American renewable energy giant NextEra (NYSE:NEE) told the CERAWeek energy conference in Houston on Wednesday that offshore wind’s capital intensive nature makes it a poor investment as the world attempts to transition to clean energy. Citing the costs of installing and maintaining infrastructure, as well as numerous complications with projects of this vast size, CEO John Ketchum told the Houston conference that NextEra–the largest producer of renewable energy in the world–finds it challenging to maintain onshore wind fleets,…
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