'Major wake up call': Vattenfall halts 1.4GW offshore wind farm project over cost fears

Stuart Stone
clock • 5 min read
Credit: Vattenfall
Image:

Credit: Vattenfall

Industry calls on government to urgently review offshore wind contracts as 40 per cent cost increase forces Vattenfall to pause scheme that is set to power 1.5 million homes

Swedish energy giant Vattenfall has today announced it is halting the development of its 1.4GW Norfolk Boreas offshore wind project and reviewing further projects planned for its Norfolk Zone that were...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

Ocean Winds signs lease to develop Celtic Sea floating offshore wind project

Ocean Winds signs lease to develop Celtic Sea floating offshore wind project

Joint venture between energy developers EDPR and ENGIE aims to deliver up to 1.5GW of capacity over the next decade

clock 03 March 2026 • 3 min read
Ayrshire group switches on community-owned wind project capable of powering 2,000 homes

Ayrshire group switches on community-owned wind project capable of powering 2,000 homes

Community-owned 2.5MW Kilbirnie wind turbine completes first full week in operation

Stuart Stone
clock 03 March 2026 • 3 min read
'Stepping up to the task': European wind industry adds 19GW of capacity in 2025

'Stepping up to the task': European wind industry adds 19GW of capacity in 2025

Sector invests €45bn in wind energy pipeline, but concerns remain over proposed energy market reforms and pace of floating offshore wind development

James Murray
clock 26 February 2026 • 3 min read