Ørsted and ATP have joined forces to submit a bid in the upcoming tender for the Danish North Sea energy island.
The new partnership brings together the capabilities of the world’s leading offshore wind developer and Denmark’s largest institutional investor.
By submitting a bid together for the energy island in the North Sea, Ørsted and ATP want to make a significant contribution to Denmark’s ambitious green transition, its build-out of energy infrastructure, and shape the future build-out of large-scale offshore wind.
The North Sea energy island will be a cornerstone in harnessing the Danish offshore wind resources, which can make a substantial contribution towards Denmark’s and Europe’s green transitions and create thousands of jobs in Denmark.
Mads Nipper, CEO of Ørsted, says: “The North Sea energy island will be absolutely key to the continued build-out of offshore wind in the Danish North Sea. For the past 30 years, Ørsted has been the frontrunner in offshore wind development, making the technology a cornerstone of an economically sustainable, green transformation in Denmark and globally. By partnering with ATP to submit a bid for the Danish North Sea energy island, we’re combining Ørsted’s world-leading offshore wind expertise with ATP’s unique track record as one of Europe’s largest institutional investors. We look forward to working with ATP and doing our part to realise this groundbreaking infrastructure project with the best technological solutions at the lowest cost and risk to the benefit of the Danish society.”
Bo Foged, CEO of ATP, says: “The North Sea energy island is a very interesting investment case for ATP, because it can contribute to good and stable pensions and develop Danish industrial positions of strength while also being a decisive lever for the green transition in Denmark. The investment is, of course, not without risk, for which our members must be compensated, but Ørsted and ATP make up a strong partnership with the right complementary capabilities to deliver on this task. And then I’m also pleased that we, in this partnership, can secure that the returns from the project will benefit all Danes through ATP.”