Publish: 15:42, 29 Oct, 2024

World's first green energy island sails into cost storm

Online Desk
World's first green energy island sails into cost storm
Photo - Collected

At a shipyard on the North Sea, workers in luminescent vests are building dozens of massive, hollow concrete boulders, each the size of an apartment block.

These are to be floated out to sea and sunk to become the foundations of a giant Belgian green energy development -- a world first -- which is itself, however, in choppy waters amid surging costs.

Named after Belgium's Princess Elisabeth, the "energy island" was launched in 2021 to support a huge expansion in wind energy production that would drastically reduce the country's dependence on planet-warming fossil fuels.

But supply chain snags have made costs more than triple to more than seven billion euros ($7.56 billion), according to some estimates, sparking calls for construction to be stopped at a time of growing political pushback against ambitious green targets across Europe.

"This cost increase is a huge worry," Belgium's energy minister Tinne Van der Straeten told AFP.

Just over 10 percent of Belgium's energy supply comes from renewable sources, the government says.

Nuclear, gas and oil provide the bulk of its needs, according to the International Energy Agency.

But Belgium will have to lower its dependence on fossil fuels as a European Union target requires 42.5 percent of the bloc's energy to be renewable by 2030.

"That's why we need transformative projects, huge projects like this," said Van der Straeten, sporting a yellow construction helmet during a visit to the shipyard in Vlissingen, a Dutch port near the Belgian coast.

- 'Multiple sockets' -

Belgium plans to install 3.5 gigawatts of offshore wind capacity in coming years -- enough to cover 30 percent of the country's needs, according to the government.

Building an artificial island is what Belgian grid operator Elia believes is the most efficient way of bringing that energy to shore.

Located 45 kilometres (28 miles) off the coast, the island will host transformers and bundle together undersea cables to bring electricity to land.

It will also connect the Belgian grid with wind-power-producing North Sea neighbours, such as Britain and Denmark, allowing for a more stable energy supply.

The island is like "an extension cord with multiple sockets", said Joannes Laveyne, a researcher at Ghent University.

Proponents say placing it at sea avoids Nimbyism -- "not in my backyard" -- complaints from locals in a densely populated nation, and shortens international connections. Proximity to wind farms reduces energy losses.

The project won the blessing of environmental groups appeased by its green purpose and nature-friendly design. The island will have ledges for seabirds to breed and an artificial reef to boost marine life.

But Russia's invasion of Ukraine in 2022 threw a spanner in the works.

It triggered a European push to wean off Russian gas, which further accelerated the continent's rush to build more renewable plants.

The cost of related works and equipment has since skyrocketed, Elia said.

"In all countries people want to buy the same equipment, and supply can't meet demand," Frederic Dunon, CEO of Elia Transmission Belgium, told AFP.


- 'Throwing away the baby' -

From an initial 2.2 billion euros ($2.4 billion), the island's cost has soared to more than seven billion euros, according to an estimate cited in parliament last week that Elia would not confirm.

That is partly because the EU's green drive has not seen adequate investment in the capacity of firms tasked with building the infrastructure, said Laveyne.

As Elia can pass the cost onto consumers via their utility bills, some have called for a rethink.

A group representing industrial energy consumers said the project should be put on hold.

The controversy comes as far-right gains in several countries have resulted in growing calls for the EU to tame its climate ambitions.

EU chief Ursula von der Leyen has pledged to reconcile "climate protection with a prosperous economy" in her second term.

Van der Straeten said she would like to see the bloc make more money available for projects like the energy island -- which secured a 650-million-euro credit facility from the European Investment Bank last week.

Meanwhile, a cost-benefit assessment has started and the government was seeking additional financing, she added.

But environmentalists are worried that an incoming new government might have different ideas -- and delaying the project would keep the door open for dirtier energy.

Halting wind-power plans because of associated costs was like "throwing away the baby with the bathwater", said Almut Bonhage of environmental organisation Bond Beter Leefmilieu.

Bd-pratidin English/ Afia

More News
Trump team tries to project confidence after his tariff moves rattled markets
Trump team tries to project confidence after his tariff moves rattled markets
Yemeni forces shoot down 19th American drone
Yemeni forces shoot down 19th American drone
CBS and ’60 Minutes’ should ‘pay a big price’ for going after him: Trump
CBS and ’60 Minutes’ should ‘pay a big price’ for going after him: Trump
Teen killed parents as part of Trump assassination plot: FBI
Teen killed parents as part of Trump assassination plot: FBI
Algeria asks 12 French officials to leave in 48 hours
Algeria asks 12 French officials to leave in 48 hours
Zelensky urges Trump to visit Ukraine to see war devastation: CBS
Zelensky urges Trump to visit Ukraine to see war devastation: CBS
Turkiye’s FM slams US, EU over Israel support
Turkiye’s FM slams US, EU over Israel support
Prince Harry meets war victims in unannounced visit to Ukraine
Prince Harry meets war victims in unannounced visit to Ukraine
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
Approach to Cairo talks is ‘responsible and positive’: Hamas
Approach to Cairo talks is ‘responsible and positive’: Hamas
India begins biggest-ever joint naval exercises in Africa
India begins biggest-ever joint naval exercises in Africa
Russian missile attack on Ukraine’s City Center kills 32
Russian missile attack on Ukraine’s City Center kills 32
Latest News
58-day fishing ban in sea starts Tuesday
58-day fishing ban in sea starts Tuesday
6 minutes ago | National
Trump team tries to project confidence after his tariff moves rattled markets
Trump team tries to project confidence after his tariff moves rattled markets
10 minutes ago | International
We seek immediate action for justice and reforms: Nahid
We seek immediate action for justice and reforms: Nahid
21 minutes ago | National
Katy Perry set for space with all-women crew
Katy Perry set for space with all-women crew
23 minutes ago | Tech
World’s smallest PPG sensor head for smart devices unveiled
World’s smallest PPG sensor head for smart devices unveiled
46 minutes ago | Tech
‘BNP first gave outline for state reforms defying Hasina's regime’
‘BNP first gave outline for state reforms defying Hasina's regime’
1 hour ago | National
Yemeni forces shoot down 19th American drone
Yemeni forces shoot down 19th American drone
1 hour ago | International
CBS and ’60 Minutes’ should ‘pay a big price’ for going after him: Trump
CBS and ’60 Minutes’ should ‘pay a big price’ for going after him: Trump
1 hour ago | International
Nation's desire in Pohela Boishakh is to quickly restore voting rights: Rizvi
Nation's desire in Pohela Boishakh is to quickly restore voting rights: Rizvi
1 hour ago | National
European stocks jump over 2% after tech tariff exemptions
European stocks jump over 2% after tech tariff exemptions
1 hour ago | Business
Teen killed parents as part of Trump assassination plot: FBI
Teen killed parents as part of Trump assassination plot: FBI
1 hour ago | International
Prothom Alo must apologize to the nation: Jamaat Ameer
Prothom Alo must apologize to the nation: Jamaat Ameer
2 hours ago | National
UK govt races against time to keep steel furnaces running
UK govt races against time to keep steel furnaces running
2 hours ago | Business
Marma community celebrates Sangrai water festival in Khagrachhari
Marma community celebrates Sangrai water festival in Khagrachhari
2 hours ago | National
There is no evil in the country; anything that remains will be eradicated: Press Secretary
There is no evil in the country; anything that remains will be eradicated: Press Secretary
2 hours ago | National
Algeria asks 12 French officials to leave in 48 hours
Algeria asks 12 French officials to leave in 48 hours
3 hours ago | International
Beijing committed to working with Dhaka: Ambassador Yao
Beijing committed to working with Dhaka: Ambassador Yao
3 hours ago | National
ICC creates fund for displaced Afghan female players
ICC creates fund for displaced Afghan female players
3 hours ago | Sports
Derailment halts Khulna’s rail link with other parts of country
Derailment halts Khulna’s rail link with other parts of country
3 hours ago | National
Zelensky urges Trump to visit Ukraine to see war devastation: CBS
Zelensky urges Trump to visit Ukraine to see war devastation: CBS
4 hours ago | International
Anondo Shobhajatra free from political motive this year: Farooki
Anondo Shobhajatra free from political motive this year: Farooki
4 hours ago | National
Turkiye’s FM slams US, EU over Israel support
Turkiye’s FM slams US, EU over Israel support
4 hours ago | International
Weather Forecast: Rain likely, heat persists in several districts
Weather Forecast: Rain likely, heat persists in several districts
4 hours ago | National
China halts rare earth exports, disrupting global supply chains amid trade war
China halts rare earth exports, disrupting global supply chains amid trade war
4 hours ago | Business
Prince Harry meets war victims in unannounced visit to Ukraine
Prince Harry meets war victims in unannounced visit to Ukraine
4 hours ago | International
Misinformation spreads via fake profiles
Misinformation spreads via fake profiles
5 hours ago | Special
Umpires check Hetmyer, Salt's bats during RR vs RCB match – Here's what happened
Umpires check Hetmyer, Salt's bats during RR vs RCB match – Here's what happened
5 hours ago | Sports
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
5 hours ago | International
Actor-politician Vijay moves Supreme Court against Waqf Act
Actor-politician Vijay moves Supreme Court against Waqf Act
5 hours ago | Entertainment
Anondo Shobhajatra marks joyful celebration of culture
Anondo Shobhajatra marks joyful celebration of culture
6 hours ago | City
Most Read
Bengalis usher in New Year with music and hope at Ramna Batamul
Bengalis usher in New Year with music and hope at Ramna Batamul
9 hours ago | National
Gas prices for industries raised by 33%
Gas prices for industries raised by 33%
23 hours ago | Business
Anondo Shobhajatra marks joyful celebration of culture
Anondo Shobhajatra marks joyful celebration of culture
6 hours ago | City
Prince Harry meets war victims in unannounced visit to Ukraine
Prince Harry meets war victims in unannounced visit to Ukraine
4 hours ago | International
Islamic Foundation for offering Jumma prayers at a time across country
Islamic Foundation for offering Jumma prayers at a time across country
23 hours ago | National
Ritu steers Bangladesh to thrilling victory over Ireland
Ritu steers Bangladesh to thrilling victory over Ireland
8 hours ago | Sports
Messi and Miami denied in front of record Chicago crowd
Messi and Miami denied in front of record Chicago crowd
6 hours ago | Sports
Misinformation spreads via fake profiles
Misinformation spreads via fake profiles
5 hours ago | Special
Investors seek political stability for long-term investment
Investors seek political stability for long-term investment
7 hours ago | Business
Trump says chips from China will face national security probe; further tariffs expected
Trump says chips from China will face national security probe; further tariffs expected
6 hours ago | Business
EC pushes ahead with plans for Dec election
EC pushes ahead with plans for Dec election
7 hours ago | National
‘Fascist must not allow destroy nation’s culture’
‘Fascist must not allow destroy nation’s culture’
22 hours ago | National
'Pahela Baishakh a bright component in national identity'
'Pahela Baishakh a bright component in national identity'
20 hours ago | National
Nation's desire in Pohela Boishakh is to quickly restore voting rights: Rizvi
Nation's desire in Pohela Boishakh is to quickly restore voting rights: Rizvi
1 hour ago | National
Bangladesh receives Tk3,100cr investment proposals: BIDA
Bangladesh receives Tk3,100cr investment proposals: BIDA
20 hours ago | Business
Umpires check Hetmyer, Salt's bats during RR vs RCB match – Here's what happened
Umpires check Hetmyer, Salt's bats during RR vs RCB match – Here's what happened
5 hours ago | Sports
Dhaka signs OIC Labour Centre Statute
Dhaka signs OIC Labour Centre Statute
21 hours ago | National
Russian missile attack on Ukraine’s City Center kills 32
Russian missile attack on Ukraine’s City Center kills 32
19 hours ago | International
India begins biggest-ever joint naval exercises in Africa
India begins biggest-ever joint naval exercises in Africa
19 hours ago | International
Approach to Cairo talks is ‘responsible and positive’: Hamas
Approach to Cairo talks is ‘responsible and positive’: Hamas
8 hours ago | International
ICC creates fund for displaced Afghan female players
ICC creates fund for displaced Afghan female players
3 hours ago | Sports
Weather Forecast: Rain likely, heat persists in several districts
Weather Forecast: Rain likely, heat persists in several districts
4 hours ago | National
Malika Sherawat has 'silicon in her chest': Aditi Rao
Malika Sherawat has 'silicon in her chest': Aditi Rao
19 hours ago | Entertainment
Anondo Shobhajatra free from political motive this year: Farooki
Anondo Shobhajatra free from political motive this year: Farooki
4 hours ago | National
Hamas slams Israeli airstrike on Al-Ahli Hospital
Hamas slams Israeli airstrike on Al-Ahli Hospital
22 hours ago | International
Aamir with girlfriend Gauri showcase traditional glamour at Macau festival
Aamir with girlfriend Gauri showcase traditional glamour at Macau festival
19 hours ago | Entertainment
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
Nobel Literature Prize winner Mario Vargas Llosa dies in Peru
5 hours ago | International
China halts rare earth exports, disrupting global supply chains amid trade war
China halts rare earth exports, disrupting global supply chains amid trade war
4 hours ago | Business
Derailment halts Khulna’s rail link with other parts of country
Derailment halts Khulna’s rail link with other parts of country
3 hours ago | National
Actor-politician Vijay moves Supreme Court against Waqf Act
Actor-politician Vijay moves Supreme Court against Waqf Act
5 hours ago | Entertainment