Poul Nyrup RasmussenFormer Prime Minister of Denmark

Chairman, Lindoe Offshore Renewables Center

If the Danes could do it

What about Europe?

Will

Partnership P:P

R&D and Incentives

Planning and integration

World Leader2009 <-> 25% wind

To be…• Taking 20 – 20 – 20 serious• Coherence• Onshore and Offshore• New Smart Green Growth• Coordination EU and member states

EU 2020 – the choice

Or not to be…• Business as Usual (+6° 2030)• Sluggish Growth (exit)• Financing short• Dependence fuels and foreign countries

6 hurdles

Offshore 2050

6 hurdles• Supply chain and gaps• R&D, Technology at sea• Costs and Mass production• Logistics and capacity• Grids• Financing long-term

Answers?

Baltic SeaNorth Sea

North Atlantic

First Answer: MACRO

• Part of the New Smart Green Growth• Entry – not Exit

• Carbon Tax• ETS• Tax – black energy

A Robust EU – Road map

Changing relative prices

Low Carbon System 2050- Sector Specific

+ 7 Answers for offshore:

• SET + 6 Test centers• European Grid• Single Electricity-market• EU-knowledge – access / benchmarks• Education -> highly specialised• Long Term Planning – sites• Long Term Financing

– Eurobonds and EIB– Pension Funds and guaranties

Making Decisions!

The difference 2020

6 million jobs … and fresh air

Thank you for your attention

www.lorc.dk