World’s Largest Offshore Wind Firm Facing Bureaucratic, Financial Headwinds in America
The company’s chief executive tells analysts that it may be forced to abandon its eight nascent projects off the shores of New England, a potential blow to President Biden’s ambitious and costly green energy agenda.
Green energy enthusiasts’ dreams of hundreds of giant windmills off the coasts of the United States took another hit Wednesday when the world’s largest producer of the required turbines reported steep losses and warned of “severe” setbacks in its American operations.
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