Danish consortium raring to bankroll North Sea energy island

first_img“The energy island in the North Sea is a very visionary project which will play an important role in the economically sound expansion of offshore wind capacity,” said Torben Möger Pedersen, CEO of PensionDanmark. The largest of the new energy islands is going to be an artificial island in the Danish North Sea. PensionDanmark, PFA, and SEAS-NVE are ready to finance the energy island, initially with up to €50 million to develop the project. ”SEAS-NVE has a long tradition of taking considerable responsibility for developing the Danish energy system. A development that is driven by strong professional insight. Among other things, this is the knowledge we will bring into play in connection with the energy island. Most recently, we have specific experience from energy storage experiments.” A consortium including three of the largest Danish pension and energy companies is ready to finance and operate the recently approved energy island in the Danish North Sea. ”At the same time, developing and constructing the island will create many new Danish jobs that will help the Danish economy in recovering from the effects of COVID-19. It is therefore our hope as investors that the process going forward will be fast and inclusive, making it possible for industrial players to mitigate the risk associated with such a huge infrastructure project.” In time, the island will connect 10 GW offshore wind and host electricity storage and power-to-X, as well as housing, O&M facilities, and HVDC converters for transmission and interconnectors. “In the future, society’s energy supply must be covered to a greater extent by renewable energy if we are to succeed with the green transition,” said Jesper Hjulmand, CEO, SEAS-NVE. The energy island will be developed in stages in line with increasing Danish electricity demand, the development of electricity storage technology or, for example, Power-to-X, as well as the connection of the island to other countries around the North Sea.center_img Earlier this week, the Danish parliament approved a new Climate Action Plan which calls for the development of two energy islands, one in the North Sea and one in the Baltic Sea, with a combined capacity of 5 GW by 2030. The island is going to be established by 2030 at the latest with 3 GW offshore wind connected through it. The partners see the state’s ambition of an energy island as very visionary and value-adding for Danish offshore technology. Design and construction of the energy island is a large and demanding project, but can be implemented with the existing technology, the consortium said. The new plan also approves the development and construction of one more wind farm in the Baltic Sea with the capacity of up to 1 GW. The consortium plans to finance and develop the project entirely without government funding. The partners are assisted by the green infrastructure investment company, Copenhagen Infrastructure Partners (CIP). “A wind island in the North Sea will add even more momentum to the green transition, and the concept has global potential. That is why we at PFA are ready, together with the partners in the consortium, to lift this historic project and thereby ensure that PFA’s 1.3 million customers’ savings are put to good work in the best possible service,” said Kasper Ahrndt Lorenzen, Group CIO of PFA Pension.last_img read more

Ivy Tech Lawrenceburg to Host College 101 Night

first_imgLawrenceburg, IN—Decisions about college – what to study, which school to attend, how to afford a degree can quickly become overwhelming. That’s why Ivy Tech Community College is hosting College 101, an on-campus event, on November 14th at the Lawrenceburg Campus from 5-8 pm, to help prepare high school students for their next step!Staff and Faculty will be on-hand to discuss financial aid options, how to earn an accelerated (ASAP) associate degree, and Ivy Tech’s Transfer as a Junior programs; which save bachelor-earning students an average of $10,000 for the first two years of college. This event also gives students and their families the opportunity to hear what Ivy Tech has to offer, including student organizations, campus involvement, earning college credits while still in high school, and more!High School students are their families are invited to attend this event. RSVP Preferred: https://www.surveygizmo.com/s3/5279587/college101Additional Information: https://www.ivytech.edu/college101Students in attendance will be entered to win a FREE CLASS at Ivy Tech: one high school student will receive this prize! Any questions about College 101 Night, held at the Lawrenceburg Campus, should be directed to:Allie LayDirector of K-14 Initiatives and Recruitment – Lawrenceburg Campus812.537.4010 ext. 5326aleap@ivytech.edulast_img read more