Netherlands Launches 'Zero-Subsidy' Offshore Wind Farm Tender -Reuters
December 15 2017 - 10:25AM
Dow Jones News
--The Netherlands launched the world's first "zero-subsidy"
tender for wind power Friday, in which only companies that don't
need any support will be allowed to participate, Reuters
reports.
--Companies have until Dec. 21 to hand in bids for two North Sea
slots, each representing a 350-megawatt project, though a Ministry
of Economic Affairs official acknowledged that because this type of
tender is unprecedented, it might not receive any bids at all,
Reuters says.
--According to Reuters, Sweden's Vattenfall called the auction
"big gamble," but on Friday said it will take part, while Dutch
peer Eneco said it is too soon for zero-subsidy bids, but didn't
rule out participating.
--Germany-based energy company EnBW is also eyeing the project,
but its bidding intentions are unclear, reports Reuters.
Full story: http://reut.rs/2CheoLF
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December 15, 2017 10:10 ET (15:10 GMT)
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