The way towards a competitive bidding process for new offshore wind farms in Belgium

To meet the challenge of the nuclear phase-out scheduled for 2025 as well as ambitious climate change goals, the Belgian federal government has established a new legislative framework aimed at achieving an additional offshore wind energy capacity of at least 1.75 GW.

The amended “Electricity Law” introduced a competitive tender procedure for the construction and operation of offshore renewable sources. The current support mechanism, under which the installation benefits from a subsidy per MWh produced, remains applicable.

Several calls for tenders will be launched in Belgium in the next few years, providing opportunities for new investors.

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About Mathieu Raedts

Mathieu is a member of Dentons’ Brussels office. He is specialized in EU and Belgian energy law and has deep knowledge of public policies. He also focuses on Banking, Finance and Capital Markets, State Aid and Infrastructure.

About Nora Wouters

Nora Wouters developed a state of the art practice and advises on regulatory financial services, banking and insurance laws. She has extensive experience in commodities, clearing and settlement systems, payment institutions (including Fintech), derivatives (including weather derivatives), securities lending, public listing, debt and fund listings, securitization structures, and collective investment, hedge and pension funds.