RWE Sees Climate Goals at Risk as Global Wind Power in Crisis
- Project cancellations in US and Europe are “worst case”: CEO
- Energy firm says supply chain tensions are pushing up prices
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Progress on protecting the climate could be at stake if the difficulties facing the offshore wind industry persist, RWE AG’s head Markus Krebber said.
In recent weeks, projects under development in the UK and the USA have been halted on soaring costs, even as demand for renewable energy soars. Krebber called it a “challenging phase,” and said inflation and strained supply chains are causing prices for offshore turbines to rise significantly.