• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 1 day Even Shell Agrees with Climate Change!
  • 8 days America should go after China but it should be done in a wise way.
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 1 hour Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 2 hours Does Toyota Know Something That We Don’t?
  • 4 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 days World could get rid of Putin and Russia but nobody is bold enough

Breaking News:

Houthis Threaten More Red Sea Attacks

Denmark To Build Wind Energy Hub On Artificial Island In The North Sea

Denmark will build an artificial island in the North Sea, which will serve as a wind energy hub eventually capable of meeting the electricity consumption of 10 million European households with green energy, the Danish Climate and Energy Ministry said on Thursday.

Denmark has a very ambitious and legally binding target to reduce its greenhouse gas emissions by 70 percent by 2030 compared to 1990 levels,  and reach net-zero emissions by 2050 at the latest.

At the end of last year, Denmark announced it would stop extracting oil from the North Sea in 2050, and canceled all future licensing rounds for oil and gas extraction from the North Sea.

The decision to build an artificial island in the North Sea for clean energy production is part of the country’s ambition to cut its emissions and contribute to the European Union’s (EU) goal for carbon neutrality by 2050, the Danish Climate and Energy Ministry said today.

The island will be built 80 kilometers (50 miles) from the shore of the Jutland peninsula, and the project will be a public-private partnership between the Danish state and private companies, with the state holding the majority.

“The energy hub in the North Sea will be the largest construction project in Danish history. It will make a big contribution to the realization of the enormous potential for European offshore wind, and I am excited for our future collaboration with other European countries,” Dan Jørgensen, Danish Minister for Climate, Energy and Utilities, said in a statement.

The island is expected to be able to provide 3 million European households with green energy in its first phase and to provide clean energy to 10 million European households when fully completed.

The island will cost around US$33.8 billion (210 billion Danish crowns) and is expected to be operational around 2033, Reuters reported.


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News