{"id":269339,"date":"2023-07-25T13:53:29","date_gmt":"2023-07-25T11:53:29","guid":{"rendered":"https:\/\/climatescience.press\/?p=269339"},"modified":"2023-07-25T13:53:32","modified_gmt":"2023-07-25T11:53:32","slug":"energy-giant-vattenfall-puts-gigantic-offshore-wind-project-on-ice-threatening-uk-climate-targets","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=269339","title":{"rendered":"Energy Giant Vattenfall Puts Gigantic Offshore Wind Project On Ice, \u201cThreatening UK Climate Targets\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NoTricksZone<\/a><\/p>\n\n\n\n

By\u00a0P Gosselin<\/a>\u00a0on\u00a0<\/em>23. July 2023<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As Europe adventurously moves to wean itself off fossil fuels, more and more plans are being made to fill the electricity supply gap with wind energy.<\/strong><\/p>\n\n\n\n

But one major UK wind project illustrates how they are economically risky as the economy teeters.<\/strong><\/p>\n\n\n\n

\"\"
Symbol photo. Image: P. Gosselin<\/em><\/figcaption><\/figure>\n\n\n\n

Blackout News here reports<\/a>\u00a0that Swedish energy giant Vattenfall \u201chas halted a gigantic offshore wind project, one that would supply electricity to 1.5 million households if built.<\/p>\n\n\n\n

Blackout News calls the decision to halt the 1.4 gigawatt capacity Norfolk Boreas \u201csurprising\u201d.<\/p>\n\n\n\n

\u201cVattenfall\u2019s decision to halt work on the wind farm has significant financial consequences,\u201d reports Blackout News. It means a 537 million dollar loss.\u00a0 \u201cVattenfall\u2019s strategy reorientation threatens UK climate targets.\u201d<\/p>\n\n\n\n

According to sources, experts are warning of \u201csharply increased project costs, inflation and rising interest rates\u201d and the project developers are calling for \u201ctargeted support\u201d.<\/p>\n\n\n\n

The UK government aims to increase its offshore wind capacity from 14GW to 50 GW, so Vattenfall\u2019s move is a major blow to the UK\u2019s energy future.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

German electricity prices to high for industry<\/strong><\/h3>\n\n\n\n

Uncertainty has also hit the German automobile sector, in large part due to sky-high energy prices. In another\u00a0Blackout News report here<\/a>, VW head Oliver Blume thinks building a large new battery factory in Germany is more difficult because of the high electricity prices, which are far above the 7 cents per kilowatt-hour the VW head says is needed.<\/p>\n\n\n\n

\u201cThe production of battery cells is energy-intensive, Blume stressed. Price guarantees and the level of electricity prices are therefore very important. Regulatory processing and subsidies also play a role in the choice of location,\u201d writes Blackout News<\/p>\n\n\n\n

\u201cI have experienced these aspects very positively in North America,\u201d Blume told the two German newspapers.<\/p>\n\n\n\n

Under the bottom line, the German government isn\u2019t really deindustrializing, but rather is forcing German companies to move its industry out of the country using hostile policy. <\/em><\/strong><\/p>\n\n\n\n

Germany faces a state of permanent economic recession.<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As Europe adventurously moves to wean itself off fossil fuels, more and more plans are being made to fill the electricity supply gap with wind energy.<\/p>\n","protected":false},"author":121246920,"featured_media":269345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691819809,691818051,691818154,691818248,691821274],"class_list":["post-269339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-climate-targets","tag-germany","tag-net-zero","tag-uk","tag-vattenfall","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-184b","jetpack-related-posts":[{"id":309132,"url":"https:\/\/climatescience.press\/?p=309132","url_meta":{"origin":269339,"position":0},"title":"Vattenfall Ditches Project to Produce Hydrogen From Offshore Wind","author":"uwe.roland.gross","date":"03\/16\/2024","format":false,"excerpt":"Swedish utility Vattenfall\u00a0is scrapping\u00a0a project to explore the possibilities of hydrogen production on offshore wind farms and transportation to shore, nearly two years after it began.?","rel":"","context":"In \"European Offshore Wind Development Centre\"","block_context":{"text":"European Offshore Wind Development Centre","link":"https:\/\/climatescience.press\/?tag=european-offshore-wind-development-centre"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0Lhyfe_Sealhyfe-offshore-hydrogen-production-platform-and-Floatgen-floating-wind-turbine.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0Lhyfe_Sealhyfe-offshore-hydrogen-production-platform-and-Floatgen-floating-wind-turbine.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0Lhyfe_Sealhyfe-offshore-hydrogen-production-platform-and-Floatgen-floating-wind-turbine.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0Lhyfe_Sealhyfe-offshore-hydrogen-production-platform-and-Floatgen-floating-wind-turbine.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0Lhyfe_Sealhyfe-offshore-hydrogen-production-platform-and-Floatgen-floating-wind-turbine.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":268853,"url":"https:\/\/climatescience.press\/?p=268853","url_meta":{"origin":269339,"position":1},"title":"Vattenfall Pull Boreas Offshore Wind Farm-Not Economically\u00a0Viable","author":"uwe.roland.gross","date":"07\/22\/2023","format":false,"excerpt":"Orsted and Vattenfall contracts in Allocation Round 4, at \u00a337.35\/MWh, amount to about 4.3 GW, so will take a huge chunk out of the total of 7 GW awarded for offshore wind. The question is whether the government will now blink and offer fresh subsidies?","rel":"","context":"In \"Boreas Offshore Wind Farm\"","block_context":{"text":"Boreas Offshore Wind Farm","link":"https:\/\/climatescience.press\/?tag=boreas-offshore-wind-farm"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0unnamed-file-345-1536x1024-1.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0unnamed-file-345-1536x1024-1.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0unnamed-file-345-1536x1024-1.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0unnamed-file-345-1536x1024-1.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0unnamed-file-345-1536x1024-1.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":255943,"url":"https:\/\/climatescience.press\/?p=255943","url_meta":{"origin":269339,"position":2},"title":"Some Elementary Facts about UK Energy Use in 2022","author":"uwe.roland.gross","date":"05\/04\/2023","format":false,"excerpt":"This little piece is addressed to people who won\u2019t see it. I speak of those who are paid to write about energy, but don\u2019t know what it is. It was prompted by a couple of pieces in Norfolk\u2019s local newspaper, the Eastern Daily Press, or rather its web presence.","rel":"","context":"In \"Norfolk Offshore Wind\"","block_context":{"text":"Norfolk Offshore Wind","link":"https:\/\/climatescience.press\/?tag=norfolk-offshore-wind"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/05e6f1c02d741c5c7e8106e70cf3a17a4.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/05e6f1c02d741c5c7e8106e70cf3a17a4.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/05e6f1c02d741c5c7e8106e70cf3a17a4.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/05e6f1c02d741c5c7e8106e70cf3a17a4.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/05e6f1c02d741c5c7e8106e70cf3a17a4.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":275260,"url":"https:\/\/climatescience.press\/?p=275260","url_meta":{"origin":269339,"position":3},"title":"Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects\u00a0Scrapped","author":"uwe.roland.gross","date":"08\/23\/2023","format":false,"excerpt":"The spiralling cost of erecting ever-larger turbines at sea is matched by the spiralling costs of the raw inputs needed for the turbines themselves, which means the offshore wind power bubble has truly burst.","rel":"","context":"In \"Green Energy\"","block_context":{"text":"Green Energy","link":"https:\/\/climatescience.press\/?tag=green-energy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-914.png?fit=1200%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-914.png?fit=1200%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-914.png?fit=1200%2C797&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-914.png?fit=1200%2C797&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-914.png?fit=1200%2C797&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":365462,"url":"https:\/\/climatescience.press\/?p=365462","url_meta":{"origin":269339,"position":4},"title":"Where Will Miliband Get His Offshore Wind Farms\u00a0From?","author":"uwe.roland.gross","date":"02\/08\/2025","format":false,"excerpt":"Yesterday I discussed the likelihood of Orsted pulling out of Hornsea 4, as part of their retrenchment. And with Vattenfall already opposed to joining future CfD auctions, there is now an enormous gap between Miliband\u2019s 2030 plans and reality.","rel":"","context":"In \"Energy Secretary Ed Miliband\"","block_context":{"text":"Energy Secretary Ed Miliband","link":"https:\/\/climatescience.press\/?tag=energy-secretary-ed-miliband"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1200%2C750&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":248021,"url":"https:\/\/climatescience.press\/?p=248021","url_meta":{"origin":269339,"position":5},"title":"Surprise: \u201cCoal Became Most Important Energy Source For Electricity In Germany\u201d In 2022","author":"uwe.roland.gross","date":"03\/16\/2023","format":false,"excerpt":"The more Germany tries to wean itself off fossil fuels, the more it seems to rely on them \u2013 especially coal.\u00a0","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-539.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-539.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-539.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-539.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/image-539.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0Vattenfall-Offshore-Testfeld-30052018.jpg?fit=1920%2C1080&ssl=1","_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/269339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=269339"}],"version-history":[{"count":8,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/269339\/revisions"}],"predecessor-version":[{"id":269352,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/269339\/revisions\/269352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/269345"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=269339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=269339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=269339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}