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POWER: Belgium Delays 3.5GW Princess Elisabeth Island Project by Three Years

POWER
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 Belgium’s Elia (ETB) has delayed the 3.5GW Princess Elisabeth Island project by around three years as the signing of high-voltage direct current (HVDC) contracts for the park was postponed due to soaring costs and market volatility, it said.

  • Elia was hoping to connect the wind farms to the onshore grid by 2030, with the delay pushing it back to around 2033.
  • The deadline to award the contract was set for mid-February 2025 and was imposed by the supplier.
  • The move is due to a significant cost increase in HVDC technology due to supply chain challenges and inflation.
  • The postponement provides the Belgian government with additional time to assess various options and implement necessary regulatory adjustments, Elia added.
  • Meanwhile, alternative designs are being explored, though they come with uncertainties related to policy and regulation.
  • However, the construction of Princess Elisabeth Island and the execution of alternating current (AC) contracts are moving forward as scheduled.
  • And at the same time, work on two offshore wind farms is progressing, already accounting for 60% of the new Princess Elisabeth wind zone.
  • The project will consist of a 700MW wind farm and two 1.4GW wind units.
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 Belgium’s Elia (ETB) has delayed the 3.5GW Princess Elisabeth Island project by around three years as the signing of high-voltage direct current (HVDC) contracts for the park was postponed due to soaring costs and market volatility, it said.

  • Elia was hoping to connect the wind farms to the onshore grid by 2030, with the delay pushing it back to around 2033.
  • The deadline to award the contract was set for mid-February 2025 and was imposed by the supplier.
  • The move is due to a significant cost increase in HVDC technology due to supply chain challenges and inflation.
  • The postponement provides the Belgian government with additional time to assess various options and implement necessary regulatory adjustments, Elia added.
  • Meanwhile, alternative designs are being explored, though they come with uncertainties related to policy and regulation.
  • However, the construction of Princess Elisabeth Island and the execution of alternating current (AC) contracts are moving forward as scheduled.
  • And at the same time, work on two offshore wind farms is progressing, already accounting for 60% of the new Princess Elisabeth wind zone.
  • The project will consist of a 700MW wind farm and two 1.4GW wind units.