Wind power industry drifting off course

A survey vessel sailing past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain. — Reuters

A PERFECT storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors and analysts said.

The race to reduce reliance on fossil fuels is putting pressure on manufacturers and supply chains to keep pace with demand for more clean energy, especially in the European Union which is finalising a legally binding goal to produce 42.5% of energy from renewables by 2030.