2. Executive Summary
• WindVenture
is
a
renewable
energy
company
aiming
to
help
the
economic
recovery
of
the
area
around
l’Aquila,
harshly
hurt
by
the
earthquake
of
2009..
• WindVenture
propose
a
project
that
is:
• profitable
for
both
investors
and
local
community
• contribuCng
to
a
clean
environment
•
with
a
16%
IRR
• WindVenture
will
take
care
of
two
key
ac.vi.es:
1. Fundraising,
managed
by
a
team
with
exper.se
in
private
equity,
consultancy
and
entrepreneurial
ventures
2. OperaCons,
managed
by
an
industrial
partner
ac.ng
as
the
General
contractor
and
managing
the
project
down
to
the
smallest
detail:
o pre-‐authorized
land
purchase
o wind
mills
&
all
required
equipment
and
machines
supply
o plant
installa.on
and
maintenance
• Our
Target
investors
are
mainly
ins.tu.onal,
industrial
or
private
equity
investors
looking
for
a
sure
and
quite
sa.sfactory
IRR
who
desire
to
both
diversify
their
porLolio
while
contribu.ng
to
the
world’s
legacy
with
a
green
investment.
• Total
iniCal
investment
is
13
million
€
to
be
financed
through
20%
equity
and
80%
debt
• The
risk
of
the
project
is
medium-‐low:
80%
of
the
revenue
stream
is
given
by
incen.ves
guaranteed
for
a
15
years
period
• The
exit
strategy
for
investors
would
be
through
sales
of
shares
to
other
investors
or
sale
of
the
en.re
plant
to
a
bigger
company
3. Project Team
3
Laura
LaurenCni
Financial
Manager
Degree
in
Business
AdministraCon
Luca
Pegurri
Technical
Supervisor
Electronic
Engineer
YuLin
Celine
Chu
Market
Analysis
Bachelor
of
Business
in
InternaConal
Trade
Masataka
Matsuyama
Business
Development
Diploma
in
InternaConal
RelaCons
Francesco
Paolo
Toscano
Project
Manager
Electrical
Engineer
6. <
Market Trend & Industry Profitability (1/2)
• Different growth rates and maturity stages
• All technologies have potential for major capacity additions
Very highHydro
Wind
High
Medium (c-SI)
Low (Thin Film)
Geothermal
Solar
Low
Very highBiomass
TOTAL
Solar
PV
Concentrated
solar power
Source: Enel estimates based/WEO 2008/GWEC 2008 (2008); Industry reports/McKinsey (2020)
7. Market Trend & Industry Profitability (2/2)
Financial
a[racCveness...
...investment
benchmarking
(100€
invested,
end
of
2005)
0
25
50
75
100
125
150
175
200
2005
2006
2007
2008
2009
2010
FTSE
MIB
Industry
-‐
Energy
WindVenture
Bond
(20
y)
Eur
Geo
Biomass
Wind
on-‐shore
Hydro
CSP
Solar
PV
Wind
off-‐shore
IRR
return
(unlevered
a_er
taxes)
PotenCal
Capacity
AddiCon
(2008-‐2020,
GW)
Low
High
Medium
>
12%
10-‐12%
5-‐10%
10. WindVenture Business Model
We
will
raise
funds
from
private
investors,
through
small
individual
investments
(average
investment
of
15,000
€)
using
both
typical
and
innova.ve
channels:
• Our
personal
network
• Social
networking
• Environmental
associaCons
Fund
Raising
OperaCon
The
opera.ons
will
be
outsourced
to
an
industrial
partner
that
will
deliver
a
turn-‐key
wind
farm.
They
will
manage
the
following
aspects
of
the
project:
• Project
financing
with
banks
• Supply
of
materials
• Purchase/rent
of
a
pre-‐authorized
site
and
plant
construcCon
• ConnecCon
of
the
plant
to
the
electricity
grid
and
tesCng
for
overall
efficiency
11. Site Analisys: Casamaina (Abruzzo, Italy)
11
• Annual
mean
wind
spead:
8
m/s
• Ridge
height:
1500
m
• Specific
Weibull
distribuCon
of
the
site
16. Summary
A[racCveness
of
the
project_______________
• Profitable
investment
(IRR
16,14%)
• Low
risk
for
the
investors
• Economical
posi.ve
impact
on
the
area
