Edentree's CIO - Charlie Thomas - interviewed on the wind energy sector
The offshore wind energy sector has been hit by a perfect storm of rising costs of materials in its supply chains, higher interest rates, and increased technical challenges. Charlie Thomas, CIO at EdenTree, says the industry is going through a painful reset.
Offshore wind appears to have been blown off course in recent months. In September, the UK’s annual auction for new offshore wind developments failed to yield any bids. Then in early November, Danish offshore wind giant Ørsted pulled out of two US projects, resulting in an impairment of $5.6 billion.
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