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America’s Offshore Wind Industry Is A Mess

America’s Offshore Wind Industry Is A Mess

BP executive Anja-Isabel Dotzenrath criticizes…

Alternative Energy / Wind Power

Germany To Bail Out Siemens’ Struggling Wind Turbine Division

Nov 10, 2023 at 07:08 | ZeroHedge

Reuters reports the German government, Siemens AG, and other parties will provide billions of euros in project-related guarantees to support Siemens AG's struggling wind turbine…

America’s Offshore Wind Industry Is A Mess

Nov 03, 2023 at 08:50 | ZeroHedge

It's not just Orsted that just realized the Green revolution is really deep red when it comes to shareholder value. Speaking at the FT Energy Transition…

Europe’s Wind Energy Giants Brace For Massive Losses And Writedowns

Nov 02, 2023 at 09:54 | Alex Kimani

The malaise spreading through the renewable energy industry that started in late October when we reported that shares of Israel-based SolarEdge Technologies Inc. (NASDAQ:SEDG) suffered their biggest crash in the company’s…

Biden's Wind Revolution Faces Setback As Major Projects Halted

Nov 02, 2023 at 08:36 | ZeroHedge

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…

Siemens Energy Shares Crash 37% As It Reports Wind Turbine Quality Issues

Oct 26, 2023 at 09:55 | ZeroHedge

Siemens Energy shares in Germany crashed on Thursday after the company warned its wind turbine business is grappling with quality issues and offshore ramp-up challenges. The company said it's evaluating various…

Dutch Energy Minister Admits That Wind Power Agenda Is Pricier Than Anticipated

Oct 17, 2023 at 09:01 | Cyril Widdershoven

Reality has returned to the European offshore wind sector, bringing financial challenges to the forefront. These challenges are not solely due to higher interest rates but are increasingly driven by…

Offshore Wind Industry Hits Rough Waters Amid Rising Costs

Oct 03, 2023 at 08:48 | Haley Zaremba

The offshore wind industry is in crisis. Already this year, projects across Europe and the United States have been delayed or shelved thanks to a “perfect storm of supply chain…

Challenges Escalate For The Wind Energy Industry

Sep 29, 2023 at 08:52 | Tsvetana Paraskova

Europe and the United States risk missing their ambitious wind power installation targets as soaring costs, supply chain delays, and low electricity prices at auctions hamper development and lead to…

Offshore Wind Can Be Boon Or Bust, Depending On Where You Are

Sep 11, 2023 at 09:26 | Alex Kimani

No energy companies have so far submitted bids in the UK’s 5GW offshore wind auction, with the government coming under fire for ignoring…

Orsted Threatens To Abandon U.S. Offshore Wind Projects

Sep 08, 2023 at 08:44 | ZeroHedge

The world's largest offshore wind farm developer is preparing to walk away from US projects unless the Biden administration guarantees more support, Bloomberg

Natural Gas Stands To Win As Offshore Wind Takes A Hit

Sep 01, 2023 at 13:15 | Cyril Widdershoven

While the total number of offshore wind projects, both existing and projected, continues to surge, the sector now grapples with typical economic and financial challenges. In recent weeks, offshore wind…

Offshore Wind Red Tape Costing UK Tax Payers £1.5 Billion Per Year

Aug 17, 2023 at 09:05 | City A.M

Bill payers are being left £1.5bn worse off per year due to Treasury red tape blocking new offshore wind projects, according to new research from the Energy and…

Lebanon’s Energy Strategy: Offshore Drilling, Iraqi Fuel, And Solar Power

Aug 16, 2023 at 09:17 | Felicity Bradstock

Lebanon has now been in its economic and energy crisis for around two years, battling every day with a lack of electricity and relying on generators for the most basic…

Wind Industry Seeks More Support As Costs Spiral Out Of Control

Aug 09, 2023 at 09:22 | Irina Slav

Back in June, the chief executive of Danish wind turbine major Ørsted said the British government needed to provide more financial support for the wind industry because of rising costs.…

There Is A Financial Crisis Brewing In Offshore Wind Energy

Aug 02, 2023 at 09:00 | Haley Zaremba

A financial crisis is unfolding in the offshore wind power industry. The ultra-efficient and reliable form of clean energy production is an essential component of all of the world’s possible…

Big Oil Gearing Up For Massive Gulf Of Mexico Offshore Wind Auction

Aug 02, 2023 at 08:54 | Alex Kimani

Last year, the Biden administration outlined a range of clean energy initiatives it plans to undertake, key among them being the largest-ever sale of offshore wind leases in U.S.…

Wind Lobbyists Push UK Government For More Subsidies

Jul 06, 2023 at 08:38 | ZeroHedge

In a move that gives the lie to years of propaganda claiming falling costs, the wind industry’s leading lobbyists have written to the Government threatening to abandon the U.K.…

Supply Chain Bottlenecks Threaten UK’s Offshore Wind Dreams

Jun 29, 2023 at 08:56 | City A.M

Britain risks failing to to meet its offshore wind ambitions, unless over £100bn is invested across the sector by the end of the decade, an industry body has…

Europe To Face Offshore Wind Tower Deficit By 2028

Jun 28, 2023 at 08:41 | Rystad Energy

Offshore wind developments are a critical component of Europe’s energy transition plans, but a supply headache could be on the horizon for the industry before the end of the decade.…

UK Labour Leader Unveils Onshore Wind Power Plans

Jun 19, 2023 at 09:11 | City A.M

Politics is very often about jargon and buzzwords, and the most frequent these days seems to be the commitment to turn Britain into a “superpower” of some sort.…

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