1. Poul Nyrup Rasmussen Former Prime Minister of Denmark Chairman, Lindoe Offshore Renewables Center

2. If the Danes could do it What about Europe? Will Partnership P:P R&D and Incentives Planning and integration World Leader 2009 25% wind

3. To be… Taking 20 – 20 – 20 serious Coherence Onshore and Offshore New Smart Green Growth Coordination EU and member states EU 2020 – the choice Or not to be… Business as Usual (+6° 2030) Sluggish Growth (exit) Financing short Dependence fuels and foreign countries

4. 6 hurdles Offshore 2050 6 hurdles Supply chain and gaps R&D, Technology at sea Costs and Mass production Logistics and capacity Grids Financing long-term Answers? Baltic Sea North Sea North Atlantic

5. First Answer: MACRO Part of the New Smart Green Growth Entry – not Exit Carbon Tax ETS Tax – black energy A Robust EU – Road map Changing relative prices Low Carbon System 2050 - Sector Specific

6. + 7 Answers for offshore: SET + 6 Test centers European Grid Single Electricity-market EU-knowledge – access / benchmarks Education -> highly specialised Long Term Planning – sites Long Term Financing – Eurobonds and EIB – Pension Funds and guaranties Making Decisions!

7. The difference 2020 6 million jobs … and fresh air

8. Thank you for your attention www.lorc.dk