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Denmark Agrees on Ownership Structure for Giant Energy Island

A rendering of an energy island.
A rendering of an energy island.Source: Danish Energy Agency

Denmark’s political parties formed a plan for the ownership of its $34 billion man-made energy island in the North Sea that’s needed to fulfill its ambitious carbon reduction target.

The island will support infrastructure for Denmark’s offshore wind parks which will supply electricity to millions of homes. The nation, which already gets almost half of its power from wind, has pledged to cut its emissions by 70% compared with 1990 levels by 2030 and to be carbon neutral by 2050.