If only there were a few more "incentives" for offshore wind. Surely the industry would take off then...
Reuters (1/11/24) reports: "Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. Rising costs have led to canceled projects in the U.S. and Britain while putting others at risk... Progress on developing U.S. offshore wind farms slowed in 2023 after offshore developers canceled contracts to sell power in Massachusetts, Connecticut and New Jersey, and threatened to cancel agreements in other states. European energy companies Orsted, Equinor, and BP took a combined $5 billion in writedowns on U.S. projects."
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