Denmark to build energy Island

The Danish Finance Ministry has released plans an artificial ‘energy islands’ in the North Sea as a part of its Climate Action Plan.

Energy generated from the new island, and another wind farm in the Baltic Sea, will be used to create hydrogen, and should triple the country’s offshore capacity. If full capacity is reached, then it is possible that the projects could expand Europe’s offshore by over half its current level.

Expected to cost €37bn, the projects are a major infrastructure investment, and will be financed with public-private partnerships, with the emphasis upon the private part of the finance.

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