Denmark has received a major boost in its push towards carbon neutrality, with seven green projects awarded a total of DKK 3.5 billion in EU funding. These initiatives are part of a larger EU Innovation Fund allocation of €4.8 billion, aimed at supporting 85 projects across Europe focused on reducing CO2 emissions and advancing clean energy.
The Danish Energy Agency, in a press release, highlighted that the funded projects are expected to displace over 33 million tonnes of CO2 over the next ten years, significantly contributing to Denmark's and the EU's climate goals.
Green Fuel Production at the Forefront
One of the standout Danish projects is European Energy's "GreenWave" initiative, which has been granted at least DKK 375 million. The funds will support the construction of a large-scale factory that will produce over 100,000 tonnes of e-methanol annually. E-methanol is a green fuel that can be used by the shipping industry and in plastic production, reducing reliance on traditional oil-based processes.
Currently, European Energy operates a smaller plant in Aabenraa, but with the new funding, the company plans to expand its operations. While the final location for the larger factory is yet to be confirmed, Padborg or Nakskov have been mentioned as potential sites. The facility is expected to be operational by 2028-2029, according to reports from Danish broadcaster DR.
Other Supported Projects
In addition to European Energy, companies like Aalborg Portland, Siemens Gamesa, and Vestas are among the Danish firms receiving EU support for their green initiatives. While Aalborg Portland has not yet disclosed details of its project, more information is expected soon.
Minister Praises Danish Success in Securing EU Funds
Climate, Energy, and Supply Minister Lars Aagaard expressed his satisfaction with the EU's decision to support Danish projects. He pointed out that Denmark's ability to secure DKK 3.5 billion out of the EU's total pool is a testament to the country’s commitment to green innovation.
“This shows that our efforts to get more EU funds for Danish projects are bearing fruit,” Aagaard stated in a LinkedIn post, emphasizing the importance of continued collaboration between Denmark and the EU on climate initiatives.
