Construction of the Vattenfall CIP Dutch project's website has been pushed back to the year 2032, with the project set to be carried out in two stages.
Delay in IJmuiden Ver Beta Offshore Wind Farm Project
The IJmuiden Ver Beta offshore wind farm project, a joint venture between Vattenfall and Copenhagen Infrastructure Partners (CIP), has been delayed by three years and is now expected to be completed in 2032 instead of the original 2029 target[1][2][4]. The delay is primarily due to the postponement of the Delta Rhine Corridor (DRC) hydrogen pipeline, which is critical for the transport of green hydrogen produced by the wind farm[2][4].
To accommodate this delay, the project will be developed in two phases:
- The first 1GW phase is scheduled for completion by 2029,
- The second 1GW phase will follow and is now expected to be completed by 2032, aligning with the revised DRC schedule[2][3][4].
The DRC pipeline's delay from 2028 to 2032 impacts the transport of green hydrogen produced by the wind farm, which reduces the economic viability of completing the entire project by the original date[2][4]. As a result, the Dutch government has amended the project permit, relaxing several requirements (e.g., system integration and financial obligations) to prevent stalling or cancellation under the new timeline and allow a phased investment approach[2].
This phased approach offers greater flexibility amid uncertainties in market, infrastructure, and policy developments, ensuring coordinated roll-out of offshore wind, HVDC infrastructure, and green hydrogen production in the North Sea region[2].
In addition to the wind farm, the project also includes a 1 GW electrolyser plant and a 50 MW floating offshore solar farm[2]. The minimum required capacity of system integration measures, such as electrolysers, will be reduced to at least 500 MW[2].
The government expects little interest from other wind farm developers to build the project[2]. Hermans, who presented the North Sea Wind Energy Infrastructure Plan to Parliament, stated that the changes made were necessary for the project's realization[1]. The new plan and Climate and Energy Memorandum are planned to be released and signed in September[1].
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[1] https://www.offshorewind.biz/news/28924 [2] https://www.offshorewind.biz/news/28925 [3] https://www.offshorewind.biz/business-directory [4] https://www.offshorewind.biz/news/28926
- The delay in the IJmuiden Ver Beta Offshore Wind Farm Project, which was originally set for 2029, is impacting the transportation of renewable energy in the form of green hydrogen, as the critical Delta Rhine Corridor (DRC) hydrogen pipeline is set to be completed in 2032 instead.
- To align with the revised DRC schedule, the IJmuiden Ver Beta project is being developed in two phases: the first phase, which consists of 1GW, is scheduled for completion by 2029, and the second phase, also 1GW, is now expected to be completed by 2032.
- The finance sector should take note of the phased approach being adopted for the IJmuiden Ver Beta Offshore Wind Farm Project, as it offers increased flexibility amid uncertainties in the market, infrastructure, and policy developments, and could potentially serve as a model for other renewable-energy projects in the industry.
