RE: North Seas Energy Ministers endorse Wind Power Package21 Nov 2023 20:20
NSEC Action Plan extract
We welcome the progress made on the first Offshore Network Development Plan (ONDP), to be published by ENTSO-E in January 2024. The ONDPs will serve as guidance for future forward-looking network investments. We are moving further towards optimised integrated energy system planning in our preparations for the next 2026 ONDP as part of the Ten-Year Network Development Plan. We will, in cooperation with our electricity, gas and (future) hydrogen network operators, gather information on electrolysers and hydrogen infrastructure developments offshore and onshore planningto feed this into our (integrated) long-term grid-planning.
We recognise the importance of promoting cross-border
projects, innovative projects, offshore energy hubs, and hybrid grid solutions across borders when they enhance efficiency, lower prices for consumers and reduce environmental impacts.
Sustainable Supply Chain and Financing Offshore Renewables in Europe
6. NSEC ministers will take action to increase visibility and
predictability for the entire supply chain by enhancing
coordination, including cooperation on ports infrastructure, access to raw materials, pipes and cables. We take note of the developments of the Clean Energy Industrial Forum’s working group on offshore renewable energy and of the NSEC Ports Study. As a first step we will publish a joint NSEC offshore wind energy tender planning for the coming years to demonstrate that national governments translate ambitious targets into concrete action. This enables investments into the supply chain in Europe, including port infrastructure. Moreover, we will seek to get investors on board and unlock final investment decisions by giving long term investment signals in order to boost investor confidence.
7. We will jointly assess our experiences in the use of qualitative criteria in auctions, such as on circularity, nature protection and biodiversity, resilience, innovation, skills, responsible business conduct, social standards, and energy system integration. As well as on ensuring stability of energy prices through smart interactions between auctions and potentially de-risked (cross-border) power purchase agreements (PPAs). We will share best practices on this between NSEC members, for example building on expert recommendations. We will continue to look into cross-border financing solutions for offshore wind energy, such as the Renewable Energy Financing Mechanism and the Connecting Europe Facility, and continue to support the financing needs of other key cross-border infrastructures.