A predictable investment environment enables the energy transition

Fortum fact sheet about the Dutch law prohibiting the use of coal in energy production and the international Energy Charter Treaty.

In 2019 the Netherlands adopted a law that prohibits the use of coal in energy production by 2030 at the latest. The law orders the closure of five coal-fired power plants earlier than their scheduled end of life. Among the coal-fired power plants to be closed early is Fortum subsidiary Uniper’s Maasvlakte 3 power plant.

The energy strategy of the Dutch Government in the late 2000s deemed the additional construction of coal power as necessary for the supply of secure and affordable energy. That’s when also the construction of Uniper’s Maasvlakte 3 power plant was started. The international Energy Charter Treaty protects foreign investors in situations where the target country amends its legislation unpredictably from the legislative environment to which the country had previously committed itself.