Key View 12 May 2022 Netherlands
Renewables Headline Forecasts (
|Generation, Non-Hydropower Renewables, TWh||24.932||27.552||30.997||35.369||40.725||47.341|
|Generation, Non-Hydropower Renewables, % y-o-y||9.6||10.5||12.5||14.1||15.1||16.2|
|Capacity, Non-Hydroelectric Renewables, MW||15,749.6||16,882.4||18,178.8||18,918.0||19,656.9||20,416.6|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||10.7||7.2||7.7||4.1||3.9||3.9|
Key Forecast And Latest Updates
- Total non-hydropower renewables generation is forecast to increase by over 10% in 2022 to reach 27.6TWh. Wind power will account for just over 58% of renewables output, according to our forecasts, followed by solar power on 25% with a small biomass segment accounting for the remainder.
March 2022, the Netherlandsset out the 2022 budget for the SDE++ programme which supports the development of large-scale renewables projects. A total of EUR13bn( USD14.3bn) has been allocated for the next round of SDE++ which launches in June 2022. For the first time, green hydrogen developments have been added to the list of eligible projects.
April 2022, a consortium of Equinor, RWE, Shelland Gasunie, announced it was partnering with Eneco and OCI for the construction of the NortH2 green hydrogen production facility in the Eemshaven area. Under the deal, Eneco will be the investment partner, while OCI intends to develop the first integrated green ammonia and methanol value chains for the facility. The facility would feature around 4GW of electrolysers and similar offshore wind capacity by 2030. It is expected to produce 1mn tonnes of green hydrogen per annum by 2040, according to a press release from Eneco.
- Offshore wind is expected to lead development in the renewables sector. The government has selected three new areas and has confirmed two previously designated areas in the
North Seafor the development of offshore wind projects with a combined capacity of 10.7GW. The three new wind energy areas include: Nederwiek, Lagelander, Doordewind. The other two reconfirmed areas include - the northern part of IJmuiden Ver and the southern part of Hollandse Kust (west).
- SSE Renewables has formed a 50-50 strategic partnership with Brookfield to submit bids in a tender for the 1.4GW Hollandse Kust (west) offshore wind complex, which includes the construction of two 700MW offshore wind facilities within the Hollandse Kust (west) Zone located off the Dutch coast.
Sweden-based Vattenfalland Germany-based BASFhave also partnered to submit a joint bid for the project, which is due to generate its first power in 2026.
12 May 2022 Netherlands
12 May 2022 Netherlands