The struggles of the offshore wind industry

Governments around the world have set ambitious targets to tackle climate change, but developers say power prices will have to rise to pay for it.

«Offshore wind projects around the world have faced a triple whammy of high supply chain inflation, rising interest rates and a reluctance on the part of governments to adjust auction parameters to respond to these new market conditions as they prioritise keeping costs to consumers down,» says Simon Virley, UK head of energy at KPMG.
«Offshore wind projects around the world have faced a triple whammy of high supply chain inflation, rising interest rates and a reluctance on the part of governments to adjust auction parameters to respond to these new market conditions as they prioritise keeping costs to consumers down,» says Simon Virley, UK head of energy at KPMG.Foto: Stephane Mahe/Reuters/NTB
Publisert 2. November 2023, kl. 11.25Oppdatert 2. November 2023, kl. 11.25