(Ringkøbing-Skjern / Denmark) – The Danish project developer Greengo Energy Group wants to develop an “energy park”. The project, called “Megaton,” includes solar and wind power plants with a cumulative installed capacity of four gigawatts.
The proceeds will be used to produce green hydrogen in an electrolyzer with a capacity of two gigawatts. The location is the Danish municipality of Ringkøbing-Skjern, north of the port city of Esberg on the country's west coast.
Megaton could “become a new landmark for Denmark” and help position the country “as a pioneer in the new P2X industry and the hydrogen economy,” the company said. Full commissioning is scheduled for 2030.
Investments of eight billion euros
According to the information, the expected total investments amount to around 60 billion Danish crowns (eight billion euros). It is assumed that 300 to 500 permanent jobs will be created in West Jutland as additional companies set up, which could also use the waste heat from electrolysis, for example.
Excess heat in the order of one terawatt would also be fed into the local district heating system. Heat and green electricity from the portfolio will also be used for new industries, greenhouses and agriculture.
Consistent power generation required
One of the core requirements for competitive Power-to-X projects is the consistent generation of green electricity throughout the year so that electrolysis can be operated optimally. This requires “the right combination of solar and wind energy”. The starting point for this is Greengo Energy's development portfolio with 4.000 hectares of onshore solar and wind projects in the community as well as additional offshore wind power plants with an output of two gigawatts.
The final locations of the facilities have not yet been determined, but will be determined “in the coming months in close cooperation with the municipality of Ringkøbing-Skjern and local interest groups.”
Plants produce a third of Denmark's electricity consumption
The annual yield from renewable energy power plants is forecast to be 11,5 terawatt hours, which corresponds to more than 30 percent of Denmark's current total electricity consumption. More than 85 percent of this should be used directly in the Megaton Park for the production of green hydrogen.
It is also intended to offer the local population participation in the project. The final models for local value creation are still being developed.
Greengo Energy was founded in 2011 and currently claims to have 14 gigawatts of solar, wind and power-to-X projects in various development and construction phases in Northern Europe and the USA. Services include, but are not limited to, development, engineering, procurement, construction management, operations and maintenance, and asset management.
Class schedule
Rendering of the Megaton energy park that Greengo Energy wants to develop in Denmark for eight billion euros. © DWR Eco GmbH
