BP Says US Offshore Wind Industry Fundamentally Broken
- Cost pressures and permitting delays require reset: Dotzenrath
- BP is among companies to post impairments on US wind projects
This article is for subscribers only.
The US offshore wind industry is “fundamentally broken” due to cost pressures and permitting delays, according to a top executive at BP Plc.
“There’s a fundamental reset needed,” but issues can be fixed, Anja-Isabel Dotzenrath, BP’s head of gas and low-carbon energy, said Wednesday at an FT conference in London.