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

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production Closes $1B Investment to Drive Further Growth

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

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