Called ‘Megaton’, the energy park will be established at the future Stovstrup 400kV substation east of Tarm in the Ringkøbing-Skjern municipality and targets the production of over 1 million tons of green fuels annually. The total investment in the project is expected to be around €8 billion. The energy park and the fully integrated renewable energy projects could be operational before 2030.
The starting point and prerequisite for Megaton is GreenGo Energy’s development portfolio of 4,000 hectares of onshore solar and wind projects in the municipality as well as 2 GW of offshore wind that is taken out of GreenGo Energy’s development portfolio of offshore wind projects in Denmark, which are primarily applied for under the open-door scheme. The final locations for the energy-producing assets have not yet been determined but will be qualified in close cooperation with the Ringkøbing-Skjern municipality and local stakeholders over the coming period. The location in the Ringkøbing-Skjern municipality benefits from complementary solar and wind production profiles – a hybrid that can be balanced so that the Megaton electrolysis plant runs optimally all year round.
The 4 GW solar and wind projects will produce 11.5 TWh of green power annually, which corresponds to more than 30% of Denmark’s current total power consumption. More than 85% is expected to be consumed directly in the Megaton Energy Park for the production of green fuels.
“With the Megaton project and the development of one of the world’s largest energy parks in Western Jutland, we will once again put Denmark on the world map as a leader in the transition to 100% green power and the green fuels that are necessary to achieve the global climate goals towards 2050,” said Karsten Nielsen, CEO of GreenGo Energy. “We are pleased that the city council in Ringkøbing-Skjern municipality is just as ambitious on the green transition as GreenGo Energy.”