The Dutch government has announced plans to allocate approximately €1bn ($1.18bn) in subsidies for the development of offshore wind farms with a combined capacity of 2GW.
This move comes after a temporary halt in the tenders for these wind farms in May due to concerns from builders regarding the viability of such projects without financial support, reported Reuters.
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Last year, the Netherlands delayed its goal to expand offshore wind capacity from 4.7GW to 21GW to the end of 2032, rather than 2030, due to increased costs and supply chain challenges.
The Dutch government granted licenses for the construction of a 4GW offshore wind farm along the western coastline of the country in June last year.
A pair of consortia had been chosen to advance these sustainable energy initiatives.
Furthermore, the Dutch Ministry of Climate and Green Growth revised the country’s offshore wind energy capacity targets this July, stepping back from the ambition of achieving 50GW by 2040 and raising questions about the feasibility of the 70GW target for 2050.
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By GlobalDataThe revisions were part of the North Sea Wind Energy Infrastructure Plan, which is based on recent market analyses and outlines the strategy for future offshore infrastructure decisions in the Dutch North Sea.
This move had signified a notable decrease in the nation’s renewable energy goals, which was seen to have implications for the stability of investments, self-sufficiency in energy, and the achievement of domestic and EU-wide environmental targets.
