Windpark Vermeer, Netherlands

Windpark Vermeer is an 86MW onshore wind power project. It is located in Groningen, Netherlands. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in April 2021.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	86	86	–	Active	Groningen, Netherlands	Eurus Energy Holdings; Yard Energy Group

Description

The project is developed by Eurus Energy Holdings and Yard Energy Group. These companies also have ownership stakes in the project.

The project cost is $160.175m.

Development Status

The project is currently active. The project got commissioned in April 2021.

Power Purchase Agreement

The power generated from the project is sold to Eneco Holding under a power purchase agreement with a contracted capacity is 86MW.

Contractors Involved

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The company provided 20 units of SWT-DD-130 turbines, each with 4.3MW nameplate capacity.

About Eurus Energy Holdings

Eurus Energy Holdings Corp (Eurus Energy), a subsidiary of Toyota Tsusho Corporation, is a renewable energy company that generates power through various renewable sources such as wind and solar photovoltaic. The company’s services include location survey, wind or sunlight study, basic design, consultations for transmission of electricity, approval procedures, design, construction of wind farms, construction of solar power plants, operation and maintenance, repairs and servicing. It works with communities for developing optimal solutions and expanding renewable energy technologies. The company also operates through power generation facilities in the America, Europe, Asia, and Africa. Eurus Energy is headquartered in Tokyo, Japan.

About Yard Energy Group

Yard Energy Group B.V. (Yard Energy) is a wind energy investment consulting firm. It offers consulting services related to the development, investment and management of wind energy and renewable energy projects. Some of the firm’s key services include project development, project management, investment, financing, and asset management services, among others. It also has partnerships in a portfolio of wind projects. Yard Energy is headquartered in Hoevelaken, the Netherlands.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.