Global Offshore Wind Industry Faces Challenges
The global offshore wind industry is struggling with rising costs, policy instability, and supply chain disruptions.
According to Alex Kimani, a veteran finance writer, the industry has been facing growing pains over the past couple of years, with supply chain constraints, policy volatility, and economic headwinds threatening its growth.
The momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes.
- Rising costs
- Policy instability
- Supply chain disruptions
These challenges are forcing companies to abandon projects and undergo strategic restructuring.
Author summary: Offshore wind industry faces numerous challenges.