Denmark Invests in Offshore Wind Farms and Energy Island for Green Hydrogen
Key Ideas
  • Danish state to take 20% stake in four offshore wind farms with 6 GW capacity, aiming to reduce CO2 emissions by 70% from 1990 levels.
  • Developers to compete for highest fixed annual payment for 30 years, ensuring society benefits from Danish sea area resources.
  • Investment of 17.6 billion Danish crowns in 3 GW energy island in Baltic Sea for green hydrogen production and energy supply to various sectors.
  • Total new offshore wind capacity could reach 14 GW by 2030, aligning with European efforts to boost offshore wind power generation for energy security.
The Danish state has announced plans to acquire a 20% stake in four upcoming offshore wind farms with a combined capacity of at least 6 gigawatts (GW). The move is part of Denmark's commitment to reducing CO2 emissions by 70% from 1990 levels, with a focus on offshore wind power generation. Developers will compete for providing the state with the highest fixed annual payment over a 30-year period, ensuring societal benefits from utilizing the Danish sea area. Denmark, a home to leading wind industry companies like Vestas and Orsted, aims to leverage the favorable offshore wind market. In addition, Denmark will invest 17.6 billion Danish crowns in a 3 GW energy island in the Baltic Sea. This project will not only supply power to households but also produce green hydrogen for applications in shipping, aviation, industry, and heavy transport. With the potential to reach a total offshore wind capacity of 14 GW by 2030, Denmark's initiatives align with a recent pledge by European countries bordering the North Sea to boost offshore wind power generation for enhanced energy security and sustainability.
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