The company cited 'supply chain bottlenecks impacting our long-term capital investments' as a reason for the move.
"Macroeconomic factors have changed dramatically over a short period of time, with high inflation, rising interest rates, and supply chain bottlenecks impacting our long-term capital investments," said David Hardy, Ørsted's Americas CEO.Thought bubble,: This is perhaps the starkest evidence yet of economic hurdles undercutting White House hopes for a major U.S. offshore wind buildout.
The tech has potential to play a role cutting U.S. emissions, but a combination of interest rates, inflation, supply chain challenges and more are slowing offshore wind down even as several projects move forwardØrsted will proceed with its Revolution Wind project in Connecticut and Rhode Island, per a company statement.Share on linkedin
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