The wind industry is moaning about the soaring cost of spearing these things into the seafloor, miles offshore. Rent-seekers are backing away from dozens of touted projects - as if they’d never thought about the insane costs and low energy returns. Any seafaring soul could have easily explained that the operating cost of maintaining any … Continue reading Crashed & Burned: Soaring Construction & Maintenance Costs Make Offshore Wind Power Projects ‘Unbackable’
Tag: Commonwealth Wind project
No Upside: Wind Developers Pull Plug On Massive Offshore Projects Deemed ‘Uneconomic’
Some of America’s biggest planned offshore wind projects have recently been axed, with more to follow. Deemed ‘uneconomic’, potential investors and financiers are running a mile from what portend to be enormous white elephants. Where the true cost of onshore wind power is phenomenal, the cost of the offshore stuff is astronomical. Going offshore brings … Continue reading No Upside: Wind Developers Pull Plug On Massive Offshore Projects Deemed ‘Uneconomic’
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