Nobody wants UK wind power deals

Electricity crisis

Economics (TT-Bloomberg)

No one wants to build new offshore wind power off the coast of Great Britain. Zero bids came when the government held auctions for new contracts. Too expensive and bad government subsidies, energy companies object.

That puts Vestas, a Danish manufacturer of wind turbines, on the brakes.

– We won’t build a factory in the UK until we get clear signals about how demand is growing, says Vestas CEO Henrik Andersen.

In the past, the British have been described as the leading nation in expanding offshore wind power. Now it has become an average wind power country, according to Vestascheffen.

Recently, Swedish energy company Vattenfall decided to cancel a major British offshore wind power project as a result of runaway costs.