1. DMITRIY CHERNYAVSKYY - EDP
RENEWABLES
MORAY OFFSHORE RENEWABLES LTD.
• PROCURMENT ASSISTANT
• 6TH OF JUNE TO 2ND OF SEPTEMBER 2016

2. 1. Introduction
2. Project Overview
i. Moray Offshore Renewables Ltd
3. My role
i. Scenario of my analysis
ii. Brexit analysis
4. Environmental impact
i. Reduction in Costs
• CONTENT

3. • 4th-year student at the University of Edinburgh
• Have learnt aboutBright Green Placementsindirectly
• Sphere of sustainable development
• HypEd - facebook.com/hypedinburgh
• Making world a better place
• INTRODUCTION
• EDP – Energias de Portugal
 LeadingPortuguesebusiness group
• EDP Renováveis
 Based in Madrid
 3rd largest wind generator globally
• MORL project

4. • The Eastern DevelopmentArea within the Moray
Firth zone will be constructed first, see Figure 1.
• Further split into three wind farm sites as also
illustrated in Figure 2.
• Smith Bank in the outer Moray Firth.
• Approximately22km from the shore.
• 520 square km.
• 37m-57min water depth.
Figure 1: MORL Development Area
Figure 2: Eastern Development Area
• PROJECT OVERVIEW
!

5. • Bottleneck of the office
• Not a standard procurementjob
• Hypotheticalsand assumptions
 Invitationto bids
 Requestfor Proposal
 Risk/Delay Analysis
 Due diligence
• MY ROLE
Other Responsibilities:
• Constantconsciousnessand concentration. Due to confidentiality of information.
• Negotiations.Being a face of the company.
• Small contract issues, a lot of collaboration with legal team.

6. Finish-to-Finish analysis: Appearance of a Delay
SCENARIO: 18.5% SLOW PROGRESS
0%
20%
40%
60%
80%
100%
120%
20/01/20 10/03/20 29/04/20 18/06/20 07/08/20 26/09/20 15/11/20 04/01/21 23/02/21
Progress
Finish Date
18.5% Slow Progress: Impact of a Delay
Sub. Base Case
Sub. Grace Periods
IAC Prep. Base
Case
IAC Burial Base
IAC Test Base
IAC Inst Base
Sub Scenario
IAC Prep Scenario
IAC Ins Scenario
IAC Burial Scenario
IAC Test Scenario
NOTE - The difference between BASE
CASE (dashed line) finish and
SCENARIO (solid line) finish is the
basis for calculation of delay cost
NOTE – An intersection of the two
glowing lines is our main source of
Liquidated Damages.
More specifically – The area to the
right hand side of the grey and to the
left hand side of the glowing red line
Total value of LDs: Cost (IAC) No Buffer
4,424,335£ 15,411,182-£
Duration of a Delay in IAC:
50.1
Net Value with NO buffer
10,986,847-£
Duration of a Delay in
Substructures: 36.9
Net Length:
329.9
Total Length: 380.0

7. • BREXIT HAPPENED
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0.40
0.50
0.60
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0.80
0.90
1.00
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
ExchangeRateValue
Year
GBP/EUR Exchange Rate
GBP/EUR MVOW agreed base
When estimate
is made Escalation of
cost is a
danger to us
• Adjusting all the math
• Danger to existence of MORL
• Made project less feasible

8. • WHAT DID I GET OUT FROM THIS PLACEMENT?

9. WHAT DID I GET OUT FROM THIS PLACEMENT?

10. • ENVIRONMENTAL IMPACT
• Lowest global warming potential per unit of electrical
energy generated
• Some downsides:noise produced by the rotor blades,
etc.
Tackles existing problems and generates new
ones:
• Marine life
• Overall less impact on environment
• Costs are at the stage of reduction due to
economiesof scale and similar effects

11. • REDUCTION IN COSTS
Observe the
reduction in
Levelised Cost of
Energy (LCOE).

12. Thank you for your time!