Challenges in Global Offshore Wind Industry
The global offshore wind industry is facing a perfect storm of challenges, including rising costs, policy instability, and supply chain disruptions.
According to industry expert Alex Kimani, a veteran finance writer and researcher, the sector has been experiencing growing pains over the past couple of years.
The momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes.
- Supply chain constraints
- Policy volatility
- Economic headwinds
These challenges are forcing companies to abandon projects and undergo strategic restructuring.
Author's summary: Offshore wind industry faces rising costs and policy instability.