Nuon will only say: "These claims are also known within our company, we only can comment on the approved and disclosed policies of our corporate executive board. At this moment in time it is our policy to maintain our existing portfolio and further expand our renewable production capacity in our core countries: the Netherlands, Belgium and Germany."
Despite this formal denial, the impression that Nuon is withdrawing from its former ambition to secure a niche position within the liberalised European energy market as a "green" utility is strengthened by the dissolution last year of its dedicated Renewables Division. The company argues that this division was no longer necessary as renewables are now integrated across the company's activities.
Along with VLEEMO -- a group of local investors in the Flanders region of Belgium -- Nuon is meantime investing an estimated EUR 100 million in the Antwerp harbour project. On completion in 2006, permits permitting, it is set to be the country's largest wind farm on land. Before the summer, Nuon is also expected to join with Shell in investing some, EUR 200 million in a 108 MW offshore wind farm eight kilometres off the Dutch coast, known as the Near Shore Windfarm or NSW.