Vattenfall: Offshore wind needs updated framework

Rising interest rates, project costs and inflation call for a review of the framework for the projects planned for the coming years, says the energy company.

Vattenfall remains very interested in developing offshore wind projects in the UK. But it also calls for the authorities to take a closer look at the economic assumptions for the feasibility of the projects. | Photo: Vattenfall

by ANNE FILBERT

These are not exactly easy times for developers. A dramatically changed economic picture, compared to just a year ago, has made it harder to see the financial rewards of often large-scale offshore wind projects.

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