Communities • Giant windfarm off Norfolk coast halted due to spiralling costs

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The Guardian

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Giant windfarm off Norfolk coast halted due to spiralling costs

news.movim.eu / TheGuardian · Thursday, 20 July, 2023 - 12:25

Swedish energy giant Vattenfall says costs have climbed 40% due to rise in global gas prices

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The government’s green energy ambitions have been dealt a blow after plans for a giant offshore windfarm off the Norfolk coast ground to a halt due to spiralling supply chain costs and rising interest rates.

The Swedish energy giant Vattenfall said it would stop work on the multibillion pound Norfolk Boreas windfarm, designed to power the equivalent of 1.5m British homes, because it was no longer profitable.

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