•  
  •  
  •  

Vattenfall not bidding in Dutch offshore wind auction due to coronavirus

The Thanet offshore wind farm. Source: Vattenfall

April 3 (Renewables Now) - Swedish utility Vattenfall AB is not taking part in the 700-MW tender for the Hollandse Kust Noord offshore wind zone in Dutch waters because of the coronavirus pandemic.

“In light of the current COVID-19 situation, we have carefully evaluated our risk-reward balance against the remainder of our strong pipeline and the rest of our ongoing projects. This evaluation has led to the decision that we will not at this moment participate in the tender for Hollandse Kust Noord,” the company said in a statement.

Vattenfall added that it needs to focus on core activities such as generating electricity and delivering existing projects.

The Swedish company was the one to win sites I and II of the Hollandse Kust Zuid zone in March 2018 and was awarded sites III and IV in July 2019. These wind farms will be built as part of a single zero-subsidy project with a combined capacity of 1.5 GW.

Meanwhile, the tender for the Hollandse Kust Noord zone was initiated on Thursday, April 2.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription