 8:15 am - 8:55 am | Registration | ||||
| 9:00 am - 9:05 am | Chair's Welcome and Introduction Pilita Clark, Environment Correspondent, Financial Times
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| 9:05 am - 9:30 am | FT View from the Top: CEO Interview ØysteIn Løseth, President and Chief Executive Officer, Vattenfall | ||||
| Morning Sessions - The Economic, Financial and Political Framework for Renewables | ||||
| 9:30 am - 10:30 am | Paying the Price - Can the World Afford Renewables? MODERATOR:
Pilita Clark, Environment Correspondent, Financial Times
PANELISTS:
Reza Abhari, Professor of Energy Technologies, Laboratory for Energy Conversion, Swiss Federal Institute of Technology
Nick Butler, Visiting Professor and Chair, King’s Policy Institute, King’s College
Sir David King, Chair, Future Cities Catapult, Senior Scientific Advisor, UBS
Paul Appleby, Head of Energy Economics, BP
In
discussions regarding the future of the energy system attention inevitably
turns to the cost of renewabes – and in particular to the assumed higher costs
of renewables compared to fossil fuels. Detractors point to the need for costly
back up generation and the seemingly perpetual need for subsidies associated
with renewable energy, whilst supporters point to the ever falling costs and
the growing parity of renewables with fossil fuels when factors such as the
environmental benefits of renewables and fuel price risk of fossil fuels are
taken into account. What is truth about the cost of renewables? Are renewables
more expensive than fossil fuels? In these times of fiscal austerity and
economic hardship, can the world afford renewables?
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| 10:30 am - 10:55 am | Networking Coffee Break | ||||
| 10:55 pm - 11:45 pm | Targets or Markets? A 21st Century Policy Framework for Renewables MODERATOR:
Pilita Clark, Environment Correspondent, Financial Times
PANELISTS:
The Rt Hon Gregory Barker MP, Minister of State for Department of Energy & Climate Change
Mr. Adnan Z. Amin, Director-General, the international Renewable Energy Agency
At the national, state and local city level government policy has played a major role in driving renewable energy markets, contributing to the success which has seen solar and wind energy reach grid parity with fossil fuels in many markets. As the share of renewables in the energy mix increases, however, how should policy be adjusted? Should there be a gradual phasing out of subsidies? Should markets, rather than targets, be assigned a great role in determining the future shape of the energy market? What is the role for carbon markets going forward? Should the focus of policy move from subsidies and incentives to support for R&D and encourage the discovery and development of breakthrough technologies? What do policy makers see as the challenges ahead? | ||||
| 11:35 am - 12:30 pm | Investment Futures –What are the Financing and Business Models for the Next Stage of Industry Growth? MODERATOR:
Ed Crooks, PANELISTS:
Damian Darragh, Financial Managing Director, Terra Firma Capital Partners
Anthony Hobley, President, Climate Market and Investment Association (CMIA)
Rick Gambetta, Managing Director, Debt Finance and Advisory, Hexagon Finance and Advisory Limited
Thierry Lepercq, Chairman, Solairedirect
John Lynch, Managing Director, Head of EMEA Power, Utilities and Renewables, Bank of America Merrill Lynch
Investment in renewables has increased relentlessly over the last decade with net investment in 2011 exceeding investment in fossil fuels and nuclear combined. Yet there is a growing awareness that new sources of finance, as well as new business and ownership models will be required if renewables are to achieve the scale required to make a meaningful and transformational impact on the future energy system. What are the business and ownership models which would improve the bankability of projects, and the attractiveness of the sector to investors? Are mega renewable projects the way ahead? What is the key to unlocking potential new, longer term sources of finance to include pension and insurance funds and sovereign wealth funds? Will we see governments invest directly in renewable projects both in the developed and developing world?
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| 12:30 pm - 1:50 pm | Networking Lunch | ||||
| Afternoon Sessions - Power Systems of the Future | ||||
| 1:50 pm - 2:35 pm | Are Cross- Border /International Renewable Energy Markets The Next Big Thing? MODERATOR:
Guy Chazan, Energy Editor, Financial Times
PANELISTS:
Falko Schmidt, UK- Coordinator, DESERTEC Foundation
Yannick Jacquemart, Economics and Prospective Senior Advisor, European Affairs Division, RTE. Réseau de transport d'électricité
Eddie O'Connor, CEO, Mainstream Renewable Power, President, Friends of the Supergrid
A persistent barrier to renewables gaining greater market share is the challenge of intermittency and variability of renewable energy flows. One potential solution which is gaining increasing traction is the concept of the ‘supergrid’ or cross-border grids which would allow the transfer of renewable power generated in one country to neighbouring countries, thus ultimately reducing, it is claimed, the need for expensive back up generation and enhancing the reliability of the power supply across confinements. Can the political, technical and cost related challenges of these cross-border girds be addressed to turn the vision into a reality? Or are super grids a leap too far into the conceptual wilderness?
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| 2:35 pm - 3:20 pm | Does the Future Lie in Centralised or Decentralised Energy Systems? MODERATOR:
Ed Crooks, US Industry and Energy Editor, Financial Times
PANELISTS:
Steve Howard, Chief Sustainability Officer, IKEA Group
Bruce Huber, Founder and Managing Director, Alexa Capital
Opinions diverge significantly on the shape of the future power system and whether a centralised or a decentralised system will predominate. ‘Decentralisation advocates’ are of the opinion that today’s centralised system will become a relic to be superseded by networks of smaller interlinked grids with renewable and energy storage throughout, minimising the balancing needs of the centralised systems and providing resilience to counter system shocks and disruptions. Others, meanwhile, claim the economic case favours centralised power, and state that decentralised systems are too expensive. Which system better meets the cost, reliability, flexibility and service needs of the future power system? Will we see energy islands emerging at community and city levels or will decentralised systems be confined principally to developing countries where centralised systems do not exist?
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| 3:15 pm - 3:45 pm | Networking Coffee Break
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| 3:40 pm - 4:30 pm | Power Forum: How are Utilities Rising to the ‘Big Renewables’ Challenge? MODERATOR:
Guy Chazan, Energy Editor, Financial Times
PANELISTS:
Paul Coffey, Chief Operating Officer, RWE Innogy
Jim Long, Partner, Greentech Capital Advisers
Didier Sire, Executive Vice President, Strategy, Innovation, Econonic Studies, Regulatory Affairs, ERM and Sustainable Management, GDF SUEZ Europe
With increasing levels of renewables, the revenue streams and business models of traditional power companies is coming under strain. How are they adjusting to these new realities? How are they meeting the challenge of renewables integration? Can the required levels of integration be met without security of supply being compromised? How will their business models and strategies change to meet this challenge? What do power company leaders see as the challenges ahead and the way forward for the industry? Will power companies lead, follow, push back or perish in the transformation ahead?
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| 4:30 pm - 5:15 pm | Leading in Emerging Markets MODERATOR:
Pilita Clark, Environment Correspondent, Financial Times
PANELISTS:
Luca Bettonte, Chief Executive Officer, ERG
Jurgen Rigterink, Chief Investment Officer, FMO-Netherlands Development Finance Company
Sumant Sinha, Founder-Chairman & CEO, ReNew Power
Mark Tanton, Managing Director, Red Cap Investments
Much of the hope for the future of renewables rests on the many opportunities opening up in the emerging markets where governments in increasing numbers are setting ambitious renewable targets and are exploring new and innovative paths to the development and financing of the industry. Markets across Asia, Latin America Eastern Europe and Africa are attracting energy companies and investors drawn by the potentially high growth rate potential achievable in comparison to the now maturing developed markets What is the opportunity for investors in these markets? What are the possible constraints on their development (capacity, skills, finance, know-how, local content rules)? How will the markets evolve? How extensive could South-South technology transfer become, and to what extent will Chinese manufacturing prowess in clean energy spread to other of these markets?
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| 5:15 pm - 5:20 pm | Closing Remarks from the Chair Pilita Clark, Environment
Correspondent, Financial Times
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