Vattenfall: Large-scale UK offshore wind project halted
Swedish giant Vattenfall is pulling the plug on development of the Norfolk Boreas offshore wind project in the UK due to rising costs, undermining the UK’s renewable energy ambitions. Difficult market conditions, including a stressed supply chain and inadequate tax frameworks, are prompting the Group to reassess its wind power projects in the Norfolk region.
| Countries | Royaume-Uni |
|---|---|
| Companies | Vattenfall |
| Sector | Énergie Éolienne, Offshore |
| Theme | Marchés & Finance, Résultat |
Swedish electricity group Vattenfall is halting development of one of the UK’s largest offshore wind projects because of soaring costs, dealing a blow to the UK’s renewable energy ambitions.
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