European Energy and the Port of Aalborg have signed a Letter of Intent (LoI) that secures European Energy an option for a 25-hectare area at the Eastern Port in Aalborg, which is planned to be the location for a new electrolysis plant with a capacity of 120 MW and an associated e-methanol plant.
The project will produce around 75,000 metric tons of e-methanol per year and will be approximately twice the size of the plant, which European Energy is currently in the process of establishing in Aabenraa in Southern Denmark.
European Energy is also seeking permission to develop solar parks in the immediate area of the new Power-to-X plant. The plan is to start the construction work before the end of 2022 with the commercial operation by 2025.
Country updates
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March 01, 2022
Danish pension fund invests in AIP Infrastructure II
Lærernes Pension has acquired a DKK1 billion (US$152 million) stake from PKA in AIP Infrastructure II, a fund focused on energy transition investments in Europe and North America. This transact...
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February 22, 2022
European Energy takes 50% stake in 160 MW Lillebaelt Vind wind project
European Energy A/S, a Copenhagen-based renewables developer, has bought a 50% stake in a 160 MW offshore wind project in South Denmark from Sonderborg Forsyning, a local utility. In 2027, the...
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February 07, 2022
CIP launches its Green Credit Fund I with EUR1bn target
Copenhagen Infrastructure Partners (CIP) has launched its first debt fund – CI Green Credit Fund I (CI GCF I) – with EUR320 million (US$365.94 million) in seed capital. Marketing of the fu...
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February 04, 2022
European Energy connects the 71 MW Rodby Fjord solar PV project to the grid
European Energy A/S has announced that its 71 MW Rodby Fjord solar photovoltaic project has been connected to the grid, located on the island of Lolland in Denmark. The company has started constructi...
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January 28, 2022
RWE signs agreement for 800 MW offshore wind project in Denmark
RWE has signed a concession agreement with the Danish Energy Agency (Energistyrelsen) to construct and operate the 800 MW Thor offshore wind farm for 30 years.
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