Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration.
Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs, impairments and other cancellation fees after determining they could no longer complete projects profitably due to rocketing construction costs, higher interest rates and supply chain snags.
Source : Reuters
Existing views on what venture capital finances and how its markets are structured are primarily…
EU green value chains are losing competitiveness, but strong regional specialisation means support should target…
Artificial intelligence (AI) is advancing rapidly at a moment when the global economy badly needs…
For decades, one question has dominated debates about finance and poverty reduction: does access to…
Oil prices fell on Monday as rising Middle East crude exports and a release of…
A trade organization representing community banks sued a US bank regulator Friday, claiming that its…