Netherlands to Allow New Offshore Wind Investments

Posted by Joseph Keefe
Tuesday, March 27, 2018
The Dutch government on Tuesday said it will allow five new offshore wind turbine farms capable of producing 7 gigawatts (GW) of electricity in the 2024 to 2030 period.
The Netherlands is lagging other European countries in renewable energy investments and has launched a programme to speed up renewable energy projects, including tenders to build 4.5 GW of offshore wind farm capacity in the period up to 2023.
The Dutch government has capped the amount of gas that can be produced from its offshore Groningen field because of related earthquakes and wants to continue winding down output as part of its emissions-cutting plan
"Our industry will have a competitive advantage because of the availability of ever cheaper renewable energy," the government said in a statement, adding that the move would also help related industries, including transport, storage and conversion to other forms of energy such as hydrogen gas.
The government said the projects would bring in up to 20 billion euros ($24.9 billion) worth of investment and create 10,000 jobs.
Once completed, the Netherlands will have 11.5 GW of offshore wind capacity, enough to meet 40 percent of the country's electricity needs, the government said.
The news follows the announcement last week that Sweden's Vattenfall had won a contract to build a 700 megawatt wind farm off the Dutch coast without receiving any subsidy.

The government laid out three locations for the five farms, above the northern island of Schiermonnikoog, and off the western coast by Petten and Ijmuiden.

Reporting by Toby Sterling 

Categories: Energy Environmental Finance Government Update Renewable Energy Wind Power

Related Stories

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

China Rolls Out 17MW Floating Wind Turbine Prototype

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com