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 supply chain constraints, Power Purchase Agreement (PPA) issues, and investor caution. In a surprising announcement, Dutch Minister of Climate and Energy, Rob Jetten, has informed the market, government, and parliament that the costs of offshore wind projects in the North Sea will be significantly higher than previously assessed.
Minister Jetten, a…Dutch Energy Minister Admits That Wind Power Agenda Is Pricier Than Anticipated
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