Climate Changed
Offshore Wind Gets a Warning From Its Biggest Developer
- Danish wind farm builder overestimated time turbines can spin
- Cost of technology has plunged, boosting pace of installations
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The world’s biggest developer of offshore wind farms issued a reality check to the industry, saying it has overestimated the amount of time its turbines are generating electricity.
Copenhagen-based Orsted A/S announced that offshore wind farms wouldn’t produce quite as much power as previously forecast. The adjustment could shave millions of dollars of revenue a year off each project. It’s also a warning to other developers who may have used similar analysis to estimate the economics of their projects.