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May 8, 2020

Eneco, Shell partner to bid for Hollandse Kust Noord offshore wind farm

Dutch electricity company Eneco and Shell Nederland have partnered to bid for the 700MW tender for the Hollandse Kust Noord offshore wind farm.

Dutch electricity company Eneco and Shell Nederland have partnered to bid for the 700MW tender for the Hollandse Kust Noord offshore wind farm.

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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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The partners are participating in the tender through their joint venture company CrossWind.

To be developed in Dutch waters, Noord will have an estimated installed capacity of 759MW, if constructed.

It is expected to generate nearly 3.3TWh of clean energy annually and will meet the electricity demand of more than one million Dutch homes.

Eneco chief strategic growth officer Kees-Jan Rameau said: “With CrossWind, we want to work towards the realisation of the first offshore wind farm with innovations with regards to system integration.

“In addition to the energy the wind farm can generate, the park offers many opportunities to (further) develop innovative techniques that can be of added value in accelerating the energy transition.

“By combining the knowledge and expertise of Shell and Eneco, we can make full use of this potential. Moreover, this wind farm contributes to Eneco’s ambition to help every household and company in the Netherlands to switch to a sustainable and clean energy supply.”

Both Shell and Eneco have issued guarantees to CrossWind for the project’s construction and operation related investments.

CrossWind is planning to bring the wind power facility online by 2023.

The wind facility is expected to supply clean energy to Shell’s 200MW hydrogen plant, which it is planning to build in the Tweede Maasvlakte industrial zone in the port of Rotterdam. The final investment decision is yet to be taken for the hydrogen plant.

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Free Report
img

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.
by GlobalData
Enter your details here to receive your free Report.

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