Denmark Is Set To Spend $30 Billion On Offshore Wind Island Which Will Power 10 Million Homes

Denmark is ready to build an artificial island tying in power from offshore wind farms of up to 10 gigawatts of capacity, to supply power to 10 million homes.

Denmark has wind turbine giant Vestas, world’s largest developer of offshore wind and it recently approved a law which targets reducing greenhouse gas emissions by 70% by 2030.

The government is searching for the right place to build islands surrounded by offshore wind farms with a total capacity of at least 10 GW - equivalent to 10 million European households’ electricity consumption.

Denmark covered 41% of its electricity demand from wind energy last year which was the highest level in Europe.

The project is critical to meet country’s legally binding climate act, one of the world’s most ambitious, which was passed by a broad majority in parliament.

The ministry said that the plans could cost as much as 200-300 billion Danish crowns, the vast majority of which will be financed by private investors.