Nordic co-operation on energy is globally unique and has a long history dating back more than a century. Today, the Nordic energy market is the most integrated regional system of co-operation in the world and is often cited as a model. All the Nordic countries have ambitious national targets for switching to sustainable energy and are pioneers of green energy solutions in a global context. Nordic countries are now leveraging the integrated system in order to meet its targets for renewable energy.
The side event seeks to introduce the audience to the Nordic energy power market on both a systemic and technical level, and point to the critical lessons from the region that can be replicated in different parts of Asia. This includes the regulatory framework that was developed to allow for successful regional integration on energy, development of the transmission system and creating a spot market for energy trading, and development of new renewable energy projects that serve the whole market.
Key questions include: what market reforms have been used to deregulate and integrate the region? How does the market work, and how does trading with markets outside the Nordic region (amidst the critical situation in Europe right now)? How does integrated energy markets contribute to boost the development of renewable energy sources? We would like to raise awareness regarding the positive effects of regional energy integration, both to energy stability, consumer welfare and the transition to a low carbon society.
|08:00 - 08:10 p.m.||
|08:10 - 08:30 p.m.||Rystad Energy – renewable energy in ASEAN – clusters and regional integration|
|08:30 - 08:45 p.m.||Nordpool Consulting – review of the Nordic integrated energy markets|
|08:45 - 09:00 p.m.||DNV – advisory and due diligence of Asian infrastructure projects|
|09:00 - 09:15 p.m.||Norconsult – energy infrastructure Projects in Southeast Asia|
|09:15 - 09:30 p.m.||Q&A, concluding remarks – Per Christer Lund, Innovation Norway|
About the Organizer
Innovation Norway is a state-owned company and a national development bank. The company's programs and services are intended to stimulate entrepreneurship in Norway. Its head office is in Oslo, and an office in each of the Norwegian counties. It also has offices in 30 countries around the world.
The Royal Norwegian Ministry of Foreign Affairs is the foreign ministry of the Kingdom of Norway.
Point of Contact
Per Christer Lund
William W Jensen
Norwegian Embassy in Manila
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