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Denmark To Build $34 Billion Clean Energy Island

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Denmark has approved a plan to build a $34 billion clean energy island in the North Sea. The island, which will be the first of its kind, will be built 50 miles off the coast of Denmark. In its initial phase, the island will be the size of 18 soccer pitches and provide energy for 3 million European households. 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, Denmark’s climate minister, Dan Jørgensen. The island is expected to be completed by 2033 and will help in Denmark's goal to be carbon neutral by 2050. The state will hold a 51% stake in the island with the private sector holding the rest.

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