Work Halted on Huge Windfarm in North Sea Amid Rising Costs
Danish developer Orsted blamed rising supply chain costs and high interest rates for halting Hornsea 4, which could have powered one million homes.
Energy giant Orsted has said it is stopping work on one of the UK’s biggest upcoming offshore wind projects, in a blow to the Government’s clean energy plans.
The world’s largest offshore wind developer said it will halt its Hornsea 4 project, a massive planned wind farm in the North Sea that could have powered more than one million homes.
Orsted said the project had suffered...
To Read Full Story Login Below.