Headlines
Dutch earmark 1 billion euros for offshore wind farm subsidies
Published by Global Banking and Finance Review
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
The Dutch government plans to allocate €1 billion for offshore wind farm subsidies, aiming to add 2 GW of capacity by 2032.
AMSTERDAM (Reuters) -The Dutch government will grant around 1 billion euros ($1.18 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of 2 gigawatt (GW), it said on Tuesday.
Tenders for the wind farms had been put on hold in May, as prospective builders had said they saw no viable business case without subsidies.
The Netherlands last year already 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 and supply chain difficulties.
($1 = 0.8450 euros)
(Reporting by Bart Meijer)
Offshore wind energy refers to the use of wind turbines located in bodies of water to generate electricity. It is a renewable energy source that harnesses wind power away from land.
A wind farm is a collection of wind turbines in a specific area used to generate electricity. They can be located on land or offshore and contribute to renewable energy production.
Renewable energy is energy derived from natural sources that are replenished at a faster rate than they are consumed. Examples include solar, wind, hydro, and geothermal energy.
A gigawatt is a unit of power equal to one billion watts. It is commonly used to measure the output of large power plants or the capacity of energy generation.
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