How much will Belgium pay for the first 700 MW wind farm?

The European Commission has approved the Belgian support mechanism of 682 million euros for the first 700 MW wind farm in the Princess Elisabeth Zone, in the North Sea off the Belgian coast. This paves the way for the auction of the wind farm, which should be launched on 28 October.

Why does Belgium invest in offshore wind?

The Belgian government’s commitment to offshore wind growth is driven by multiple benefits: Economic Growth: Offshore wind is crucial due to Belgium’s seaboard, aiding the expansion of the renewable energy sector. Accelerated Investment: Boosts investment in renewable offshore wind projects.

Will Belgium support the first offshore windfarm in the North Sea?

"Today, we approved this €682 million measure enabling Belgium to support the construction and operation of the first offshore windfarm in the Princess Elisabeth Zone in the North Sea. It will help Belgium reduce its dependence on Russian fossil fuels. At the same time, it ensures that any potential competition distortions are kept to the minimum."

Is offshore wind energy a key component of Belgium's energy strategy?

Offshore wind energy: Offshore wind energy is highlighted as a key component of Belgium's energy strategy.

What is the first subsidy-free wind farm in Belgium?

The first subsidy-free wind farm in Belgium is operational! On June 14th, Flemish Minister Matthias Diependaele put into operation the new Storm wind farm on the ArcelorMittal Belgium site in the Port of Ghent. He did so in the presence of a considerable number of co-operators, employees and sympathizers of Storm and ArcelorMittal Belgium.

Does Belgium need wind power?

The EU aims to have 42.5% of its energy generated from renewable technologies by 2030, with wind power set to significantly contribute to this target. Belgium currently lags behind in wind generation compared with some of its European counterparts.