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Reuters

Global offshore wind industry poised to miss big targets as obstacles mount

Reuters
Summary
Nutrition label

79% Informative

Offshore wind farms now have a global average cost of $ 230 per megawatt-hour (MWh) up 30% to 40% in the past two years .

Costs, project delays and limited supply chain investment are hobbling installations.

The technology forms a big part of government strategies to advance renewable energy and decarbonize the global power industry.

China became the global leader in offshore wind in 2022 .

Beijing has supercharged its industry with subsidies and low financing costs.

Most of the sector's players are state-owned, and have access to locally-made offshore wind components.

Japan has set ambitions of building up to 45 GW of offshore wind capacity by 2040 .

VR Score

91

Informative language

97

Neutral language

56

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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