Ørsted has entered into an agreement with the investment company Copenhagen Infrastructure Partners (CIP) to develop 5.2 GW of offshore wind in Denmark. The company writes this in a press release.
This will be a doubling of Denmark's current amount of offshore wind, says the announcement. The agreement contains four different projects, which are expected to be ready in 2027 or 2028.
- The four large open door projects can help to cement Denmark's continued leadership position and create the foundation to kick-start the next phase of a Danish business adventure in the production of green hydrogen and green fuels, says Rasmus Errbo, who is regional director at Ørsted, in the announcement.
- I am very excited about the partnership with CIP, where we bring together our unique skills and knowledge to develop a significant part of Denmark's offshore wind resources.
Two of the offshore wind turbine projects are to be located in the North Sea, and the other two are planned to be located in the Baltic Sea. Together with CIP, Ørsted will be responsible for the development, construction and operation of the offshore wind farms.
The partnership envisages that the open door projects can create a Danish industrial adventure within Power-to-X by delivering large amounts of renewable energy as soon as possible, i.e. aiming for 2027/2028, if possible.
p>- We are proud to, together with Ørsted, give our bid on how we can secure Denmark the green energy that has never been more necessary than these days. If we succeed in completing the projects, we will also secure the green power that is necessary to give the Danish Power-to-X industry a much-needed boost, and we are happy about the support from the Danish pension funds and their members, which prioritizes and invests in the green transition, says Torsten Lodberg Smed, senior partner at Copenhagen Infrastructure Partners
Political ambitions turned up
From the political side, it was decided earlier this year that the number of offshore wind turbines in both the North Sea and the Baltic Sea must be greatly increased.
Most recently, Denmark agreed with the other Baltic Sea countries that the capacity for offshore wind in the Baltic Sea must be increased sevenfold and increased to 19.6 GW in 2030.
Denmark, together with Germany, the Netherlands and Belgium, has also committed to tenfold the production of offshore wind in the North Sea by building new energy islands.
Concretely, the goal is to deliver at least 65 gigawatts of offshore wind in 2030 and increase the capacity to at least 150 GW in 2050. This will be able to supply up to 230 million European households with green electricity.
The partnership between Ørsted and CIP is subject to regulatory approval, which is expected before the end of 2022.
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