Allianz explores investment in German hydrogen island

Copenhagen Infrastructure Partners (CIP) and Allianz Investment Management (AIM) are to conduct a feasibility study for an artificial energy island in the German North Sea, which would be connected to large-scale offshore wind farms.

“The power and Green Hydrogen from energy islands will be connected to the public grids in Germany to provide a sizeable contribution to domestic energy production and security of supply”, CIP and AIM said in a joint statement.

Energy islands create an onshore environment at an offshore location which makes it possible to cost-effectively build electrical infrastructure and produce green hydrogen offshore, the two partners pointed out.

CIP has also unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark.

In Denmark, CIP is proposing to build an island called BrintØ, which is planned to be established on the Danish part of Dogger Bank, an area expected to become a central hub for the future build-out of offshore energy infrastructure in the North Sea, according to CIP.

The island would be connected to 10 GW of offshore wind, which would be used primarily to produce green hydrogen via Power- to-X, and is planned to be in production by 2030.

BrintØ would be able to produce around 1 million tonnes of green hydrogen per year when fully built out, which corresponds to approximately 7 per cent of the EU’s expected hydrogen consumption in 2030, according to CIP.

“BrintØ – and over time other adjacent energy islands – will produce very large amounts of green hydrogen from offshore wind for export to nearby countries, e.g. Germany, the Netherlands, and Belgium. BrintØ will thus create a foundation for the production of sustainable green fuels via Power-to-X for trucks, ships and aircrafts”, CIP said in a statement.

Both the plan for the energy island in Denmark and the feasibility study in Germany come as a response to the announcements made by the German government on an accelerated green transition and the declaration from 18 May signed by the Ministers of Energy of Germany, Denmark, Belgium and the Netherlands.

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