Non-subsidised windfarm development first

Vattenfall has an investment plan of more than SEK 20 billion for renewable energy in 2017-2018 Vattenfall has an investment plan of more than SEK 20 billion for renewable energy in 2017-2018
Industry Database

Vattenfall is participating in the procurement to build a new offshore windfarm in The Netherlands which it says is the first non-subsidised project in the world.

Hollandse Kust Zuid is an important milestone for the company which wants to become fossil free within one generation.

"We have a strong position in the Dutch market and want to take a leading role in the transformation of energy production,” said Gunnar Groebler, CEO of Vattenfall Wind.

"We have been careful to ensure that our plan for the project is well-developed and that we are equipped to handle all risks. Our proposal corresponds exactly to the Dutch Government's needs. The fact that the Dutch state accounts for the costs of substations and network connections is a contributing factor to our decision to participate.”

Looking ahead

Mr Groebler added that as a result of close cooperation with its suppliers, Vattenfall has made great progress in reducing the cost of offshore wind power in recent years. This will allow the company to continue building and operating wind power without any contribution.

In 2016, Vattenfall won the Danish offshore projects Vesterhav Syd & Nord and Kriegers Flak with record low bids. The construction of these projects, which will be completed by 2020 and 2022, is ongoing and recently Vattenfall placed a record order at Siemens Gamesa on the turbines for the three windfarms.

In the Netherlands, Vattenfall has recently signed an agreement to deliver renewable electricity from the Wieringermeer windfarm to Microsoft.

Vattenfall has an investment plan of more than SEK 20 billion for renewable energy in 2017-2018.

By Anne-Marie Causer

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