How Global Offshore Wind Is Battling a Perfect Storm of Challenges ...Middle East

Over the past couple of years, the global offshore wind sector has been facing growing pains, with supply chain constraints, policy volatility, and economic headwinds threatening a power segment that has been slated to become the most dominant wind energy source in many regions. These challenges are increasingly forcing companies in the space to abandon projects and undergo strategic restructuring as the momentum for offshore wind and other nascent clean energy industries, such as hydrogen, wanes. To wit, last year, Shell Plc (NYSE:SHEL) announced…

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