Is there a perfect storm brewing in the offshore wind industry?

OPINION | The offshore wind industry can get through its current moment of self-doubt, writes RWE's Markus Krebber

Markus Krebber, chief executive officer of RWE
Markus Krebber, chief executive officer of RWEFoto: RWE

In recent weeks, for the first time, offshore wind projects in Europe and the U.S. have been halted, mainly citing cost increases.

In other news, turbine manufacturers were once again in the red in their latest quarterly reports, with losses running into billions.

This is not good news, it’s in fact the worst-case scenario for the energy transition when large projects that have already been awarded are not realised as planned.

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