Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
AP: Siemens Gamesa scraps plans to build blades for offshore wind turbines on Virginia's coast
Siemens Gamesa scraps plans to build blades for offshore wind turbines on Virginia’s coastBY BEN FINLEY
Updated 4:02 PM EST, November 10, 2023
NORFOLK, Va. (AP) — A European company has canceled plans to build blades for offshore wind turbines in coastal Virginia, the latest sign of struggle within the U.S.'s nascent industry.
Siemens Gamesa confirmed the cancellation in a statement Friday. The company’s proposed $200 million factory at the Port of Virginia in Portsmouth would have created more than 300 jobs and aided the state in its aspirations to become a hub for offshore wind projects as part of the nation’s efforts to tackle climate change.
The change in plans by the Spain-based firm comes at a time when inflation, raised interest rates and supply chain issues have cut into the profitability — and even the viability — of some offshore wind projects in the U.S.
For example, Danish energy developer Orsted recently scrapped two large offshore wind power projects off the coast of New Jersey, citing supply chain issues and rising interest rates.
…
🤦Updated 4:02 PM EST, November 10, 2023
NORFOLK, Va. (AP) — A European company has canceled plans to build blades for offshore wind turbines in coastal Virginia, the latest sign of struggle within the U.S.'s nascent industry.
Siemens Gamesa confirmed the cancellation in a statement Friday. The company’s proposed $200 million factory at the Port of Virginia in Portsmouth would have created more than 300 jobs and aided the state in its aspirations to become a hub for offshore wind projects as part of the nation’s efforts to tackle climate change.
The change in plans by the Spain-based firm comes at a time when inflation, raised interest rates and supply chain issues have cut into the profitability — and even the viability — of some offshore wind projects in the U.S.
For example, Danish energy developer Orsted recently scrapped two large offshore wind power projects off the coast of New Jersey, citing supply chain issues and rising interest rates.
…
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
