Introduction

The offshore wind industry remains under significant pressure.

Sustained levels of high inflation since the start of the decade have pushed costs up significantly and support from policymakers has become more qualified as the cost-benefit proposition has become more challenging. Retrenchment has become the order of the day, with projects delayed and investment reduced. Most developers are going through, or have gone through, some form of portfolio review exercise to identify which projects still justify investment in a more resource constrained environment.

Our WindLogix Offshore Wind White Paper explores that portfolio review process in more detail and seeks to identify which sorts of projects may be at most risk in such an exercise.

Cancelled and Stalled Offshore Wind Projects by Country

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