This week, Denmark, Germany, Belgium and the Netherlands committed to turn the North Sea into a "green power plant" by building artificial islands where wind energy could be turned into hydrogen and electricity. Few points on this fascinating - and a bit futuristic - project.
The plan in a nutshell: to increase the four countries' installed offshore wind capacity from the current level of 15 GW to 65 GW by 2030 (i.e., equivalent to around 40 nuclear reactors) and to 150 GW by 2050 (i.e., equivalent to around 100 nuclear reactors).
Denmark is doing preliminary studies for the development of the world's first energy island. The island will have an initial capacity of 3 GW by 2033 (i.e., equivalent to half of Denmark’s electricity consumption). The capacity is then due to be expanded up to 10 GW by 2040.
The four countries agreed to cooperate on maximizing the capacity on this first energy island in Denmark, and on connecting it with Belgium in 2033. Faster approval processes were also agreed, while EU pledged financial support to reduce risks for investors.
Next steps. The world's first merchant wind farm, the 1.5 GW Hollandse Kust Zuid offshore Rotterdam, will start next summer, with similar projects in Denmark and Germany also tendered without direct subsidies. Bids also included electrolyzer proposals.
The plan in a nutshell: to increase the four countries' installed offshore wind capacity from the current level of 15 GW to 65 GW by 2030 (i.e., equivalent to around 40 nuclear reactors) and to 150 GW by 2050 (i.e., equivalent to around 100 nuclear reactors).
Denmark is doing preliminary studies for the development of the world's first energy island. The island will have an initial capacity of 3 GW by 2033 (i.e., equivalent to half of Denmark’s electricity consumption). The capacity is then due to be expanded up to 10 GW by 2040.
The four countries agreed to cooperate on maximizing the capacity on this first energy island in Denmark, and on connecting it with Belgium in 2033. Faster approval processes were also agreed, while EU pledged financial support to reduce risks for investors.
Next steps. The world's first merchant wind farm, the 1.5 GW Hollandse Kust Zuid offshore Rotterdam, will start next summer, with similar projects in Denmark and Germany also tendered without direct subsidies. Bids also included electrolyzer proposals.
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