Together, Orsted and Copenhagen Infrastructure Partners will build 4 projects totaling 5.2GW of offshore wind energy in Denmark.
The planning, building, and operation of the offshore wind farms as well as the associated transmission assets are all included in the two companies’ 50/50 partnership, which is subject to a merger clearance approval anticipated by the end of 2022.
According to Orsted and CIP, the wind farms will include power-to-x projects and will be able to provide the nation with large-scale renewable electricity by 2027–2028.
The projects are the 1.5GW Bornholm Bassin Syd and the 1.5GW Bornholm Basin st in the Baltic Sea, the 1.1GW Vikinge Banke and the 1.1GW Jyske Banke Nord in the North Sea.
The projects’ combined capacity is greater than twice as much as Denmark’s present installed offshore wind capacity.
The offshore wind farms will be built without financial assistance from Danish tax payers, and they will have a big impact on Denmark’s economic development and employment creation.
Orsted and CIP expressed the intention that the projects may be completed beforehand and concurrently with those included in government tenders.
Rasmus Errboe, Orsted’s Head of region continental Europe, said “Denmark has been a pioneer in offshore wind and is a front-runner in the green transformation.”
“The four major open-door projects can help consolidate Denmark’s continued leadership position and create the foundation to kick-start the next phase of a Danish business adventure around the production of renewable hydrogen and green fuels.
“I’m very excited about the partnership with CIP where we combine our unique skills and knowledge to develop a substantial part of Denmark’s offshore wind resources.”
Torsten Lodberg Smed, Copenhagen Infrastructure Partners senior partner, said “It’s an obvious and good idea for the most experienced Danish offshore wind developers to join forces to ensure that Denmark’s largest build-out of offshore wind takes place as efficiently as possible and with due respect for the environment and biodiversity in Danish waters.”
“We’re proud to present our proposal together with Ørsted for how we can ensure the green energy for Denmark, which has never been more necessary, than during these times.”
“If we succeed in completing the projects, we’ll also ensure the renewable electricity needed to give the Danish Power-to-X industry a much-needed boost, and we’re pleased with the support from the Danish pension funds and their members, who prioritise and invest in the green transition.”