Companies abandoning massive offshore wind projects as prices skyrocket

Source: WND
Published: Jul 25, 2023
Author: Nick Pope
Post Date: 2023-07-25 20:30:49 by Charles_Byrd
Views: 1566

Billions of dollars in scheduled offshore wind developments in waters of the U.K. and U.S. have been paused or canceled in recent weeks, according to Bloomberg News.

Three major offshore wind-related contracts have fallen through as rising costs and economic concerns have saddled developments off the American and British coasts, according to Bloomberg. While offshore wind proponents remain confident in the long term viability of offshore wind, the recent cancellations may be a sign of more substantial troubles for offshore wind despite strong support from the Biden administration, according to Bloomberg.

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#1: Mudboy Slim    To: Charles_Byrd (#0)

"The three canceled projects combined would have generated about 10% of the total fleet already installed in American and British waters, according to Bloomberg. More than two times that much offshore wind power generation may also be at risk as developers seek to rework or get out of other deals that no longer make as much sense due to cost increases and other market forces, according to Bloomberg."

These monstrosities will never EVER pay for themselves...these windmills are simply being used to strengthen the Communist Chinese, while disempowering WeThePeople of the United States...MUD

Mudboy Slim posted on 2023-07-26 17:15:35   Reply   Private Reply

#2: watchman    To: Charles_Byrd (#0)

massive offshore wind projects

They're pressing ahead with offshore wind here in Maine.

Heck, I'd get on board if they'd lash Governor Janet WindMills to one of the blades.

Imagine the RPM's they'll reach when the first Nor'easter hits.

watchman posted on 2023-07-27 22:38:17   Reply   Private Reply