DK Havenergi
DK Vindkraft
DK Solenergi
DK PtX
DK Innovation
DK CCS

Ørsted and ATP will bid for energy island in the North Sea

The energy company Ørsted was concerned about the upcoming energy island, but it now intends to bid for the island together with ATP.
22. APR 2021 6.58
Energi
Nordsøen
Teknik & Miljø

The Danish energy company Ørsted and the pension fund ATP will bid for what will be the world's first energy island to be created in the North Sea. This is reported by Børsen. The two companies are preparing a bid for the tender round, which is expected to begin next year.

- We believe that energy islands are fundamentally a good idea. It is a cornerstone in accelerating offshore wind and power-to-x in Denmark, but also in exploiting the huge offshore wind resources Denmark has in the North Sea, says Ørsted CEO Mads Nipper to Børsen.

However, these are different tones than those previously heard from Ørsted, the newspaper writes.

In January - before a broad political majority at Christiansborg decided to proceed with the plan - the company expressed concern about the technical challenges of building a new artificial energy island in the North Sea. It was called "risky business" and there were fears that it could become "the IC4 case of offshore wind".

Ørsted instead believed that steel platforms should be built at sea. However, Mads Nipper denies to Børsen that he called any solutions wrong.

Ørsted simply assessed that the solution with steel platforms "was more appropriate". After the political decision on the dammed energy island in the North Sea, it is said that it is 100 percent in support.

ATP director Bo Foged tells the newspaper that the pension fund sees an opportunity to participate in building a Danish position of strength and "contribute significantly to the green transition".

Still uncertain basis

According to the Danish Energy Agency, the energy island in the North Sea, which will be the largest construction project in Danish history with a price tag of 210 billion DKK, can ensure a profit of 13 billion DKK. over a lifetime of 30 years. However, economists have told Jyllands-Posten's business media, Finans, that this figure is unrealistic.

Jan Bentzen, an associate professor at Aarhus University specializing in socio-economic analysis, said in early April that the first stage of the three GW project will result in a deficit of 12-21 billion. DKK.

The fully developed ten GW plant will, according to Bentzen, have a deficit of 47-77 billion. DKK.

The crucial difference is that the Danish Energy Agency underestimates the return that private investors must have to finance the project, he told the media.

Ritzau

Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.

Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.

Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.

Any deviation from the above requires written consent from DK Medier.

https://www.doi.dk/en/vindkraft/artikel/oersted-og-atp-vil-byde-paa-energioe-i-nordsoeen

GDPR