A 40 percent cost increase recently halted an offshore wind project in the U.K., while investors postponed decisions on two projects in the Baltic Sea. Another three projects in the North Sea totaling about $19 billion in planned spending are potentially delayed or are revising terms, Lloyd-Williams said. “If the soundest projects in the most mature markets start to sink, that is a major red flag,” he said.
Wind Energy: A Doomed Industry powerlineblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from powerlineblog.com Daily Mail and Mail on Sunday newspapers.
Offshore Wind Projects Facing High Costs and Delays Amid Industry Crisis: WSJ themainewire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themainewire.com Daily Mail and Mail on Sunday newspapers.
Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing.