Denmark has reached an agreement on the construction of an energy hub in the North Sea. The energy hub will be an artificially constructed island 80 kilometres from the shore of the peninsula Jutland. It will be owned by a public-private partnership.The energy hub will serve as an offshore power plant gathering and distributing green electricity from hundreds of wind turbines surrounding the island directly to consumers in countries surrounding the North Sea. The island is expected to have a total area of at least 120.000 square meters and in its first phase it will be able to provide 3 million European households with green energy. The project will be a public private partnership between the Danish state and private companies. The State will own the majority of the island, but private companies will be crucial for the project to fulfill the potential as regards to innovation, flexibility, cost-effectiveness and business potentials. Details about the ownership of the island will be specified in order for a tender for private partnerships to be opened, making the island a reality as soon as possible.
