ERM Wind Energy Advisory Services

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WindEnergy AdvisoryServices

Company Overview

Sustainability is our business

Wearetheworld’slargestpureplay sustainabilityconsultancy

Foundedin1971,wearethelargestadvisoryfirmintheworld focusingsolelyonsustainability,offeringunparalleleddepth andbreadthofexpertise.

We shape a sustainable future with the world’s leading organizations

Ourpurposeguideseverythingwedo.Wecreateabetterfuture byhelpingtheworld’sbiggestbrandsaddresstoday’s sustainabilityimperatives.

We are the recognized market leader in sustainability services

Numerousindustrybenchmarksattesttoourmarket leadershipandthemajorityofourworkissole-sourced, reflectingtrustedpartnershipswebuildwithourclients.

ERM named as a Leader in ESG and Sustainability Consulting by independent analyst firm

ERMwasthehighestscoringconsultingproviderintheCapabilitiesassessment

ERM,theworld’slargestspecialistsustainabilityconsultancy,hasbeennamedasan ESGandSustainabilityConsultingLeaderinnewresearchfromindependentanalyst firmVerdantix.

TheGreenQuadrant:ESGandSustainabilityConsulting2024 reportfromVerdantix providesabenchmarkofthemostprominentESGandsustainabilityconsulting providersinthemarket. ERM features in the Leaders’ Quadrant and achieves the highest score among all firms on the capabilities dimension of the assessment.

ERMwereparticularlycommendedforitsoperationaltransformationcapabilities,ESG financialadvisoryservices,andbreadthanddepthsofitsESGandsustainabilityoffer, scoringthehighestorjointhighestofallassessedconsultingprovidersintheseareas.

TomReichert,GroupCEOatERMsaid:“ERMisproudtofeatureintheLeaders’ Quadrantandachievethehighestscoresonthecapabilitiesassessment.It’sfantastic recognitionoftheimpactwehavehelpingourclientstointegratesustainabilityinto theirbusinessstrategiesandenhancesustainabilityperformanceincriticalareassuch asproductsandsupplychain.”

Fullpressrelease:Link

We offer a fully integrated suite of services that help clients address today’s

sustainability imperatives

SUSTAINABILITY

IMPERATIVES Strategy to win in a sustainable world Financing the transition to a sustainable economy Creating sustainable products and supply chains Developing physical assets in a sustainable way Integrating sustainability & compliance into daily operations

ERM CAPABILITIES

ENABLERS

• Accelerating decarbonization

• Transformingfor sustainability

• Leveragingcarbon markets&natural climatesolutions

• Advisingtransactions withafocusonESG

• ImplementingESG playbooksforfinancial institutions

• ManagingESGrisks& disclosures

• Ensuringglobal productstewardship

• Drivingproduct sustainability& circulareconomy

• Creatingsustainable supplychains

• Buildingthe renewableenergy future

• DeliveringESGalignedcapital projects

• Maximizingasset value–limiting liabilities&unlocking regeneration

People: Stakeholdermanagement,capacitybuilding,changemanagement,businesstransformation

Process: Complianceassurance,performancemanagement,disclosure&reporting

Technology: Digitalizationofworkflows,artificialintelligence,proprietarytools

• Embeddingnature& waterindecision making

• ImprovingEHSrisk management& performance

• Securingsociallicense &buildingsocial capital

• Creatingasafe& healthyworkplace

Renewables advisory support at every level of the organization and at every decision gateway

Integratedservicestodrivevalueandhelpourclientssucceed.

Strategy & Markets

Strategy Consulting

Technical Advisory

Project Feasibility

• Dataservices,analytics,marketintelligence,policyanalysis

• Marketentrysupport,bidevaluationandsupport

• Competitoranalysis,supplychainassessment

Project Development

• Siteidentificationandselection,alternativesassessment

• Siteevaluation;levelizedcostofenergy(LCOE),environmentalandsocial constraintsmappingandanalysis

• Projectmaturation

Project Delivery

• Environmental&SocialImpactAssessment(ESIA)

• Permittingandconsenting -meetingbothlocalandinternationalstandards

• Stakeholderengagement,climatechangeresilience,labourandhumanrights advisory,decommissioningandrepowering

• Transactionadvisory(TechnicalandESG),M&Asupport

• Projectmanagement,projectengineering,technicalsupport

• Quality,compliance,HealthSafetyEnvironment(HSE),riskmanagement

Leading clients

ERMworkscloselywiththeworld’sleadingcompaniesandpublicentitiesoperatingintherenewableenergysector

Contractors and manufactures

Financial Services and Corporate Buyers

Public and Social Sector

Developer and IPPs

Company Experience

Japan Offshore Wind Experience

ERMhavesupportedJapaneseclientsacrossawiderangeoftechnicalandenvironmentalscopeintheoffshorewindsector.Belowis asmallselectionofourkeyengagements.

Japan OSW Auction Technical Advisor

Client: Confidential

• AssessmentofEPC,O&Mandfinancial documentationprovidedbyClienttosupportauction bidsubmission.

• Identifiedandopinedonkeyrisks,omissionsand opportunitiesinClient’sprojectplan.

Japan OSW Auction

HSE Document Development

Client: Confidential

• Supportwithdevelopmentofbiddocumentation relatedto“Considerationforworker’shealthand safety,crisismanagementandenvironmental protectionduringtheconstructionperiod”.

APAC Wind Power Supply Chain Study

Client: Global Wind Energy Council (GWEC)

• Analysisofwindpowersupplychaininsixcountries throughouttheAsiaPacificregionincludingJapan, identifyingpotentialbottlenecksthroughto2030.

• SupplychainrecommendationsinAPACregionbased onconsultationswithstakeholdersineachcountry.

Environment and Social Impact Assessment

Client: Confidential

• ConductedpreliminaryE&Simpactassessmentfor proposedOSWprojectinJapan.

• Collectedbaselineinformation,conductedconstraint mappingassessmentandprovidedregulatoryreview

Overseas Offshore Wind Market Assessment

Client: Confidential

• Evaluationofoverseasoffshorewindmarketfor JapaneseClienttosupportmarketentry

• Researchofpolicies,technicalpotentialandexisting projectinformationleveragingERM’sproprietary GRIPtool.

Wind Turbine Installation

Vessel Market Study

Client: Confidential

• Globalanalysisofwindturbineinstallationjack-up vesselmarket.

• StrategicadvisoryprovidedtoClienttoprovide recommendationstomaximisetheirmarketposition.

Japan OSW Auction Technical Advisor

ERM provided TA services to support a developer’s bid into the Round 2 offshore wind auction.

Astheindependentthird-partyadvisor,ERMperformedatechnicalassessmentof theProject’sEPCandO&Mcontracts,CapEx,OpExandDevExtoopineontheproject strategy,identifiedkeyrisks,omissionsandopportunities.

APAC Wind Energy Supply Chain Study

ERM collaborated with Global Wind Energy Council (GWEC) to carry out a wind power supply chain study in the Asia-Pacific region.

Throughover100consultationswithkeystakeholdersintheAsiaPacificregion, supplychainchallengeswhichcouldactas potentialbarrierstoachievingtheambitiouswindenergydeploymentwereidentified.Recommendationsatbothcountryand regionallevelswerepreparedtopromotesupplychaindevelopmentstoovercomethesebottlenecks.

Overseas Offshore Wind Market Assessment

Evaluation of overseas offshore wind markets for Japanese offshore wind developers to support market entry

ERMhaveleveragedourproprietaryoffshorewindprojectdatabaseGRIP toscreenandevaluatemultipleoverseasoffshorewind marketsattractiveness,potentialriskandareasofopportunityfortheClient.Thestudyfocusedonthekeyareassuchaspolicies, offtakeprocess,leasingandpermitting,localcontentrequirements,technicalpotentialandexistingprojectdata.

Japan OSW Auction HSE Document Development

• ERMassistedinthepreparationof documentsrelatedto‘Consideration ofworkerhealth,safetyandrisk managementandenvironmental protectionduringtheconstruction period’within‘Annex7:Construction plan’inJapan'soffshorewindauction submission.

• WepreparedaHSEplanintegrating theoperator'sinternalstandardsand Japaneseoffshorewindindustrybest practice.

• ERMleveragedourextensive experienceinprovidingHSEsupport foroffshorewind,bothdomestically andinternationallyandworked closelywiththeClientthrough multipleworkshops.

Environmental and Social Impact Assessment

ERM has provided EIA consultancy services for several offshore wind projects off the Japanese coast.

ERMhasover20yearsofexperienceinsupportingdevelopersnavigateJapanese environmentalregulationsandpolicieswhichwehaveleveragedinrecentyearsto supportthedevelopmentofoffshorewindprojects.ThroughouttheEIAprocess, ERMcombinesadeepunderstandingoflocalcontextwithstrongknowledgeof internationalstandards.Partneringwithalocalfirmspecializinginenvironmental surveyactivities,ERMworkstoensuresmoothprogressthroughthekeypermitting milestones.

ServicesprovidedbyERMinsupportoftheEIAprocessinclude:

• Supportwithpreliminarymeetingswithprefecturalandlocalmunicipality officials

• PreparationofPrimaryEnvironmentalImpactConsiderationReport,including reviewofexistingsecondarydata,consultationwithkeysubjectmatterexperts, evaluationofpotentiallysignificantimpactsandinitialstrategiesformitigation.

• SupportwithdisclosureofEIAreports,includingsessionswithreviewcommittee.

• PreparingresponsestopubliccommentsforthedisclosedEIAreports

Wind Turbine Installation Vessel Market Study

ERM performed a global market study of jack-up vessels used for the construction of offshore windfarms for a Japanese Client, in collaboration with an international vessel broker

• EstimationofthemarketvalueofSEPvessels

• MarketanalysisforthecharteringandsaleofSEPvessels.

• Overviewofoffshorewindpowerprojectsaroundtheworld,includingthesizeof windturbinesinplannedprojects.

• Useofjack-upvesselsintheoffshorewindpowerO&Mmarket

• Useofjack-upvesselsinnon-offshorewindpowerapplications,e.g.oilandgas

• Strategydevelopmentsupportforjack-upvesselsintheoffshorewindsector.

ERM Dolphyn

Dolphyn is an example of ERM turning a vision into a reality: creating a first-of-a-kind transformative solution for our society.

ERMhasbeenproudlydevelopingDolphynsince2018, focusingontheproductionofultra-low-carbonhydrogenat scale.Ourapproachcombineselectrolysis,desalinationand hydrogenproductiononafloatingwindplatform,bring hydrogentoshoreviapipelinetothesectorsthatneeditmost Itneedsnoelectricalgridconnection,andthehydrogen producedgenerateszerocarbonemissionsatthepointofuse.

Withover$15millionofsupportfromgovernmentsinthe UnitedKingdom,ScotlandandWales,ERMhastakenDolphyn’s developmentfromearlyconceptfeasibilitythroughdetailed engineeringandevaluatingsiteselectionoptions.LastJune, ERMcompletedthefirstoffshoredemonstrationofhydrogen productionfromelectrolysisusingseawater.Plansarealso acceleratingforthefirstcommercialscaledevelopment(100 MW-300MW)intheCelticSea,offthecoastofWales.

TofollowthejourneyofDolphyn,pleasevisit www.dolphynhydrogen.com.

Photos: Dolphyn Hydrogen

Digital Solutions

Digital systems & solutions

ERM’sdigitalbackbonesupportsclientsalongtheirdecarbonizationjourney

Attheheartofourforecasting,modelling andresearchistheGlobalRenewable InfrastructureProject(GRIP )digital datahub.Theauthoritativesourcefor essentialoffshorewindindustry information.

REALISE isourprovenworkflowfor renewableenergyprojectvalue realisation.Frompre-feasibilitymarket assessmenttooptimisedsiteselection.

LEnS isourtooltoassessproject competitivenessforclients,inthecontext ofanincreasinglycompetitivemarket-at itsheartisproprietarylevelizedcostof energymodelling.

We provide a range of data, forecasting, modelling and research tools.

At the heart of its service is our Global Renewable Infrastructure Project (GRIP ) digital data hub.

GRIP : The authoritative source for essential offshore wind industry information.

• Wesuccessfullyproduceddata extracts,analysis,andforecasts forawiderangeofclients,from projectdevelopers,investors, manufacturers,supplychain players,andNGOs.

• GRIP 2.0isourlatest iterationoftheproduct,with improvedfunctionality,speed, andease-of-use.

Highly usable

Simpledesign, searchabledata,mobile friendly

Scalable functionality

Dashboards,charts, advancedanalytics

Instantaccessto verifieddata,updated daily Fast and frequent

GRIP storespubliclyavailableinformation relatingto1000+existingandplannedoffshore windprojects,withworldwidecoverage.

Theglobalmarketintelligencesystemisavailable viapersonalcomputer,tabletandsmartphoneand canbeaccessedthroughanyinternetconnectionvia ouronlinedataportal,atthefollowingURL: grip.thinkrcg.com

Proprietarymodels–withexpertsupportand analysis Built by experts

REALISE is our proven workflow for renewable energy project value realisation.

REALISE : Full value-driven method

• Fromfeasibility,through permittingandsite development,toprocurement management,ourexperts havethespectrumof experiencetobringingenergy infrastructureprojectsto fruition.

Ensuringadequate,useableenergy resourceforacommerciallyviable project.Realandmodelleddata.

Completeunderstandingofthe physical,andhumanenvironment,as wellasprojectbenefits.

Consents,permits,andlicensesas requiredforsurvey,temporary,and permanentactivities.

Agreementsforleases,wayleaves, concessions,optionsforlandand seabedaccessrights.

Themeansofsupplyingenergytothe customerviatransmissionnetworks, includingsystembalance. Meansofsecuringprojectincome,via saleofenergywithorwithoutsupport mechanisms.

Siteconditions,procurement, fabrication,operation,maintenance anddecommissioning.

Pre-feasibility market assessment

2 1

Data

Collect & present data​

• Factual,objective,nointerpretation​;EIAandLCoEinputs​

Inspection

Identify potential projects​

• Subjective,options,part-area,fullarea,byinspection(ofmaps)

Analysis

Analyse, rate, rank​

3

4

• LCoEmappingandriskassessment–plottedonamatrix

Decision

Identify optimal search areas

• Valuebasedconstraintvsopportunityvsmitigationassessment

REALISE Approach and Methodology

1. Collect & GIS Map data

2. Identify potential projects

Fullvalueframeworkassessment.This processbeginswithassemblyofavailable dataanda“macro-scale”reviewofthe entirecoastline.

Disciplineexpertsbrainstormto identifypotentialdevelopmentareas basedonREALISE dataanalysis& GIS.

Clientinterestsareakeyinputatthis step.Canidentifytraditional ‘consentable’projects,likelyhigh returnprojectsandopportunistic projects.

3. Analyse and rank opportunities

In-depthassessmentofthedevelopment potentialwithintheseareas,withthe objectivesbeingto:

Gainamoredetailedunderstandingof thetechnicalpotential,permittingissues, interconnection,andotherhigh-level engineeringconsiderations. Understandthedevelopmentrisksand attractivenessofthepotentialzone(s) includingahigh-levelreviewofrelative LCoEvalueswithin-housemodel (LENS ).

4. Strategic Recommendation

Short-listsitesbasedonrisk/return andranktheoverallattractivenessof thesitesrelativetoeachother.

Clienttodeterminewhatrisk/return profilesuitsthem,basedoncorporate strategy,anddecidewhichsitesto pursueaccordinglyforapotential greenfielddevelopmentasroute-tomarket.

LEnS : Levelised Cost of Energy Sensitivity Model and Workflow

• Providesrobust,traceable andconsistentapproach forestimatingLCoEfor offshorewindprojects duringpre-construction phases.

• Enablescross-project comparison.

• Comparesproject scenariostoidentify projectcostdriversand opportunities.

Data inputs:

1

Siteconditionsandtechnologyselection.

CapEx,OpEx,energyyieldandschedulearemodelled.

2

Data sources and validation:

ERMinputs,leveragingGRIPdataplatformandin-house technicalknowledge.Marketstrendsarecaptured.

LEnS Analysis

3

4

Tune model:

Financial,CapEx,Yield,andOpExmodulesfeedintothemodel “engine”.Clientscanvalidatescenarios.

5

Themodeloutputsarobust,traceableandconsistent approachforestimatingLCoEforoffshorewindprojects duringpre-constructionphases. Levelized cost of energy:

ERMcancompareprojectscenariostoidentifyprojectcost driversandopportunities,carryoutmeritorderanalysis,and formulatebidsupportstrategies Value-added analysis:

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