02 Nov, 23

Biden’s Wind Revolution Faces Setback As Major Projects Halted

UncategorizedNo Comments

President Biden’s ‘wind revolution’ is blowing down as the world’s largest offshore wind farm developer abandoned two major US projects due to supply chain and interest rate impacts and recorded impairment charges well above previous forecasts.  Orsted A/S announced, “US offshore wind projects have experienced further negative developments from adverse impacts relating to supply chains, increased interest rates, and the lack of an OREC (Offshore Renewable Energy Certificate) adjustment on Sunrise Wind,” which has forced it to cease the development…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.