{"id":408791,"date":"2025-10-17T17:07:57","date_gmt":"2025-10-17T15:07:57","guid":{"rendered":"https:\/\/climatescience.press\/?p=408791"},"modified":"2025-10-17T17:07:59","modified_gmt":"2025-10-17T15:07:59","slug":"how-global-offshore-wind-is-battling-a-perfect-storm-of-challenges","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=408791","title":{"rendered":"How Global Offshore Wind Is Battling a Perfect Storm of Challenges"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"408794\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=408794\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1280%2C1280&amp;ssl=1\" data-orig-size=\"1280,1280\" 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=\"AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=723%2C723&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=723%2C723&#038;ssl=1\" alt=\"A series of offshore wind turbines standing on platforms in a stormy sea, with gray sky and rough waves.\" class=\"wp-image-408794\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=1024%2C1024&amp;ssl=1 1024w, 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https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?resize=550%2C550&amp;ssl=1 550w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?w=1280&amp;ssl=1 1280w\" 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:\/\/oilprice.com\/Energy\/Energy-General\/How-Global-Offshore-Wind-Is-Battling-a-Perfect-Storm-of-Challenges.html\">OilPrice.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By\u00a0<a href=\"https:\/\/oilprice.com\/contributors\/Alex-Kimani\/\">Alex Kimani<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"408796\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=408796\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?fit=1024%2C1024&amp;ssl=1\" data-orig-size=\"1024,1024\" 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=\"OIG2.s\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?fit=723%2C723&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=723%2C723&#038;ssl=1\" alt=\"Offshore wind turbines on floating platforms in a serene ocean setting, with birds flying in a clear blue sky.\" class=\"wp-image-408796\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG2.s.jpeg?resize=550%2C550&amp;ssl=1 550w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The global offshore wind industry is struggling with rising costs, policy instability, and supply chain disruptions.<\/li>\n\n\n\n<li>Shell and Equinor have pulled out of key offshore wind and hydrogen ventures, including projects in Vietnam and Norway.<\/li>\n\n\n\n<li>U.S. offshore wind faces deeper trouble after the Trump administration canceled nearly $700 million in project funding.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Over the past couple of years, the global offshore wind sector has been facing growing pains, with supply chain constraints, policy volatility, and economic headwinds threatening a power segment that has been slated to become the most dominant wind energy source in many regions. These challenges are increasingly forcing companies in the space to abandon projects and undergo strategic restructuring as the momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes. To wit, last year,\u00a0<strong>Shell Plc<\/strong>\u00a0(NYSE: SHEL)\u00a0<a href=\"https:\/\/www.offshorewind.biz\/2024\/12\/05\/shell-halts-investments-in-new-offshore-wind-projects-partners-with-equinor-to-create-uks-largest-independent-oil-gas-company\/\" target=\"_blank\" rel=\"noreferrer noopener\">announced plans\u00a0<\/a>to cease new offshore wind investments and split its power division as CEO Wael Sawan looks to boost the company\u2019s profitability. Shell appears to be systematically scaling back its clean energy investments: Earlier in the year, the company\u00a0<a href=\"https:\/\/www.reuters.com\/business\/energy\/shell-shelves-norway-hydrogen-project-due-lack-demand-2024-09-23\/\" target=\"_blank\" rel=\"noreferrer noopener\">also ditched plans<\/a>\u00a0to build a low-carbon hydrogen plant on Norway&#8217;s west coast due to a lack of demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier in the same year, Norway&#8217;s state-controlled energy giant\u00a0<strong>Equinor ASA\u00a0<\/strong>(NYSE: EQNR)\u00a0<a href=\"https:\/\/www.reuters.com\/business\/energy\/equinor-halts-vietnam-offshore-wind-plans-close-hanoi-office-2024-08-23\/\" target=\"_blank\" rel=\"noreferrer noopener\">abandoned<\/a>\u00a0plans to invest in Vietnam&#8217;s offshore wind sector, dealing a significant blow to the country&#8217;s green energy ambitions. According to the World Bank, over the past couple of years, Vietnam has attracted plenty of interest in its clean energy sector thanks to the country\u2019s strong winds in shallow waters near coastal, densely populated areas. Unfortunately, recent political turbulence in the country has paralyzed regulatory reforms and discouraged investors. That marked the first time Equinor had abandoned offshore wind development; in contrast, the company had previously exited more than a dozen fossil fuel projects to focus on renewables and low-carbon systems. Back in 2023, Danish offshore wind giant\u00a0<strong>\u00d8rsted A\/S\u00a0<\/strong>(OTCPK: DNNGY) paused its multi-gigawatt offshore wind plans in Vietnam, citing issues with the &#8220;route to market,&#8221; business ethics, and a lack of a comprehensive legal framework for the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/North-Sea-Oil-Booming-in-Norway-and-Doomed-in-the-UK.html\" target=\"_blank\" rel=\"noreferrer noopener\">Related: North Sea Oil: Booming in Norway and Doomed in the UK<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, the offshore wind sector woes appear to be going nowhere. Back in July, \u00d8rsted&nbsp;<a href=\"https:\/\/www.renewable-energy-industry.com\/news\/world\/article-6976\" target=\"_blank\" rel=\"noreferrer noopener\">paid<\/a>&nbsp;$110 million to Danish offshore wind services provider&nbsp;<strong>Cadeler<\/strong>&nbsp;(NYSE:CDLR) as compensation for the cancellation of the construction of a wind turbine installation vessel (WTIV) for the 2.4 GW Hornsea 4 offshore wind farm in the UK. In May, \u00d8rsted announced the cancellation of the project, citing higher rates, rising supply chain costs and increased construction risks as some of the challenges. \u00d8rsted was among the developers<a href=\"https:\/\/www.offshorewind.biz\/2024\/09\/03\/5-3-gw-of-uk-offshore-wind-projects-secure-contracts-for-difference\/\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;who were awarded contracts<\/a>&nbsp;in the UK\u2019s Allocation Round 6 (AR6) in 2024 that procured 9.6 GW of clean energy capacity from offshore and onshore wind and solar energy. AR6 marked a major improvement from AR5, which failed to secure any new offshore wind projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On a brighter note, Cadeler\u2019s short-term financials will receive a boost from the receipt of the termination compensation, with the company recently upgrading its full-year 2025 revenue to the range of EUR 588 million to EUR 628 million, up from EUR 485 million to EUR 525 million, while the EBITDA forecast for 2025 is expected to clock in at EUR 381\u2013421 million, up from EUR 278\u2013318 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Singapore\u2019s\u00a0<strong>Seatrium Ltd\u00a0<\/strong>(OTCPK: SMBMF)\u00a0<a href=\"https:\/\/www.bairdmaritime.com\/offshore\/exploration-development\/offshore-construction\/maersk-offshore-wind-issues-termination-of-installation-vessel-contract-with-singapore-builder\" target=\"_blank\" rel=\"noreferrer noopener\">recently received<\/a>\u00a0a notice of the termination of a WTIV contract by Maersk Offshore Wind valued at $475 million. Seatrium had secured the contract in 2022 while still operating as Sembcorp Marine, before it merged with Keppel Offshore and Marine in 2023 in a $3.34 billion deal. Maersk says it will try and recover monies already paid to Seatrium, adding that it will not accept delivery of the unit due to delays in the construction schedule despite the project being ~ 98.9%. Seatrium shares have tanked nearly 15% after the announcement of the Maersk decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Maersk&#8217;s cancellation of the Seatrium deal could signal that it\u2019s abandoning the offshore wind business, which says something considering the startling fall of its core container shipping business. Earlier this month, Reuters&nbsp;<a href=\"https:\/\/www.reuters.com\/world\/china\/falling-ocean-shipping-rates-put-carrier-profits-risk-analysts-say-2025-10-03\/\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a>&nbsp;that container shipping rates for the busy Shanghai to Los Angeles route have declined by nearly 60%, meaning the company is likely receiving below $2,200 per container it requires to break even.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, the U.S. offshore wind sector could fare worse than its European peers thanks to policy headwinds by the Trump administration. Trump&nbsp;<a href=\"https:\/\/www.npr.org\/2025\/08\/31\/nx-s1-5522943\/trump-offshore-wind-energy-ports\" target=\"_blank\" rel=\"noreferrer noopener\">has cancelled<\/a>&nbsp;~$679 million in U.S. offshore wind project funding, stifling growth and development of the nascent sector. In contrast, WindEurope recently reported it built&nbsp;<a href=\"https:\/\/windeurope.org\/windeurope-bulletin\/september-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">6.8 GW of wind power across Europe<\/a>&nbsp;in the first half of 2025, comprising 6 GW onshore and 0.7 GW offshore. Europe is, by far, the biggest offshore wind market in the world, commanding 92% of the floating offshore wind market. However, Asia-Pacific is enjoying the fastest growth, with the region projected to expand at a torrid 156% CAGR through 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/oilprice.com\/contributors\/Alex-Kimani\/\">Alex Kimani<\/a> is a veteran finance writer, investor, engineer and researcher for Safehaven.com.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>By Alex Kimani for Oilprice.com<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"408798\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=408798\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&amp;ssl=1\" data-orig-size=\"1024,1024\" 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=\"OIG &amp;#8211; 2023-11-13T120832.243\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?fit=723%2C723&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=723%2C723&#038;ssl=1\" alt=\"A large offshore wind turbine lies partially submerged on a beach, with water splashing around its base and a dramatic sky in the background.\" class=\"wp-image-408798\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/OIG-2023-11-13T120832.243.jpeg?resize=550%2C550&amp;ssl=1 550w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past couple of years, the global offshore wind sector has been facing growing pains, with supply chain constraints, policy volatility, and economic headwinds threatening a power segment that has been slated to become the most dominant wind energy source in many regions. These challenges are increasingly forcing companies in the space to abandon projects and undergo strategic restructuring as the momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes.<\/p>\n","protected":false},"author":121246920,"featured_media":408794,"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":"Offshore Wind Industry Faces Major Challenges in 2025","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":false,"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":[691822437,691838910,691818118,691838912,691822570,691838911,691833487],"class_list":{"0":"post-408791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-orsted-2","9":"tag-global-offshore-wind-industry","10":"tag-green-energy","11":"tag-project-funding","12":"tag-rising-costs","13":"tag-shell-and-equinor","14":"tag-us-president-donald-j-trump","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/10\/AQMMGwgtz4oxPzExfw-qW-tWKKiYB7L18bLGTtpgd7Fb7JGRpzzTAAsfkS_k0giJg8a8pR1wUFBgea2fH_u4U3BWXO7TdpjD-seGribej2lrjHb-M6KT_zh_Tg04KW_fsxSlJG68wiFE6Ayb8FZLXAA3Q64iiQ.jpeg?fit=1280%2C1280&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1Ilp","jetpack-related-posts":[{"id":358413,"url":"https:\/\/climatescience.press\/?p=358413","url_meta":{"origin":408791,"position":0},"title":"Vineyard Offshore Halts Major Wind Project Amid Economic and Policy Challenges","author":"uwe.roland.gross","date":"23\/12\/2024","format":false,"excerpt":"The offshore wind industry faced another setback as Vineyard Offshore announced the withdrawal of an 800 MW wind energy project from Massachusetts\u2019 procurement process. The decision follows Connecticut\u2019s refusal to participate in a tri-state wind energy agreement, leaving Vineyard unable to secure contracts for the full 1,200 MW Vineyard Wind\u2026","rel":"","context":"In \"financial realities\"","block_context":{"text":"financial realities","link":"https:\/\/climatescience.press\/?tag=financial-realities"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/12\/zScreenshot-2023-11-03-111148-1024x611-1.webp?fit=1024%2C611&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":280318,"url":"https:\/\/climatescience.press\/?p=280318","url_meta":{"origin":408791,"position":1},"title":"Subsea cable failures could derail offshore wind ambitions \u2013 insurance costs \u2018becoming prohibitive\u2019","author":"uwe.roland.gross","date":"25\/09\/2023","format":false,"excerpt":"Another blow for net-zero dogmatists. More evidence that cheap offshore wind power doesn\u2019t exist and nobody can control its costs, or be sure of a good level of reliability.","rel":"","context":"In \"Energy Transition\"","block_context":{"text":"Energy Transition","link":"https:\/\/climatescience.press\/?tag=energy-transition"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0subsea-cables.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0subsea-cables.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0subsea-cables.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0subsea-cables.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, 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Energy","link":"https:\/\/climatescience.press\/?tag=green-energy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/OIG-2023-11-13T120827.507.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/OIG-2023-11-13T120827.507.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/OIG-2023-11-13T120827.507.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/04\/OIG-2023-11-13T120827.507.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":331772,"url":"https:\/\/climatescience.press\/?p=331772","url_meta":{"origin":408791,"position":3},"title":"The renewable green energy disaster off the northeastern US is getting worse","author":"uwe.roland.gross","date":"06\/06\/2024","format":false,"excerpt":"Less than one per cent of the way to the Biden 2030 target","rel":"","context":"In \"energy crisis\"","block_context":{"text":"energy crisis","link":"https:\/\/climatescience.press\/?tag=energy-crisis"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00-wind-turbine-catches-fire.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00-wind-turbine-catches-fire.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00-wind-turbine-catches-fire.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00-wind-turbine-catches-fire.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00-wind-turbine-catches-fire.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":389961,"url":"https:\/\/climatescience.press\/?p=389961","url_meta":{"origin":408791,"position":4},"title":"More Evidence of a Global Offshore Wind Project Collapse","author":"uwe.roland.gross","date":"20\/07\/2025","format":false,"excerpt":"The Aussie Government is worried it might have to pay for Australia\u2019s own commercially unviable renewable projects, after President Trump pulled US support.","rel":"","context":"In \"Australia\"","block_context":{"text":"Australia","link":"https:\/\/climatescience.press\/?tag=australia"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":287799,"url":"https:\/\/climatescience.press\/?p=287799","url_meta":{"origin":408791,"position":5},"title":"Siemens Cancel Virginia Wind Blade\u00a0Factory","author":"uwe.roland.gross","date":"13\/11\/2023","format":false,"excerpt":"'Development milestones could not be met,' company says. Siemens-Gamesa-to-Double-Hull-Blade-Facility BY\u00a0KATE ANDREWS\u00a0\/\u00a0ROBYN SIDERSKY Amid failing turbine components and financial challenges, Siemens Gamesa Renewable Energy said Friday it has \u201cdiscontinued\u201d its plans to build\u00a0the nation\u2019s first offshore wind-turbine blade manufacturing facility\u00a0at the Port of Virginia\u2019s Portsmouth Marine Terminal. \u201cSiemens Gamesa will continue\u2026","rel":"","context":"In \"$200 million project\"","block_context":{"text":"$200 million project","link":"https:\/\/climatescience.press\/?tag=200-million-project"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/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\/2023\/11\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/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\/2023\/11\/OIG-2023-11-13T120832.243.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/408791","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=408791"}],"version-history":[{"count":6,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/408791\/revisions"}],"predecessor-version":[{"id":408800,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/408791\/revisions\/408800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/408794"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=408791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=408791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=408791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}