Tag Archives: will be unprofitable
World’s Largest Offshore Wind Farm Grossly ‘Unprofitable’, Essentially Worthless
A new report commissioned by the Norwegian government contradicts Boris Johnson’s recent claim in Parliament that offshore wind costs have fallen by 70% in a decade. It confirms that the UK’s newest offshore wind farms remain high-cost operations. Indeed, the academics who produced the report have said the forthcoming Dogger Bank Wind Farm will be unprofitable, and is essentially worthless, with a value of around minus £1 billion in current terms. Remarkably, the findings have not been disputed by the developers. >click to read< 10:27
