22-07-2023 22:34 via news.slashdot.org

Norfolk Coast Giant Offshore Windfarm Halted Due To Spiralling Costs

Slashdot reader sonlas writes: The government's green energy plans faced a setback as the Norfolk Boreas offshore windfarm project by Vattenfall was halted due to soaring supply chain costs and rising interest rates. Vattenfall's chief executive Anna Borg said: "It's important to understand that our suppliers are being squeezed. They have problems in their supply chain so it's not so easy to mitigate these situations." The 40% increase in expenses was driven by high global gas prices impacting m
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