An artificial island will be created that could provide renewable energy to up to 80 million homes.
The North Sea Wind Power Hub, being is planned by TenneT and is due for completion in 2027.
The project will have the capability to support wind power generating turbines to a capacity of 100GW.
Furthermore, the hub will have the capability to supply the generated power to the UK, Netherlands, Belgium, Germany, Norway and Denmark through a network of cables or converted into hydrogen gas and transported to current infrastructure.
The 2.3 square mile island will be located within a high wind zone in the North Sea and will feature its own power converting equipment, a harbour and an airport.
TenneT, the transmission system operator is likely to pay for the hub construction, currently set to be around £960 million.
Whereas any surrounding generation equipment will be provided by offshore wind developers.
Rob van der Hage, TenneT’s offshore wind grid developmental program manager, stated: “It is crucial for industry to continue with the cost reduction path.”
“The big challenge we are facing towards 2030 and 2050 is onshore wind is hampered by local opposition and nearshore is nearly full.”
“It’s logical we are looking at areas further offshore.”