Offshore wind industry hammered by inflation, interest rates

Jun 17, 2024
Economics has frustrated efforts to expand the turbine fleet and meet clean energy goals. But the industry is adjusting.
Michael Brown, a wind energy executive, says construction plans are becoming more flexible after the disruptions of the last few years. Above, a crane loads turbine blades onto a barge at a Massachusetts port.
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As one new offshore wind project is approved, two others are canceled — for now

Nov 2, 2023
More offshore wind projects are being approved, but many are also running into economic and logistical challenges.
An offshore wind farm off the coast of Block Island, Rhode Island.
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