Money Talks: The new power in the North Sea

For decades, the North Sea’s fierce gales have created a challenge for those extracting the oil and gas buried beneath its swells. But the region’s poor weather is also the key to its future: offshore wind. And the plans are surprisingly ambitious.

On this week’s podcast, hosts Tom Lee-Devlin, Alice Fulwood and Mike Bird ask whether the North Sea can turn green. The Economist’s Matthieu Favas says wind farms in the North Sea could power Europe’s 200m homes. Jesper Frost Rasmussen, mayor of Esbjerg, explains how the offshore wind industry has changed life in the Danish port town. Ulrik Stridbæk of Orsted, the world’s largest offshore wind developer, says that some sites are already generating the same amount of power as a large nuclear power station. Plus, we speak to Thomas Dalsgaard about why his firm, Copenhagen Infrastructure Partners, wants to build a physical island 100 kilometres off the coast of Denmark. 

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