Europe Is Reaching a Limit to Its Wind Power Expansion
- Investors are shunning markets with too much green power
- Power consumption needs to match better with wind supply
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Europe is starting to find the limit of a decades-long boom in offshore wind.
It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.