Industry fears that offshore wind gap will break the bank
The industry urges European politicians to agree on a target of 60 GW new offshore wind over the next decade. But despite the dramatic price reductions on the technology, this demand has been rejected for the time being.
The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.
With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.