ABOUT THE EVENT

BACKGROUND

In 2022, Europe experienced an unprecedented energy crisis due to geopolitical and climate reasons, which led to sky-high energy prices worldwide. The crisis continues.  Hence, quick and efficient solutions need to be put in place. The obvious way of quickly solving the crisis is installing large amount of renewable energy. Wind is among the top choices in the Baltics. But large-scale renewable energy projects create challenges to the system – limited grid and interconnection capacities, lack of storage. A systemic approach is needed.  

Offshore wind is the new “big thing” in the Baltics, given the estimated potential in the region – 47 GW. However, without a grid, there is no offshore wind power. Building new interconnectors and power-to-x facilities are key to ensuring that the Baltic region is energy sufficient. Moreover, the large potential makes the Baltic region strategically important for the long-term decarbonisation of Europe and gives the Baltic States the opportunity to play a significant role in speeding up the green transformation of Europe’s energy system. 

Denmark is an international pioneer in green transition and has shown that renewable energy is a growth sector of the future. Today, more than half of Denmark´s electricity is produced by wind. With a world-leading wind industry, experiences from Denmark´s green transition over the past several decades may serve as inspiration and a source of know-how.