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Wind Power Industry Faces Crisis Amidst Rising Costs and Project Failures
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The wind power industry is facing a crisis due to rising costs, supply-chain issues, and project failures. Companies are withdrawing from offshore wind projects in Taiwan and the US, impacting the industry's ability to meet renewable energy goals. Orsted A/S is prioritizing investments in its portfolio and scaling back bidding activities due to a cost crisis.
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How can the wind power industry address the rising costs and supply-chain issues?
What are the potential consequences of the industry's inability to meet renewable energy goals?
What steps can be taken to secure financial aid and simplify wind project approvals?
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