Global Offshore Wind Faces Challenges
The global offshore wind industry is struggling with rising costs, policy instability, and supply chain disruptions.
Alex Kimani, a veteran finance writer, notes that the industry has been facing growing pains over the past couple of years, with supply chain constraints, policy volatility, and economic headwinds threatening its growth.
The momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes.
These challenges are forcing companies to abandon projects and undergo strategic restructuring.
Author's summary: Offshore wind industry faces rising costs and policy instability.