Clémence Ollivier

I spent the last seven months learning about the impacts of climate risks on the valuation of assets and on the investment decision-making. It was a privilege to be part of the first cohort of the Climate Risk, Valuation, and Investment Certificate from CFA Institute. I would like to thank my colleagues for the feedbacks on the assignments and for the enriching discussions. Many advances were made, but the risks of climate change are real and there is a need to acelerate the engagement of investors and financial institutions. It will be a pleasure to discuss solutions and initiatives for that. #CFAInstitute #ClimateRisk #Valuation #Investing #ESG

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Integrating renewables and hydrogen is essential for the success of decarbonizing hard-to-abate sectors. At Statkraft , this is at the core of what we do. Last week, Thiago de Freitas Santos and I had the pleasure of presenting at the 'Excellence in Production Systems and Operations Forum for Hydrogen Facilities' in Barcelona. We shared our thoughts about the challenges and opportunities of integrating renewables with hydrogen projects. Check out our presentation attached, and feel free to reach out if you want to know more! #renewables #hydrogen #energy #sustainability #Statkraft

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Not a pretty post, but a real one. When Aurora Energy Research entered #Brazil at the end of 2023, many ppl said our forecast for 2024 was "completely INSANE" because we dared to say that yearly average prices for 2024 would NOT be at the #floor of R$61/MWh (#PLDmin), but rather closer to R$90-100/MWh. Fast forward to the end of September, and here we are at R$86/MWh - so, def not the floor (Graph 1 shows yearly avg and monthly evolution). Despite the wet season ahead, it also lines up with peak demand, and the drought situation isn’t helping. I really wouldn’t count on floor prices by year-end, because it's a mathematically impossible average. BUT what I LOVE and REALLY want to show is graph 2: more important than prices itself (hey, no one’s got a crystal ball!!!), is the change of paradigm (that's REAL). #Volatility is - and will continue to be - the "New Norm", like it or not. The game changed since the market went hourly in 2021. Those flat-price days? Ancient history. Graph 2, on the right, tells the story: 🦆 We see a #duck curve, a funny quirky one - in the morning!!... 📈 ...  And the high price hours? Still the same one, hitting hard when we ramp up thermals. #Flexibility is calling, loud and clear!!! Source: Câmara de Comercialização de Energia Elétrica - CCEE (Chamber of Electric Energy Commercialization)

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It's an exciting day for the Brazilian energy market as S&P Global Commodity Insights has launched daily power pricing! SPGCI (Platts) has observed growth in the Brazilian Electricity free market, and with it, interest in transparency around futures prices. The Brazil free power market currently comprises more than 43,400 consumers (ABRACEEL) and 38% of total demand. The share of the free market could potentially grow to 60% by 2030 due to new government regulations allowing lower-voltage consumers to participate (S&P Global Analysts). The Platts assessments will cover every month going out one calendar year and represent conventional power delivered in Brazil's Southeast/Central-West subsystem, as defined by the Operador Nacional do Sistema Elétrico. Read more here: https://lnkd.in/eEaE5N2Y #Brazil #latinamercia #cleanenergy #EnergyTransition #HydroPower #solar #wind #COP30

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It was great to attend the Lisbon Energy Conference a few weeks ago, and see first-hand all the major developments currently ongoing in the Portuguese energy space. Highlighting a few key takeaways: - The Portuguese government has again reiterated its commitment to a very ambitious green agenda and decarbonisation plan, by announcing €140m in support for green gases via auctions over the next decade, and a commitment to publish the support framework for offshore wind in the coming months. - Furthermore, in line with the European Commission’s recent additional support to member states to accelerate their deployment of renewable generation, the government announced the creation of EMER 2030, an entity aiming to accelerate planning and permitting by centralising requests and allowing promoters to input project data centrally only once. - Moreover, the system operator (REN) has recognised the substantial need for energy storage to decarbonise the power system, particularly when collocated with renewables. It has further acknowledged grid connection has become a critical bottleneck in reaching net zero, whilst raising the fact that grid infrastructure works are also being severely impacted by planning and permitting delays, and that a centralised support or compensation scheme is needed at both national and EU level. - More broadly across Europe, the view on hydrogen and clean fuels is becoming more tempered. Everyone acknowledges the desire to go fast on P2X projects but the cost of projects today and the delays in getting funding mobilised, network infrastructure built and projects permitted is continuing to downgrade expectations on what can be achieved by 2030 - There is more oxygen for CCS in the debate but very few participants want to come out and advocate for blue hydrogen. This is perhaps a reflection of the early demand signals the EU gave for green hydrogen which means many developers of P2X projects may see resurgence in interest in blue hydrogen as a threat to their business.     If you are interested in discussing any of the above in more detail, feel free to reach out.

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