September 5, 2019 / 10:37 AM / 11 days ago

UPDATE 1-First of five Dutch offshore wind power substations completed

(Updates to add cost)

AMSTERDAM, Sept 5 (Reuters) - The Dutch government on Thursday said construction has been completed of the first large offshore “socket”, or substation, that will connect 700 MW of energy from wind turbines in the North Sea to the mainland.

The Borssele Alpha substation, which cost 400 million euros to build, is the first of five of the same model platforms which state-owned grid company TenneT IPO-TTH.AS plans to install by 2023 as part of efforts to meet Dutch renewable energy goals.

The Netherlands, which generated about 15% of its electricity needs from biomass, wind and solar sources in 2018, currently has 1 GW of installed offshore wind.

That total is expected to increase quickly from 2020 as 1.5 GW of new windpower comes on line off the coast near Borssele, equivalent to about 2.5% of national electricity use.

From 2022 the country expects to add roughly 1 GW of offshore wind capacity per year for a decade. (Reporting by Toby Sterling; editing by Jason Neely)

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