LOL Won't read anywhere in the legacy media if you discount Bloomberg news from which this was originally taken!
From your own link:
The world's largest offshore wind farm developer is preparing to walk away from US projects unless the Biden administration guarantees more support, Bloomberg reported.
Gad, do you idiots even read the link before you post?
But, to get a better perspective on wind farms, let's turn to that "liberal" news outlet WSJ, shall we?
Offshore wind is a promising clean-power technology because it should be highly productive once the capital is invested. As the ocean is windy, the capacity factor of offshore farms—a measure of how efficiently they generate electricity—is higher than both onshore wind farms and solar power. Installing wind turbines out at sea is also less controversial than on land, so the politics should be easier, in theory.
In reality, the industry is hamstrung by politics at all levels. Transmission bottlenecks to get power from offshore wind farms to land are now a major obstacle to delivering projects on time. Governments that dole out green subsidies with one hand set unfavorable terms for seabed auctions with the other.
There are also self-inflicted problems. Turbine manufacturers raced to make bigger and bigger models, driving down costs and making offshore wind nominally competitive with fossil fuels in many regions. But the rapid churn also made important parts of the supply chain obsolete: Older-installation vessels can’t handle the new, supersize turbine blades and towers.
While the industry needs to get better at understanding the hidden costs of innovation, governments will have to pay more if they want offshore wind power to help reduce carbon emissions. “Policymakers got used to 20 years of continuously falling prices for renewables. All of a sudden, that has reversed and they have been slow to react,” says Chris Seiple, vice chairman of Wood Mackenzie’s power and renewables group.
Offshore wind power is becoming a prime casualty of the shift in financial markets away from the old world of smooth supply chains, low inflation and free money. The industry and its political backers need to work together to find a model better suited to stormier times.
Even with generous green subsidies, offshore wind projects are being called off as developers struggle to make a profit.
www.wsj.com
Bottom line? Offshore ocean wind farms are highly productive in terms of energy outlay but there are the usual challenges with financing and politics. Once, the capitol is found, it will pay off.
Not sure why you idiots would be so excited to have this industry fail. Isn't getting energy domestically better than relying on Arab oil?
