GreenGo plans EUR-8bn inexperienced power park in Denmark

Photo voltaic developer GreenGo Vitality Group a/s is planning to construct a inexperienced power park in Denmark, powered by 4 GW of wind and photo voltaic power, to supply greater than 1 million tonnes of inexperienced fuels yearly.

The power park, dubbed Megaton, shall be situated within the Ringkøbing-Skjern municipality, western Denmark, and would require investments of about DKK 60 billion (USD 8.75bn/EUR 8.06bn).

The built-in facility will embody a 2-GW electrolysis plant which needs to be operational earlier than 2030. The manufacturing of inexperienced fuels on the park shall be powered by a mixture of photo voltaic and wind power — about 2 GW will come from onshore wind and photo voltaic tasks in GreenGo Vitality’s growth portfolio within the municipality and an additional 2 GW shall be added from the corporate’s offshore wind growth portfolio in Denmark.

The mixture of the power sources is anticipated to generate 11.5 TWh yearly and make sure the steady and balanced operation of the electrolysis plant. Greater than 85% of the facility shall be used on the power park for the manufacturing of inexperienced fuels whereas the excess warmth and energy shall be fed into the native district heating system and used for brand new industries akin to greenhouses and vertical farming.

“With the Megaton venture and the event of one of many world’s largest power parks in Western Jutland, we’ll as soon as once more put Denmark on the world map as a pacesetter within the transition to 100% inexperienced energy and the inexperienced fuels which are needed to attain the worldwide local weather objectives in direction of 2050,” commented GreenGo Vitality’s chief govt Karsten Nielsen.

GreenGo Vitality will companion on the mega venture with the Ringkøbing-Skjern municipality which sees nice potential for creating worth within the area. The initiative will create between 300 and 500 everlasting native jobs and result in new enterprise alternatives akin to vertical farming.

Megaton is anticipated to play a key function in Denmark’s ambition to quadruple onshore renewable power and construct an electrolysis capability of 4 GW-6 GW by the top of this decade.

(DKK 1 = USD 0.146/EUR 0.134)

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