Project Finance in Denmark

Carsted Rosenberg authors the Denmark chapter of ICLG Project Finance 2026

Carsted Rosenberg has written the Denmark chapter of the ICLG Project Finance Laws and Regulations 2026, the 15th edition of the guide, published on 6 May 2026. The chapter was authored by Dr Andreas Tamasauskas and Michael Carsted Rosenberg.

The guide covers project finance across 17 jurisdictions in a easily accessible question-and-answer format, edited by Milbank project finance partner John Dewar, and opens with a chapter on why the world needs more project bonds. Carsted Rosenberg contributed alongside other leading law firms including Milbank (United Kingdom and USA), Cyril Amarchand Mangaldas (India), Anderson Mori & Tomotsune (Japan) and Prager Dreifuss (Switzerland). The Denmark chapter works through the common legal issues that recur on Danish project financings: taking and perfecting security, enforcement, bankruptcy and restructuring, foreign investment screening, governing law, tax and arbitration.

A Market Shaped by the Energy Transition

Danish project finance remains centred on renewables, and offshore wind in particular, with energy transition projects now joining the pipeline. Commercial banks and pension funds are both active, though pension funds have grown more cautious on renewables following the recent restructuring of several Danish renewable energy companies. Those restructurings are a reminder that renewable projects carry risks that lenders and investors need to price and keep under review.

Significant recent financings in Denmark include the Thor offshore wind farm and the expansion of the Port of Esbjerg, both supported by the European Investment Bank, and the Kassø e-methanol facility, a European Energy and Mitsui joint venture building the world's largest commercial-scale green methanol plant in southern Denmark.

An Attractive Jurisdiction for Lenders and Sponsors

Denmark remains an investor-friendly jurisdiction, with a stable regulatory environment, no exchange controls and minimal political risk. The Denmark chapter sets out where the local detail nonetheless makes a difference and highlight in more detail a number of features of Danish law that shape how cross-border deals are structured and documented.

Consult the Project Finance Guide

The Denmark chapter can be read free at iclg.com, and the full guide, covering all 17 jurisdictions, is available here. while the Danish chapter is available here.

The Danish Chapter itself can be downloaded here as a Pdf:

Project Finance in Denmark.

Download • 5.61MB

Further Information

For more information on banking or capital markets transactions in Denmark, please contact Dr. Andreas Tamasauskas or Michael Carsted Rosenberg at Carsted Rosenberg.

Carsted Rosenberg advises clients on a range of financing transactions, including syndicated lending, acquisition finance and structured finance. The law firm's expertise in the Danish and German financial markets enables it to guide both lenders and borrowers through the complexities of loan documentation.

This briefing is intended to provide general information on banking and finance law in Denmark. It is not intended to provide definitive legal or tax advice. No legal, tax or business decisions should be based solely on its content. The briefing does not necessarily deal with every important topic and is not designed to provide legal or other advice. It shall not be used as a substitute for legal advice and none may be inferred. It is only intended for general information on matters of interest. While we endeavour to represent the information as accurately and correctly as possible, we cannot accept any responsibility for any errors or omissions.