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Shell to join consortium planning to build North Sea Energy Island

By: Tom Russell 21/06/2022 PensionDanmark

General Windfarms

The parties behind the VindØ consortium - PensionDanmark, PFA, Andel and Copenhagen Infrastructure Partners - which plan to build an energy island in the North Sea off Denmark, have signed a Memorandum of Understanding with the energy company Shell that Shell will join the consortium.

The letter of intent contains the general terms and conditions for Shell's participation and co-financing of the project. It is part of the ambition that the Shell and VindØ consortium is expected to enter into a collaboration to use the power from the associated offshore wind parks to produce green hydrogen on the island.

The final agreement with Shell is expected to be finalised within the coming months.

The consortium expects to participate in the forthcoming tender for the construction of the energy island, where the Danish Energy Agency is expected to nominate a winner during 2024.

"We look forward to welcoming Shell into the VindØ consortium. Shell's significant resources and experience from the energy sector and the intention to produce green hydrogen on the island strengthen the consortium's opportunities to submit a competitive bid for the construction of Denmark's first energy island. We We are pleased that a large energy company such as Shell is seriously joining the green transition in Denmark,” said Torben Möger Pedersen, CEO of PensionDanmark.

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Shell to join consortium planning to build North Sea Energy Island

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