• Create Multiple Finance Options:- Private Equity, Traditional & Government

• Create Strategic Partnerships:- Government, Customers, Utilities, O & M, Insurance, Finance, Component Supply, Local Community & within the XEMC family.

• Create a clear position for XEMC on quality of product, service & cost.

• Communicate the XEMC ethos and ensure we perform (“walk the talk”)

• Undertake our business under a strict moral and ethical code of practice.

• Create a “desire” within the market to partner with XEMC…to be unique!

• Make XEMC “THE” GLOBAL leader in wind turbine technology.

• Achieve these objectives in the lifetime of the opportunity. Do it Now!

team TEA - the board

• Michael Harper :- Council Member IWEA & BWEA

• Richard Kane:- TEA Founder, Marketing & Finance

• Hugh Loughlin :- USA Sales & Asia Finance

• Michael Loughran:- Sales, Ireland Partner of Statoil

• Sean Mahon : Sales, MD Europe Cable & Wireless

• Stewart Porter:- Sales, UK & Ireland

• Yuan Yuan Zhang (Sarah):- Accountant

Why

Ireland?

Why

Ireland?

November 2010

Presented to:-

Factory Site Feasibility

Study Conducted by:- In association with:-

& :-

European NREAP 2020 Wind Figures

OFF Shore Ireland

East Coast, + UK

West & South

Coast = 14GW

2010 -2020

PLUS

ON Shore UK

= 5 GW+

PLUS

ON Shore

Ireland

= 5 GW

Why Ireland?

MEG I

ENERGY POTENTIAL OFFSHORE WIND

NORTH SEA: 150 GW

€60billion Irish

Sea Market

IRELAND XEMC

WINDFARM SPV

XEMC VWEC BV

Investor

Electricity Sold

to Utility

Companies

Ireland & UK

XEMC & Investor

loans to SPV secured

against windfarm

assets & PPA

Ireland

Government

Power Sold $ Income

Ireland…the strongest wind in Europe

PLUS Government owned Windfarms!

A proposal……..

5000 mw required

2011 -2020

40%

renewables

target for 2020

Dublin

Ringaskiddy Cork

XEMC Potential Factory Site Locations

Belview Waterford

Killybegs

Foynes Askeaton

Belfast

XEMC Factory Feasibility Study

Visit to Stormont, Belfast

Hosted by N. Ireland Assembly

Left to right

Richard Kane, TEA

Robin Newton MLA, MP

David Cheng. XEMC

Peter McCormick, TEA

Hugo Groenemans, XEMC

XEMC Factory Feasibility Study (represented by XEMC agents, Titan Energy Associates)

Visit to Cork Harbour

Hosted by IDA

Left to right

Pete Townsend, IDA

Richard Kane, TEA

Stewart Porter, TEA

Ray O’Connor, IDA

John Nugent, IDA

TEA Customer Visit to XEMC Xiangtan

TEA Customer Visit to XEMC Xiangtan

XEMC Xiangtan Factory Capacity of 1000 x 2mw turbine units per year

One of four XEMC factories. Total capacity of 2000 units p.a.

Current Products

Onshore 2.5MW

XEMC-VWEC XV90

Offshore 5MW

XEMC-Darwind XD115

XD115 Offshore 5mw Prototype

Strabag, XEMC, Gaelectric

& TEA Working Group

established to explore

offshore Ocean Joule

15mw pilot project with

view to 1gw licence

Visit to

Cuxhaven

Germany

XEMC Showroom Windfarm Agreement

XEMC, TEA &

Gaelectric

Senior

Management

agree to

develop 3 x

showroom

windfarms in

Ireland

August 2011

Eirgrid Ireland Energy Export to UK

XEMC & TEA

Management

meet with Eirgrid

Dublin to learn

about Ireland’s

plans to export

more energy to

UK mainland

August 2011

USA :- Market Demand

• USA Power demand predicted to increase by 29% by 2030

• An additional 120GW of capacity will be needed to maintain

a 15% reserve margin in the US by 2016 (the minimum

reserve margin for a stable supply)

• Wind power has been the fastest growing source of new

electric power generation for several years. With 34.3GW of

total capacity, wind now accounts for 3.3% of total US

capacity

• In 2009 and 2010, US wind generators were eligible

for up to $80 billion usd of the US Stimulus Bill is

earmarked for energy projects

USA:-Chinese players in the US

market & their finance partners

(*) Pollock, Caitlin. IHS Emerging Energy. “Finding the Right Project Development Partner: Analyzing Chinese

Companies.” 7 December 2010, p4

Company Financier Line/Limit Instruments

Baoding Huide CATIC (CIAC) US$300 million Loans and guarantees for US

projects

Goldwind China Development

Bank (CDB)

US$6 billion Equity and debt

A-Power Shenyang Power

Group

US$36.6 million Third party financing of up to

49% of CAPEX of US project

Baoding

Tianwei

CDB Undisclosed Loans

Mingyang ICBC Guangdong US$737.3 million Loans & lease financing

Sinovel CDB US$6.5 billion Medium and long term loans

XEMC XEMC New Energy

Investment Co

US$301.1 million Equity and debt

CSIC

Haizhuang

Chongqing Energy

Investment Group

undisclosed Equity and debt

Select China Wind Player PRC Financing Support(*)

USA :- Diplomatic Dimension

• 2011 Hu Jintao Washington Visit: Trade Relations Tighten

– President Obama showed no distance to the visiting

premier

– Premier Hu emphasized the positive effects of China on the

American economy through an estimated $6.2 billion of

Chinese investment in US based companies, real estate

and other assets last year

– Many US companies signed agreements with

Chinese counterparties on a variety of

energy projects

IRELAND XEMC

WINDFARM SPV

XEMC VWEC BV

Investor

Electricity Sold

to Utility

Companies

Ireland & UK

XEMC & Investor

loans to SPV secured

against windfarm

assets & PPA

Ireland

Government

Power Sold $ Income

Ireland…the strongest wind in Europe

PLUS Government owned Windfarms!

A proposal……..

5000 mw required

2011 -2020

40%

renewables

target for 2020

Thank you for your time!