Denmark's energy islands are an important part of climate action plan

Denmark covered 41% of its electricity demand from wind energy in 2018, the highest level in Europe.

"I can confirm the Pioneering Spirit is currently installing the pipeline in Danish waters," the Allseas spokesman said.

The timeline for work to lay the section of pipeline in Danish waters will be key to when Nord Stream 2 is able to begin flowing gas, with wider implications for the European gas market -- including whether Russia's Gazprom agrees a new transit deal with Ukraine's Naftogaz.

The funds will invest 350 billion Danish crowns ($52 billion) in energy infrastructure, green stocks and bonds and energy efficient construction up to 2030, Danish pensions industry association Insurance and Pension Denmark said in a statement.

Nord Stream 2 is already waiting for the DEA to decide on permit applications for two different routes, and claims the request for a third route option is illegal.

Gazprom would be able to honor its minimum contractual commitments to EU customers without Nord Stream 2 or Ukrainian gas transit from January 1, 2020

The Danish Energy Agency has asked the Gazprom-owned developer of the planned 55 Bcm/year Nord Stream 2 gas pipeline from Russia to Germany to consider a third route option, a spokesman for the agency said

Denmark cuts 5-year view for oil and gas production