Denmark and China sign offshore wind deal

Denmark has landed a three-year contract to help China install offshore wind farms.

Photo: Siemens

In a recent visit to China, Danish energy minister Lars Christian Lilleholt signed an agreement with Chinese energy minister Nur Bekri regarding the development of offshore wind farms in China. The deal earmarks DKK 8 billion (EUR 1.07 billion) to be used over the next three years to get experienced Danish personnel and companies to assist China in installing large offshore wind farms more quickly, reports Danish daily Politiken.

Lilleholt describes the deal as "a milestone for Danish-Chinese energy cooperation" and emphasizes that the agreement should be seen as a recognition of Danish knowledge of green energy production as well as a favorable opportunities for Danish companies to enter the Chinese market. Meanwhile, the Danish energy authority informs Politiken that Danish energy exports to China increased last year with DKK 600 million to DKK 3.7 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

NKT targets double revenue in business unit

The Danish cable manufacturer closes the second quarter with flying colors, with a record-sized order book resulting in factory expansion, which along with other extensions propels the Solutions division forward to nearly doubling its top line.

Uniper hits Q2 net deficit of EUR 9.3bn

Just as expected, the German utility is hit hard by supply commitments forcing natural gas purchases on the wholesale market. State bailout keeps the business floating.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Further reading

Related articles

Latest News

See all jobs