Offshore Wind’s Carbon-Cutting Ambition Imperiled by Ship Shortage

By Josh Saul (Bloomberg) —

A shortage of the big boats capable of installing wind turbine foundations on the ocean floor threatens to delay new projects as soon as next year, according to a new report from BloombergNEF. 

The lack of ships may start to slow development of offshore wind farms in China starting in 2024 and could stunt new projects in the rest of the world beginning in 2027, according to BNEF. At stake are more than 35 gigawatts of electricity generation, enough to power well over 10 million homes.  

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