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12 Jun 2024 | 08:23 UTC
Highlights
SSE, pension funds bag IJmuiden Ver Alpha
Vattenfall, CIP secure 2-GW Beta site
Includes hydrogen plant at Rotterdam
The Netherlands' biggest offshore wind tender to date has awarded permits for two 2-GW projects in the Ijmuiden Ver zone to two international consortia, the Dutch energy ministry said late June 11.
Zeevonk II, a joint venture of Swedish utility Vattenfall and Copenhagen Infrastructure Partners (CIP), is the winner of the Beta site with emphasis on system integration, including an electrolyzer plant at the Port of Rotterdam.
Noordzeker, a consortium of Dutch pension funds ABP and APG as well as UK utility SSE Renewables, is the winner of the permit for the Alpha site with emphasis on nature protection in the North Sea.
"Market conditions have become more complicated," said Energy and Climate Minister Rob Jetten in a statement praising the plans of the successful bidders to realize the projects without subsidies and with a financial bid for the permit.
The concessions are awarded with grid links to be supplied by Dutch grid operator Tennet. The wind farms are due online in 2029.
Zeevonk II made a financial offer of Eur20 million/year paid annually over the 40 years' licensing period. The developer will also build a hydrogen producing electrolyzer plant with 1 GW capacity at Maasvlakte in the Port of Rotterdam(opens in a new tab), where the grid link cable will make landfall, as well as a 50 MW floating solar plant in the North Sea.
Noordzeker bid over Eur1 million/year, also to be paid annually for the entire permit period of 40 years.
Its plans include turbine and wind farm designs to protect birds and measures that will reduce the disturbance of marine mammals during construction and operations. Noordzeker will also install artificial reefs at three quarters of the turbines.
The winners will also pay Eur20 million each for the costs of the environmental impact assessments and site studies.
Since 2018, all five Dutch offshore tenders for 750-MW projects were awarded without subsidies, but include the onshore grid connection.
Project | Capacity (MW) | Tender year | Winner | Price (Eur/MWh) | Start |
Borssele 1,2 | 750 | 2016 | Orsted | 72.7 | 2020 |
Borssele 3,4 | 750 | 2017 | Shell consortium | 54.5 | 2021 |
Hollandse Kust Zuid | 760 | 2018/19 | Vattenfall | 0 | 2023 |
Hollandse Kust Noord | 760 | 2021 | Shell ,Eneco | 0 | 2023 |
Hollandse Kust West 6 | 760 | 2022 | Shell, Eneco | 0 | 2026 |
Hollandse Kust West 7 | 760 | 2022 | RWE | 0 | 2026 |
Ijmuiden Ver Alpha | 2,000 | 2024 | SSE, ABP, APG | 0 (payment of Eur1 mil/year) | 2029 |
Ijmuiden Ver Beta | 2,000 | 2024 | Vattenfall, CIP | 0 (payment Eur20 mil/year) | 2029 |
Source: RVO, developers, S&P Global Commodity Insights
The 2024 tender keeps Dutch offshore wind capacity on track for at least 10 GW by 2030.
The next tender in third-quarter 2025 for another 4 GW at two 2-GW sites (IJmuiden Ver Gamma and Nederwiek(opens in a new tab) I), will also include financial bids, the ministry's statement said after the Netherlands Enterprise Agency (RVO) assessed applications together with independent expert committees.
In April, the ministry said that target dates for five Dutch offshore wind projects with a combined 10 GW have slipped by up to two years, pushing back a total 21-GW goal to 2032.
Tightness in the wind farm supply chain, especially offshore transmission links, was the main reason for the delay, according to the letter updating the 2030 offshore wind road map.
Platts, a unit of S&P Global Commodity Insights, assessed Dutch offshore wind capture price in a daily range of Eur1.73/MWh to Eur106.72/MWh since launching the assessment in March.
German offshore wind capture prices, a close proxy to Dutch prices, averaged Eur86.28/MWh in 2023, down 71% from a record 2022, according to the Platts Renewable Energy Price Explorer.
Dutch power for 2030 delivery settled June 10 at Eur65.36/MWh, EEX data showed.
Meanwhile, the production cost for electrolytic hydrogen in Europe (Netherlands alkaline electrolysis including capex) averaged $4.39/kg in April, according to the Platts Hydrogen Price Wall from Commodity Insights.