• Facebook
  • Twitter
  • YouTube
  • LinkedIn
  • Search
Skip to content
Visit Sponsor
PRMinds
  • Home
  • Economy
    • Agricultural Economy
    • Creative Economy
    • Current Economy
    • Export Economy
    • Economic Roadmap
    • Sharing Economy
    • Sports Economy
    • Tourism Economy
    • Gig Economy
  • Industries
    • Apparel
    • Aviation
    • Insurance
    • Digital Transformation
    • Power & Energy
    • Logistics
    • Tourism
    • eCommerce & Retail
    • Banking & Finance
    • Shipping & Transport
    • Real Estate & Construction
    • Opinion
    • Politics
    • Food & Agriculture
    • Entertainment
    • Healthcare
    • Security
    • Water & Environment
    • HR Development
    • SMB Development
    • Entrepreneurship
    • Global
  • Technology
    • Communication
    • Electronics
    • Space
    • Medical
    • Digital Life Style
    • Software
    • Hardware
    • Manufacturing
    • Artificial Intelligence (AI)
    • Internet of Things (IoT)
    • Cryptocurrency & Blockchain
    • Virtual Reality (VR)
    • Machine Learning (ML)
    • Robotics
    • Metaverse
    • Cloud
  • Impacts
    • Economy
    • Business
    • Society
    • Covid-19
    • Inflation
    • Generation Gap
    • Comodities
  • Invest SL
    • FDI Opportunities
    • Potential Industries
    • Resources
  • Research
    • Academic Reports
    • Professional Studies
  • CORPORATE
    • Media Relations
    • Company Profiles
    • Annual Reports
    • Public Relations
    • Corporate Communications
    • Financial ConsultingHere we provides wealth management primarily through a range of life insurance-linked investment plans designed for wealth creation, management, and protection. savings and investment planning ⁠health and medical protection ⁠life protection ⁠retirement and long-term financial security.
Home Industries, News, Potential Industries, Power & Energy, TechnologyScaling Climate Partnerships for Industry Transition – Welcome to ‘energy island’!

Scaling Climate Partnerships for Industry Transition – Welcome to ‘energy island’!

August 21, 2022• byPRMinds Admin

Scaling Climate Partnerships for Industry Transition - Welcome to 'energy island'!

  • Denmark built the world’s first offshore wind farm in 1991. Now the country is embarking on another global first.
  • It’s building an artificial island in the North Sea that will eventually be capable of meeting all the nation’s electricity needs – a history making 10 million homes.
The first “hub and spoke” energy scheme will involve building an artificial island 80 kilometres out to sea. Image: Danish Energy Agency

Denmark, the nation that built the world’s first offshore wind farm, has agreed to an ambitious plan for another global first – an energy island in the North Sea which could eventually be capable of supplying energy to a history-making 10 million homes. The move will create a critical boost to the world’s offshore wind capacity.

The first “hub and spoke” energy scheme will involve building an island 80 kilometres off the Danish coastline to act as the transmission centre for hundreds of wind turbines surrounding it. At $34 billion, it’s the largest construction project in Danish history.

The project is also a potential blueprint for other coastal nations to develop their own green energy sources. “It’s in Danish waters, yes, but it could conceptually be in any other country,” said Peter Larsen of the North Sea Wind Power Hub Programme.

Energy hub for the world

The initial phase for the artificial island is around the size of 18 soccer pitches. Initially, the North Sea hub will be capable of producing 3 gigawatts of electricity, but the plan is to scale up to 10 gigawatts, which is nearly one-and-a-half times Denmark’s current needs.

As well as supplying other European countries with electricity, the goal is to use the new offshore island to produce green hydrogen from seawater, which can also be exported. Large batteries on the island will store surplus electricity for use when demand is high.

Although the Danish government will own a majority stake, private companies will be invited to join a public/private partnership to build the project. Power will be supplied by as many as 600 giant wind turbines, each standing up to 260 metres tall.

Minister of Foreign Affairs, Denmark

Such efforts are key given new climate-first commitments from countries around the world. As Reuters has reported, the European Union intends to depend entirely on renewable energy by 2031, increasing its energy capacity 25-fold by 2050.

Offshore wind installations saw a slight dip in the mid-2000s, but have been growing ever since. In fact, 2020 saw record-breaking financial investments into offshore wind, according to new data from The Renewables Consulting Group.

Scaling up while holding hands

The scaling up of offshore wind should be the catalyst for other ocean-based economic activities worldwide, according to Thomas Thune Andersen, Chairman of Danish green energy company Ørsted, which built the Vindeby wind farm.

“Setting up wind farms does have an impact on the local environment,” he told the World Economic Forum’s 2021 Davos Agenda virtual event. “But it’s also an opportunity to do other things,” he said.

There is a need “to set ambitions high” when it comes to offshore renewable energy, Andersen said, and to enable other activities in the same area, such as mariculture.

Governments, NGOs and businesses “all need to hold hands in order to do this,” he said. “We have seen very good examples already of seaweed farming, talking to fishermen about how we optimize that, how we build reefs and how we create other kinds of nurseries for fish.”

Andersen is one of more than 65 global leaders from business, civil society, international organizations, science and technology who comprise the Friends of Ocean Action, an initiative convened by the Forum to fast-track solutions to the most pressing challenges facing our oceans. 
(Visited 20 times, 1 visits today)
Apple iPhone 13 -iPhone 14 Previous: Apple iPhone 14 to be manufactured in India at the same time as China
Next: Japan seeks to organize Sri Lanka creditors’ meeting on debt crisis

Comments are closed.

Recent Posts

  • Why Sri Lanka Must Accelerate Its E-Lottery Transition
  • Why Unleashing the Digital Economy Should Be Sri Lanka’s Top Priority
  • Digital Transformation of Lottery to e-Lottery Models
  • The Role of AI in Shaping the Future of Public Relations
  • Sri Lanka at a Crossroads: From Devastation to a New Era of Resilience
  • Sri Lanka in the Wake of the Cyclone, “Ditwah” : A Nation Counting Its Losses
  • On the Ground at the National AI Expo & Conference: Key Announcements & Day 1 Learnings
  • Sri Lanka Charts a Bold AI Future with First National AI Expo & Conference
  • Listening → Lead → Leadership: Why Sri Lanka’s Politics Needs Empathy Now
  • Stand Against the Fake: A Call for Truth, Accountability and Civic Courage

Subscribe for Newsletter

Loading

  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
  • Search

PRMinds Business Journal

PRMinds Business Journal is common place to view all business & economic related news in one page.

Categories

  • Economy
  • Industries
  • Technology
  • Impacts
  • Invest SL
  • Research
  • CORPORATE

Recent Posts

  • Why Sri Lanka Must Accelerate Its E-Lottery Transition
  • Why Unleashing the Digital Economy Should Be Sri Lanka’s Top Priority
  • Digital Transformation of Lottery to e-Lottery Models
  • The Role of AI in Shaping the Future of Public Relations
  • Sri Lanka at a Crossroads: From Devastation to a New Era of Resilience

Contact Us

Call Us :

+94 716 837 660

Email :

prminds@gmail.com

Copyright © 2024 PRMinds Business Journal
  • Home
  • About
  • Contact
Close Search Window
↑

Contact Us