{"id":365462,"date":"2025-02-08T19:23:24","date_gmt":"2025-02-08T18:23:24","guid":{"rendered":"https:\/\/climatescience.press\/?p=365462"},"modified":"2025-02-08T19:23:25","modified_gmt":"2025-02-08T18:23:25","slug":"where-will-miliband-get-his-offshore-wind-farms-from","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=365462","title":{"rendered":"Where Will Miliband Get His Offshore Wind Farms\u00a0From?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"452\" data-attachment-id=\"365467\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=365467\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1242%2C776&amp;ssl=1\" data-orig-size=\"1242,776\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0,182bf52e27f8f25d283b019fd458f84e\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=723%2C452&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?resize=723%2C452&#038;ssl=1\" alt=\"\" class=\"wp-image-365467\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?resize=1024%2C640&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?resize=300%2C187&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?resize=768%2C480&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?resize=1200%2C750&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?w=1242&amp;ssl=1 1242w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/notalotofpeopleknowthat.wordpress.com\/2025\/02\/07\/where-will-miliband-get-his-offshore-wind-farms-from\/\">NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Paul Homewood<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"370\" data-attachment-id=\"365463\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=365463\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?fit=1005%2C515&amp;ssl=1\" data-orig-size=\"1005,515\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?fit=723%2C370&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?resize=723%2C370&#038;ssl=1\" alt=\"\" class=\"wp-image-365463\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?w=1005&amp;ssl=1 1005w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?resize=300%2C154&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-108.png?resize=768%2C394&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.neso.energy\/publications\/clean-power-2030\">https:\/\/www.neso.energy\/publications\/clean-power-2030<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>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.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As NESO\u2019s Clean Power 2030 makes clear, we will need to increase offshore wind power from 14.7 GW to 50.6 GW by 2030:<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"305\" data-attachment-id=\"365465\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=365465\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?fit=1024%2C432&amp;ssl=1\" data-orig-size=\"1024,432\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?fit=723%2C305&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?resize=723%2C305&#038;ssl=1\" alt=\"\" class=\"wp-image-365465\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?resize=300%2C127&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/image-109.png?resize=768%2C324&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.neso.energy\/publications\/clean-power-2030\">https:\/\/www.neso.energy\/publications\/clean-power-2030<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Assuming Orsted do pull out of Hornsea 4, there is about 12 GW of new build offshore wind capacity due on stream, which already have CfDs. That takes us to about 27 GW.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">East Anglia 2, which along with Hornsea 4, won contracts in last year\u2019s AR6 CfD auction, is targeted to come on stream in 2028\/29. It is therefore likely that if projects do not get CfDs this year will not be ready by 2030 anyway.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But more to the point, are we honestly going to find anyone prepared to build another 23 GW in the next five years?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":121246920,"featured_media":365467,"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":[691831484,691833123,691820753,691821274],"class_list":{"0":"post-365462","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-energy-secretary-ed-miliband","9":"tag-hornsea-4","10":"tag-orsted","11":"tag-vattenfall","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0182bf52e27f8f25d283b019fd458f84e.jpeg?fit=1242%2C776&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1x4y","jetpack-related-posts":[{"id":425167,"url":"https:\/\/climatescience.press\/?p=425167","url_meta":{"origin":365462,"position":0},"title":"Energy giant revives wind farm after Miliband\u2019s \u00a31.8bn subsidy blitz","author":"uwe.roland.gross","date":"08\/02\/2026","format":false,"excerpt":"\u00d8rsted, the Danish energy company and world's largest offshore wind developer, refers to a recent announcement to revive its Hornsea 4 project in the North Sea. This comes after UK Energy Secretary Ed Miliband (under the Labour government) rolled out a major subsidy package in January 2026 via the Contracts\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/02\/AQOk3_UEEODnDKNuFlAUAJkaWl9VdV05X5lzVS0Cm7oIb156LLN-fG2n8aZGcE8D-uYCw-JZm-IzkxK-RTvpyZRRMz7GK6Q5moyXxEkJAv7c3V3IxlxaK_gF-jA912n4.jpeg?fit=1200%2C697&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":268853,"url":"https:\/\/climatescience.press\/?p=268853","url_meta":{"origin":365462,"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":378010,"url":"https:\/\/climatescience.press\/?p=378010","url_meta":{"origin":365462,"position":2},"title":"Miliband plots surge in wind farm subsidies to rescue net\u00a0zero","author":"uwe.roland.gross","date":"12\/05\/2025","format":false,"excerpt":"As we know, Orsted cancelled their massive Hornsea 4 offshore wind farm the other day. This has left Mad Miliband\u2019s 2030 Clean Power policy in tatters.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/05\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":292211,"url":"https:\/\/climatescience.press\/?p=292211","url_meta":{"origin":365462,"position":3},"title":"Orsted Will Switch Part Of Hornsea 3 To Round\u00a06","author":"uwe.roland.gross","date":"21\/12\/2023","format":false,"excerpt":"\u00d8rsted has taken final investment decision (FID) on the world\u2019s single largest offshore wind farm, Hornsea 3, which will have a capacity of 2.9 GW and is expected to be completed around the end of 2027. Hornsea 3 will be \u00d8rsted\u2019s third gigawatt-scale project in the Hornsea zone following Hornsea\u2026","rel":"","context":"In \"\u00d8rsted\"","block_context":{"text":"\u00d8rsted","link":"https:\/\/climatescience.press\/?tag=orsted-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Wind-Farm-1536x1024-1.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":405347,"url":"https:\/\/climatescience.press\/?p=405347","url_meta":{"origin":365462,"position":4},"title":"The Cost Of\u00a0Davey","author":"uwe.roland.gross","date":"27\/09\/2025","format":false,"excerpt":"A major UK offshore windfarm has received a staggering \u00a32 billion of subsidy payments in just six years. Hornsea 1, sited in the North Sea, was one of the windfarms awarded contracts in 2014 by then Energy Secretary Ed Davey.","rel":"","context":"In \"Contracts for Difference (CfD)\"","block_context":{"text":"Contracts for Difference (CfD)","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference-cfd"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMOwAK-ZyBxmofc0i-gmdXPiD43qTjtP8EvlJ2dQ1PWGRn-C-1X91qDo8ZZpXIoqduP-u57ZSIjkJFYhjnCUONmqQFBpgtLhPEUDXtRLqxY8pkmVISrwASAZ6iPysuCFg86vDNuQsWD-vTcmLBez6uQtHet-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMOwAK-ZyBxmofc0i-gmdXPiD43qTjtP8EvlJ2dQ1PWGRn-C-1X91qDo8ZZpXIoqduP-u57ZSIjkJFYhjnCUONmqQFBpgtLhPEUDXtRLqxY8pkmVISrwASAZ6iPysuCFg86vDNuQsWD-vTcmLBez6uQtHet-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMOwAK-ZyBxmofc0i-gmdXPiD43qTjtP8EvlJ2dQ1PWGRn-C-1X91qDo8ZZpXIoqduP-u57ZSIjkJFYhjnCUONmqQFBpgtLhPEUDXtRLqxY8pkmVISrwASAZ6iPysuCFg86vDNuQsWD-vTcmLBez6uQtHet-1.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMOwAK-ZyBxmofc0i-gmdXPiD43qTjtP8EvlJ2dQ1PWGRn-C-1X91qDo8ZZpXIoqduP-u57ZSIjkJFYhjnCUONmqQFBpgtLhPEUDXtRLqxY8pkmVISrwASAZ6iPysuCFg86vDNuQsWD-vTcmLBez6uQtHet-1.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMOwAK-ZyBxmofc0i-gmdXPiD43qTjtP8EvlJ2dQ1PWGRn-C-1X91qDo8ZZpXIoqduP-u57ZSIjkJFYhjnCUONmqQFBpgtLhPEUDXtRLqxY8pkmVISrwASAZ6iPysuCFg86vDNuQsWD-vTcmLBez6uQtHet-1.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":365373,"url":"https:\/\/climatescience.press\/?p=365373","url_meta":{"origin":365462,"position":5},"title":"Orsted Likely to Cancel Hornsea\u00a0Four","author":"uwe.roland.gross","date":"07\/02\/2025","format":false,"excerpt":"Orsted, the Danish owned wind power company, has been in deep trouble for a while now, as the combination of rising costs, the end of cheap money and shrinking subsidies have wrecked profitability.","rel":"","context":"In \"\u00d8rsted\"","block_context":{"text":"\u00d8rsted","link":"https:\/\/climatescience.press\/?tag=orsted-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/01_Hornsea-Project-Four.webp?fit=1024%2C538&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/01_Hornsea-Project-Four.webp?fit=1024%2C538&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/01_Hornsea-Project-Four.webp?fit=1024%2C538&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/01_Hornsea-Project-Four.webp?fit=1024%2C538&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/365462","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=365462"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/365462\/revisions"}],"predecessor-version":[{"id":365469,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/365462\/revisions\/365469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/365467"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=365462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=365462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=365462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}