The Government of Greenland will invite investors to bid in 2023-24 for two hydropower projects, located on the Southwest coast of Greenland between Kangerlussuaq and Nuuk. This according to the US Departement of State.

U.S. Ambassador to the Kingdom of Denmark Alan Leventhal and Greenlandic Minister for Agriculture, Self-Sufficiency, Energy and Environment Kalistat Lund, will meet Wednesday to explore an opportunity to partner in the development of Greenland’s hydropower sector and establish a commercial off-take industry.

Investment potential in the project is estimated at US$3-4 billion for plant construction, transmission lines, and commercial offtake.

The Greenlandic government anticipates a combined installed capacity of 750-800MW, with a firm energy output of 9,500-10,000GWh/a for the two projects, increasing over time due to increased meltwater.

Greenland is looking to engage with potential U.S. investors and other service and technology providers from the energy sector, offtake industries such as green hydrogen or ammonia production or processing of minerals, and/or investment funds.

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