Dutch Government to Grant $1.18b in Subsidies for Offshore Wind Farms
The Dutch government will grant around 1 billion euros ($1.18 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of 2 gigawatt (GW), it said on Tuesday.Tenders for the wind farms had been put on hold in May, as prospective builders had said they saw no viable business case without subsidies.The Netherlands last year already pushed back plans to increase offshore wind capacity from 4.7 GW to 21 GW to the end of 2032 instead of 2030, citing costs and supply chain difficulties.($1 = 0.8450 euros)(Reuters)
SOS (Save our Shipbuilding): Germany’s VSM Calls for Reduction of Dependence on China
As the geopolitical landscape continues to quickly transform with the Russia/Ukraine war, Europe's over-dependence on Russian energy has become painfully apparent. VSM – the German Shipbuilding and Ocean Industries Association that represents the political and commercial interests of the German maritime over a diversity of maritime market segments – issued the following statement and overview of the global shipbuilding market, highlighting how highly subsidized shipbuilding markets…
