Copenhagen | Power & Renewables Briefing 2023

Europe’s power sector has passed through the worst of the energy crisis, but the challenges now faced are no less significant. Falling demand has collided with rising supply, placing renewable integration pressures firmly in the spotlight. To achieve headline policy objectives on decarbonisation, security, and affordability, an accelerated rate of change is required. If this next-stage transformation is to be delivered, Europe must experience fundamental shifts in market characteristics, technology delivery and costs, and enabling regulatory and commercial arrangements.

European ambition is high, and we believe the opportunity is immense. Please join our experts as they share their insight on the critical drivers, outcomes, and uncertainties of change.

During the in-person briefing, Wood Mackenzie will discuss:

The characteristics and implications of decarbonised power markets
Cross currents: Charting a sustainable course for offshore wind
Low-carbon Hydrogen: Closing the gap
Renewables cost dynamics: assessing costs, supply chain influences, and profitability

Speakers

Chris Seiple, Vice Chair, Power & Renewables
Rishab Shrestha, Principal Analyst, Europe Power
Finlay Clark, Senior Analyst, Wind Research
Murray Douglas, Head of Hydrogen Research
Daniel Liu, Head of Renewables Costs
Søren Kjær Petersen, Managing Director, Energy Management, Copenhagen Infrastructure Partners

Agenda

08:30	Registration and refreshments
09:00	Welcome and opening presentation with Q&A Europe power: the characteristics and implications of decarbonised power markets Through crisis and reform, the critical enablers of accelerated change Power price development – extreme prices have passed quickly, but ‘high’ prices remain in the short to medium-term, what then? Investing to deliver policy ambition: the key challenges, outcomes, and sensitivities
09:25	Second presentation with Q&A Cross currents: Charting a sustainable course for offshore wind The offshore wind industry is set to scale from around 3 GW of additions, outside of China, each year to 30 GW by the end of the decade. If all government targets were to be achieved, annual additions would need to reach 70 GW by the end of the decade. This session dives into: The supply chain requirements to hit the 30 GW annual growth projections The gap between supply chain production volumes and demand Recommendations for what needs to be done to solve this dilemma
09:45	Networking break with breakfast
10:15	Third presentation with Q&A Low-carbon Hydrogen: closing the gap Chasing targets - can hydrogen production come close to meeting ambitions? Delivering affordability - what can policymakers and technology do to bridge the gap?
10:35	Fourth presentation with Q&A Renewables cost dynamics: assessing costs, supply chain influences, and profitability Our emerging view of the levelised costs of electricity in Europe, and the main macroeconomic drivers impacting those outcomes The impact of policy: EU Net-Zero Industry Act and US IRA influences on the supply chai An overview of project profitability and related strategic considerations
10:55	Fireside chat and closing remarks Reflections and opportunities on the horizon with CIP
11:15	Networking
12:00	End of event

Venue

Radisson Collection Royal Hotel,

Hammerichsgade 1, Copenhagen, 1611, Denmark