Denmark Delays Man-Made Energy Island in North Sea Due to High Costs
- Government says project is not profitable and too risky
- More options for ‘better and cheaper concept’ will be analyzed
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Denmark postponed the public tender for its planned man-made energy island in the North Sea, saying that the finances behind the project are “challenged.”
The island, which is estimated to cost the Danish state more than 50 billion kroner ($7 billion), is in its current form “far from being profitable” and is too risky, the climate ministry in Copenhagen said in a statement on Wednesday.