The Dutch Government will grant around one billion euros ($1.2 billion) in subsidies next year for the construction of offshore wind farms with a total capacity of two gigawatts (GW), it said on Tuesday.
Tenders for the wind farms had been put on hold in May, as prospective builders, including Eneco and Orsted, had said they saw no viable business case without subsidies.
The government at that time said that it was still looking into ways to reintroduce subsidies in its tenders as a result of prospective bidders backing out.
Governments around the world are facing similar issues as the controversial and environmentally unfriendly industry becomes more and more expensive.
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, supply chain difficulties and "challenges in timely decision-making".
(Reporting by Bart Meijer; Editing by GV De Clercq)
