-
Bank of Korea Governor Shin Hyun-song Appointed First Asian Chair of BIS Payment Committee
-
Texas Car Buyers: Legal Remedies When a Defective Vehicle Isn't a 'Lemon'
-
Northern California Jewish Sports Hall of Fame Announces 2026 Inductees
-
Phil Spencer on Housing Market Fairness: How Buyers and Sellers Navigate Falling Prices
-
Readers Debate GTA 6 Spin-offs, Server Strain, and Warner Bros. Decline in Games Inbox
-
Moderna to Present at Upcoming Conference in November 2026
-
Apex Extends Trinity Zone in West Step-out Drilling With 2.52% REO Over 223.3 m and 2.49% REO Over 123.3 m at Rift
-
Electrovaya to Participate in Upcoming Investor Conferences
-
Aston Bay Announces Pre-Feasibility Study Results and Maiden Mineral Reserve for the Storm Copper Project, Nunavut
-
Zeb Nickel Commences Diamond Drilling at the Zeb Nickel Project
-
Silicon Publishing Launches Prism, Bringing AI-Assisted Automation to Database Publishing
-
Aztec Drills 70.1 Meters of 0.80 g/t AuEq (0.49 g/t Au and 16.85 g/t Ag) from Surface in TR26-54 at the Tombstone Project, Arizona
-
Critical Elements' 10,000-Meter Summer Drill Program at Rose West Continues to Deliver Positive Results
-
China Explores a New Pathway for Medical AI: Bridging R&D Innovation and Clinical Adoption
-
Gamma Resources Announces Planned Radon Flux Baseline Survey at Mesa Arc Uranium Project in New Mexico, Provides Update on Project Timelines
-
Geek+ Unveils 24/7 Warehouse Autonomy Plan to Advance Self-Optimizing, Around-the-Clock Operation
-
Precigen Posts Strong Q3: PAPZIMEOS Net Revenue Rose 37%; Positive Cash Flow Achieved Ahead of Schedule
-
Zomedica Announces "Third Friday at Four" Webinar on November 20, 2026: The People Behind Zomedica - Seven Guiding Principles in Action, and Q3 Financial Results
-
KIFFIK Biomedical Recognized as Top Biomarker Access Technology 2026 by Life Sciences Review
-
3D Induced Polarization Survey Identifies a Large Drill Target at East Goldfield
-
Spectrocell Strengthens Product Discovery and Customer Engagement with Bioz Badges
-
Fulcrum Metals PLC Announces Fulcrum to Increase Shareholding in Loyalist
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - November 10
-
New Gold IRA Investing Guide Explains How to Buy Gold in an IRA for American Consumers
-
ATWEC Technologies, Inc. (OTCID:ATWT) Reports Third Quarter 2026 Revenue of $12.46 Million, Up 37% Year-over-Year
-
INEO Invited to 15th Annual ROTH Technology Conference in New York
-
SMX Advances Development of its Scientific Intelligence, an AI-Powered Platform Intended to Create a Comprehensive Codex for Chemical Agents, Additives and Supplements
-
Jerash Holdings Reports Fiscal 2027 Second Quarter Financial Results
-
Four Nines Gold Intersects 67 Metres at 1.78 g/t Gold, Reinforing Emerging Gold Corridor at Hayden Hill
-
Peraso to Showcase DUNE 60 GHz Wireless Platform at Africa Tech Festival 2026
-
Your Patients Are Asking AI About You. AimwellBio Lets Every Physician See the Answer, Free.
-
ByNext Joins the Bilt Neighborhood: Reaching More Customers by Integrating Its Technology with Bilt Neighborhood OS
-
Cardiff Lexington To Report Third Quarter 2026 Financial Results and Host Conference Call on Monday, November 16, 2026
-
Horizon Aircraft Completes Preliminary Design Review of Cavorite X7 Hybrid eVTOL
-
Adcore Reports Third Quarter 2026 Results: Gross Margin Rises to 64%, Operating Loss Halved, Cash Up to $4.3 Million as Restructuring Takes Hold
-
Odyssey Behavioral Healthcare Launches Virtual Intensive Outpatient Mental Health Treatment for Adults
-
Nextech3D.ai to Report Fiscal Second Quarter 2027 Financial Results and Host Investor Webinar on November 19, 2026 at 4:30 PM ET
-
Securitas Healthcare Introduces a New Era of RTLS Built for the Future of Healthcare Operations
-
Sterling Metals Announces Fully Allocated Private Placement of Units, Flow-Through Shares and Charity Flow-Through Units
-
Wash100 Award, GovCon Industry's Highest Honor, Opens Nominations for 2027 Season
-
Greene Concepts Highlights Groundwater Resources and Commercial Opportunities
-
SNZweig Forms AEC Industry Advisory Council
-
Allstar Health Brands Confirms MLS NEXT Expansion Bid to Anchor a Permanent Training Structure and a Professional Pathway
-
BioTech Breakthrough Acknowledges Champions Oncology Innovation with the "Contract Research and Development Innovation Award"
-
US Government Questions Effectiveness of Waymo’s School Bus Software Fix
-
Egypt to Launch 'Noor Saghir' Childhood Cancer Initiative in January 2027
-
Marie Schreiber Reflects on European Championships Demotion
-
First-time boat buyers advised to assess full ownership costs
-
Panthers expected to begin 2027 NRL season away from new stadium
-
Planning and preparation can reduce stress of interstate relocation
World's first green energy island sails into cost storm
At a shipyard on the North Sea, workers in luminiscent vests are building dozens of massive, hollow concrete boulders, each the size of an apartment block.
These are to be floated out to sea and sunk to become the foundations of a giant Belgian green energy development -- a world first -- which is itself, however, in choppy waters amid surging costs.
Named after Belgium's Princess Elisabeth, the "energy island" was launched in 2021 to support a huge expansion in wind energy production that would drastically reduce the country's dependence on planet-warming fossil fuels.
But supply chain snags have made costs more than triple to more than seven billion euros ($7.56 billion), according to some estimates, sparking calls for construction to be stopped at a time of growing political pushback against ambitious green targets across Europe.
"This cost increase is a huge worry," Belgium's energy minister Tinne Van der Straeten told AFP.
Just over 10 percent of Belgium's energy supply comes from renewable sources, the government says.
Nuclear, gas and oil provide the bulk of its needs, according to the International Energy Agency.
But Belgium will have to lower its dependence on fossil fuels as a European Union target requires 42.5 percent of the bloc's energy to be renewable by 2030.
"That's why we need transformative projects, huge projects like this," said Van der Straeten, sporting a yellow construction helmet during a visit to the shipyard in Vlissingen, a Dutch port near the Belgian coast.
- 'Multiple sockets' -
Belgium plans to install 3.5 gigawatts of offshore wind capacity in coming years -- enough to cover 30 percent of the country's needs, according to the government.
Building an artificial island is what Belgian grid operator Elia believes is the most efficient way of bringing that energy to shore.
Located 45 kilometres (28 miles) off the coast, the island will host transformers and bundle together undersea cables to bring electricity to land.
It will also connect the Belgian grid with wind-power-producing North Sea neighbours, such as Britain and Denmark, allowing for a more stable energy supply.
The island is like "an extension cord with multiple sockets", said Joannes Laveyne, a researcher at Ghent University.
Proponents say placing it at sea avoids Nimbyism -- "not in my backyard" -- complaints from locals in a densely populated nation, and shortens international connections. Proximity to wind farms reduces energy losses.
The project won the blessing of environmental groups appeased by its green purpose and nature-friendly design. The island will have ledges for seabirds to breed and an artificial reef to boost marine life.
But Russia's invasion of Ukraine in 2022 threw a spanner in the works.
It triggered a European push to wean off Russian gas, which further accelerated the continent's rush to build more renewable plants.
The cost of related works and equipment has since skyrocketed, Elia said.
"In all countries people want to buy the same equipment, and supply can't meet demand," Frederic Dunon, CEO of Elia Transmission Belgium, told AFP.
- 'Throwing away the baby' -
From an initial 2.2 billion euros ($2.4 billion), the island's cost has soared to more than seven billion euros, according to an estimate cited in parliament last week that Elia would not confirm.
That is partly because the EU's green drive has not seen adequate investment in the capacity of firms tasked with building the infrastructure, said Laveyne.
As Elia can pass the cost onto consumers via their utility bills, some have called for a rethink.
A group representing industrial energy consumers said the project should be put on hold.
The controversy comes as far-right gains in several countries have resulted in growing calls for the EU to tame its climate ambitions.
EU chief Ursula von der Leyen has pledged to reconcile "climate protection with a prosperous economy" in her second term.
Van der Straeten said she would like to see the bloc make more money available for projects like the energy island -- which secured a 650-million-euro credit facility from the European Investment Bank last week.
Meanwhile, a cost-benefit assessment has started and the government was seeking additional financing, she added.
But environmentalists are worried that an incoming new government might have different ideas -- and delaying the project would keep the door open for dirtier energy.
Halting wind-power plans because of associated costs was like "throwing away the baby with the bathwater", said Almut Bonhage of environmental organisation Bond Beter Leefmilieu.
E.Rodriguez--AT