WindAction | Britain's offshore wind industry is running out of puff
A string of major projects are under threat from spiralling costs, sclerotic planning rules and shrinking subsidies. Industry sources warn that it risks tilting the economics into negative territory. “Things are very hard out there right now,” one source says. chemes developed by Ørsted, Vattenfall and Red Rock Power are among those understood to be most at risk, despite them only winning subsidy contracts last year. Adding to concerns is a sense that ministers are not listening to the industry’s warnings, with more than one senior figure descr...
Source: windaction.org
