WPI

There is a clear tendency to a deficit in the world’s electricity market. This will put increasingly strong focus on renewable power production.
The development of new cost efficient technology is essential.
It is expected that renewable energy production will amount to 50% of global production in the future. We are of the opinion that the WPI turbine will have an essential place in this picture.
WPI has had discussions with companies in South America and Africa, but it is still on a discussion level. We have also had discussions with our agents in Iceland and Be-Ne-Lux, but no sale has been registered till now. However, it has been found that there is a large interest in these areas and that there exist unexploited power resources of a great magnitude.
But, our main resources in the company will be used according to our business plan and be concentrated on the home market.

Financials in brief.

Within foreseeable future years (4-7) WPI sees a sales potential of 1.000 units in the Nordic region.
The 0.2 and 0.5 MW models are expected to be carrying the largest amount of this. Depending on the development of the market, which will be largely decided by energy policies, the availability of deployment sites and the advancements of the H 2 society WPI foresee an important role for its turbine. It will never carry the main part of the energy market, but our niche will be big and profitable enough as in important investment portfolio and WPI will be an important actor in the renewable electricity market.
For the EU region it has been estimated that, together with Asia, the primary market is the larger models (0.5-1.0 MW). India, Africa and large parts of Eurasia, together with Middle- and South America, will be customers for grid less models, i.e. 0, 1 –0, 3 mW models.
WPI are therefore actively seeking partners in these areas.

Future supply shortage in the Nordic Region.

As of 2003 the power deficit in the Nordic region is about 20-22 TWh, and the consumption is estimated to increase with 1.5% annually – an increasingly large gap between production and consumption is therefore expected.

In Finland and Sweden the power deficit is expected to have a relatively faster growth than Norway. Today it looks as if the deficit in production capacity has to be covered by primarily biomass/gas, wind and thermal energy.

The Norwegian power balance shows a deficit of approx. 7 TWh
The planned and approved production increase amounts to approximately 10 TWh by 2010 while consumption is expected to exceed 140 TWh. It is estimated the deficit will be covered by renewable sources, among others the wind power is expected to have a major growth.

Market potential in the Nordic region.

Approximated total production in the Nordic region was for 2002 about 213 TWh, with the following distribution: Norway 125TWh, Sweden 66TWh, Finland 15TWh, Iceland 7TWh, Denmark n/a

Norway

• There is about 4000 potential power producing rivers in Norway - 25-30% are regulated for power production
• Three of the rivers with the largest power production, Glomma, Numedalslågen and Pasvikelva produce 8-9 TWh - ca 7%.
• Among the rivers and falls regulated for power production approx. 150 of these are found interesting for WPI.

• The Norwegian market potential is estimated to be ca 400-500 turbines.

Sweden.

• Sweden has approx. 1200 power stations (16.000 MW)

• The three most developed rivers are Indalsälven, Lule Älv and Umeälv which combined produces 50% of the total domestic hydropower production

• The WPI market potential in Sweden is estimated to be 250 sites (400-500 turbines)

Finland.

Finland has a total of 200 hydropower stations and 70% of the rivers are being used for power production and 20% of the rivers are protected by law against further industrial use.
The potential for further deployment of normal power plans is low, and the operators are forced to increase the efficiency of existing plants

• The Finnish market potential for WPI is estimated to be 70-80 sites
i.e. 100-150 turbines.

Competitors.

As far as we know there are no commercial full time VAWT electricity production installations that are of the same nature as the WPI turbine.