Wind energy

Government U-turn ‘puts 80 per cent of offshore wind projects at risk’

Centralised scheme will restrict developers to two sites for offshore projects, with industry sources saying 50 projects comprising 80,000 MW of offshore wind capacity are at risk

Industry sources said that the recent policy change by the government regarding offshore wind projects will damage efforts to secure investment in the sector

More than 80 per cent of the offshore wind projects in the planning pipeline are at risk following a government policy U-turn that has left developers “angry and frustrated”, the Business Post has learned.

The move has been described as a “major shock” by industry sources, who claim it seriously threatens the government’s own targets to increase offshore wind capacity by 2030.

The government has set a target of 5,000 megawatts (MW) of offshore wind ...