Reality has returned to the European offshore wind sector, bringing financial challenges to the forefront. These challenges are not solely due to higher interest rates but are increasingly driven by supply chain constraints, Power Purchase Agreement PPA issues, and investor caution.
One proposal is to use the same offshore-onshore connections for offshore solar projects. However, this concept is still in its infancy, as there are currently no viable large-scale offshore solar projects. Analysis indicates that the Dutch government's decision to exclude Chinese manufacturers from participating in TenneT tenders has contributed to the current cost increases.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: