Sustainability, Strategy and Best Practices

Offshore wind business feasibility in a flexible and electrified Dutch energy market by 2030

November 15, 2022

Offshore wind business feasibility
Offshore wind is the primary supplier of CO2-free electricity moving towards decarbonising the Dutch power system. The installed capacity aims to increase sevenfold to 21.5 GW by 2030. However, the current market trends of increasing renewable capacity, industrial electrification, gas and CO2 prices, the expansion of interconnection, and the need for grid reinforcements are making the power market more volatile. These trends, together with the phasing out of subsidies, result in increasing the risks for offshore wind business.

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Total

Give your best to better energy and make the commitment with Total. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 100,000 employees : to make energy better each and every day.

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