{"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":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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":{"0":"post-269339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-climate-targets","9":"tag-germany","10":"tag-net-zero","11":"tag-uk","12":"tag-vattenfall","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"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","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":"16\/03\/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":"22\/07\/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":"04\/05\/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, 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