GreenGo Energy and Ringkøbing-Skjern Municipality Join Forces to Construct 4GW Megaton Green Energy Park

GreenGo Energy has joined forces with Ringkøbing-Skjern Municipality in Denmark to construct a 4GW Megaton green energy park, which will employ renewable hybrid solar and wind energy. The project is set to be completed before 2030 and it is estimated that the total investment will be around €8bn. With this, Denmark can become a pioneering leader in the P2X industry and hydrogen economy.To power the Megaton project, GreenGo Energy will draw from their development portfolio consisting of 4000 hectares of onshore solar and wind projects within the municipality as well as 2GW of offshore wind taken from their open-door scheme . The exact locations for these power generating assets have not yet been identified, however they will be selected following consultation with local stakeholders and Ringkøbing-Skjern municipality.When operational, Megaton is expected to produce over 1 million tonnes of clean fuel annually. This energy park may create up to 500 permanent jobs within its vicinity plus others in spin-off companies due to surplus heat by-products. Karsten Nielsen, Chief Executive of GreenGo Energy says: “Our ambition with this megaton project is to put Denmark on the world map as a driving force towards 100% green power between now and 2050. We are so pleased with the enthusiasm that Ringkøbing-Skjern Municipality has expressed.”

Summary

• GreenGo Energy has joined forces with Ringkøbing-Skjern Municipality in Denmark to develop a 4GW green energy park using renewable hybrid solar and wind energy.
• The ambition is a production of over 1 million tonnes of green fuels annually and Megaton will be one of the largest fully integrated energy parks in the world.
• It is expected that 300-500 permanent local jobs will be created in connection with the Energy Park, renewable energy projects and spin-off companies that will be created by by-products such as surplus heat.

What is the total expected investment in the Megaton project?

The total expected investment in the Megaton project is €8bn.

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Picture source: Noah Buscher