Greenland is the world’s largest energy island. It holds vast untapped renewable energy resources, including hydropower, wind energy, solar power, and in the future energy from waves and tides when the technology is developed.
The hydropower potential in the Tasersiaq area alone exceeds 7,000 GWh annually. When combined with other large-scale hydropower resources in West Greenland, the estimated power potential reaches 20,000 GWh.
These resources surpass Greenland's total energy demand, which means that Greenland has the opportunity to become a significant green energy exporter in the future.
In the global green transition, there is a particularly increasing focus on developing green value chains for the mineral sector. At NunaGreen, we seek to secure this value chain in our country so that we can provide affordable and reliable green energy to companies operating in this sector. In the future, we can do this with our hybrid energy plants that combine local green energy sources with back-up capacity from e-fuels.
In the future, this will make Greenland a strong partner for the mineral sector, not least for the rare earth minerals that are essential in the global green transition.
In 2024, we will begin the construction of the 55MW extension of the existing hydropower plant at Buksefjorden near Nuuk.
The project includes adding two new turbine generators within the new 16 km long transfer tunnel that will be constructed. The tunnel will connect two mountain lakes and enlarge the current water reservoir to a volume of 1,248 million m³ from the existing 352 million m³.
The project will expand the capacity of the hydropower plant from 45 MW to its full potential of 100 MW and will increase the yearly energy production from 255 GWh/a to an expected maximum capacity of 660 GWh/a. The project is expected to be finalised by the end of 2028.
In 2026, we will begin the construction of a new 22 MW hydropower plant and transmission lines in the Disko Bay area, south of Qasigiannguit.
The project includes constructing three turbine generators as well as connecting two natural mountain lakes in the area by a transfer tunnel of over 6 km in length. From the hydropower plant, a transmission line will run to a substation near Qasigiannguit, and another line will connect to a substation in Aasiaat. No dam will be built as a part of this project and a thorough environmental assessment of the Naternaq Ramsar site that the second transmission line runs through will be conducted to ensure minimal impact.
The hydropower plant will have a capacity of 22 MW and will provide electricity and heat to the households of Qasigiannguit and the nearby town of Aasiaat. The project is expected to be finalised by the end of 2029.