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Dutch waters calm before the storm

The Netherlands has entered a construction-calm period following the delivery of the 2.3GW Hollandse Kust Noord and Zuid offshore wind farms over the past year. With 4.7GW installed by the end of 2023, the country surpassed its 10-year target of 4.5GW set in 2013. Next off the production line will be the Ecowende project. A consortium of Shell, Eneco and Japan’s Chubu – which entered the partnership in February – is expected to start building the 760MW Hollandse Kust West 6 site in September 2025, with completion scheduled towards the end of 2026.

TSO mulls compensation for TTF balancing price crash

Dutch gas TSO Gasunie is discussing how it can compensate gas traders affected by an IT issue which caused TTF balancing prices to trade below EUR -1,000/MWh late on Tuesday, a spokeswoman said. A technical issue resulted in faulty allocation data being submitted into the TTF balancing market, she said on Wednesday. This caused the TTF balancing price for delivery between 18:00 and 19:00 CET to fall as low as EUR -1,175/MWh.
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