Rising Costs Will Keep Offshore Wind Industry From Reaching Goals ...Middle East

The world is far from reaching its offshore wind capacity installation targets amid rising costs and canceled lease sales, analysts and government and industry representatives have told Reuters. Last year, governments set a goal to triple overall renewable energy capacity by 2030. Currently, the world is off track to reach these goals, and much of the shortfall could be in the offshore wind energy sector, where expensive projects have become even more expensive over the past two years. To help triple renewable capacity, offshore wind capacity needs…

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