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Alternative Energies
See other Alternative Energies Articles

Title: Companies abandoning massive offshore wind projects as prices skyrocket
Source: WND
URL Source: https://www.wnd.com/2023/07/compani ... =dailyam&ff_content=newsletter
Published: Jul 25, 2023
Author: Nick Pope
Post Date: 2023-07-25 20:30:49 by Charles_Byrd
Keywords: None
Views: 294
Comments: 2

Billions of dollars in scheduled offshore wind developments in waters of the U.K. and U.S. have been paused or canceled in recent weeks, according to Bloomberg News.

Three major offshore wind-related contracts have fallen through as rising costs and economic concerns have saddled developments off the American and British coasts, according to Bloomberg. While offshore wind proponents remain confident in the long term viability of offshore wind, the recent cancellations may be a sign of more substantial troubles for offshore wind despite strong support from the Biden administration, according to Bloomberg.

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#1. To: Charles_Byrd (#0)

"The three canceled projects combined would have generated about 10% of the total fleet already installed in American and British waters, according to Bloomberg. More than two times that much offshore wind power generation may also be at risk as developers seek to rework or get out of other deals that no longer make as much sense due to cost increases and other market forces, according to Bloomberg."

These monstrosities will never EVER pay for themselves...these windmills are simply being used to strengthen the Communist Chinese, while disempowering WeThePeople of the United States...MUD

Mudboy Slim  posted on  2023-07-26   17:15:35 ET  Reply   Untrace   Trace   Private Reply  


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