1) Evelop is a global company that develops sustainable energy projects including offshore wind farms. It has over 900 employees across 19 countries. 2) Evelop aims to develop 4000-5000 MW of installed offshore wind capacity. It handles all aspects of project development, from site investigation to construction and long-term operations and maintenance. 3) Evelop's development process for offshore wind farms includes preliminary site assessment, geophysical and geotechnical surveys, metocean studies, engineering design, permitting, and financing to bring a project from concept to realization.

1. Offshore Wind Farm Development & Geophysics Maarten Timmerman March 5th 2008

2. Presentation Evelop / Econcern Project Development Development phase Offshore Wind Farms Engineering & Procurement Site Investigations Data Integration – Design Basis

3. Evelop: Part of the Econcern group Shareholders Econcern: -Management & Employees -SHV Shareholders Ecostream: - SHV - Entrepreneurs Fund

4. Founded in 1984 900 employees 19 countries Econcern offices worldwide Antilles: Curaçao | Belgium: Brussels, Bruges | Brazil: Sao Paolo | Bulgaria: Sofia | Canada:Missisauga, Toronto, Vancouver | China; Beijing, Hongkong, Wuhan | Chile: Santiago | Czech Republic: Praque | France: Lyon, Paris, Soissons | Gambia: Banjul | Germany: Cologne, Nueremberg, Berlin, Aachen-Heerlen | Italy: Turin | Netherlands: Utrecht, Heerlen-Aachen, Goes, Zoetermeer | Poland: Poznan, Warsaw | Spain: Barcelona, Sevilla, Madrid | Switzerland: Zug | Turkey: Istanbul | UK: London, Sheffield | USA: Sacramento

5. A global player in the sustainable energy market ~100 employees Target to develop 4000 MW - 5000 MW installed capacity In-house: development, realization & contracting, O&M, financial engineering Who is Evelop?

6. Organization chart Evelop International Financial Engineering Evelop Projects (SPC Holding) Real Estate & Energy Infra Renewables Operations & Maintenance Solar Biomass digestion SWAC Wind offshore Wind on land Biomass combustion Energy Infra Commercial Housing Ecopower Breeze Q7 BEC1 Piscadera Scira

7. Antilles: Curaçao | Belgium: Brussels | China: Peking| Czech Republic: Prague | France: Vienne, Soissons | Netherlands: Utrecht, Goes, Leeuwarden | Poland: Poznan | Spain: Barcelona | UK: Sheffield

8. Evelop Renewables Onshore wind Offshore wind Biomass digestion Biomass combustion Solar Sea Water Air Conditioning (SWAC)

9. Evelop Renewables Onshore wind Offshore wind Biomass digestion Biomass combustion Solar Sea Water Air Conditioning (SWAC)

10. Windpark Q7 Capacity 120 MW 125.000 households 23 km offshore Investment € 383 M Construction started October 2006 Expected to be operational spring 2008 First non recourse financed offshore wind farm ever Euro Money deal of the year award See also: www.q7wind.com

11. Scira Capacity 315 MW 178.000 households 9 nautical miles offshore Investment € 800 M 2nd round, expected to be operational end 2010 Partner: StatoilHydro See also: www.scira.co.uk

12. Belwind 330 MW 350.000 households 46 km offshore Investment 900 € M Expected to be operational 2009 – 2010

13. Project development from idea to realization and exploitation Financial engineering Initiation Development Construction Operations & Maintenance Contracting

14. Development phase Select site (data acq, desk research) Land (or sea bed): buy, lease, concession Permits (all: building, environmental, cables) Engineering & procurement Financing (equity, debt) Insurance

15. Development phase Select site (data acq, desk research) Land (or sea bed): buy, lease, concession Permits (all: building, environmental, cables) Engineering & procurement Financing (equity, debt) Insurance

16. Engineering & Procurement Preliminary Site Assessment Preliminary Design Basis Conceptual foundation design Site Investigations Preliminary Foundation design Design Basis Tender procedure Contract

17. Preliminary Site Assessment Geological model of the site Preliminary definition key geological processes Preliminary Metocean conditions Identification Geotechnical risks Identification of areas insufficient information Outline scope additional survey

18. Preliminary Site Assessment

19. Preliminary Site Assessment

20. Preliminary Site Assessment

21. Preliminary Site Assessment

22. Preliminary Site Assessment

23. Preliminary Site Assessment

24. Preliminary Site Assessment

25. Site Investigations Geophysical Survey Geotechnical survey Metocean Study

26. Geophysical survey Establish bathymetry Identification and location of significant seabed features Determination geometry of subsurface layers Extrapolation of local geotechnical data across the site Outline scope of Geotechnical survey

27. Bathymetry

28. Significant seabed features

29. Geometry of subsurface layers

30. Geometry of subsurface layers

31. Outline scope of Geotechnical Survey Size, location and foundation type of any seabed structures. Complexity of geological model. Presence and distribution of geotechnical hazards. Variability and uncertainty in geotechnical properties.

32. Outline scope of Geotechnical Survey

33. Geotechnical Survey Refined geological model variation in ground conditions Idealized ground profile at foundation location Geotechnical parameters for foundation design Identification of geotechnical hazards

34. Geotechnical Survey

35. Geotechnical Survey

36. Geotechnical Survey

37. Refined Geological model

38. Refined Geological model

39. Parameters for foundation design

40. Parameters for foundation design

41. Metocean Data

42. Metocean Data

43. Foundation Design

44. Foundation Design

45. Data Integration – Design Basis Site conditions Codes standards and requirements Design Installation & Commissioning Operation & Maintenance => Contracting phase

46. Questions??