Exploding costs

Costs jump more than three times for Belgian ‘green’ offshore energy hub

Instead of the planned €2.2 billion, the North Sea energy hub’s price is expected to be €7 billion, Belgian newspaper De Tijd reported on October 24.

Belgian energy regulator CREG has warned the government about the exploding costs. In a recent letter to the outgoing federal minister of energy, Tine Van der Straeten (Green Party), it said investment costs might hit €7 billion.

When asked about that in parliament, the Green minister refused to answer, claiming it was impossible because the site was still in construction and parts of the tender were still ongoing.


Let us see who gave it their blessing, it's often a clue.

In the Belgian-hosted 2023 North Sea Summit, it was stated that the goal was to “build the world’s largest green energy plant in the North Sea.”

European Commission President Ursula von der Leyen joined the summit alongside several EU leaders, including Belgian Prime Minister Alexander De Croo, French President Emmanuel Macron, German Chancellor Olaf Scholz, and Danish Prime Minister Mette Frederiksen.