The island, which will include a harbor and a landing strip for aircraft, is proposed to be six square kilometers in size and be located on Dogger Bank, a large sandbank in a shallow area about 100 km off the east coast of the UK.
The power transmission companies are expected to sign a contract on March 23 to enter a mutual feasibility study of the project.
Wind farms in countries around the North Sea would then be connected to the island power hub, allowing the distribution of energy to consumers across the region.
Danish energy company ‘Energinet.dk’ said in a statement on its website that the aim of the project was to make wind power cheaper.
“Maybe it sounds a bit crazy and science fiction-like, but an island on Dogger Bank could make the wind power of the future a lot cheaper and more effective,” said technical director of ‘Energinet.dk’, Torben Glar Nielsen.
According to the company, the power island will allow the establishment of a hub that would collect 30 gigawatts (GW) of power.