Headwinds for the Offshore Wind Industry - Episode 77

Eight Minutes

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There's a lot going on in the offshore wind market in the US these days. Multiple projects have had to renegotiate or even outright cancel their power purchase agreements.
In today's episode, Paul takes a closer look at the reasons behind this turmoil and the impact on the nascent offshore wind market.
For further reference:
"Offshore wind in the U.S. hit headwinds in 2023. Here's what you need to know" - NPR
"A wind project promised Mass. cheap power. Then came inflation" - WBUR
"Two major New York offshore wind projects are back on track" - Canary Media
"US offshore wind projects facing inflation headwinds" - Reuters
"Lawmakers pass controversial bill to give tax break to offshore wind developer" - New Jersey Monitor
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