The smart money is treating offshore wind power like the Ebola virus. Like that deadly contagion, the offshore wind industry's rapid and merciless collapse is spreading far and wide. Dozens of mega-offshore projects - that were once talked up with the reverence usually reserved for transcendental deities - are being quietly scrapped. Whereas the promised … Continue reading Cancelled: Investors Ditch Dozens of Mega-Offshore Wind Power Projects
Tag: Vattenfall offshore wind power investment
Britain’s Wind Industry In Freefall: Rising Costs See More Major Projects Scrapped
The value of subsidies to wind power is falling, while the cost of erecting and operating these things has skyrocketed. The result is a complete collapse in wind power capacity investment in Britain, and elsewhere. The usual suspects are running a mile from projects that were (on paper) worth billions. While the wind industry pretends … Continue reading Britain’s Wind Industry In Freefall: Rising Costs See More Major Projects Scrapped
Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
The spiralling cost of erecting ever-larger turbines at sea is matched by the spiralling costs of the raw inputs needed for the turbines themselves, which means the offshore wind power bubble has truly burst. The Sweden’s Vattenfall has just scotched a massive project proposed off the coast of Norfolk, moaning about rocketing turbine manufacturing and … Continue reading Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
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