WindEurope Hails Zero-Subsidy Decision

Wind Industry Profile of

The Dutch Government has awarded Vattenfall in a tender to develop the twin Hollandse Kust Zuid offshore wind farms. The two 350 MW wind farms, to be built by 2022, will be the world’s first to be built without public subsidy.

The costs of offshore wind in Europe have been falling dramatically in recent years as manufacturers bring ever larger turbines to the market. Going zero-subsidy means the wind farms will sell their electricity on the wholesale power market instead of relying on a revenue stabilisation scheme (e.g. a Contract for Difference) that locks in a fixed revenue. The news follows the zero-subsidy offshore wind tender in Germany last year that was a landmark for the industry. The German offshore tender was the first to attract zero subsidy winning bids.... ... More: Official Press Release WindEurope

Keywords:

WindEurope, Vattenfall, offshore, Netherlands, susidy, wind energy