the setbacks of offshore wind power

by time news

2023-12-28 15:14:35

The first offshore wind farm in France, off the coast of Saint-Nazaire (Loire-Atlantique). Caroline Paux/Caroline Paux / Hans Lucas via R

DECRYPTION – Abandonment of projects in the United States, calls for tenders without response: the sector is suffering. European manufacturers are losing money.

Installed or floating, offshore wind turbines pitch. Projects abandoned by developers, Western manufacturers in crisis, difficulties are piling up. However, the ambitions are great for offshore wind power, which is one of the building blocks, along with nuclear and other renewables, that will make it possible to do without fossil fuels.

Europe wants to increase its production of offshore wind turbines from 12 gigawatts (GW) to 60 GW in 2030 and 300 GW by 2050. For France, this means going from 1 GW to 18 GW installed in 2035 States -United States aims to develop an additional 30 GW by the end of the decade, South Korea, 14.3 GW in 2030.

Fallen in the water

But in recent months, setbacks have multiplied in this industry where the financial stakes are colossal – the deployment of 1 GW requires on average 4 billion investments. In the United States, many offshore park projects have fallen through. At the beginning of November, the Danish electricity producer Orsted threw in the towel in…

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