Morning Briefing: Berlin Could Repeat an Old Mistake with Wind Power
Offshore wind power is heading for a setback: No new wind farm has been launched in Germany for two years. This has consequences for the industry.
Germany's offshore wind power industry is at risk of losing its value creation to other countries, according to industry managers. The sector, which is supposed to become a key pillar in the country's power supply, has seen no new wind park projects started in the past two years, with many more on hold. A total of 49,000 jobs depend on the expansion, with up to 23,000 potentially lost in four years if it continues to stall.
The industry faces challenges including rising costs, high interest rates, and unfavorable political conditions. The installed capacity is supposed to nearly triple to 2030 from today's 10.8 gigawatts.
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.
