US: No free pass for European offshore wind companies
Although the US state of Maryland has given a nod to what will become the US' hitherto largest offshore wind farm projects, that does not mean relaxed conditions in order to secure European know-how and competences.
Danish and other European offshore wind turbine manufacturers might want to think twice, if they think selling installation solutions and monopiles to Maryland's coming two offshore wind projects – of up to 368 MW – will be effortless.
The multinational commodity trader navigated through a turbulent market in fiscal 2022, which ended in September, but nonetheless closed the year with a record result. Challenging conditions will carry on into 2023.
Serious dissatisfaction is emanating from European capitals regarding the Energy Charter Treaty for protecting fossil energy investments, thus prompting the EU Commission to assess its options for a collective exit.