Tuesday 14 March 2023

More countries than ever before are planning their first offshore wind lease rounds in 2023. That is according to the Q1 2023 edition of 4C Offshore's Global Market Overview.

However, while governments are racing to take those initial steps, project development and Final Investment Decision (FID) delays are putting the brakes on offshore wind build-out in the short term. Bottlenecks such as slow permitting, delays in offtake auctions, supply chain issues, and extended negotiations with the supply chain due to price uncertainties continue to throttle progress.

Full story here.