The investment aims to facilitate the transition away from fossil fuels in the industrial sector. It is envisioned that companies will play a significant role in driving this conversion by investing in sustainable alternatives. The Energy Agency prioritizes support for transitioning away from fossil fuels in industry, which is a key component of the investment concept. However, there may be instances where additional financial assistance is required before companies can fully implement these changes. Alongside financial support, technical assistance will often be necessary to ensure the successful transition away from fossil fuels in the industrial sector.
The TERMUN Investment Concept (IC) addresses the challenge posed by the long lifespans of fossil fuel solutions and changing market conditions. It focuses on developing local investments in district heating using termonet technology across three municipalities. The primary goal of the planned investments is to facilitate the transition from oil and gas to heat pumps in rural, urban, and suburban areas within all three municipalities. However, this transition has been progressing slowly, hindering the municipalities' climate action plans for 2023. A significant obstacle faced by the TERMUN IC is the extended lifespan of fossil-fueled heaters, such as gas boilers. Despite efforts, the installation of gas boilers has increased by 4% from 2011 to 2021, indicating the need for sustainable alternatives. The market dynamics have shifted significantly since the inception of the project, with dramatic developments in gas and electricity prices leading many households to prioritize energy conservation. Consequently, the Danish government, in collaboration with municipalities, initiated heat planning in 2022 to ensure that all households with gas boilers receive clear information by 2022 regarding the possibility of transitioning to district heating by 2030.
The objective of the investment is to facilitate the utilization of surplus heat generated at Hirtshals Port and to enable the expansion of the district heating distribution network to neighboring villages that have traditionally relied on fossil-based heating sources.
The project aims to establish a comprehensive support center, or "One-stop-shop," to assist municipalities in promoting energy efficiency investments in single-family houses. This center will provide a range of support services spanning from initial motivation to implementation of energy renovations. Services will include the development of communication materials targeted at homeowners, as well as pre-packaged meeting and event concepts that municipalities can readily implement. The involvement of various stakeholders, such as real estate businesses, financial institutions, and consulting organizations, will ensure homeowners receive comprehensive guidance on suitable energy renovation solutions. All activities will be informed by the latest knowledge on social practices surrounding energy renovations.
This project has formulated an investment concept for village-based photovoltaic systems in Nyborg Municipality. It combines contributions from local and institutional investors, allowing locals to own the photovoltaic installations and the generated electricity, fostering their support and participation. Institutional investors offer long-term financing for the residual, reducing the need for equity to 20% and receiving an attractive risk-adjusted yield in return. In Nyborg, 21 projects have been identified as potentially suitable for this concept, totaling EUR 23.6 million in investment, yielding 14,000 tons of annual CO2 savings, with a simple payback time of 16 years. Considering the extended lifespan of solar cells (+30 years), this concept offers a high likelihood of an attractive yield for both local and institutional investors.
The WeCARe Investment Concept aims to establish a comprehensive network of publicly accessible charging infrastructure in E6 municipalities, ensuring market operation on market terms. This includes guaranteeing geographical spread across the municipalities to ensure equitable coverage. Additionally, the concept focuses on providing user-friendly charging infrastructure with a high service level, tailored to meet the diverse needs of EV users. Furthermore, it emphasizes the importance of data collection by charging operators and ensuring municipal access to this data, enabling informed decision-making to further stimulate the local transition to EVs and the green transition overall.The WeCARe Investment Concept involves several municipalities, including Ringkøbing-Skjern Municipality in Vestjylland, Frederikshavn Municipality in Nordjylland, Horsens Municipality in Østjylland, Høje-Taastrup Municipality in Københavns omegn, Skive Municipality in Vestjylland, and Sønderborg Municipality in Sydjylland. The estimated investments include the installation of 764 charging points across these municipalities.
Samsø Municipality will convert the ferry Princess Isabella to Biogas/electric. Furthermore, Samsø Municipality will design and build either 1 or 2 new green ferries. At the same time, port conversions and adaptations to new tonnage types will be made, and shore power and tank facilities for Biogas will be established.