Inflation headwinds for offshore wind

High inflation is pushing some maritime wind projects off course. But it could also encourage more technological innovation to bring costs down.

On The Carbon Copy podcast this week:

In the last few months, three major offshore projects in Europe and America have been delayed or canceled thanks to rapidly rising costs. 

The complexity of offshore wind magnifies the technical and financial risks. And the financial picture for some projects has worsened over the last two years as inflation has driven up the cost of materials and labor across the supply chain.

This week: Offshore wind is taking a hit. We’ll talk with Jan Matthiesen, director of offshore wind and maritime decarbonization at The Carbon Trust, about whether financial challenges in the industry will encourage more technical innovation to bring costs down.

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