“This flagship project demonstrates our commitment to accelerate the energy transition while strengthening Belgium’s energy security. It allows us to take control of our energy future and reduce our dependence on fossil fuels ,” said Minister Tinne Van der Straeten .
“ Moreover, By making citizen participation and sustainability key selection criteria, the Princess Elisabeth zone is laying the foundations for an energy future that is firmly focused on citizens.”
The Princess Elisabeth Island, the world’s first energy island, will be built some 45 kilometres off the Belgian coast, within the Princess Elisabeth Zone.
In October, Elia Transmission Belgium (ETB) and the European Investment Bank (EIB) signed an agreement for a EUR 650 million green credit facility whose proceeds will be used for the first phase of the Princess Elisabeth energy island project.
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