A paradox combination of Covid-19 impacts and a looming expiry of feed-in tariffs (FITs) are putting a massive volume of wind power projects at risk that represent investments of $6.7bn, the Global Wind Energy Council (GWEC) has warned.
Developers are rushing to get the projects operational before a 1 November 2021 cut-off date for FITs, but as the pandemic has caused significant delays for construction due to supply chain bottlenecks, limited worker mobility and other issues, 4GW of projects are likely to miss the deadline.
