US Offshore Wind Costs to Moderate Over Time, Orsted Says
The Block Island Wind Farm near Block Island, Rhode Island.
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Surging price tags to build US offshore wind projects have been driven by swollen borrowing costs, the head of Orsted A/S’s Americas business said during an appearance on Bloomberg Television.
Those costs — which are passed on to ratepayers — will moderate as the industry matures, Orsted Group Executive Vice President David Hardy said on Tuesday.