Energy: "Zombie projects": Investors secured licenses for offshore wind farms - now they're hesitating
Unused areas for wind farms in the North and Baltic Seas are blocking the expansion of offshore wind power. The Ministry of Economics could help, but sees no need for action.
Developers have bid billions to secure licenses for offshore wind farm sites, but many now consider their bids too high, making the construction of the wind farms increasingly unlikely. The high bids have become a burden, as companies must invest further billions in building the wind farms. If the projects are not realized, it will impact the entire supply chain, including turbine manufacturers and other suppliers.
The industry is calling for the release and reallocation of the sites, with Karina Würtz, Managing Director of the Offshore Wind Energy Foundation, describing the projects as "zombie projects" that are paralyzing the entire value chain.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
