The Dutch utility firm, Eneco, along with its accomplice Equinor, has pulled out of the offshore wind tender for the IJmuiden Ver wind zone within the Netherlands, saying that as a consequence of deteriorated market circumstances, the present (Dutch) method to offshore wind shouldn’t be future-proof.
The circumstances that Eneco mentions in its five-page white paper embody high-interest charges, excessive materials prices, and an unsure electrical energy market.
Eneco deliberate to bid for the Dutch tender to construct a brand new 4 GW offshore wind farm unfold over two websites, IJmuiden Ver Alpha and Beta, along with Norway’s Equinor.
The tender for the 2 websites, every of which may home roughly 2 GW of put in offshore wind capability, was launched in February 2024, with IJmuiden Ver Gamma, the third web site, anticipated to be put out to tender subsequent 12 months.
Eneco stated in a social media put up that it’s tough to calculate the enterprise case for an offshore wind farm because of the enhance in materials costs, and the a lot increased rates of interest mixed with the decrease electrical energy costs.
Now, the corporate requires a change in future offshore wind tenders. It means that the federal government ought to place much less emphasis on cash to realize the very best outcomes, which will be completed, for instance, by together with so-called Contracts for Distinction (CfD).
Builders bid on an electrical energy value at which they will construct the wind farm. If the value of electrical energy is increased they pay the distinction to the federal government, however the authorities will make up the distinction if the electrical energy value is decrease than the developer had bid for, stated Eneco.
Eneco additionally says that tenders for wind farms are too massive now and ought to be restricted to 1 GW to cut back threat.
Owned collectively by Mitsubishi Company and Chubu Electrical Energy, Eneco is at the moment concerned in 4 offshore wind farms within the Dutch North Sea and is creating a fifth.
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