Global Offshore Wind Industry Faces Challenges
The global offshore wind sector is struggling with rising costs, policy instability, and supply chain disruptions.
According to OilPrice.com, the industry has been facing growing pains over the past couple of years, with supply chain constraints, policy volatility, and economic headwinds threatening its growth.
These challenges are increasingly forcing companies in the space to abandon projects and undergo strategic restructuring as the momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes.
Alex Kimani, a veteran finance writer, notes that the industry's struggles are affecting its potential to become a dominant wind energy source in many regions.
Author's summary: Offshore wind industry faces perfect storm of challenges.