Wind Energy – Belgium
The European Commission has approved Belgium’s state aid mechanism, paving the way for the auction of the first 700 MW wind farm in the Princess Elisabeth Zone.
This auction, planned to be launched on October 28, marks a crucial step in Belgium’s journey towards energy independence and climate neutrality. By 2030, thanks to the new Princess Elisabeth Zone, North Sea wind farms will generate enough electricity to power every Belgian household.
Belgium is set to triple its offshore wind capacity, paving the way for 100% green electricity from the North Sea for every household by 2030.
The process will start on 28 October 2024 with an auction for the first 700 MW wind farm, which is expected to be operational by the end of 2028. This auction has now been approved by the European Commission.
For the first time, citizen participation will be a mandatory criterion, ensuring that Belgians benefit directly from the transition through investment returns via renewable energy communities.
In addition, a maximum strike price cap of €95 per MWh will be enforced to ensure that the cost to society is as low as possible. Projects above this threshold won’t be considered.
The development of the Princess Elisabeth Zone will further cement Belgium’s leadership in renewable energy. Not only will it generate enough green electricity to power all Belgian households but it will also help reduce CO2 emissions by 8.6 million tons per year.
Tinne Van der Straeten: “Locally produced, affordable renewable energy is not only the future of our energy model – it is the strongest shield against extreme price volatility and a vital weapon in the fight against climate change. With this European Commission’s approval, Belgium is set to make a significant leap in its energy transition, promoting a more sustainable and inclusive energy future.”
