Netherlands to provide subsidy for offshore wind projects
The Dutch government will allocate about €1 billion ($1.18 billion) in subsidies to support the development of offshore wind farms with a total planned capacity of 2 gigawatts (GW). The decision follows a pause in tenders announced in May, after developers raised concerns about the financial viability of projects without government support, according to Reuters. In 2023, the Netherlands extended its target for offshore wind expansion, aiming to grow capacity from 4.7 GW to 21…