Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Denmark postpones energy island tender due high cost

Thursday, June 29 2023

General – Energy Island Denmark

The Danish government has postponed the launch of a tender to establish a North Sea energy island project due to high costs, the country’s ministry of energy said on Wednesday.

File image.

The project included the construction of an artificial island in the North Sea that would serve as a hub to gather and distribute power generated by surrounding offshore wind turbines.

The government will consider alternative options in order to cut costs, the Danish ministry said.

Denmark approved the plan to build the world’s first energy island in early February 2021, which it said could produce and store enough green energy to cover the electricity needs of three million European households.

The ministry of energy and the Danish energy authority have since developed the initial concept and now estimate that the government’s cost for the project would amount to more than 50 billion Danish crowns ($7.35 billion).

“The project is thus far from being profitable, which is a clear condition for the project in the political agreements,” the energy ministry said in its statement.

The government added that it remains committed to the construction of the energy island, but said it was necessary to explore alternatives that could make the project viable in light of current economic concerns.

Related posts:

  1. Denmark to launch North Sea Energy Island tender spring 2023
  2. Shell joins VindØ consortium to build Denmark’s first energy island
  3. Ramboll wins new multimillion energy island contract
  4. RTEi involved in HVDC project Danish energy island

Filed Under: Denmark, Energy Islands, International News, postponement Tagged With: Denmark, Energy Island, postponement

All rights reserved - 2025 cookies