Dutch Government to Grant $1.18b in Subsidies for Offshore Wind Farms

Published

© Adobe Stock/Nigel
© Adobe Stock/Nigel

The Dutch government will grant around 1 billion euros ($1.18 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of 2 gigawatt (GW), it said on Tuesday.

Tenders for the wind farms had been put on hold in May, as prospective builders had said they saw no viable business case without subsidies.

The Netherlands last year already pushed back plans to increase offshore wind capacity from 4.7 GW to 21 GW to the end of 2032 instead of 2030, citing costs and supply chain difficulties.

($1 = 0.8450 euros)

(Reuters)

Current News

Turkey Launches Deep Sea Drilling Mission in Somalia

Turkey Launches Deep Sea Drill

OMV Nominates BP Executive Emma Delaney as Next CEO

OMV Nominates BP Executive Emm

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

Petrobras Buys Back Petronas S

OneSubsea to Supply Production Boosting System for Shenandoah Field

OneSubsea to Supply Production

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine