Offshore wind developers hit the brakes in Britain
A perfect storm of inflation, rising interest rates and shrinking subsidies has prompted one big player to halt a massive project - and it may not be the last.
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A perfect storm of inflation, rising interest rates and shrinking subsidies has prompted one big player to halt a massive project - and it may not be the last.
Sweden's Vattenfall said that it was considering the best way forward for three projects off the coast of Norfolk.
Energy giant Vattenfall has shelved plans for a major wind farm off the coast of Norfolk after soaring inflation made the project unviable.
Fears have been raised the region could miss out on a huge economic boost after the dramatic decision to halt work on a massive wind farm off the…
Energy developer Vattenfall is pausing work on the Norfolk Boreas offshore wind farm in the UK, due to higher inflation and capital costs.