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SmartEnergyTransition
-
Howinvestmentsarefinanced?
23.5.2017,Helsinki
Petteri Laaksonen
Background
• This presentation is based on
– Neo Carbon Energy -project
• Interviews of 19 Europe based institutional, inf...
Who are investors?
Direct Institutional
– Insurance companies
– Pension funds
– Etc.
Investment Funds
– Infrastructure
– R...
How investors manage risk?
• Technology risk
– Proven technology
• Political risk
– Visibility to the future
– A program f...
Is there capital enough?
• The interviewed investors represent more than
800 Billion EUR of capital
• Less than 1% of thei...
Investment
Opportunity
Global electricity demand growth
Source: NCE Workshop - Strategic Roadmap - Future Electricity
demand and CO2 recycling, L...
Global electricity demand growth
Source: NCE Workshop - Strategic Roadmap - Future Electricity
demand and CO2 recycling, L...
Investment opportunity
• Global hydro, wind, solar, nuclear, etc. power production
should increase over six fold (667 %).
...
What is varying (Nordics)?
15 573 MW
4 384 MW
19 957 MW
Olkiluoto 1,2 & 3 + Fennovoima = 4 560 MW
Name of the game?
Institutional investors and funds
Utilities
Fuel
producers
Defence
• Present revenues and
returns
• Posi...
Thank you!
Petteri Laaksonen, Dr Sc.
Managing director
Tel +358 40 508 8498,
petteri.laaksonen@tuulisaimaa.fi
NEO-CARBON ENERGY project is one of the Tekes strategic research
openings and the project is carried out in cooperation wi...
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Petteri Laaksonen, TuuliSaimaa Oy - Neo Carbon Energy - How investments are financed? - Sähkömarkkinat murroksessa – miten investoinnit rahoitetaan? - 23.5.2017 - Aalto-yliopisto - Kauppakorkeakoulu - Smart Energy Transition

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Petteri Laaksonen, TuuliSaimaa Oy - Neo Carbon Energy - How investments are financed? - Sähkömarkkinat murroksessa – miten investoinnit rahoitetaan? - 23.5.2017 - Aalto-yliopisto - Kauppakorkeakoulu - Smart Energy Transition

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Petteri Laaksonen, TuuliSaimaa Oy - Neo Carbon Energy - How investments are financed? - Sähkömarkkinat murroksessa – miten investoinnit rahoitetaan? - 23.5.2017 - Aalto-yliopisto - Kauppakorkeakoulu - Smart Energy Transition

  1. 1. SmartEnergyTransition - Howinvestmentsarefinanced? 23.5.2017,Helsinki Petteri Laaksonen
  2. 2. Background • This presentation is based on – Neo Carbon Energy -project • Interviews of 19 Europe based institutional, infra and renewable investors and banks in Jan – Feb 2017 • Analysis of CDP (Carbon Disclosure Project) data • Workshop - Future Electricity demand and CO2 recycling – Empirical experiences from renewable investments in windpower and renewabels 2009 – 2017
  3. 3. Who are investors? Direct Institutional – Insurance companies – Pension funds – Etc. Investment Funds – Infrastructure – Renewable – Etc. Industrial investors – Fortum – Etc.
  4. 4. How investors manage risk? • Technology risk – Proven technology • Political risk – Visibility to the future – A program for the future – Political commitment – Clear foresight • Knowledge and experience – Reliable partners • Country risk – Financial (debt, growth, political) • Currency risk
  5. 5. Is there capital enough? • The interviewed investors represent more than 800 Billion EUR of capital • Less than 1% of their capital is presently allocated to renewable energy investments • There should be enough capital, if the preconditions realise
  6. 6. Investment Opportunity
  7. 7. Global electricity demand growth Source: NCE Workshop - Strategic Roadmap - Future Electricity demand and CO2 recycling, Laaksonen & Tsupari 2017 Global CO2 emissions 2013 Gt/a Electricity production 11,0 Heat production by fossil fuels* 5,9 Cement prod. & other CaCO3 3,5 Steel production 2,3 Aviation 0,8 Road transportation 5,5 Marine and other transportation 1,0 Energy industry own use 1,7 *incl. sector "others" Present focus
  8. 8. Global electricity demand growth Source: NCE Workshop - Strategic Roadmap - Future Electricity demand and CO2 recycling, Laaksonen & Tsupari 2017 Present fossile energy production Additional demand
  9. 9. Investment opportunity • Global hydro, wind, solar, nuclear, etc. power production should increase over six fold (667 %). • Converting new electricity demand of 50 000 TWh to modern wind power turbines investments, this would mean globally building 3,6 million new wind turbines (roughly 11 000 BEUR). 1) • Industrial CO2 recycling (CCU) is not taken into account by regulator • Industrial firms are not making such investments due to lack of regulation • Opportunity is not fully identified or know by investors 1) Based on 2013 level of production
  10. 10. What is varying (Nordics)? 15 573 MW 4 384 MW 19 957 MW Olkiluoto 1,2 & 3 + Fennovoima = 4 560 MW
  11. 11. Name of the game? Institutional investors and funds Utilities Fuel producers Defence • Present revenues and returns • Position Transformation
  12. 12. Thank you! Petteri Laaksonen, Dr Sc. Managing director Tel +358 40 508 8498, petteri.laaksonen@tuulisaimaa.fi
  13. 13. NEO-CARBON ENERGY project is one of the Tekes strategic research openings and the project is carried out in cooperation with Technical Research Centre of Finland VTT Ltd, Lappeenranta University of Technology LUT and University of Turku, Finland Futures Research Centre FFRC.

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