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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 16, 2025

    Featured image for article about Headlines

    AMSTERDAM (Reuters) - The Netherlands will postpone tenders for two offshore wind farms with a total capacity of 2 gigawatts (GW) due to a lack of interest from potential bidders, the Dutch government said on Friday.

    The tenders had originally been planned for September. The government said it would now only open a tender for one location in the North Sea with a capacity of 1 GW then.

    The Dutch Climate ministry said in March that interest for the three sites it wanted to tender was very low, after energy firms Eneco and Orsted had said they saw no viable business case without subsidies.

    The government said it was still looking into ways to reintroduce subsidies in its tenders for offshore wind farms, as prospective bidders are backing out of the current "zero subsidy" model.

    Climate minister Sophie Hermans said detailed plans for the future tenders would be presented by the third quarter, after having missed her earlier announced mid-April deadline.

    The Netherlands last year pushed back plans to increase offshore wind capacity from 4.7 GW to 21 GW to the end of 2032 instead of 2030, citing costs, supply chain difficulties and "challenges in timely decision-making".

    (Reporting by Bart Meijer; Editing by Kirsten Donovan)

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