This article is republished from The Conversation under a Creative Commons license.
America’s first large-scale offshore wind farms began sending power to the Northeast in early 2024, but a wave of wind farm project cancellations and rising costs have left many people with doubts about the industry’s future in the US.
Several big hitters, including Ørsted, Equinor, BP, and Avangrid, have canceled contracts or sought to renegotiate them in recent months. Pulling out meant the companies faced cancellation penalties ranging from $16 million to several hundred million dollars per project. It also resulted
→ Continue reading at Wired - Science