The North Atlantic Energy Network

Organized by the Nordic Atlantic Cooperation (NORA) committee of the Nordic Council of Ministers and Bellona 26. August 2016

Sunday, October 9, 16:30-18:30

Location: Akrafjall, Harpa Fourth Level

Growing global energy demand has contributed to the increasing interest in the Arctic, mostly due to its oil and gas resources. However, the Arctic also has an abundance of underutilized renewable energy sources such as wind, thermal, hydro and tidal, which lacks the infrastructure necessary for export.

The subsea cable technology required to build interconnectors in the North Atlantic already exists. The IceLink project, a proposed subsea cable between Iceland and the UK, is conceptually the most advanced initiative in a North Atlantic context, and earlier this year, the National Energy Authority of Iceland published a report on a potential North Atlantic Energy Network. A sister publication, funded by NORA, is expected shortly.

The realization of subsea cable projects in the North Atlantic will be expensive and depend on political decisions, both in the North Atlantic and in Europe. Arctic Circle 2016 would be an ideal arena to discuss the green energy potential and the political and economic benefits and challenges of a North Atlantic Energy Network. With the ongoing green energy acceleration, it is interesting and timely, particularly in a post-Paris context, to highlight the potential role the Arctic as a green battery for Europe.

Speakers:

  • Erla Björk Þorgeirsdóttir, Project Manager, Orkustofnun – National Energy Authority, Iceland: Key Findings: North Atlantic Energy Network 1.
  • Björgvin Skúli Sigurðsson, Executive Vice President, Marketing and Business Development, Landsvirkjun – National Power Company, Iceland: IceLink Benefits and Challenges.
  • Meinhard Eliasen, Energy Adviser, Faroese Energy Authority: The Faroese Connection: Benefits and Challenges.
  • Sigurd Enge, Manager, Shipping, Marine and the Arctic, the Bellona Foundation, Norway: Renewable Energy and Grid Development in the Arctic: the Svalbard Case.
  • Anders Kofoed-Wiuff, Partner, Ea Energy Analysis, Denmark: the Role of Interconnectors in the Low Carbon Transition
  • Magni Laksáfoss, Managing Director, VITorka: An Economist’s View on Utilising Green Energy in Faroe Islands

Chair:

  • Bogi Bech Jensen, Professor of Energy Engineering; President of Glasir – Tórshavn College, Faroe Islands

Panelists:

  • Angus MacNeil, MP, Chair of Select Committee on Energy and Climate Change, House of Commons, UK
  • Guðni A. Jóhannesson, Director General, Orkustofnun – National Energy Authority, Iceland
  • Magni Laksafoss, Economic Analyst and MP, Faroe Islands
  • Anders Kofoed-Wiuff, Partner, Ea Energy Analysis, Denmark Frederic Haug, Founder and President, Bellona, Norway