Ørsted and ATP, Denmark’s largest pension company, have joined forces to submit a bid in the upcoming tender for the Danish North Sea energy island
Ørsted chief executive Mads Nipper said, “The North Sea energy island will be absolutely key to the continued build-out of offshore wind in the Danish North Sea.
“For the past 30 years, Ørsted has been the frontrunner in offshore wind development, making the technology a cornerstone of an economically sustainable, green transformation in Denmark and globally.
“By partnering with ATP to submit a bid for the Danish North Sea energy island, we are combining our offshore wind expertise with ATP’s track record as one of Europe’s largest institutional investors.”
ATP chief executive Bo Foged said, “The North Sea energy island is a very interesting investment case for ATP, because it can contribute to good and stable pensions and develop Danish industrial positions while also being a decisive lever for the green transition in Denmark.
“The investment is, of course, not without risk, for which our members must be compensated, but Ørsted and ATP make up a strong partnership with the right complementary capabilities to deliver on this task.”