Denmark supports China’s energy transition with new partnership agreement
Danish transmission system operator Energinet has co-signed a three-year framework cooperation agreement with the State Grid Corporation of China to support China’s renewable energy target of over 1,000GW by 2030.
The new framework agreement focuses on sharing experiences on the green energy transition and building capacity within the State Grid Corporation of China to integrate over 1,000GW of variable renewable energy by 2030.
Furthermore, the agreement aims to support China in its goal of reaching carbon-emission peaks before 2030 and becoming climate neutral by 2060.
One of the focus areas will be the development of the Chinese power market and ancillary services.
Energinet has extensive experience from energy system operation and power market liberalisation. The partnership will see them sharing experiences to contribute to a faster transition from fossil fuels to renewable energy.
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Thomas Egebo, CEO at Energinet, commented on the partnership in a statement, “With a new framework agreement between State Grid and Energinet, the close collaboration will continue, and I hope that our experiences and insights can deliver the decisive parts in reaching our common ambitions in accelerating the green transition.”
Stig Uffe Pedersen, Deputy Director General at The Danish Energy Agency, stated, “We appreciate the good and longstanding collaboration between Denmark and China, which started more than 15 years ago.
“Denmark has shown it is possible and cost effective to integrate large shares of variable renewable energy, while maintaining (…) security of supply. We are pleased that Energinet can assist State Grid Corporation of China on [their] green energy transition through its comprehensive technical experiences.”
China is the world’s largest energy consumer, accounting for approximately 28% of the world’s CO2-emissions and 50% of total coal consumption. This illustrates the country’s potential for accelerating the green transition.
Such figures also indicates the need for and potential in Sino-Danish cooperation for a collective acceleration of the green energy transition.
This news is the latest in what has been a bilateral governmental partnership between Denmark and China since 2006. The partnership is led by The Danish Energy Agency in close cooperation with the Danish Embassy in Beijing. It is funded by the official energy partnership between Denmark and China.
As a part of this governmental cooperation, Energinet has been supporting the State Grid Corporation of China since 2010. Their support has largely involved promoting the green transition by converting to cleaner ways of producing energy.
