Denmark’s Port Esbjerg has received a EUR115 million (USD125.7 million) loan from the European Investment Bank (EIB) as it looks to grow and develop its facilities.
The port has ambitious projects in the pipeline and it expects to be involved in shipping cargoes for some 13.5 GW of offshore wind power by 2030.
“We are one of the world’s largest ports for offshore wind turbines, and our workload is increasing. Thus, it is essential to develop the port to meet the demands of the coming years,” said the port’s director, Dennis Jul Pedersen.
Ongoing projects at the port include reinforcing quay edges, preparing for next-generation installation vessels, and expanding ro-ro terminals as part of the trans-European transport network. Works are expected to be completed by 2025. With these enhancements, Port Esbjerg will meet NATO requirements by establishing necessary reception facilities for allied ships and forces.
Ioannis Tsakiris, vice president of the EIB, added: “This investment in Port Esbjerg is crucial for enhancing Europe’s energy security and sustainability while boosting our collective defence capabilities.”
The project is expected to start in October 2024. Port Esbjerg has catered for 59 offshore wind projects, as well as being the location for the shipment of modular goods.
