By Paul Homewood
h/t 1saveenergy
Now India is losing interest in offshore wind.
Renewablesnow report:
The Indian government has cancelled the process to allocate sea-bed lease rights for a total of 4,500 MW of offshore wind projects, it was announced on Tuesday.
While SECI itself did not state a reason for the decision in its announcement, The Economic Times quoted two sources as saying that there was a lack of interest among project developers.
Full story here.
This follows Trump’s US move away from offshore wind and the lack of bidders at Germany’s offshore auction last week.
Meanwhile Orsted have had to launch a massive $9.4 billion Share Rights Issue, largely because of huge losses on offshore wind projects.
It seems that it is only the UK where anybody wants to build wind farms at sea, but only because of the obscene subsidies on offer.
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Author: Paul Homewood
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