A few years ago, interest in offshore wind energy was so strong that developers proposed spending tens of billions of dollars to plunk hundreds of turbines the size of skyscrapers in the Atlantic Ocean from Maine to Virginia.
The 2030 target was “widely and regretfully acknowledged” to be unrealistic, said Josh Irwin, senior vice-president of offshore wind at Vestas, the world’s largest offshore wind manufacturer. “These cancellations and delays go beyond growing pains,” Irwin told the Financial Times, adding that Vestas lacked the certainty needed to move forward with plans to build a US factory. “The US industry is in the middle of a fundamental reset to restore economic viability.”
Greasing the wheels for free transit politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
Was the budget worth the wait? politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.