Orsted and ATP join forces to bid on North Sea energy island

Orsted and ATP will present a joint bid in the next call for tenders for the Danish North Sea energy island.

Partnership brings together the capabilities of the world’s leading offshore wind developer and Denmark’s largest institutional investor

In a press release, the companies said that by jointly submitting a bid for the North Sea energy island, Orsted and ATP wanted to make a significant contribution to Denmark’s ambitious green transition, building a energy infrastructure and shaping the future. large-scale offshore wind development.

The partnership builds on the strong industrial and financial capacities of the two companies by focusing on the development of the significant renewable energy resources present in the Danish North Sea. These resources could then be developed over the next decades, driving Europe’s green transition.

“The energy island in the North Sea will be a cornerstone in the exploitation of Danish offshore wind resources, which can make a substantial contribution to the green transitions in Denmark and Europe and create thousands of jobs in Denmark” , we read in the press release.

Orsted had already built more than 25 offshore wind farms and 17 offshore transmission systems around the world, and was already the world’s leading developer of offshore wind.

Mads Nipper, CEO of Orsted, said: “The energy island in the North Sea will be absolutely essential for the further construction of offshore wind in the Danish North Sea. For the past 30 years, Orsted has pioneered offshore wind development, making technology the cornerstone of green and economically sustainable transformation in Denmark and around the world.

“By partnering with ATP to submit a bid for the Danish North Sea energy island, we combine Orsted’s global expertise in offshore wind with ATP’s unique experience as one of the largest institutional investors in Europe. We look forward to working with ATP and doing our part to realize this revolutionary infrastructure project with the best technological solutions at the lowest cost and risk for the benefit of Danish society. “

Bo Foged, CEO of ATP, said: “The energy island in the North Sea is a very interesting investment case for ATP, as it can contribute to good and stable pensions and develop Danish industrial positions by force. by also being a decisive lever for the green transition in Denmark.

“Of course, the investment is not without risk, for which our members must be remunerated, but Ørsted and ATP form a strong partnership with the appropriate complementary capacities to carry out this task. And then I am also happy that we can, within the framework of this partnership, guarantee that the returns of the project will benefit all Danes through ATP. “


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