“European energy companies Orsted, Equinor and BP have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are mostly in development, in part because their existing power sales contracts would not cover the cost of building and financing the projects.” (- Reuters, below) Facing a series of costly physical problems and a becalmed market, … Continue reading U.S. Offshore Wind: GE Vernova’s Big Problems