Denmark must run entirely on green electricity. Europe must become more green and secure. Today, the Danish Government announced new initiatives to support the offshore wind and hydrogen markets facing global challenges. The possibility of state subsidies is one of the options the Government has presented to enable 2-3 GW offshore wind. To realize a section of the hydrogen backbone running from Esbjerg to the German border by 2030, the Government will also provide government funds.

The power in Danish electricity outlets must be green – and Denmark must be able to produce it independently. As issues such as competitiveness, cohesion and the need to ensure independent energy production are emphasized repeatedly, a rapid green transition and decarbonization have become a common denominator.

However, strong signals of an offshore wind market challenged also show through a combination of rapidly increasing prices, supply chains under pressure, and uncertainty about the speed of demand growth of green energy. Most recently, this became evident through the Danish offshore wind tender in the North Sea.

To mitigate these challenges, the Danish Government now presents a series of initiatives that aim to get more offshore turbines spinning in the Danish waters, so they can contribute to a more green and secure Denmark.