Denmark’s Port Esbjerg is set to benefit from up to USD144.9 million of investment from Nordic infrastructure fund Infranode.

The finance will be used to support the development of port infrastructure facilities for the wind energy industry, including storage, preassembly and manufacturing.

Investments will be made gradually as manufacturers of wind turbine components and offshore wind service providers expand their businesses in the region’s rapidly growing wind energy industry.

Flemming N. Enevoldsen, Port Esbjerg’s chairman, said: “We have found a strong, long-term partner with substantial insights in energy, port infrastructure and sustainability. With this new partnership, the city of Esbjerg, Port Esbjerg and Denmark will be even better prepared to seize opportunities to create green growth and new jobs in the massive expansion of offshore wind power in the North Sea as we approach 2030.”

There are currently 100 GW of prospective wind energy project lined up for installation in the North Sea by 2030.

“Esbjerg is uniquely positioned in a rapidly growing offshore wind market as well as in the North Sea, which plays a key role in Europe’s climate transition. We are pleased to have this opportunity to play a part in building on that position and to create a setting for future green growth in the region. We want to play a part in propelling the industry to new heights,” said Infranode senior advisor Niels Vallø.

This is second major investment Infranode has made in Denmark. During December 2019 it decided to support a large solar power plant project that is currently under construction in Vandel, Central Jutland.