KPMG

KPMG carried out an independent review in relation to the Dutch government’s amended permit conditions for the IJmuiden Ver Beta offshore wind farm (Zeevonk), which is being developed by the Vattenfall and Copenhagen Infrastructure Partners (CIP) joint venture. The review was referenced in the context of the government decision to revise the project’s consent terms, including phasing the 2 GW wind farm into two 1 GW tranches aligned with the delayed Delta Rhine Corridor hydrogen pipeline timeline. According to the reported information, KPMG’s work assessed whether the proposed amendments were reasonable and whether they would risk overcompensating the developer for the consequences of the external infrastructure delay. The review formed part of the broader decision framework used by the Ministry’s leadership when justifying the permit amendment approach and explaining the rationale for avoiding a full permit re-tender. This engagement is characterised as commercial/financial due diligence and independent assessment supporting a major change in the project’s delivery and payment profile (including adjustments to system integration requirements and the revised total permit payment). The activity sat within the project’s development and consenting/amendment stage, providing third-party assurance to inform public-sector decision-making.