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Coastal News Today | USA - Offshore Wind Projects Facing High Costs and Delays Amid Industry Crisis

Rising costs and logistical issues have led to a series of delays in recent weeks for at least 10 offshore wind projects across the U.S. and Europe totaling $33 billion, the Wall Street Journal reported Monday.

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US Offshore Wind Gets Atlantic, Gulf Pushes Amid More Sector Cost Tumult

Feds propose 557 sq miles of new Atlantic ocean tracts for development and set Aug. 29 for first Gulf of Mexico auction of three large sites, but projects now confront rising costs for the first time.

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Wind Industry Hits Rough Seas as Problems Mount - Governors Wind Energy Coalition

Wind Industry Hits Rough Seas as Problems Mount - Governors Wind Energy Coalition
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WindAction | Offshore wind projects facing high costs and delays amid industry crisis

A 40 percent cost increase recently halted an offshore wind project in the U.K., while investors postponed decisions on two projects in the Baltic Sea. Another three projects in the North Sea totaling about $19 billion in planned spending are potentially delayed or are revising terms, Lloyd-Williams said. “If the soundest projects in the most mature markets start to sink, that is a major red flag,” he said.

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Wind Energy: A Doomed Industry

Wind Energy: A Doomed Industry
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