Sweden’s Vattenfall raised a huge question mark over the viability of UK offshore wind as it halted plans for a project due to form part of one of the world’s biggest developments on profitability grounds in the face of soaring costs.
The utility group today (Thursday) said it will stop development of the 1.4GW Norfolk Boreas project “in its current form and not take an investment decision now..”.
Vattenfall said it will also “examine the best way forward” for the rest of its Norfolk zone, which also includes the same-sized Norfolk Vanguard project and totals some 4.2GW. https://www.rechargenews.com/wind/blow-to-uks-offshore-wind-plans-as-vattenfall-halts-giant-north-sea-project-over-soaring-costs/2-1-1489091?fbclid=IwAR0nb7d4rsxl1raPUn70_NyFkRKmc9l-u94E6ncxZTWsOQ66vJMCQJbac7o
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