Nocturne | Market opportunities in the Nordics and Baltics for offshore wind and hydrogen
Why it matters
- The Nordic region, consisting of Norway, Sweden, Finland, Denmark, and Iceland, is a leader in renewable energy. These countries have been at the forefront of renewable energy since the start of the 20th century. We examine what factors have contributed to the likes of Finland’s rise to the top of clean energy generation and the opportunities that lie ahead for the region.
- Because the Baltic Sea is shallow, has low wave heights, and neglectable tides, it provides very good prerequisites to install large offshore wind power devices. The full potential of offshore wind power can be exploited if the countries around the Baltic Sea established large transnational meshed offshore wind grids based on the same standards and methodology.
- In the The Marienborg Declarations, eight EU countries bordering the Baltic Sea, including Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden, committed in 2022 to increase their offshore wind power capacity to 20 gigawatts (GW) by 2030, a sevenfold increase. This decision aims to reduce their dependence on Russian energy.
- Currently, the Baltic Sea has 2.8 GW of offshore wind capacity, mainly in Danish and German waters. The proposed 20 GW would be sufficient to power 20 million homes. The Baltic Sea has the potential of hosting up to 93 GW in offshore wind farms by 2040.
- Finnish and Swedish transmission system operators, along with offshore wind developers, plan to develop a large-scale offshore hydrogen pipeline connecting Finland, Sweden, and Central Europe by 2030. The Baltic Sea Hydrogen Collector (BHC) project aims to link Finland, Sweden, the Åland islands and Germany. It leverages offshore wind potential in Bothnia Bay and the Baltic Sea, fostering a robust hydrogen market and connecting supply and demand.
The key market opportunities we will explore
- The Nordics' role in offshore wind power to produce electrons and molecules (hydrogen) and insights in the planned projects towards 2030.
- Insights into the rapid growth of wind power and hydrogen projects across the Nordic countries, emphasising Sweden's and Finland's advancements.
- The developments in the Baltic Sea and the lessons learned in this region.
- The energy trilemma faced by the Nordic and Baltic regions and measures to ensure security, affordability, and sustainability in the green transition.
- Geopolitical dynamics and their influence on energy security and market opportunities, particularly in light of recent events involving Russia and Ukraine.
- Offshore wind opportunities towards 2050 in Iceland and Greenland.
|17:00 - 17:45||Registration & Welcome drink|
|17:45 - 18:30||2023-2030 market update offshore wind & H2 in the Nordics & Baltics
|18:30 - 18:45||Intermezzo - planned actions for 2024
Pieter Jan Jordaens and Pieter-Jan Provoost
|18:45 - 19:00||Break|
|19:00 - 19:30||
Industry experience and ambitions
|19:30 - 20:15||
Visionary thinking – energy transition in the arctic towards 2050
|20:15 - 21:00||Networking|
The working language of this event is English.
What's in it for you
With the Nordics and the Baltic Sea opening new frontier for offshore wind energy, and hydrogen production this is a prime opportunity for investors, businesses, and stakeholders to grasp the evolving market landscape. We are also preparing a Meet & Peek mission to this region in March 2024 which will be highlighted during the event, so make sure to be part of this kick-off event to harness the full potential of these regions and drive forward a greener, more sustainable future.
Furthermore, immerse yourself in a unique "chilly experience", as we bring to you our specially crafted ice bar. Enjoy an array of beverages, network with industry peers and seize potential collaborations.
Register now to secure your spot!
The number of seats is limited. Seize this golden opportunity to explore untapped market opportunities, understand geopolitical dynamics and gain invaluable insights for your business.
Save the date
March 11, 2024 – March 14, 2024
Meet & Peek – Energy Transition in the Nordics & Baltic Sea
The participation fee per person, including coffee breaks and sandwich lunch, is only 115 euros (excl. VAT) for companies established in Flanders. This is thanks to support from VLAIO under the #industrypartnership. For others, the price is 385 euros.
This event forms part of the Industry Partnership, in which 17 Flemish innovation partners offer integrated services for stimulating growth and innovation in Flemish industry in the following three areas: Digitisation, Sustainability & Industry 4.0. This is led by Agoria and Sirris with support from the Agentschap Innoveren & Ondernemen.
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