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Finland , Sweden & Norway . Wien , Februar 2013

Finland , Sweden & Norway . Wien , Februar 2013. Finland. Finland. The political and regulatory climate for wind power Target of 6 TWh wind power production by 2020 Feed-in tariff since early last year. 83.5 EUR/ MWh for 12 years

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Finland , Sweden & Norway . Wien , Februar 2013

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  1. Finland, Sweden & Norway. Wien, Februar 2013

  2. Finland

  3. Finland The political and regulatory climate for wind power Target of 6 TWh wind power production by 2020 Feed-in tariff since early last year. 83.5 EUR/MWh for 12 years Several government initiatives to speed-up permit process When the Finns decide to do something, they do it. Average wind resources Permits a bottle-neck as many have been put on hold until new guidelines are ready. Should speed-up next year Inexperienced in wind power The financial climate AAA rating (S&P) Still positive GDP growth figures for 2013 although modest (1.0%). Forecast for 2014 is 2.7% Weak demand for Finnish exports due to the Eurozone crisis Unemployment expected to rise (also positive driver?) Good opportunities in the short-and medium term with stable support regime.

  4. ..a friendly competition between two neighbours Sweden & Norway:This joint certificate market is going to generate 26.4 TWh new renewable electricity 2012-2020 • Target: 26.4 TWh new renewable electricity 2012-2020 (Obligation in Treaty) • Quotas in Swedish and Norwegian laws: % of eligible consumption • Technology-neutrality: Hydro-, wind-, biopower etc qualifies for certificates • Joint support scheme: Swedish certificates are valid in Norway and vice-versa

  5. Sweden Sweden

  6. Sweden The political and regulatory climate for wind power Support scheme not a part of the government budget GC support for 15 years 2014 elections likely to have the future energy mix high on the political agenda. Ageing nuclear reactors – how much nuclear will be part of the future energy mix? + 1000 MW in installed in 2012 Volatile power and GC prices Target in GC system expected to be reached before 2020 Military restrictions The financial climate AAA rating (S&P) Strong SEK (EUR/SEK: 8.57) National debt only 33% of GDP meaning one of the lowest in OECD – room for reforms if needed GDP growth forecasts had to be revised during H2 2012 as the economy started to slow down due to less activity in the exporting sector. But a growth of 1.3% is still expected this year and 2.5% next year Unemployment expected to rise with 0.6% in 2013. *some price differences in the different electricity price areas. Low support level compared to most other markets but financial and political stability combined with good wind resources and opportunities for scale still makes it an attractive investment

  7. Norway

  8. Norway The political and regulatory climate for wind power Renewable energy target of 67.5% by 2020 Incentive scheme of renewables in place as Norway joined the GC system in 2012 Simply the best wind resources in Europe Decision on two new interconnectors (Germany, UK) Volatile power and GC prices Grid and interconnectors (lack of) Proposal on requirement of 50% state ownership in new interconnectors Approx. 1600 MW in permitting phase appealed to OED (ministry of petroleum and energy) The financial climate AAA rating (S&P) Strong currency GDP growth forecast expected to be 2.5% in 2013 Low unemployment (3.1%) Decreasing oil prices (-10% in 2012, could facilitate “renewables”?) *some price differences in the different electricity price areas. Like Sweden low support level compared to other markets but financial and political stability combined with good wind resources and opportunities for scale makes it still an attractive investment. The fundamental challenge ahead of Norway is more grid capacity and interconnectors to the continent

  9. Investment Certainty: Stable three-layer architecture • EU: RenewablesDirective • Binding targets • Enables and regulates cooperation mechanisms (incl. certificate market) • Sweden-Norway: Treaty • Joint target in TWh: 26.4 • Regulates possibilities for changes • SwedishLaw • Quotas (Certificatedemand - %) • Norwegian Law • Quotas (Certificatedemand - %)

  10. Planned development of interconnectors NO SE Fenno-Skan 1-2 Samnanger Sima Kvilldal NorthConnect Tonstad Feda Kristiansand Peterhead Sk 1-3 NSN Eastern Link Lindome Sk 4 Kontiskan Nybro V. Hastings Stämö Tjele NorNed Hunterston Germany DK Hawthorn Pit NordBalt Moyle Esbjerg Storebælt Kruseberg SwePol Blyth Western Link IE Kontek Slupsk Wierzbleçion Baltic Cobra East-West Rush Herrenwyk Deeside Bentwisch Brunsbüttel GB Wilhelmshaven PL Eemshaven NL DE BritNed Maasvlakte Isle of Grain Nemo Sellindge IFA Zeebrugge Mandarins BE FR CZ

  11. Greed is good! Grid is good!

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