Towards an modern and integrated offshore electricity infrastucture

“Europe, we have a problem”

Increasing price differences between countries

Energy prices in Europe far higher than US (shale gas)

and Asia (coal)

slow killer of our industry, bancrupcy or emigrating industry (Aldel Groningen, Dow Chemical)

slowing down economic growthunemployment and negative social economic

effects 3

Leading toDumping: electricity for free

A climate that dis-stimulates investments in production capacity

Unbalance between production and demandNo easy fix. Future solutions: power to gas and

electricity storage

Current solution: more interconnection capacity between countries (we cannot store enough electricity)

We need a new and modern electricity infrastructure

A growing urgency at European level to solve these problems

5

Huge interconnectors – connecting countries

EU: Projects of Common Interest

Our mission: Synergies at Sea

Connecting offshore wind with interconnectionWe believe:

This will lead to a decrease of the cost of energy

And a significant cost reduction of offshore wind

With the right approach!

The North Sea in 2020

Consortium Synergies at SeaA group of highly motivated companies and

institutes

Contributing with own investments

Looking at the different parts of the system

We aim to offer solutions, not just recommendations

A new and modern energy infrastructure (1)Feasibility (technical, regulatory, business

case)

Technical design

The role of the law

Ownership

A new and modern energy infrastructure (2)Capacity of the cables (distribution and

trading)

Financing

Embedding insecurities – real options method

Distributed Temperature Sensing

Value Engineering

Progress and resultsProject has started in 2013 and now at full

steam

First results expected mid 2014

Consultation (TSO’s, Pension Funds, Utilities)

Dessimination of intermediate results at conferences

Final results 2016