Tender Borssele I - II

Yesterday the Dutch Ministry of Economic Affairs confirmed that the opening of the tenders for Borssele sites I & II and publication of the final version of the Project & Site Description will be delayed until mid January 2016. As indicated earlier the Ministry will await the discussion on the Draft Bill “STROOM” in the Dutch Senate before opening the tenders. The Draft Bill includes new rules pertaining to the construction and operation of the offshore grid and will be discussed in the Senate just before the Senate’s Christmas recess.

Parties interested to participate in the tenders can however prepare their applications in various ways. Draft application forms are available on the RVO website. On December 10, an information meeting will take place regarding the application forms and the operational model. Throughout the year, TenneT organized joint legal and technical expert meetings, where draft agreements, general terms and conditions and annexes were discussed. TenneT now published the near final drafts on its website; final comments can be submitted until 10 December.

RWE

An unexpected and major policy change for RWE! The German utility intends to drop down its generation of renewable energy, grid management and private services into a new subsidiary and float a minority on the stock exchange. This will include Essent's main activities. Thermal generation, however, such as coal-fired stations, as well as the trade desk, will not be hived-down and floated. RWE's CEO Peter Terium emphasized that the plans will not lead to a split-up of the organization, as RWE will remain the majority shareholder. The supervisory board will vote on the plans on 11 December.