The world’s largest offshore wind developer, Ørsted, just announced today they are abandoning two big US projects. The government claims it wants offshore wind, but something seems to be out of whack in how these projects are being supported. (Harrassment by US shipping interests, citing the Jones Act, probably doesn’t help.)
That instance in your source is definately stupid but I don’t think that is a big factor in these projects. Of shore wind projects the world over are not bringing in the revenue that was predicted to investors and now we are seeing significant cost overruns. Combine the two issues and it is hard to fund these projects without legislating higher energy costs.
The world’s largest offshore wind developer, Ørsted, just announced today they are abandoning two big US projects. The government claims it wants offshore wind, but something seems to be out of whack in how these projects are being supported. (Harrassment by US shipping interests, citing the Jones Act, probably doesn’t help.)
That instance in your source is definately stupid but I don’t think that is a big factor in these projects. Of shore wind projects the world over are not bringing in the revenue that was predicted to investors and now we are seeing significant cost overruns. Combine the two issues and it is hard to fund these projects without legislating higher energy costs.