South Korea’s industry ministry said it had signed a Memorandum of Understanding with the Dutch Economic Affairs ministry to support the new plant order. KHNP signed a memorandum of understanding with the Netherlands’ Economic Affairs & Climate Policy Ministry on the feasibility study.

Some €5 billion ($5.22bn) has been released for the first steps but the cabinet has not said exactly how much the government will ultimately contribute.

To win the tender for Site VI the bidding parties have to include ecological measures in their concept, whereas Site VII requires investments and innovations which are beneficial for the Dutch Energy System.

The proposals include 5,170 MW of renewable projects, of which 4,132 MW are solar PV projects, 243 MW geothermal projects and 151 MW biomass projects.

The government has said it will grant a total of 5 billion euros in subsidies in 2021 for technologies that will help it achieve its climate goals.

In December 2020, the European Commission approved, under EU State aid rules, the €30bn SDE++ scheme.

Dutch Ministry of Economic Affairs and Climate has just commissioned a study that argues that atomic energy can be a serious option in addition to wind and solar energy.

Income attributable to Royal Dutch Shell plc shareholders was a loss of $18.1 billion for the second quarter 2020

Shell and Eneco are participating in the tender for Hollandse Kust (noord) through their joint venture CrossWind.

The Dutch government plans to reduce gas extraction from the Groningen gas field in 2020 from the expected 11.8 bcm to 10 bcm,