Developer profile

Eneco

outlook pending Rotterdam, Netherlands

About

synthesis · audited 2026-08 as of 2026-07

A Dutch energy company, owned by Mitsubishi Corporation together with a Japanese utility after being sold by the Dutch municipalities that founded it. It combines retail energy supply with renewable generation, and its offshore activity is concentrated in Dutch and Belgian waters, often as a partner taking offtake as well as equity — a route that suits a company whose customer book is large relative to its generation.

18 yrs
In the waterfirst COD 2008
8
Projects3 countries
0.66 GW
Delivered & operating6 projects, net of stake
50%
On-time deliveryacross 6 projects with a dated COD trail · mean +0.2 yr slip

On-time delivery compares each project’s first announced completion date with its latest. Directional — a developer’s share of a project is traced through joint ventures, and the sample is small.

Outlook

Stated target
Target discontinued / none stated
Return discipline

Portfolio

8 held · live stages first, exits last
Operational · 0.66 GW (6)Under Construction · 0.08 GW (1)Cancelled · 0.48 GW (1)

Capacity is net of ownership stake — a 50% JV counts half. Gross exposure (full nameplate of every project held): 3.36 GW.

ProjectCountryStageMWStakeNet MW
Norther Belgium Operational 370 50% 185
Hollandse Kust Noord Netherlands Operational 759 20.1% 153
Princess Amalia (Q7) Netherlands Operational 120 100% 120
Borssele 3 & 4↓ farmed down Netherlands Operational 732 10% 73
Luchterduinen↓ farmed down Netherlands Operational 129 50% 65
SeaMade Belgium Operational 487 12.5% 61
Ecowende (Hollandse Kust West Site VI)↓ farmed down Netherlands Under Construction 760 10% 76
Navitus Bay Wind Park United Kingdom Cancelled 970 50% 485

Divested & farmed down

every recorded sale by this developer · newest first
AnnouncedProject / portfolioTypeStake sold€mBuyer
2024-02 Ecowende (Hollandse Kust West Site VI) jv entry 30% Chubu Electric Power
2018-01 Borssele 3 & 4 jv entry 45% joint 300 Partners Group
2013-01 Luchterduinen farmdown 50% Diamond Generating Europe (Mitsubishi)

Ownership history comes from the deal ledger — the portfolio above is the CURRENT snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.