Why US offshore wind power is struggling - the good, the bad and the opportunity

Boston MA (SPX) May 10, 2024

America's first large-scale offshore wind farms began sending power to the Northeast in early 2024, but a wave of wind farm project cancellations and rising costs have left many people with doubts about the industry's future in the U.S. Several big hitters, including Orsted, Equinor, BP and Avangrid, have canceled contracts or sought to renegotiate them in recent months. Pulling out meant