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Disney Difference and How It Affects the Company’s Corporate, Competitive and Functional Strategies

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http://www.all-energy.co.uk/__novadocuments/54287?v=635376506404000000

Managing the Biomass Risk
Darren Williams
Commercial Director
Eco2 Limited

Background
Swalec
Joined generation business in 1993
Energy Power Resources 2006
Biomass and waste energy
Ely Straw fired station project manager
Largest biomass generator in UK
Founding Director of Eco2 2002
Wind Dummuie, Betws, Hatton, Bogenlea
Landfill Gas 4 projects with 10MW capacity
Tidal Energy Limited
Biomass Western BioEnergy, Sleaford, Brigg and a further 8 biomass plants throughout UK and Europe under development Is Biomass Riskier than Wind?
Both offer construction and fuel risk
Proven technologies available
Long term contracts achievable
A biomass plant has a team on site to make sure it runs 24 hours a day

Lots of projects with good operating history; but
DEBT FUNDERS ARE NOT SURE!

Key Biomass Risks
Three Key Risks:
Fuel
Fuel
Fuel
Other Risks
Legislation
Construction/Technology Risk
Offtake provisions
Operating Risks

Fuel

Key Risks

Scale of the Plant - Is there enough?

What will the price be in the long term?
How do you get it to the plant at all times?
Counter Party Risks?

Is there enough?

Brigg
Sleaford
Snetterton

What will the price be in the long term? In depth knowledge of the market
Needs third party confirmation
Long term fuel contracts

Ability to utilise back up fuels

How do you get it to the plant?
Need to fully explain the fuel logistics strategy
A track record of managing fuel for a UK biomass plant
Appropriate contingency planning
No substitute for having done it before

Counter Party Risk
Wide range of fuels with wide range of suppliers
Some large scale suppliers in the market
Strength of counter part vs number of contracts

Legislation
Grandfathering

Biomass Cap
End of

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