Great news for the people of the Netherlands, their Government just learned that the planned subsidy for a second Windfarm is going to be considerably less than the original forecasts.
The proposed project, 22Km off the Zeeuwse coast will deliver power to between 850k and 1 Million households and instead of the subsidy being €5 Billion, it will now be €3 Million.
Dutch economic affairs Minister, Henk Kamp, stated that the park would be built by a consortium comprising Dutch Shell, Eneco, (Electricity supplier), Van Oord (Dredging specialists) and DGE, an offshoot of Mitsubishi.
This consortium agreed to the much lower subsidy level which is now set at a mere 5.45 Euro cents/Kwh. The deal has been struck in such a way that Government exposure is minimal, with the subsidy is only paid out on Kwh actually delivered
This project is the first of 5 farms proposed off the Netherlands coast, each with an output of 700 Megawatts capable of supplying 5 Million homes. The expectation is that after 7-8 years the parks will function subsidy free.
When the agreements to build were made in 2013 the government allowed for a total subsidy level of €18 Bn.
“It is now possible that 6 billion will be enough,” said Minister Kamp on Monday.
Great news for the environment, proof that Fossil fuel companies can take the lead in renewables, and of course, a welcome change from the British model where they insist on getting everything arse about face with projects coming in, overpriced, over budget, and way over their allotted timeframe.
Mrs. May could learn a thing or two methinks, especially bearing in mind that all this windfarm activity is taking place in exactly the same North Sea that laps on the shores of Britain
Meanwhile, the Netherlands government is planning from 2030 to build 5 more Windfarms, each capable of 1000Mw, as well as large Geothermal and Solar power developments which in total will supply 5,000,000 homes.
With this additional capability added to the existing developments, the Netherlands will be effectively fossil fuel free, and at this rate in a good position to export energy throughout the EU.
Original story from the Netherlands Volkskrant, See Link above for NL original