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US offshore wind market stalls ahead of election

Project developers are considering extending installation periods of their offshore wind farms by up to six years without losing ITC aid, says US analyst, who expects neither project approvals nor new site licenses before the presidential election is complete. Even if all ends well, it might lead to a ironic problem.

A Democratic Party presidential election win would expedite the offshore wind build-out. But it's not Donald Trump's pure malice that's preventing this from happening right now, says Max Cohen from IHS Markit. Photo: Joseph Prezioso/AFP / AFP

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