Frequently Asked Questions
Why is ISEM so important?
ISEM (Integrated Single Electricity Market) will enable the injection of electricity produced into the European electricity grid. There will be no transport costs, inefficiencies will decrease because production will either be consumed locally or traded Europe wide. ISEM will balance electricity price differences in Europe, render cost balancing between countries more effective and increase the penetration of renewable energy in the European grid.
What about the balancing costs related to renewable energy sources?
These costs will be controlled by the ISEM, by more intelligent electricity use management of energy consumption by households and industry, by gradual electrification of the mobility and heating sectors and by the construction of more storage systems.
Can wind energy already compete with fossil fired energy plants?
Yes, the LCOE (Levelized Costs of Electricity) of many wind farms already beats the LCOE of various fossil fired plants. The LCOE of RES (Renewable Energy Sources) is declining while the LCOE of fossil fired plants continues to increase.
Is the cost price of the energy produced by the 1 gigawatt wind farm of NERO lower than that of offshore wind energy?
Yes, the LCOE (Levelized Costs of Electricity) of the NERO project is lower than that of any offshore wind farm built to date or coming on line during the next few years.
Does NERO show sufficient responsibility towards the local inhabitants who live close to the wind farms?
For NERO, Corporate Social Responsibility is not a marketing tool. We have committed ourselves to a social support scheme which contributes to the prosperity of the region where the wind farms will be built. Besides that, our projects are located in sparsely populated areas where nuisances are minimized.
Why is NERO working on a so called ‘Joint Project’ and how does this work?
To help member states reaching their target in 2020, the EU introduced 3 possible cooperation mechanisms enabling member states to enter into mutual agreements to cover their individual targets. The Joint Project mechanism is one of them. The Netherlands will not be able to reach its 2020 RES target, while Romania has already achieved it. The Joint Project mechanism will enable the Netherlands to adopt the Nero 1 gigawatt project to make it count for its own target.