Energy Transitions Commission (ETC) Urges Government and Industry Collaboration to Overcome Perceptions of Offshore Wind Energy 'in Crisis'
The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
- The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
- But in 2022-2023, inflation, supply chain bottlenecks, and higher interest rates led to rising offshore wind costs in some markets.
- A perceived offshore wind "crisis" ensued, in the UK and US markets in particular, as many projects and contracts were cancelled.
- – Agustín Delgado, Chief Innovation and Sustainability Officer, Iberdrola
Overcoming Turbulence in the Offshore Wind Sector has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy.