Denmark wants $ 5.8 billion in trade with Turkey through green energy

Denmark and Turkey have set major goals for economic development and cooperation to reach 5 billion euros ($ 5.8 billion) in bilateral trade, and green energy is one of the hottest sectors to achieve this, said the Danish ambassador in Ankara.

In an exclusive interview with Anadulu Agency, Danish Ambassador to Turkey Danny Annan said bilateral trade will focus on green energy, energy efficiency technologies, pharmaceuticals, textiles, district heating, cooling and wastewater treatment.

He said the green energy sector has really grown in recent years and has created four times faster jobs in the private sector in Denmark than in the private sector.

Despite its small size, Denmark can be called a “superpower” in wind power and other renewable energy technologies, he said, adding that many Danish companies in the green sector are eager to invest in Turkey.

Turkey ranked fifth in Europe in terms of renewable energy last year and will grow by 22.2 GW by 2025, reaching 66.8 GW, according to the International Energy Agency (IAA) Renewal 2020 report.

The country is one of the top five in Europe for wind turbines.

A.D. Since the onset of the COVID-19 epidemic in early 2020, the sharp decline in global energy demand and investment has caused more disruption than any other event in recent history, Annan said.

He said the goal was to increase trade between Denmark and Turkey from 2 billion euros to 5 billion euros, but the epidemic reduced the risk to Turkey by 12.5% ​​and reduced Turkish exports to Denmark. 2%.

He said further cooperation between Denmark and Turkey after the COVID-19 era would increase trade between 2 billion euros and 5 billion euros in recent years.

Forget about the epidemic, it’s past! He noted that between January and July of this year, Denmark’s exports to Turkey jumped by 40%, while Turkey’s exports to Denmark increased by 30%.

“We are moving forward, we are growing the business and it is moving very fast in Turkey,” he added.

Despite all the disruptions in the manufacturing sector at the time of the outbreak, Anna said more than 300 Danish companies, including Danish giants Denfos, DFDS, DSV and Aquaparin, have decided to keep the business open and on track.

According to Annan, Turkey has some advantages compared to other manufacturing powers around the world, such as its geographical proximity to Europe, its labor force and its favorable environment for trade, and its potential compared to other countries in the Far East. , Including China.

“Turkey is just one of the internal markets in Europe and we have all the logistical problems we are facing now due to the global epidemic.”

It is not a beach for China, but it could be a safe and strong alternative to the Turkish coast.

Danish Special Energy Island Projects

According to the Danish Energy Agency, the world’s first power islands will be built in Denmark, one in the North Sea and one in the Baltic Sea.

The energy islands serve as centers of energy that can create better connections between wind energy and the energy system around the two seas.

The plan calls for the establishment of an artificial island in the North Sea, which will provide 3 GW of power to 3 GW of coastal wind farms and a long-term expansion capacity of 10 GW.

The energy island of the Baltic Sea will be Borholum, where the electrical equipment on the island will serve as a hub for 2 GW power off the coast.

The removal of fossil fuels in Denmark and Europe is expected to play a key role in the development of offshore islands.

Anna shared some statistical facts about the country’s unique artificial islands project, which will be completed by 2030.

He said the project aims to create a strong coastal wind power supply to the country and that the country’s ambition is to significantly expand the coastal wind capacity associated with these islands. To manage 5 million households in the country.

In addition to generating electricity, the country is also focusing on green energy storage technologies.

Hydrogen may be one of the alternatives, he said. He said that in many European countries, the future of electricity storage would be greater.

Anna also said that Copenhagen aims to become the first carbon neutral capital by 2025.

Today, 70% of electricity comes from renewable energy, mainly wind. Some days the wind produces more than 100% of the electricity consumed in Denmark.

He also said that due to environmental concerns, countries are looking for clean and sustainable energy solutions to meet their needs. Enhance Turkey-Denmark trade relations.

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