The Europe’s largest offshore wind farm will be built at a cost of 2.7 billion euros less than the Dutch government initially planned. This reduction of cost represents a major breakthrough in the transition to more sustainable energy. Moreover the 700 MW wind farm will generate 22.5% more electricity than anticipated
Henk Kamp, Economic Affairs minister, states “it is the first time that an offshore wind farm can be built at such low cost. This reduction of cost represents a major breakthrough in the transition to more sustainable energy.”
One million households will receive electricity from the location, the first of five massive wind farms planned near the Netherlands coast. Construction of the 700-megawatt project at the Borssele site, 22 kilometers off Zeeland’s North Sea shoreline, was awarded to Danish firm DONG Energy and it should be completed in roughly four years. The Borssele location is twice as large as the average European offshore wind farm, and produces more energy than the 630 MW London Array, currently the largest in Europe.
New jobs. Offshore wind farm construction and operation should create ten thousand jobs in the Netherlands.
2.3 billion euros saved, over 15 years. Of the 38 bids, Dong energy came in with the lowest amount of subsidy needed in terms of price per kilowatt hour (kWh). Companies wanting the project could bid with a maximum price of 12.4 cents per kWh. The Danish firm won out with a bid of 7.27 cents. This should provide cost savings of 2.3 billion euros over 15 years.