Forever Cancelled: Escalating Costs Crippling Giant Offshore Wind Power Projects

The laws of economics don’t discriminate: where the costs of any venture outweigh its benefits, investors stay at home. Originally lured with the meme about wind power being free, and getting cheaper all the time, plenty of hopefuls poured cash into wind power outfits like NextEra, Avangrid and turbine manufacturers like Siemens. Lately, however, the … Continue reading Forever Cancelled: Escalating Costs Crippling Giant Offshore Wind Power Projects