Oil and gas major Shell Plc (LON:SHEL) has become part of the consortium developing the first energy island project in the Danish North Sea, set to deliver power from 10 GW of offshore wind turbines to Denmark and other neighbouring countries.
Shell’s participation was announced on Thursday by Copenhagen Infrastructure Partners (CIP), which is leading the VindO consortium. Danish pension funds PensionDanmark and PFA and utility Andel round off the list of other members.
Under the proposal, the companies will install an energy island around 80 km-100 km off Denmark’s western coast, bringing together offshore wind, energy storage and Power-to-X technologies. They will seek support for the initiative in an upcoming solicitation to be held by the Danish Energy Agency. Contractors were selected in November 2021.
The joining of Shell comes on the heels of a Memorandum of Understanding (MoU) which the group signed in June 2022.
A year ago, Germany, Denmark, Belgium and the Netherlands pledged to pursue a tenfold increase in the installed North Sea wind capacity. The four nations will seek to reach at least 65 GW of offshore capacity by end-2030 and then more than double it to at least 150 GW by 2050.