Investment Opportunities in Mature Markets

Deploying Norwegian offshore and maritime expertise in Offshore Wind

D¨¦sir¨¦e Vikse
Commercial Attach¨¦ Norwegian Embassy / Deputy Director of Innovation Norway China
Jon Dugstad
Director, Wind and Solar, Norwegian Energy Partners

Norway has put forward an ambitious goal for climate development, and pledged in the Kyoto Protocol and Paris Agreement that it supports the realization of carbon neutrality target by 2050 or earlier proposed by the EU and the UN. We all need to cut carbon emissions worldwide while developing new energy to boost economic growth, which will urge Norway to change the way of energy production, transmission and consumption. Currently, wind energy may be the cheapest and most feasible alternative energy in the country thanks to our abundant wind resources, advanced technical expertise in the oil, gas and maritime sectors. Meanwhile, Norway's research institutes have also achieved remarkable results in offshore wind power.

Wind Power, Energy Islands and PtX in Denmark

Peder Bo Sorensen
Special Advisor, Invest in Denmark, MFA

Regarding the building of energy islands, Denmark has considered three types, with the first type being sand islands, while the other two being sinking caissons and classical platforms. In fact, we can tell from this map that there are many wind power plants or projects under construction in Denmark. In 2019, wind power accounted for 48% of its electric power structure. In 2027, renewable energy is expected to represent a share of around 70%. Looking into a farther future, the country hopes to achieve power generation from 100% of renewable energy.

Offshore Wind Industry and Opportunities in Scotland

Lily Zhao
Head of Inward Investment, Mainland China, Scottish Development International

This morning, the trade envoy of the British Embassy in China mentioned that the UK aims to achieve zero emissions in 2050, while Scotland expects to achieve this goal five years ahead of schedule, as early as 2045. Based on this goal, Scotland has set standards higher than those in the UK and other European countries in terms of power supply, heat supply and production capacity of renewable energy. For instance, Scotland can realize the goal that 100% of its electric power demand will be satisfied by renewable energy at the end of this year, of which offshore wind energy will make up a large proportion.

Policy, Innovation and Cost Reduction in UK Offshore Wind

Tom Jennings
Director of Programmes & Innovation, Carbon Trust

British successful cases and policies for offshore wind power have played a very important role in boosting innovation and lowering wind energy development costs. In particularly, the demand-driven development is the main reason, while innovation has promoted the constant maturity and application of new technologies. Besides, some incentive policies and government subsidies have provided the strong support for the rapid development of offshore wind power in the UK over the past decade, while cost cuts are closely related with the scale expansion of wind turbines and technical iteration.

Investing in European wind and solar PV ¨C latest trends and key considerations

Christian Romig
Senior Principal Advisor/General Manager of China, AFRY

There are four trends in the European electric power market: Firstly, decarburization, on which a consensus has been reached. This is also a very important target, namely realizing carbon neutrality in 2050 with the reduction of carbon emissions by 80%; secondly, the change of electric power market design, which will be made for the setting of decarburization goal; thirdly, the cut of costs. As a matter of fact, the costs of offshore wind power in Europe have been on the decline; fourthly, the reduction of subsidies, which requires the support and propulsion of policies in the long run.

Certainty & Growth in Times of Change

Guillermo Manzo Perez
Head of Service Sales, Vestas China

China's wind power market is largest worldwide, but due to the withdrawal of subsidies, its space may change or undergo a relatively difficult phase in the future. Only stability or certainty can ensure the sustainable and healthy development of the industry. Through the continuous exploration, we have found that wind power is the most stable renewable energy, and its development trend will be irreversible in the future. In addition, efficiency will really matter if you wish to succeed in China's wind power market.