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August 11,2025

Dutch government cuts €400 million investment cost for Offshore Wind Project

The Dutch government reduced investment costs for the IJmuiden Ver Beta offshore wind park by €400 million after delays by state firms TenneT and Gasunie postponed key infrastructure to 2032. The project, developed by Vattenfall and CIP, faced declining profitability, prompting outgoing Minister Hermans to adjust financial terms.

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