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May 26, 2020

European Energy secures EIA approval for 560MW Denmark wind projects

Danish wind and solar farm developer European Energy has announced that it has received environmental impact assessments (EIA) approval for two offshore wind projects in Denmark.

Danish wind and solar farm developer European Energy has announced that it has received environmental impact assessments (EIA) approval for two offshore wind projects in Denmark.

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Called Omø South and Jammerland Bay, the two wind facilities will have a combined capacity of 560MW and are expected to contribute to Denmark’s green energy transition.

European Energy CEO Knud Erik Andersen said: “I am pleased that we can contribute with such a significant boost to the green transition. In addition to supplying green electricity to over half a million Danish households, we will also remove about 750,000 tonnes of CO2.

“Furthermore, we will strengthen local growth and employment. In the construction phase, thousands will be employed – both directly and indirectly.”

By obtaining approvals from EIA, European Energy is now all set to begin the next phase of the projects, the development phase.

During the construction phase, the two projects are expected to create approximately 3,000 to 5,000 jobs. The projects will create 60-80 permanent employment opportunities in the region after completion.

The two offshore wind projects are expected to commence operations in 2023.

Andersen added: “We are very satisfied to receive the authorities’ approvals of both projects after eight years of a thorough review. We are now ready to enter the next phase, which means that the projects will hopefully be ready to contribute to CO2-reductions by 2023.

“I would like to thank the authorities for their collaboration, which we look forward to continuing. Furthermore, we are looking forward to continuing the dialogue with local stakeholders, which is a priority for us.”

In February this year, European Energy signed a multiyear offtake agreement with RWE.

According to the contract, the Danish company has agreed to supply 3TWh of green energy to RWE in Denmark, which is sufficient to power 115,000 homes in the region.

The seven-year agreement will come into force on 1 January 2024.

 

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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