Analysis of the Impacts of Investing in Renewable Energy in Denmark
Lolland, an island located in southern Denmark, is a showcase example of the regeneration of a remote and peripheral area through renewable energy technologies. Over the years, Lolland has developed many renewable energy projects that have contributed to the island’s economic recovery and social improvement. It aims to become a modern, sustainable society and an international role model for innovative holistic solutions to environment and energy challenges.
MI is supporting this objective through a collaboration with Denmark-based Baltic Sea Solutions (BASS), which is responsible for managing the Lolland Community Testing Facility (a concept for community involvement created by the municipality about a decade ago). This project was launched in April 2008, when BASS announced collaborations with MI, NASA and Google.
Since then, MI has developed a T21 model for Lolland to examine the impacts of mega projects in renewable energy on the local economy and environment. The model can be used to explore different scenarios about whether and how to develop and expand wind, hydrogen and biomass renewable energy projects. It also supports project design and evaluation by allowing for real time modifications of undefined cost/benefit parameters of projects, and supports exploration of the local consequences and synergies of implementing these projects.
The model is currently being used to support decision-making, with a view to incorporate it into educational projects and to develop further energy-related and economic scenarios.