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Danish JVs chase 550MW offshore

European Energy to build two projects in JVs with Boralex, NIBC

Danish JVs chase 550MW offshore image

European Energy is to build two nearshore wind farms in its native Denmark totalling more than 550MW under joint ventures with Canadian player Boralex and Dutch bank NIBC.

The company said the sites are both approved by the Danish Energy Agency. Orbicon has been signed to carry out an environmental impact assessment, which is expected to be complete in early 2015.

“We believe the combination of Boralex’s experience within renewable energy and NIBC’s experience with financing as complimentary to our insights in both renewable energy and Danish infrastructure will prove to be strong,” said project manager Ian Wallentin.

“The goal is to leverage synergies between the two sites sharing best practices between both joint ventures.”

European Energy chief executive Knud-Erik Andersen added: “We believe the wind farms could produce up to 8% of total Danish power consumption. This would mark an important step in the Danish ambition to become entirely free of fossil fuels by 2050.”

Image: European Energy has entered into two joint ventures (FreeImages)

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