Vattenfall has halted development of the 1.4GW Norfolk Boreas offshore wind farm after seeing costs in the sector rise by up to 40% due to recent global events. Industry figures said the "shock news" should provide a "wake-up call" for ministers who must act now to ensure the success of upcoming Contracts for Difference auctions and prevent other low-carbon energy projects from suffering a similar fate.
Vattenfall halts offshore wind project due to surging costs
