Vattenfall halted a new wind project in the North Sea

Turbines are now being developed with a capacity of 18MW or more. Towers rising more than 100 metres above the water’s surface. Wind Turbines, with 8 MW model have 81-metre turbine blades can power a home for 24 hours. Wind Turbines with 107-metre blade can power a home for two days.

However,  Nacelles weighing 800 to 1,000 tonnes. About $13bn of investment needed for replacing installation vessels for offshore.

Hence, Swedish developer Vattenfall halted a new project in the North Sea due to pressure from inflation and high interest rates. Iberdrola and Shell are also exiting agreements in the US.