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Value chain bottlenecks drive demand for larger companies Announced wind capacity has never been higher, yet the industry is facing significant headwinds CADELER ✓ ENETI Wind sector faces supply chain crunch this decade, industry body warns Sustained demand for key components likely to lead to shortages, says Global Wind Energy Council Orsted Ready to Abandon US Wind Projects as It Asks for Help ■'We are still upholding a real option to walk away,' CEO says ■Danish developer's shares have plunged about 37% this year Climate & Energy | Grid & Infrastructure | Climate Change | Wind | Clean Energy US offshore wind projects facing inflation headwinds Reuters September 11, 2023 11:10 PM GMT+2 Updated 2 days ago ធ Aa V Offshore Wind Developers Take a Pass on UK's Fifth CfD Round as Maximum Bid Price Was Too Low BUSINESS & FINANCE September 8, 2023, by Adrijana Buljan Share this article in X The UK government has awarded 3.7 GW of renewable energy projects with Contracts for Difference (CfDs) in its fifth allocation round. Among the 95 new projects that secured CfDs are onshore wind, solar and tidal energy developments - and not a single megawatt of offshore wind. Source: Financial Times, Reuters, Offshore WIND, Bloomberg, The Economist, reNEWS US$20bn of spend is needed to build 200 new vessels VESSELS March 30, 2023, posted by Admir Cavalic Written by David Matthews, Head of Strategy Clarksons Renewables RENEWABLE ENERGY Business Awaiting a second wind The wind-turbine industry should be booming. Why isn't it? Stiff competition has combined with rising costs and other burdens JE 511 New York throws support behind offshore wind with three project awards New York officials on Oct. 24 said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement. Oct. 25, 2023 RENEWS.BIZ Treasury talks raise hopes of offshore tax incentives The UK Treasury has stepped up engagement with the offshore wind sector on tax reform and incentives, raising hopes Chancellor Jeremy Hunt will unveil new support measures in November's Autumn Statement. Government officials have held detailed meetings with developers and supply chain companies in recent weeks to discuss various initiatives that CLOUT: New Energy Secretary Claire Coutinho

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