COPENHAGEN (Reuters) – Denmark on Wednesday proposed a more than tripling of its offshore wind capacity by building two energy islands linked to new wind farms in the Baltic and North seas to help to meet climate change targets.

FILE PHOTO: Middelgrunden offshore wind farm is pictured outside Copenhagen, Denmark November 27, 2019. REUTERS/Andreas Mortensen/File Photo

The energy islands are an important part of the Social Democratic government’s climate action plan which was presented on Wednesday but still needs to be ratified in parliament.

Climate and Energy Minister Dan Jorgensen said the cost would amount to a three-digit billion crowns figure (100 billion crowns equals $14.7 billion). He also said the vast majority would be financed by private investors with no or little state subsidies.

“The

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