π Tender Overview
Scope of Work:
To Develop 1.1 GW Jyske Banke Nord Wind Project in the North Sea.
Description:
The companies have teamed up in a 50/50 partnership to progress large-scale project. The partnership needs merger clearance, which is anticipated by the end of the year. The project would be developed under Denmarkβs open-door scheme without taxpayer support.
In Denmark, an offshore wind farm can be installed under a tender process run by the Danish Energy Agency or an open-door procedure, where a developer files an unsolicited application to conduct preliminary investigations in a given area. Developers of open-door project also pay for the grid connection.
The project, targeted to generate power in 2027/2028, expected to contribute to Denmark's and Europeβs green transformation, harnessing Denmarkβs offshore wind resources to deliver much-needed green energy at a time of climate and geopolitical challenges. The partners expect that they can create a Danish Power-to-X stronghold. Using the power directly for Power-to-X could lead to the establishment of regional centres for large-scale production of renewable hydrogen or green fuels, the companies say. The green hydrogen could then be injected into the international hydrogen infrastructure that is being considered in Northern Europe. The project will also support growth and job creation in Denmark.