Why 'Germany speed' offshore wind could have a $300m sting in the tail

Measures to cut red tape for projects sound just what the industry needs – but it fears compensation payments could add to a growing roster of extra costs, writes Bernd Radowitz

German Federal Economy and Climate Action Minister Robert Habeck holding a model wind turbine while visiting a Siemens Gamesa factory.
German Federal Economy and Climate Action Minister Robert Habeck holding a model wind turbine while visiting a Siemens Gamesa factory.Foto: Getty/Getty Images
Published 1 March 2023, 06:07Updated 1 March 2023, 07:59